Infrastructure Upgrades Almost Completed
Corporate Office – Canada Corporate Office – Mexico
Suite 711 675 West Hastings Street, Vancouver, BC Minera Delta S.A. de C.V.
V6B-1N2, Canada C. Juan Felipe Orozco #516
Tel: (604) 682-2950 Col. San Felipe 31240 Chihuahua, Chih.
Fax: (604) 685-3764 Tel and Fax: (011 52) 614 414 6226
Email: [email protected] Email: danielnosfriet [email protected]
TSX.V:GNG
www.goldengoliath.com
INFRASTRUCTURE UPGRADES ALMOST COMPLETED
Vancouver, Canada, June 22, 2017 Golden Goliath Resources Ltd. (TSX.V GNG )
(US: GGTH-F)
The Company is pleased to announce that major impro vements to access infrastructure
in the Uruachic area are almost completed. For many years the Company accessed the
town of Uruachi, located close to the San Timoteo p roperty, by way of a 45 kilometer,
narrow gravel road that forged at least two creeks with no bridge. This meant that
access could be impeded by high water during the ra iny season and this important road
would have to have been improved in the case of suc cessful development of a possible
mine at San Timoteo. However, due to the discovery and development of the Orisyvo
gold and silver deposit, has indicated and inferred resources of 8.9 M oz of gold and
12.6 m oz of silver, a major infrastructure upgrade has been underway and is almost
completed at no cost to Golden Goliath. Orisyvo is located 11 kilometres from San
Timoteo and also has Uruachic as its principal near by town. The 45 kilometer access
road leading to the highway has been widened and pa ved and is now just 5 kilometers
from the town. Major concrete bridges have now bee n completed over the streams
along the road and the town itself is growing. Thes e expensive developments are a
major benefit to Golden Goliath because they allow much easier access and the
Company would no longer have to pay for them as par t of the possible development of
a mine at San Timoteo. The improvements have lowere d the economic threshold
needed for a successful project.
The Company’s 2017 exploration program on San Timot eo is currently underway. The
program will be a continuation and expansion of the work conducted in 2016 designed
to strengthen and increase the number of drill targ ets to be tested in an upcoming major
drilling program. That program will include surface and underground drilling to test
targets property wide. Excellent drill target already exist in the 500 meter long Number 5
level of the old San Martin mine, which is located on the San Timoteo property.
Extensive underground rock, chip and channel sample s have defined three well
mineralized shoots as well as a mineralized “manto” or blanket horizon exposed within
the tunnel. The Manantial shoot is 32 metres wide a nd averages 6.8 ounces of silver
and 0.3 grams of gold per tonne; the Cascada structure is 78 metres wide and averages
2.18 ounces of silver and 0.6 grams of gold per ton ne; while the Pozo de Agua shoot is
84 metres wide with an average grade of 8.07 ounces of silver and 0.8 grams of gold
per tonne. The true thickness and grade of the blan ket or manto style mineralization is
not certain due to limited exposure, but the weight ed average of samples taken to date
is 15.9 ounces of silver and 0.8 grams of gold per tonne.
Corporate Office – Canada Corporate Office – Mexico
Suite 711 675 West Hastings Street, Vancouver, BC Minera Delta S.A. de C.V.
V6B-1N2, Canada C. Juan Felipe Orozco #516
Tel: (604) 682-2950 Col. San Felipe 31240 Chihuahua, Chih.
Fax: (604) 685-3764 Tel and Fax: (011 52) 614 414 6226
Email: [email protected] Email: danielnosfriet [email protected]
Previous field work showed that the Level 5 tunnel at San Martin (the lowest old working
on the San Timoteo property), is above the “bonanza zone” or paleo boiling level
indicating greater potential at depth.
CEO Paul Sorbara says; “Golden Goliath is extremely lucky that these important and
expensive infrastructure are being done at no cost to us. They lower the threshold
needed for an economic project at San Timoteo. We look forward to a very successful
drill program and expect the field work currently u nderway will generate more good
targets.”
About Golden Goliath
Golden Goliath Resources Ltd. is a junior explorati on company listed on the TSX
Venture Exchange (symbol GNG). The Qualified Person for the information regarding
Uruachic project is J. Paul Sorbara M.Sc., P.Geo. The Company is focused on exploring
and developing the gold and silver potential of an historic mining camp located in the
world famous Sierra Madre Occidental Mountains of n orthwestern Mexico. Golden
Goliath’s San Timoteo property claims are owned 100 % by the Company and are fully
paid for with no property option or purchase payments to make.
To find out more about Golden Goliath visit our website at www.goldengoliath.com .
FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.
J. Paul Sorbara, M.Sc., P.Geo
President & CEO
Phone: +1(604) 682-2950 Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.