Corporate Office – Canada Corporate Office – Mexico
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
GOLDEN GOLIATH: TILL SAMPLES FROM KWAI
PROPERTY YIELD PRISTINE GOLD GRAINS
- 17 till sample sites yield pristine gold grains
- All 24 till samples contain gold one to 42 gold g rains
- 13 sites contained over 5 grains, and 8 sites con tained over
10 grains
Vancouver, July 7, 2020, Golden Goliath Resources Ltd. (TSX.V GNG ) (US:
GGTH-F) (Frankfurt: GGZ)
Golden Goliath Resources Ltd. (“Golden Goliath” or the “Company”)
is very pleased to announce that recently completed till sampling program
on its Kwai property in the Red Lake Mining Distric t sucessfully located
pristine gold grains in multiple locations. In 40 a ttempts to dig till or soil
samples along the 10 km length of the Kwai property covering multiple
faults associated with the Pakwash Fault, 24 till b asal samples were
recovered and sent to Overburden Drilling Managemen t in Nepean
(Ottawa), Ontario. The results were received late M onday July 6 th and are
summarized here. All 24 samples of till yielded gol d grains and 17 till
samples contained Pristine gold grains which are indicators of near-by gold
mineralization. Soil sampling assays have also been received which found
scattered indicator pathfinder elements in the fine soil fraction of As, Sb, Cu,
Bi, Pb, Mo, V, and W, (Arsenic, antimony, copper, B ismuth, lead,
molybdenum, vanadium, and Tungsten.)
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]
Figure 1: Red Lake Property Map
The largest concentration of gold grains appears to correspond to IP
anomalies previously located in 2019 on the west gr id but numerous till
sites on the eastern IP grid also correlate with th e IP anomalies along the
major faults that occur in the siliceous tuffs and sediments flanking a basalt
marker.
IP surveying is continuing at Kwai despite rain and thunderstorm
interruptions and is extending these known IP anoma lies. Once the IP
survey is complete, by mid July, drill hole plans can be finalized based on
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]
these till results and chargeability anomalies occurring up ice from the gold
anomalies.
Figure 2
Golden Goliath CEO, Paul Sorbara, comments: “I am really pleased! It had
been stated that Golden Goliath has very good geolo gy, structure and
targets but next needs the till sampling results as proof that there is gold
in the area. Evidence that the Pakwash Fault may be pregnant. Well, we
now have that evidence. It will be exciting to see what the 2020 IP survey
shows and how it correlates with the till geochemistry. We also have much
better understanding of the geology and we are very happy about our
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]
situation, as we prepare for the drill phase. Groun d truthing of the newly
identified IP anomalies will occur before final drill site selection.”
This news release has been reviewed by Robert S. Mi ddleton P.Eng who
is acting as QP for this phase of the exploration under the NI43-101
requirements.
On behalf of the Board of Directors
Paul Sorbara, MSc. PGeo
CEO, Golden Goliath Resources
Cautionary Statements Regarding Forward Looking Information
Certain statements included herein may constitute “ forward-looking statements”. All statements
included in this press release that address future events, conditions or results, including in
connection with exploration activity, future acquis itions and any financing, are forward-looking
statements. These forward-looking statements can be identified by the use of words such as
“may”, “must”, “plan”, “believe”, “expect”, “estima te”, “think”, “continue”, “should”, “will”, “could” ,
“intend”, “anticipate” or “future” or the negative forms thereof or similar variations. These
forward-looking statements are based on certain ass umptions and analyses made by
management in light of their experiences and their perception of historical trends, current
conditions and expected future developments, as wel l as other factors they believe are
appropriate in the circumstances. These statements are subject to risks, uncertainties and
assumptions, including those mentioned in the Compa ny’s continuous disclosure documents,
which can be found under its profile on SEDAR ( www.sedar.com ). Many of such risks and
uncertainties are outside the control of the Compan y and could cause actual results to differ
materially from those expressed or implied by such forward-looking statements. In making such
forward-looking statements, management has relied u pon a number of material factors and
assumptions, on the basis of currently available information, for which there is no insurance that
such information will prove accurate. All forward-l ooking statements are expressly qualified in
their entirety by the cautionary statements set forth above. The Company is under no obligation,
and expressly disclaims any intention or obligation , to update or revise any forward-looking
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]
statements, whether as a result of new information, future events or otherwise, except as
expressly required by applicable law.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior explorati on company listed on the TSX Venture Exchange
(symbol GNG). The Company is focused on exploring a nd developing the gold and silver potential of
properties in the Red Lake District of Ontario. The Company also holds a 100% interest in the San
Timoteo property, located in the Sierra Madre Occid ental Mountains of northwestern Mexico, as well as
NSR royalties on several other nearby properties, and 100% of the La Cruz property, also in Chihuahua.
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 Ser vices Provider (as that term is defined in the poli cies of the
TSX Venture Exchange) accepts responsibility for the adequacy.