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
Uruachic Drilling Postponed
Vancouver, November 30, 2018; Golden Goliath Resources Ltd. (TSX.V GNG ) (US:
GGTH-F)
The Company announces that the planned drilling on its 100% owned San Timoteo
property in Chihuahua Mexico will be postponed due to security reasons. Company
CEO Paul Sorbara explains; “After our crew arrived on the property for this year’s
summer work program, we were informed that the Comp any had to pay daily
“protection” for their safely. If I had known that before, I would never have sent them in
the first place. For many years we worked in this area with no problems despite the fact
that traffickers used the region as a back country transportation route from the much
wetter coastal areas to the interior, bypassing the main highways. Those people know
who we are and that we are a small company that emp loyed many local people and we
had no problem with them. Last year, new groups mov ed into the area and there was a
turf war that resulted in many deaths. This year we were faced with this problem. The
GNG Board discussed this situation and quickly and unanimously decided that we
cannot send personnel to work in this area until th e situation changes. The moral, legal
and financial liabilities are far too great. With a new Mexican government just assuming
power, we are hopeful that the security situation w ill improve.” The Uruachic area lies
near an east-west backroad route from the coastal a reas of Sinaloa to the interior
Chihuahua area that bypasses the main highways. The home of the famous drug lord
Chapo Guzman lies about 250 kilometers west of Urua chic on the other side of the
Sierra Madre Occidental. .
Through its wholly owned and funded Mexican Subsidiary, Minera Delta S.A. de C.V.,
The Company will continue to own 100% of its San Timoteo property and the net
smelter royalties from the 7 recently optioned properties, as well as 100% of the La
Cruz property, which lies in a different area of Chihuahua. The Company will maintain
San Timoteo and La Cruz in good standing and continue to monitor the security
situation.
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 informat ion regarding Uruachic project is J. Paul Sorbara
M.Sc., P.Geo. The Company is focused on exploring a nd developing the gold and silver potential of an
historic mining camp located in the world famous Si erra Madre Occidental Mountains of northwestern
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]
Mexico. Golden Goliath’s San Timoteo property claim s 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: jps@goldengoliath. com
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.