Golden Goliath Drilling Continues With Silicified Sediments and Albitization found on Pakwash Fault Trend
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Golden Goliath Drilling Continues With Silicified Sediments
and Albitization found on Pakwash Fault Trend
- New geological Setting Discovered East Of Beauregard Lake On Pakwash
- Silicified Sediments Similar to Dixie Property Discovered Next To Basalt Marker
- Intense Albite Alteration Overprints All Previous Textures
Vancouver, August 25, 2021, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F)
(Frankfurt: GGZ)
Golden Goliath Resources is pleased to update the progress made during the second
and third phases of the drill program on the Kwai property, which commenced in early
July. Phase 1 of the 2021 drill program was completed in late March, targeting IP
anomalies identified on the south side of Beauregard Lake. Phase 2 started in early
July with four drill holes completed around hole K21-21 on the south side of
Beauregard Lake where anomalous gold values of 864 ppb were encountered over
one metre in an altered shear zone south of the main Pakwash break (see NR of May
25, 2021). The new holes, K21-25, 26, 27 & 28, all encountered narrow shears with
quartz-epidote-albite alteration and assays are pending.
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: [email protected]
Figure 1: Red Lake District Properties including the Kwai and SLF properties of Golden Goliath
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: [email protected]
Phase 3 was initiated in late July when the drill was moved just east of Beauregard
Lake, along the main Pakwash break, targetting IP anomalies in deep overburden up
ice of gold in till anomalies identified on the south side of Beauregard Lake in early
2020. To date three holes K21-29, 30 & 31 have been completed. These three holes
appear to cross the metamorphic boundary between the highly metamorphosed
English River rocks to the south and the greenshist phases Uchi rocks to the north. At
the boundary and on the Uchi side the holes encountered a new sedimentary zone 100
to 170 metres wide in contact with a regional basalt marker. The interval contains three
bands of intensely silicified bedded sediments, which are overprinted with albite,
epidote and potassic alteration with disseminated pyrite. This interval is similar in
appearance to units discovered on the Great Bear Dixie property. The sediment
package on the Dixie property occurs between a basalt to the south and the LP zone
and contains gold values (see GBR NR with cross sections).
The drill has now moved a further 200M eastward to line 34E where hole K21-32 is
underway. Further eastward stepouts are planned to lines 36E, 39E and 41E for a
strike length of 1300 metres.
Drill hole K21-32 is now in progress with a target depth of about 200m. There are
approximately 1400 metres remaining to be drilled in this 3,000 metre program.
Assays are pending for all holes with assay labs being jammed to capacity during
these active times. All samples are being assayed with a 30 gm Fire Assay for gold.
Multi element analysis is also being done to search for pathfinder elements.
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: [email protected]
Figure 2: Update of Completed and Proposed drill holes with IP anomalies and local features
Golden Goliath CEO Paul Sorbara PGeo comments: “We are excited about finding
alteration and similar stratigraphic units that occur on the GBR Dixie property. For some
time we have felt that the Kwai property covers the south flank of a regional fold that
repeats the geology of the Dixie property.”
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: [email protected]
QAQC
All the gold values reported in this round of drilling were obtained by fire assaying 30 gm
samples. Blank and standards were inserted into the sample stream alternating at 25m
intervals.
This news release has been reviewed by R.S. Middleton P.Eng who is acting as QP for
this phase of the exploration under the NI 43-101 requirements.
On behalf of the Board of Directors
Paul Sorbara, MSc, PGeo
CEO, Golden Goliath Resources Ltd.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture
Exchange (symbol GNG). The Company is focused on exploring and 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 Occidental Mountains of
northwestern Mexico, as well as NSR royalties on several other nearby properties.
To find out more about Golden Goliath visit our website at www.goldengoliath.com.
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: [email protected]
Cautionary Statements Regarding Forward Looking Information
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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]
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