Bruce Durham P.Geo. Through his career he completed acquisition-focused economic reviews of most gold mines in North and Central America and undertook more than 25 feasibility studies.
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 UPDATE
Vancouver, December 1, 2021, Golden Goliath Resourc es Ltd. (TSX.V GNG ) (US: GGTH-F)
(Frankfurt: GGZ)
Golden Goliath Resources is saddened to acknowledge the passing of Mr. R.S. (Bob)
Middleton P.Eng. The Company was proud to have Bob as a member of the its
Advisory Board for the last two years.
Bob was a highly accomplished Geologist, Geophysicist, and Professional Engineer
(P.Eng.), registered in Ontario. He had more than five decades of field work, mine
discoveries, and company building experience. Bob was credited with putting the
Penhorwood Talc Mine into production for Steetley Minerals Canada Ltd. in 1977 and
played a role in putting seven other mines into production, including the Bell Creek
Mine in 1979 and the Golden Giant (Hemlo) Mine in 1982, which he co-discovered with
Bruce Durham P.Geo. Through his career he completed acquisition-focused economic
reviews of most gold mines in North and Central America and undertook more than 25
feasibility studies.
Bob also had extensive experience exploring in the Red Lake mining district, including
work on what is now Great Bear ʻs Dixie property. Bob was the driving force behind the
Golden Goliath Resources exploration of the Kwai pr operty, located several kilometers
south of Great Bear. Bob had faith in the gold pote ntial of the Kwai property and the
Company continues to keep that faith. Bob used the expression “just do it“ long before
Nike and he wanted us to continue our work there. We are optimistic that Bob’s faith in
the property will be proven out.
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 District Properties including th e Kwai Property of Golden Goliath
Over the past summer the Company conducted further evaluation of the SLF property,
which is located about 5 km south of Kwai. SLF is underlain by rocks of the English
River formation, unlike Kwai, which is predominantl y underlain by rocks of the Uchi
greenstone belt, which host the known Red Lake gold deposits. Geological surveying
did not reveal any significant alteration and did n ot located the SLF fault itself, which
may lie under part of adjacent Pakwask Lake. The Co mpany has decided to drop the
SLF option.
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]
Apart from the Red Lake area, the Company holds 100 % ownership of the Wish Ore
property, located in the Batchewana Bay area betwee n Sault Ste Marie and Wawa
Ontario. Part of the 2021 exploration work on Wish Ore included an airborne Mag and
VLF-EM survey. The data from this survey was recei ved by the Company about 2
months ago. Bob wanted to interpret this data to ai d in the exploration of the property
and the data was relayed to him. Unfortunately, th is coincided with the downturn in
Bob ʻs health and he was unable to complete this work. T he Company recently
engaged another well know geophysicist, Peter Diori o P.Geo. to do this interpretation
and compile its results with the existing property data. This work should be completed
shortly.
Figure 2: Golden Goliath Wishore Property located i n Archean Greenstone Belt
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]
Golden Goliath CEO Paul Sorbara PGeo comments: “Canada’s mining industry has
lost one of its most prolific and respected members. Bob was a treasure house of
knowledge and experience, not only in the Red Lake area, but from around the world.
We intend to honor Bob by continuing our exploration work with his enthusiasm and
diligence.”
This news release has been reviewed by Gordon MacKa y, P.Geo. who is acting as QP
under the NI 43-101 requirements.
On behalf of the Board of Directors
Paul Sorbara, MSc, PGeo
CEO, Golden Goliath Resources Ltd.
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]
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 ex ploring and developing the gold and
silver potential of properties in the Red Lake Dist rict 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 .
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
statements, whether as a result of new information, future events or otherwise, except as
expressly required by applicable law.
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 policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or accura cy of this
release.