Golden Goliath Identifies High Priority Exploration Targets ON Wish ORE 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: danielnosfriet [email protected]
TSX.V:GNG
www.goldengoliath.com
GOLDEN GOLIATH IDENTIFIES HIGH PRIORITY EXPLORATION
TARGETS ON WISH ORE PROPERTY
Vancouver, January 10, 2022, Golden Goliath Resourc es Ltd. (TSX.V GNG ) (US: GGTH-F)
(Frankfurt: GGZ)
Golden Goliath Resources is pleased to report that the Company has received the final
interpretation on the airborne geophysics survey th at was flown on our Wish Ore
project last season.
The Company holds 100% ownership of the Wish Ore pr operty, located in the
Batchewana Bay area between Sault Ste Marie and Waw a Ontario. Part of the 2021
exploration work on Wish Ore included an airborne M ag and VLF-EM survey. Peter
Diorio, P.Geo. of GeophysicsOne Inc. , was contracted to do this interpretation and
compile its results with the existing property data.
Figure 1: Regional Overview of GNG Wishore 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: danielnosfriet [email protected]
The excellent work by Mr. Diorio has identified 19 Areas of Interest (AOIs) for follow-
up. While all of the anomalies look very encouragi ng, the most exciting of these are
AOI 4 and AOI 8 which are located adjacent to known gold mineralization on the
property at the Trench zone and the New Zone. AOI 1 and AOI 15 show large-scale
potential as they appear to be associated with a 70 0 meter zone of interpreted flexure
along the deep seated Carp River fault and the inte rsection of a northwest trending
structure. AOI 13 is also an anomaly near the junc tion of the Carp River Fault and a
northwest trending structure. Prospecting in 2019 identified large angular mineralized
boulders 200 meters down ice southwest of this anom aly. In the underexplored
southwest end of the property AOI 7 consists of an anomalous northwest trending mag
low which cuts three east west trending mag highs. The area of the mag low is
associated with VLF conductors and interpreted stru ctures. This is interpreted to
represent an area of alteration where magnetic mine rals were destroyed by the
alteration similar to what is seen in the areas of intense quartz carbonate alteration
elsewhere on the property.
Figure 2: Areas of Interest with Qtz carbonate zones on image of VLF Amplitude (Cutler, Maine) from Terraquest survey
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]
The company is now working with our key advisors to put together an exploration plan
to test these targets.
Golden Goliath CEO Paul Sorbara PGeo comments: “Our previous work on this
property has shown widespread gold mineralization. This new geophysics gives us the
tools to focus our search on some very exiting targets.“
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.