Golden Goliath Starts Exploration of High Priority Targets ON Wish ORE Property
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TSX.V:GNG
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GOLDEN GOLIATH STARTS EXPLORATION OF HIGH PRIORITY
TARGETS ON WISH ORE PROPERTY
Vancouver, May 16, 2022, Golden Goliath Resources L td. (TSX.V GNG ) (US: GGTH-F) (Frankfurt:
GGZ)
Golden Goliath Resources is pleased to report that the Company is commencing its
next phase of exploration on the Wish Ore property this week. The Golden Goliath
exploration team arrived on site today to start the 2022 program . The Company holds
100% ownership of the Wish Ore property, located in the Batchewana Bay area
between Sault Ste Marie and Wawa Ontario.
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 2021 exploration work on Wish Ore included an a irborne Mag and VLF-EM
survey. Interpretation of that data by Peter DiOrio , P.Geo. of GeophysicsOne Inc.
identified 19 priority targets with VLF and mag ano malies within the Batchewana
Greenstone belt. The anomalies occur within the Carp River fault system and adjacent
to it on the south side within a broad zone of high strain that is associated with the
previously discovered showings.
The current program team includes geologist G. Mac Kay P Geo., a structural geologist
and a seasoned propospector. This team will map an d sample the 19 Areas of Interest
(AOI ʻs). While all of the anomalies look very encouragin g, perhaps the most exciting of
them 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.
At Wish Ore, gold values up to 25 gpt have been ret urned from altered volcanic and
meta sediments along the mineralized trend for over 6 kilometers. Prospecting in 2019
identified large angular mineralized boulders 200 m eters down ice southwest of this
anomaly. In the underexplored southwest end of the property lies AOI 7, which consists
of an anomalous northwest trending mag low which cu ts three east west trending mag
highs. The area of the mag low is associated with VLF conductors and interpreted
structures. This is interpreted to represent an ar ea of alteration where magnetic
minerals were destroyed by the alteration similar t o what is seen in the areas of intense
quartz carbonate alteration elsewhere on the 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]
Figure 2: Geophysical Interpretation of Areas of Interest
Golden Goliath CEO Paul Sorbara PGeo comments: “ The Wish Ore property hosts
widespread surface gold mineralization hosted in a very large carbonate alteration zone.
The current program is designed to add to our knowledge of this underexplored property
and generate targets for follow up work including IP and drilling“.
This news release has been reviewed by Gordon MacKa y, P.Geo. who is acting as QP
under the NI 43-101 requirements.
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]
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 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 .
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.
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
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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]
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