Golden Goliath Identifies New Strong IP Anomalies Located IN Beauregard Lake up Ice from GOLD IN Glacial Till
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TSX.V:GNG
www.goldengoliath.com
GOLDEN GOLIATH IDENTIFIES NEW STRONG IP ANOMALIES LOCATED
IN BEAUREGARD LAKE UP ICE FROM GOLD IN GLACIAL TILL
Vancouver, March 4, 2021, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt:
GGZ )
Golden Goliath Resources is pleased to report that the IP survey run from
the frozen surface of Beauregard Lake has now been completed after
experiencing delays due to -40 C temperatures. A ne w set of IP anomalies
has been discovered along the north edge of the lak e following the
Pakwash Fault trend. These are stronger than all pr evious anomalies.
They sit in a unique resistivity setting totally di fferent than any previous
anomaly seen along the fault. This particular set o f anomalies can be
reached by drilling from shore as they are within 5 0m of the north shore of
the lake (Fig 2), and occur on lines 1400E, 1600E, 1800E and 2000E along
the north shore of the lake.
Figure 1: Red Lake District Properties including the Kwai and SLF properties of Golden Goliath
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A second IP trend has been located in the felsic tu ffs seen on the south
shore of the lake which align with IP anomalies on land to the east where a
rusty till sample containing 13 grains of gold was found (Fig 2). Therefore
two new types of anomalies have appeared which will be tested in this next
round of drilling.
Figure 2: New IP results from Beauregard Lake
The second trend described above will be initially tested as a trail for
access is prepared for the new large anomaly near t he north shore of the
lake on lines 1600E and 1800E.
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Drilling has now resumed in the area of the rusty t ill sample with 13 gold
grains collected last summer. Planned hole K21-17 w as originally to be
located 200m east of drill hole K21-15. However, as drilling resumed, a
frozen solid water supply creek made it necessary to move the drill from the
trend south of the Pakwash Fault on the East Grid t hat was being tested
with holes K21-15 and K21-16 to the south shore of the lake, just up ice
from the rusty till sample. Drilling here will test the new IP trend where
water can be drawn directly from the lake. Drill Hole K21-17, located on line
2200E near the southeast corner of the lake (Fig. 3 ). Drilling of the
previously planned holes on the East Grid will resu me as the weather
warms up enough to allow water flow.
Figure 3: Planned, completed and in progress drill holes on the East and Central Grids
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Figure 4: Probable Source Areas For Gold Grains in Till
This news release has been reviewed by Robert S. Mi ddleton P.Eng who
is acting as QP for this phase of the exploration u nder the NI 43-101
requirements.
On behalf of the Board of Directors
Paul Sorbara, MSc, PGeo
CEO, Golden Goliath Resources Ltd .
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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 poli cies of the
TSX Venture Exchange) accepts responsibility for the adequacy.
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 .