Golden Goliath Launches Program at Manicouagan Project
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TSX.V:GNG
www.goldengoliath.com
Golden Goliath Launches Program at Manicouagan Project
Vancouver, October 12, 2023, Golden Goliath Resources Ltd. (TSX.V GNG ) (US:
GGTH-F) (Frankfurt: GGZ)
Golden Goliath Resources is pleased to report initi al results of the exploration program
at their Manicouagan Project central Quebec. The project is still ongoing.
The Manicouagan Project consists of four properties covering anomalous Rare Earth
Element occurrences just to the south of the Manico uagan impact crater. The initial
program consisted of ground geophysics, geology, an d geochemistry to identify the
source of lake sediment anomalies and to assess pre viously known anomalous rock
samples.
Along with highly prospective metamorphic and igneo us complexes our Manicouagan
project has excellent infrastructure with hydro pow er facilities and access with highway
389 splitting the properties and secondary access provided by recent forestry activities.
Figure 1: Manicouagan Project
The properties are all underlain by metamorphic and intrusive complexes of the
Grenville geological province. The rock and till s ampling program confirmed the
presence of anomalous values in most of the rare ea rth elements along with Rubidium,
Strontium, Thorium, and Zirconium. Mapping found s ignificant thicknesses and
generations of apparently prospective pegmatites in truding into the host gneiss and
granites.
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Figure 2: Geologist examining gneiss with pegmatite intrusions. Note sharp contact with pegmatite just to
right of compass.
Figure 3: Felsic pegmatite intruding in gneiss.
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[FB1] Of the numerous pegmatites occurring on the propert ies and underlying the
radiometric features recently identified by Golden Goliath, it is considered that sufficient
magnetic contrast can be resolved between the vario us combinations of pegmatite and
host rocks that a detailed, high-resolution drone m agnetometer survey will allow us to
reliably identify potentially mineralized pegmatite bodies under the modest local till
cover.
Broad spatial correlation of radiometric features w ith previously known and recently
identified, pegmatitic, potential REE host features is highly encouraging and validates
the exploration approach used. Greater refinement of these radiometric features into
well-defined REE targets is considered to be possib le using the drone-mag
methodology described above [FB2] .
Figure 4: Geophysics covering Ernest Property
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Figure 5: (Right) Geophysics covering Victory 21 Property
Robust multi-line anomalies were identified in the recently completed geophysics program
indicating a considerable size to the highly prospective geology. This radiometric survey has
allowed Golden Goliath to focus on some of the most prospective areas of the land package,
and has yielded key information regarding orientations and broad distribution of potential REE
target bodies.
Golden Goliath CEO Paul Sorbara said, “We achieved our goals with our initial exploration, and
I am very pleased with the work to date and the pot ential it has shown. This area is
underexplored and has tremendous potential for critical minerals such as REEs.”
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.
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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
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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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the policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or accura cy of this
release.