Golden Goliath Preliminary Work on Red Lake Properties
TSX.V:GNG
www.goldengoliath.com
Golden Goliath Preliminary Work on Red Lake Properties
Vancouver, July 2, 2019; Golden Goliath Resources Ltd. (TSX.V GNG )
(US: GGTH-F)
Golden Goliath’s technical team has now completed the preliminary
assessment of the Kwai and SLF properties in the Red Lake mining district
south of Great Bear Resources Dixie Lake project. The proper location for
the geophysics lines has now been determined and line cutting is now
underway.
The geological objective of the initial assessment at the Kwai property was
to locate the major deep seated fault structure that is analogous to the
structure associated with Great Bear’s Dixie Lake discovery to the north.
While the actual fault structure is not exposed the team was successful in
locating an approximate trace of the structure and identified mafic volcanics
on the north side of the structure and the volcanic contact with the granite
further to the north.
At the SLF prospect the team was able to locate the approximate trace of
the Sidney Lake Fault zone.
In the next phase of exploration Golden Goliath will be conducting ground
geophysics, including magnetics and IP along the fault structures where
previous work identified significant breaks in the magnetic response that is
thought to be associate with alteration zones that have destroyed the
magnetic minerals.
Work will continue throughout the summer on all three Golden Goliath
properties in Ontario and regular updates will be provided. This work is
expected to delineate drill targets for the next stage of exploration, which
the Company expects will occur in the late summer or Fall.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX
Venture Exchange (symbol GNG). The Qualified Person (“QP”)for the information
regarding Ontario properties is J. Paul Sorbara M.Sc., P.Geo. The QP has approved the
scientific and technical disclosure in the news release.
The Company is focused on exploring and developing the gold and silver potential of
properties in the Red Lake District 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, and
100% of the La Cruz property, also in Chihuahua.
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 Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibil ity for the
adequacy or accuracy of this release.