Golden Goliath Receives Approval for Wish Ore Property
TSX.V:GNG
www.goldengoliath.com
Golden Goliath Receives Approval for Wish Ore Property
Vancouver, May 14 2019; Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F)
The Company is pleased to announce that it has now received TSX approval for its
acquisition of the Wish Ore property in the Sault Ste. Marie mining district. The
company, which is already financed, plans to aggressively explore this property as well
as its two properties in the Red Lake District properties The exploration permitting is
already underway and a 43-101 compliant Technical Report on the Wish Ore property
has already been started.
The terms for a 100% interest in the Wish Ore property are as follows:
On signing $25,000.00 + 200,000 shares (upon TSX approval)
Minimum $75,000 work commitment during year 1
After 1 year $25,000.00 + 200,000 shares
After 2 years $25,000 + 100,000 shares
Less a 1.5 % NSR with a buy back clause for ½ of the NSR for $500,000.00.
Golden Goliath CEO Paul Sorbara PGeo said; “I like the property very much and our
whole team does too.”
On the Wish Ore property, limited prospecting by the property vendor (Mike Tremblay)
has identified several new gold mineralized structures that have not been identified by
past work on the property and have received little or no previous exploration (See
Golden Goliath press release dated May 1, 2019) . As a bonus, the Wish Ore property
has excellent infrastructure as is located within an hour’s drive from Sault Ste Marie, a
full service community located on the Canada-US border. “
The prospector/vendor, Mike Tremblay, also discovered the Borden Lake deposit, which
is located about 120 km northeast of Golden Goliaths Wish Ore p roperty. Goldcorp has
started mine development at Bor den Lake and is expected to have a mine life of seven
years with ccommercial production to start this year. Tremblay was a recipient of the
2013 Ontario Prospectors Associat ion discovery of the year awar d at the Ontario
Geoscience Symposium in Sudbury for the Borden Lake discovery a nd will continue to
consult on the exploration of the property.”
Through its wholly owned and funded Mexican Subsidiary, Minera Delta S.A. de C.V.,
the Company will continue to own 100% of its San Timoteo proper ty in Chihuahua and
the net smelter royalties from the 7 recently optioned properti es, as well as the La Cruz
property, which lies in another area of the State.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company l isted on the TSX
Venture Exchange (symbol GNG). T he 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 explor ing and developing the gold and silver potential of
properties in the Red Lake Distric t of Ontario. The Company als o holds a 100% interest
in the San Timoteo property, located in the Sierra Madre Occide ntal Mountains of
northwestern Mexico, as well as NSR royalties on several others 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 t he TSX Venture Exchange) acce pts responsibility for the
adequacy or accuracy of this release.