Golden Goliath Receives Permit for all Drill Holes on its Kwai Property, Red Lake Mining District
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TSX.V:GNG
www.goldengoliath.com
Golden Goliath Receives Permit for all Drill Holes
on its Kwai Property, Red Lake Mining District
Vancouver, August 26, 2020, Golden Goliath Resources Ltd. (TSX.V GNG ) (US:
GGTH-F) (Frankfurt: GGZ)
Golden Goliath Resources Ltd. (“Golden Goliath” or the “Company”) is
very pleased to announce that the drill permit for the newly generated drill
targets has now been approved. All of the planned drill holes are now
permitted. The Company will start the drill program on September 8th.
Figure 1: Red Lake District Properties including the Kwai and SLF properties of Golden
Goliath
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Golden Goliath CEO Paul Sorbara comments: “ We were able to use the
short window of extra time not only to do some more stripping in a newly
uncovered zone, but we were also able to get three more till samples
south of the lake, between the West and East grids, where we have
several interesting IP anomalies along additional s hears. One of the till
samples is rusty and that could be very important as it may be related to a
nearby sulphide source. I am very curious to see i f it has pristine gold
grains. We will get the analyses as soon as possib le, but it may be a few
weeks.”
R.S. Middleton, P.Eng reports that “a limited numb er of samples have
been obtained including one with rusty, sandy till suggesting a nearby
sulphide source, related to one particular IP anomaly in the felsic tuff area.
Further geological mapping is underway to help iden tify the causes of
some of the IP anomalies, however the shears occur between outcrop and
overburden so are not very well exposed. Good acces s for the drill has
been located to test these zones.”
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Figure 2: IP anomalies and trend interpretation on Golden Goliath's Kwai property
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 NI43-101
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.
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To find out more about Golden Goliath visit our website at www.goldengoliath.com .