Rock Sampling, Geophysics and Mapping at Wish Ore Defines Widespread Gold Mineralization and Open-Ended Trends. Additional Claims added to property
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www.goldengoliath.com
Rock Sampling, Geophysics and Mapping at Wish Ore
Defines Widespread Gold Mineralization and Open-Ended
Trends. Additional Claims added to property
Vancouver, October 9, 2019 Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F)
Results from the recent rock sampling, geophysical surveying and mapping programs at
the Wish Ore property have shown that gold mineralization is widespread, open and
may be related to breaks in an important contact defined by magnetics.
The Wish Ore project is hosted by an altered and structurally complex section of the
under explored metal-bearing Archean-aged Batchewana Greenstone Belt.
Compilation of regional and local magnetic data shows breaks in the northeast trending
zone that are associated with higher grade gold values. Final results from more detailed
ground magnetic surveys conducted by the Company are still pending.
Wish Ore Continued Mineralization and Additional Claims
Figure 1: Wish Ore Property showing new East extension and mineralized zone.
The break in the magnetics corresponds to the northwest trending structures that cut
the contact of an iron formation unit to the north and the mafic to felsic tuffs. This
contact appears to be the focus of the main east-northeast trending shear zone that has
been shown to host the intense iron quartz carbonate alteration that is associated with
the gold mineralization. The contact, associated shearing and intense alteration has
been traced for over 6 kilometres on the property.
Figure 2: New Extension covers continued mineralization and a significant break in the aero-magnetic data.
Significant gold results include previously released grab samples of 25.57, 17.10, 13.73,
and 12.24 g/t and channel samples 4.27 g/t over 3 meters including 9.05 over 1 meter,
9.14 g/t over 0.6 meters. New results from recent sampling include 3.83 g/t over 0.5
meters and 1.52 over 0.8 meters.
As a result of this work the Company has added an additional 25 cell claims to the Wish
Ore property. The new claims cover the eastern extension of the mineralized trend and
a significant break in the regional magnetics data.
A new discovery of mineralized boulders on the trend between the New Zone and the
Trench Zone returned values over 0.5 g/t demonstrating a continuation of mineralization
along the trend.
Figure 3: Mineralized Boulders demonstrating continued mineralization
The 6 kilometre long contact, which is associated with shearing and intense alteration ,
appears to be the focus of the main east -northeast trending shear zone that has been
shown to host the intense iron quartz carbonate alteration that is associated with the
gold mineralization. Significant gold results include previously released grab samples of
25.57, 17.10, 13.73, and 12.24 g/t and channel samples 4.27 g/t over 3 meters including
9.05 over 1 meter , 9.14 g/t over 0.6 meters. New results from recent sampling include
3.83 g/t over 0.5 meters and 1.52 over 0.8 meters . A new discovery of mineralized
boulders on the trend between the New Zone and the Trench Zone returned values over
0.5 g/t demonstrating a continuation of mineralization along the trend.
Figure 4: Loydex mineralization with gold values
Golden Goliath has also completed an IP survey over two focused grids 3 kilometers
apart along the trend ( GNG Sept 4th News Release ). Ground follow -up, prospecting
and mapping of the strong IP anomalies will be planned as soon as the r esults of the
detailed ground magnetic survey over the grids has been received and assessed.
Golden Goliath CEO Paul Sorbara says, "Our new discoveries on the Wish Ore property
have extended the area of known gold mineralization to approximately 6 kilometers
along strike. Although the western Loydex showing was not found to be high grade
(1.52 g/t gold over 0.8 meters), the abundance of lower grade channel samples is very
encouraging and averaged 0.42 g/t gold in 20 channel samples on the showing. It is
also very important that the mineralized, newly stripped zone is open in all directions.
Similarly, the mineralized boulders on the east side of the property were found 400
meters apart indicating the possibility of a widespread source of the mineral ization. I am
very encouraged by these latest results.”
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 responsibility for the
adequacy or accuracy of this release.