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Vancouver, March 4, 2021, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZ)

Golden Goliath Resources is pleased to report that the IP survey run from the frozen surface of Beauregard Lake has now been completed after experiencing delays due to -40 C temperatures. A new set of IP anomalies has been discovered along the north edge of the lake following the Pakwash Fault trend. These are stronger than all previous anomalies.  They sit in a unique resistivity setting totally different than any previous anomaly seen along the fault. This particular set of anomalies can be reached by drilling from shore as they are within 50m of the north shore of the lake (Fig 2), and occur on lines 1400E, 1600E, 1800E and 2000E along the north shore of the lake.

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Vancouver, February 16, 2021, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZ)

Golden Goliath Resources has been carrying out a number of exploration approaches on the Kwai property in Red Lake this winter. This includes IP surveys on the ice of Beauregard Lake, lake sediment sampling of the lake bottom and drilling east of the lake on the strongest IP anomalies found to date on the property. Although the IP survey on the lake ice is not yet completed, one of the newest discoveries has been IP anomalies found within the felsic tuff volcanic sediment sequence seen outcropping on the shore of Beauregard Lake. These rocks have not been encountered in any previous drilling but may be the equivalent of the felsic volcanics and sediments found to the north on the Great Bear Dixie property. Two IP trends have been found so far in the lake IP survey. One follows the anomalies along the Pakwash Fault and the other is located in the felsic tuffs on the south shore of the lake. Both of these anomaly trends can be reached by drilling from the shore with each trend being in the order of 50m from shore. Permits to drill from the ice have also been received as well as from sites along the shore line giving flexibility on how to test these zones. IP surveying will continue on six more lines later this week after temperatures return to more normal levels and the machinery, instruments and people work better.

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Vancouver, February 4, 2021, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZ)

 

  • STRONG IP ANOMALIES CONFIRMED BY INITIAL DRILLING

 

Golden Goliath Resources Ltd. has now resumed drilling on its Kwai property in the Red Lake District, northwest Ontario. The drill is currently completing the first hole of the 2021 session, which is the 15th hole of the entire program. This drill hole (K21-15), located on Line 4900E (Figure2), is one of many that will test the strongest IP anomalies on the East Grid, which lie just south of the Pakwash Fault.  

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Vancouver, January 7, 2021, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZ)

Golden Goliath Resources Ltd. is pleased to announce the resumption of exploration on its Kwai project in the Red Lake district of Ontario.  The Kwai project covers a 10 km section of the Pakwash fault south of Red Lake, adjoining the Dixie Lake area currently being explored by Great Bear Resources and BTU Metals.  A new road that links the East Grid to the South Dixie road (new GNG access road) has been completed and will be plowed immediately to allow access for the geophysical crew who will survey Beauregard Lake with IP- Resistivity starting January 10th. This grid will cover a 2 km section of the Pakwash Fault covered by the lake in an area thought to be one of the sources for gold grains in the tills on the West Grid. Splay faults crossing beneath the lake will also be surveyed (Figure 2).

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Vancouver, December 21, 2020, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZ)

Golden Goliath Resources Ltd. has received all of the multi element analysis for 41 elements obtained in 11 drill holes that have penetrated the Pakwash Fault on the west grid. Additional data is still being generated from three holes on the south trend of IP anomalies and a parallel fault structure to the south. A total of four holes have been collared on the South Trend of the West Grid and two of those holes reached the Pakwash Break near the end of the hole. Gold values in the drill holes so far, (Figure 2), including the four holes (K20-11 to K20-14) collared on the South Trend, have not reached anomalous levels above 50 ppb Au. However, elements often associated with gold such as tellurium, bismuth, and silver are suggesting mineralizing fluids have passed along the Pakwash shear and are associated with pyrite, sericite alteration and potassic alteration found in the Pakwash Fault. A pattern has emerged suggesting exploration needs to be directed eastward through Beauregard Lake in keeping with the gold grain evidence from the till samples that points to an eastern source for the gold grains (Figures 3 and 4).  The four South Trend holes are in the most southwest part of the property.