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Golden Goliath Resources Ltd V.GNG

Alternate Symbol(s):  GGTHF

Golden Goliath Resources Ltd. is a Canada-based junior exploration company. The Company is focused on exploring and developing about four rare earth element properties in Quebec and two gold properties in the Red Lake and Sault Ste. Marie Mining Districts of Ontario. It 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 seven other nearby properties. The four rare earth element properties in Quebec include Victory 21 Property, Citadell Property, Bedard Property, and Ernest Property. The Victory 21 Property includes about 18 map claims, 10 pending claims over 1200 hectares. The Citadell Property, Bedard Property and Ernest Property are located in Central Quebec, stable modern mining jurisdiction, which includes about 24, 22, and 34 map claims. Its Wish Ore Property is located 60 kilometers north of Sault Ste Marie. Its other properties include the Kwai Property and SLF Property.


TSXV:GNG - Post by User

Comment by Go4Shinyon Nov 21, 2006 10:29pm
163 Views
Post# 11725994

RE: gng's management

RE: gng's managementI'm no geologist but I think comparing the Red Lake district in Ontario to GNG's properties is like apples to oranges. JPSPRES can correct me if I'm wrong. If you want a better comparison try Alamos Gold (AGI) and their Mulatos deposit, one of GNG's neighbors to the north in the Sierra Madre belt. You might not think an average 1.637 g/t Au is exciting but when there's enough of it and it's practically a hill top (shallow drilling) it's plenty feasible and does wonders for a share price (just under $10 / share today.) More details and pictures at alamosgold.com if you want them. GNG's last drill results included 5.3m of 1.47 g/t Au + 103.66 g/t Ag so under the right circumstances we could be on the right track.
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