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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 hammer161on Jul 30, 2016 4:59pm
126 Views
Post# 25098617

RE:RE:RE:RE:RE:RE:RE:looking good

RE:RE:RE:RE:RE:RE:RE:looking good
Bruceman - it does not take a lot to search for press releases, technical reports and the like to determine what a complany has, or has not. There is a lot lacking from on the GNG website. Check out this release from 2013 where it reports Agnico terminating its option. I can't find it on their website but it is on Sedar. Also not ethat back then ther were cointiniuing with their work on the San Martin adit - they are still there. Interestingly if you look at the website for the Los bolas project it does not evenmention the Agnico work but conveniently refers to the early work and the 2009 technical report. Don't you think 20 holes totallling ~3800 metres over two years is worth reporting? Vancouver, Canada, August 26, 2013 - Golden Goliath Resources Ltd. (TSX.V:GNG) (US:GGTH-F) The Company has received the final report from Agnico Eagle Mines Limited on their 2013 drilling program on the Las Bolas/ Los Hilos property. The diamond drill program was carried out between May 5th and May 26th, 2013, and totaled 930 meters in 10 holes; from which 992 core samples were obtained and sent to ALS Chemex laboratory for assaying. Five of these drill holes aimed to test the El Orito area, three drill holes were located at Los Hilos area and two drill holes were located at Las Bolas-El Gambusino area. The program aimed to test mineralized structures including veins, stockwork zones, faults and fractures parallel to known mineralized structural trends. Most of the drill holes encountered altered and broken rock and some anomalous gold values, and one hole, drilled in the El Orito Zone near Los Hilos, returned a significant intersection (1.0 m @ 10.7 gm/tonne gold and 38.0 gm/tonne silver. The Company has been informed that Agnico Eagle Mines Limited has elected to terminate the agreement and all technical information is being delivered to the Company. The Company believes that the Los Hilos District still offers the opportunity for gold mineralization throughout the project area which includes gold bearing quartz stockwork zones, strongly silicified zones, strong fracture zones hosting iron-manganese oxides, plus, numerous known mineral occurrences within small-scale mine workings. Los Hilos, Las Bolas and El Gambusino mines show considerable historical mine development. Management believes that there is still very substantial untested potential on the large Las Bolas/ Los Hilos property and will be looking at other avenues to further advance the property. Meanwhile, the Company has been continuing its work within the San Martin tunnel on the San Timoteo property. Recent rehabilitation work has opened 4 new levels in addition to the original adit and level and assay plans are currently being prepared for release. The Company is pleased with the expansion and assay results to date and will be reporting the exploration results shortly.
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