Golden Goliath Resources Ltd V.GNG

Alternate Symbol(s): GGTHF

Metals & Mining Gold

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.

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Golden Goliath Resources Ltd

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Comment by deeperiniton Mar 18, 2005 9:38am

301 Views

Post# 8773088

RE: Question For GNG Forum

Sadly, the drilling contractor probably used their worst drill fleet on the los bolas property, and that's why the recovery rates were so low. Let's not forget the last drill program was small in comparison to some the larger companies poking dozens of holes. I was informed at PDAC that for the next round of drilling, GNG will try to sign a contract where a certain % has to be recovered or the drilling contractor will pay a penalty. Let us hope we don't repeat...

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