Golden Goliath Stakes Three Rare Earth Element Prospects In Quebec
Vancouver, June 5, 2023, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F) (Frankfurt: GGZ)
Golden Goliath Resources is pleased to announce that they have expanded their Manicouagan critical minerals rare earth elements project in Quebec.
In addition to the Ernest prospect that was acquired by option during the winter (See News Release March 2, 2023). Golden Goliath has now staked 3 other prospects; Victory 21, Bedard, and Citadelle all with promising geology and anomalous Rare Earth Element values in lake sediments and limited rock sampling. All four properties are within 50 km of the Manicouagan impact crater which may have some relation to the anomalous Rare Earth Element values.
Along with highly prospective metamorphic and igneous complexes our Manicouagan project has excellentinfrastructure with hydro power facilities and access with highway 389 splitting the properties and secondary access provided by recent forestry activities.
Figure 1: Manicouagan Project
The anomalous values are from lake sediment sampling and limited rock sampling conducted by the Ministere des Ressources Naturelles. The properties cover areas with anomalous values in key REEs; Cerium, Lantanum, Neodymium, Praseodymium, Vanadium, and Rubidium. Many of the other REEs show elevated values.
The properties are all underlain by metamorphic and intrusive complexes of the Grenville geological province. The Bedard and Citadelle prospects are also associated with circular magnetic features which may also be related to the anomalous REE values.
Figure 2&3: Citadelle Prospect (Left) and Bedard Prospect (Right)
Our exploration approach will focus on geological mapping, rock and till sampling followed by geophysics.
Golden Goliath CEO Paul Sorbara said, “I am very excited about our Manicouagan project. Three more 100% owned REE properties in addition to the option to earn 100% in the Ernest property puts the Company in an excellent position. In spite of the highly anomalous values this area is underexplored with the increasing importance of critical minerals such as REEs we are confident we will lead the way in making new REE discoveries in this promising region.”
This news release has been reviewed by Gordon MacKay, P.Geo., who is acting as QP under the NI 43-101 requirements.
On behalf of the Board of Directors
Paul Sorbara, MSc, PGeo
CEO, Golden Goliath Resources Ltd.