News - Golden Goliath resumes exploration...Golden Goliath resumes exploration at Uruachic
Golden Goliath Resources Ltd (C:GNG)
Shares Issued 42,283,561
Last Close 1/5/2007 $0.29
Monday January 08 2007 - News Release
Mr. Paul Sorbara reports
EXPLORATION RESUMES AT URUACHIC, DRILLING CONTRACT RECEIVED
Golden Goliath Resources Ltd. has resumed exploration activities at its Uruachic mining camp in northwestern Mexico. Underground sampling of the newly opened underground zones at Las Bolas is almost complete and samples should be on the way to the Chemex Laboratory by tomorrow, while detailed mapping and surveying are still under way. The new zones were first opened before Christmas and were made safe for entry over the holidays. Visible silver mineralization occurs over substantial lengths in some of these workings.
In addition, the geophysics crew has now mobilized to Las Bolas in order to complete the extension of the induced-polarization survey coverage westward to the old El Manto mine where favourable preliminary drill intersections were obtained last spring. The company is very pleased that it has now received a firm drilling proposal from a contractor with a large diamond drill rig that can complete the anticipated deep drill holes for this area. The company is currently reviewing the contract, which calls for drilling to start in February.
The drilling of the final short holes on the La Reforma property, just west of San Timoteo in the northern central part of the camp, is scheduled to resume in the next week. Final assay results for the last few holes at San Timoteo are also expected shortly.
The company is well financed for the upcoming work and looks forward to an aggressive and successful year of exploration for 2007.
© 2007 Canjex Publishing Ltd.