RE: RE: Ceiling?Why would you pump CAJ here? GNG has some great backing, for instance sprott! They have to make their money back somehow after this horrid correction.
https://www.goldengoliath.com/
Vancouver, Canada, July 21, 2010 - Golden Goliath Resources Ltd. (TSX.V:GNG) (US:GGTH-F) For immediate release
Golden Goliath Resources Ltd. is pleased to announce that the diamonddrill program on its Las Bolas - Los Hilos project has started. Thedrill started turning on July 13th and the second drill hole iscurrently underway. Assays will be released in a timely manner oncethey are received. The Company has signed a minimum 4,000 m drillcontract with all 4,000m allocated for surface drill targets, including,Filo de Oro, Los Hilos, Las Bolas-Gambusino, Frijolar, Corazon andProvidencia. Underground diamond drilling is currently planned tofollow the surface drilling with a separate contract. The drillingprogram has been designed to accomplish several objectives; tosignificantly increase the existing inferred resource, to substantiatethe previously estimated potential target of the 12 known vein systemsin the western portion of the property, to start to define a resource inand around the high grade Los Hilos workings and evaluate at depth therapidly developing open pit potential of the Filo de Oro trend.
Based on the Company's work, Filo de Oro has two components. A largesurface zone from 200 to 440 metres in width and approximately 230metres thick, overlies near-vertical high-grade-vein feeder zones thatare beneath and cut through the surface zone. The roughly north-southFilo de Oro trend is a topographic high located at the east end of theeast-west Las Bolas, Frijolar and Corazon trends. These three east westtrends host the other 12 known vein systems on the Las Bolas propertyand the main Las Bolas Mine workings which were the focus of the NI43-101 report completed last fall.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listedon the TSX Venture Exchange (symbol GNG). The Qualified Person who hasreviewed and approved this release is J. Paul Sorbara M.Sc., P.Geo. TheCompany is focused on exploring and developing the gold and silverpotential of an historic mining camp located in the world famous SierraMadre Occidental Mountains of northwestern Mexico. Golden Goliath’sUruachic claims are owned 100% by the Company and are fully paid forwith no property option or purchase payments to make.
FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.
J. Paul Sorbara, M.Sc., P.Geo
President & CEO
Phone: +1(604)-682-2950
Email: jps@goldengoliath.com
The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of this news release.