RE: RE: RE: RE: RE: RE: NO OPTIONS During the 12 years sicnce Golden Goliath was financed and started trading we have been exploring a district, and not just a single property. During that period we have evaluated 7 properties with geological mapping, geochemical surveys, geopysical surveys and in most cases preliminary reverse circulation drilling. That work has resulted in the signing of two joint venture agreements, where other companies are now spending their money to advance the properties (Las Bolas and Corona) and the identification of a potentially world class target at Nopalera. In addition, during this period, a major company has discovered a world class deposit (ie 10 mill oz of gold or better) adjacent to Nopalera at Orisyvo.
To have brought 7 grass roots properties within an essentially unknown mining district to their current state in 12 years, with a truly exciting prospect waiting to be drilled, along with a world class discovery by a major company with an essentially unlimited budget, and the recognition by other intermediate and major companies of the impostance of the Uruachic district,is an accomplishment that deserves recognition.
The vast majority of mines in North America had many many, years of exploration, usually by various companies, before any production decision was taken. Golden Goliath has transformed the formerly sleepy Uruachic district into a major exploration center with new highways and bridges under construction by the government. I am proud of what we have done so far and those who understand the mining exploration time frame and the potential that we have would agree.