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Golden Goliath Resources Ltd V.GNG

Alternate Symbol(s):  GGTHF

Golden Goliath Resources Ltd. is a Canada-based junior exploration company. The Company is focused on exploring and developing the gold and silver potential of properties in the Red Lake District of Ontario. The Company’s Canada properties include Quebec, and Wish Ore. Queb includes 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. The Wish Ore Property is located 60 kilometers north of Sault Ste Marie.


TSXV:GNG - Post by User

Comment by JPSPRESon Feb 08, 2013 4:40pm
371 Views
Post# 20961246

RE: RE: RE: drill results in news release

RE: RE: RE: drill results in news release

 

1 to 10, based on what?  The results are not high grade, but that is not what is important.  What is improtant is that they found significant mineralization in 8 new areas and they are encouraged to keep on going.  Most investors want to see some high grade number, even though they have no idea of what it means. If they had one narrow high grade intersection perhaps uneducated investors would like the number, but I would guess that AEM would have dropped the option.  Agnico liked the results enough to spend more money.  Perhaps investors should follow their lead, but some will think they understand the potential better than AEM does. One high grade number and they walk => 1 out of 10, 8 out of ten new lwer grade zones and they continue => 7 out of 10.  That is my opinion.

JPS

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