Press Golden Goliath Sells Mexican Exploration Assets
Vancouver, October 28, 2024, Golden Goliath Resources Ltd. (TSX.V GNG) (US: GGTH-F) (Frankfurt: GGZ)
Golden Goliath Resources Ltd. (“Golden Goliath”) is pleased to report that it has sold its remaining Mexican exploration assets to a subsidiary of Fresnillo plc. Various concessions were sold for USD$75,000, half paid on signing and the balance to be paid when registered with the Mexican authorities. Further, various royalties were sold for USD$25,000. In addition, Golden Goliath has agreed to sell to Fresnillo plc certain additional concessions for USD$50,000, upon completion of certain conditions.
Golden Goliath CEO Paul Sorbara said; “Golden Goliath is focussed on the exploration of its two 100% owned gold properties in Ontario; Wish Ore, near Sault Ste Marie, and our Dixie Road project, located just south of the Kinross Great Bear deposit south of Red Lake. Golden Goliath also has four REE projects in Quebec. We are reducing carrying costs and gaining working capital by divesting of our assets in Mexico.