- Golden Goliath Resources (GNG) has begun work on its Wish Ore project
- The purpose of this drill program is to do a preliminary test of the known showings to get a better understanding of the mineralization, geology, structure, and alteration associated with the known gold values
- The program will target the two main showings on the property and IP chargeability with coincident gold geochemical anomalies near the showings
- Golden Goliath Resources Ltd. was down 20 per cent, trading at $0.02 a share at 12:45 pm ET
Golden Goliath Resources (GNG) has begun work on its Wish Ore project.
Crews building access and drill pads are now on the site.
The purpose of this drill program is to do a preliminary test of the known showings to get a better understanding of the mineralization, geology, structure, and alteration associated with the known gold values.
The planned preliminary drill program on the project will consist of five drill holes totalling 600 metres. The program will target the two main showings on the property and IP chargeability with coincident gold geochemical anomalies near the showings.
The first target will focus on the New Zone trench that returned channel sample results of 4.28 grams per tonne of gold over 3 metres within a larger area of anomalous gold results. The second target will assess IP chargeability anomaly, which is coincident with anomalous gold, arsenic, and copper in the soil, while the third will focus on the Trench Zone, a broad area of quartz-carbonate alteration with anomalous gold values of up to 0.5 grams per tonne over 2 metres, the fourth will focus on an IP chargeability anomaly with coincident gold in soil anomalies, and the fifth will target an area of mineralized boulders discovered by prospecting, approximately half-way between the New Zone and the Trench Zone along the trend.
Golden Goliath’s CEO Paul Sorbara called this an intriguing property with a lot of stable structure and alteration over a large area with solid gold values on surface.
“Our strategy now is to learn what we can about the known areas of significant mineralization and then use that information to build our plan to test the impressive potential of this property.”
Golden Goliath (GNG) is a junior exploration company focused on exploring and developing gold and silver properties in the Red Lake District of Ontario.
Golden Goliath Resources Ltd. (GNG) was down 20 per cent, trading at $0.02 a share at 12:45 pm ET.