Source: Golden Goliath Resources Ltd.
  • Golden Goliath Resources (GNG) has completed drilling holes at its Wish Ore Project
  • The preliminary drill program saw four diamond drill holes totalling 583 metres, targeting two main showings and IP chargeability with coincident gold geochemical anomalies near the showings
  • The company needed to get a better understanding of the mineralization, geology, structure, and alteration associated with the known gold values
  • Golden Goliath Resources Ltd. (GNG) was down 20 per cent at $0.02 per share as of 3:45 pm ET

Golden Goliath Resources (GNG) has completed drilling holes at its Wish Ore Project.

The preliminary drill program saw four diamond drill holes totalling 583 metres, targeting two main showings and IP chargeability with coincident gold geochemical anomalies near the showings.

The company needed to get a better understanding of the mineralization, geology, structure, and alteration associated with the known gold values.

Highlights:

  • W22-04 was drilled for 111 metres in a broad area of quartz-carbonate alteration with anomalous gold values of up to 0.5 grams per tonne (gpt) over 2 metres
  • W22-03 was drilled for 170 metres, targeted on an IP chargeability anomaly with coincident gold in soil anomalies
  • W22-02 was drilled for 101 metres targeting the New Zone trench that had returned channel sample results of 4.28 gpt gold over 3 metres, including 1 metre of 9.05 gpt gold within a larger area of anomalous gold results
  • W22-01 was drilled for 201 metres and targeted an IP chargeability anomaly coincident with anomalous gold, arsenic, and copper

Samples from Hole 1 have been sent to the laboratory, but core from the other holes is still being logged and sampled

CEO Paul Sorbara was pleased with the core he saw and is hopeful for the results.

“This is an intriguing property with a lot of good structure and alteration over a large area with good 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.”

Source: Golden Goliath Resources Ltd.

The company is seeking permitting for a potential winter geophysics program to better refine the possible source of the mineralized boulders along the trend north of Crack Mouse Lake.

Wish Ore is 100-per-cent-owned by Golden Goliath and is located 12 kilometres from the Trans-Canada Highway north of Sault Ste Marie, Ontario.

Golden Goliath Resources Ltd. is a junior exploration company focused on exploring and developing the gold and silver potential of properties in the Red Lake District of Ontario.

Golden Goliath Resources Ltd. (GNG) was down 20 per cent at $0.02 per share as of 3:45 pm ET.


More From The Market Online
BriaCell Therapeutics Corp

BriaCell to report positive cancer research at medical convention

BriaCell Therapeutics (TSX:BCT) will present positive clinical data of Bria-IMT at the 2024 American Society of Clinical Oncology in Chicago.

Three junior copper stocks for the long run

Copper demand has pushed prices to their highest level since 2022, shedding light on steep undervaluation in the junior mining space.

Despite cybersecurity breach, Mainstreet Equity stock is a buy

Mainstreet Equity (TSX:MEQ), a highly profitable property manager with almost 18,000 units, suffered a cybersecurity breach on Tuesday.

@ the Bell: TSX gains on latest economic report

Mining stocks led gainers on the TSX, followed by the financial sector, while the telecom market was the biggest decliner.