- Golden Goliath (GNG) has identified high-priority exploration targets on its Wish Ore Property in Ontario
- The company will follow up on 19 areas of interest and is now working on an exploration plan to begin its testing program
- Its previous work on the property showed widespread gold mineralization
- Golden Goliath Resources is focused on exploring and developing gold and silver properties in Mexico and in Ontario’s Red Lake District
- Golden Goliath (GNG) closed unchanged trading at $0.055 per share
Golden Goliath (GNG) has identified high-priority exploration targets on its Wish Ore Property in Ontario.
The targets stem from an interpretation of an airborne geophysics survey flown over the project last season.
The company will follow up on 19 areas of interest.
Areas #4 and #8 are adjacent to known gold mineralization on the property at the Trench Zone and the New Zone, respectively.
Areas #1 and #15 show large-scale potential associated with a 700 m zone of interpreted flexure along the Carp River Fault and the intersection of a northwest-trending structure.
Area #13 is also near the junction of the Carp River Fault and a northwest-trending structure. Prospecting in 2019 identified large angular mineralized boulders 200 m down ice southwest of this anomaly.
Area #7, in the underexplored southwest end, consists of an anomalous northwest-trending mag low which cuts three east-west trending mag highs. The mag low is associated with VLF conductors and interpreted structures. The company interprets it to represent an area of alteration where magnetic minerals were destroyed by the alteration, which is similar to areas of intense quartz-carbonate alteration elsewhere on the property.
The company is now working on an exploration plan to test these targets.
“Our previous work on this property has shown widespread gold mineralization,” stated J. Paul Sorbara, Golden Goliath’s CEO. “This new geophysics gives us the tools to focus our search on some very exciting targets.”
Golden Goliath Resources is focused on exploring and developing gold and silver properties in Mexico and in Ontario’s Red Lake District.
Golden Goliath (GNG) closed unchanged trading at $0.055 per share.