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Golden Goliath (TSXV:GNG) reports fire at Wish Ore core processing facility

Market News, Mining
TSXV:GNG
09 December 2022 12:45 (EDT)

Source: Golden Goliath Resources.

Golden Goliath (GNG) reports no injuries following a fire at its Wish Ore core processing facility.

An overnight fire on a neighbouring property destroyed the core logging facility for the preliminary drill program at the company’s Wish Ore Project north of Sault Ste. Marie, Ontario.

Source: Golden Goliath Resources.

The company recovered the core from W22-02, which had already been logged and photographed, and transported it to a facility in Sudbury for reassembly.

The program’s additional three drill holes were not in the core facility and were unaffected by the fire.

“We are very thankful that no one was injured in the fire and that we had finished logging and photographing W22-02 prior to the fire,” stated Paul Sorbara, Golden Goliath’s CEO. “While any results from that hole will have an asterisk beside them, due to the nature of the hole as a preliminary test, I am sure we will be able to reassemble enough of the hole to be confident of the results.”

Golden Goliath Resources is focused on exploring and developing the gold and silver potential of Ontario’s Red Lake District. The company also holds a 100-per-cent interest in the San Timoteo Property in Mexico’s Sierra Madre Occidental Mountains, as well as NSR royalties on several other nearby properties.

Golden Goliath (GNG) is unchanged, trading at $0.025 per share as of 11:59 am ET.


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