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Golden Goliath stakes three rare earth prospects in Québec

Market News, Mining
TSXV:GNG
05 June 2023 11:36 (EDT)

Source: Golden Goliath Resources Ltd.

Golden Goliath Resources (TSXV:GNG) has expanded its Manicouagan critical minerals rare earth elements project in Québec.

Golden Goliath has now staked three other prospects; Victory 21, Bedard, and Citadelle all with promising geology and anomalous rare earth element values in lake sediments and limited rock sampling.

All four properties are within 50 km of the Manicouagan impact crater, which the team believes may have some relation to the anomalous Rare Earth Element values.

Source: Golden Goliath Resources Ltd.

Golden Goliath CEO, Paul Sorbara, commented that three more 100 per-cent owned rare earth properties in addition to the option to earn 100 per cent in the Ernest property puts the company in an excellent position.

“In spite of the highly anomalous values this area is underexplored with the increasing importance of critical minerals such as rare earth elements we are confident we will lead the way in making new rare earth element discoveries in this promising region.”

The properties cover areas with anomalous values in key rare earths, such as: Cerium, Lantanum, Neodymium, Praseodymium, Vanadium, and Rubidium.

Golden Goliath Resources Ltd. 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. The Vancouver-based company recently signed an option agreement to acquire the Ernest rare earth element prospect in Québec. Click here to read more.

Golden Goliath Resources (GNG) opened trading at $0.10 per share.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

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