- Golden Goliath Resources (GNG) has started a new phase of exploration on its Wish Ore Property in Northern Ontario
- Work will followup on 2021 exploration, which included an airborne Mag and VLF-EM survey
- The company previously identified 19 priority targets with VLF and mag anomalies
- Two of the anomalies are located adjacent to known gold mineralization on the property
- Golden Goliath Resources is up 14.29 percent, trading at $0.04 at 1:08 pm ET
Golden Goliath Resources (GNG) has started a new phase of exploration on its Wish Ore Property in Northern Ontario.
The Vancouver-based company owns a 100-percent interest in the property, located in the Batchewana Bay area between Sault Ste Marie and Wawa Ontario.
Crews are already on site, and will followup on 2021 exploration work. That work included an airborne Mag and VLF-EM survey.
The junior mineral explorer previously identified 19 priority targets with VLF and mag anomalies within the Batchewana Greenstone Belt, within the Carp River fault system and adjacent to it on the south side. The targets are in a broad zone of high strain associated with previously-discovered showings.
Two of the anomalies are located adjacent to known gold mineralization on the property at the Trench Zone and the New Zone.
The company continues to view the southwest end of the property as underexplored.
“The Wish Ore property hosts widespread surface gold mineralization hosted in a very large carbonate alteration zone. The current program is designed to add to our knowledge of this underexplored property and generate targets for follow up work including IP and drilling,” said Golden Goliath CEO Paul Sorbara.
Golden Goliath Resources is up 14.29 percent, trading at $0.04 at 1:08 pm ET.