- G0lden Goliath Resources (GNG) is updating exploration progress at the company’s Wish Ore Property near Batchewana Bay, Ontario
- An airborne geophysics programme has now been carried out, but to date the company has not yet received the data
- The Vancouver company began a multi-faceted exploration program on the property in the spring
- Mapping indicates the known mineralization on the Wish Ore property is localized within a one-kilometre-wide corridor hosting high strain zones
- Golden Goliath Resources is down 10.00 per cent, trading at $0.045 at 9:33 am ET
G0lden Goliath Resources (GNG) is updating exploration progress at the company’s Wish Ore Property near Batchewana Bay, Ontario.
An airborne geophysics programme has now been carried out, but to date the company has not yet received the data.
The Vancouver-based mineral exploration company began a multi-faceted exploration program on the property in the spring.
The program included detailed geological and structural mapping and sampling, a LIDAR survey to provide an accurate digital elevation model as well as an airborne Mag and VLF survey over the entire property to unify the data from different parts of the property and aid interpretation.
Several new shear zones were discovered on the property between 2013 and 2016.
Golden Goliath optioned the property in early 2019 and conducted a small program of trenching and geophysics. Due to the pandemic the only work completed on the property in 2020 was a focused soil sample program over IP anomalies identified in 2019. The soil sampling program confirmed anomalous gold values associated with chargeability highs.
A geological structural mapping project was completed in May, 2021.
The mapping project indicates the known mineralization on the Wish Ore property is localized within a one-kilometre-wide corridor hosting high strain zones running roughly east west.
Of the 22 rock samples collected in the course of the 2021 mapping nine returned anomalous gold values with a high value of 698 ppb.
“The Wish Ore property shows a lot of potential with a large alteration system hosting numerous surface gold showings. The only drilling was very limited and was done decades ago on the west side of the property. Our work over the past two years pieced together old data with new and enhanced the property.
Once we have the airborne Mag and VLF survey data compiled with the geological and structural mapping, the work done this Spring and Summer will bring it together. The airborne geophysics is a very important piece of the puzzle and we are frustrated that it is taking so long to get the data as we are anxious to spot drill holes for the next step,” said Golden Goliath CEO Paul Sorbara.
Golden Goliath Resources is down 10.00 per cent, trading at $0.045 at 9:33 am ET.