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Market: TSX
Sector: Gold Mining
Epic: .GNG
News: Latest news
Web Site: Golden Goliath
Other Articles: 03-02-201022-01-201029-12-2009

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Golden Goliath

Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Company is focused on exploring and developing the gold and silver potential of an historic mining camp located in the world famous Sierra Madre Occidental Mountains of northwestern Mexico. Unlike most juniors, which have an option to earn an interest in a single property or a few scattered properties in various areas or countries, Golden Goliath controls an entire old mining camp, or district, that covers an area of 15 by 25 kilometres, with numerous past producing gold and silver mines dating back to the time of the Spaniards. Golden Goliath’s Uruachic claims are owned 100% by the Company and are fully paid for with no property option or purchase payments to make.

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Friday, April 03, 2009

Golden Goliath says work at Las Bolas expands zones of known mineralisation

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Golden Goliath Resources Ltd said ongoing field work at the Las Bolas silver/old project within its 100 percent owned Uruachic Camp property in Chihuahua, Mexico, is making good progress in expanding the zones of known mineralization in that target area.

Recent work to the northeast of the main Las Bolas area has uncovered a new area with the potential of significant additional mineralization. This area, located about 1,350 metres northeast of the entrance to the old Las Bolas mine tunnel, hosts strong structural characteristics and at least four previously worked underground tunnels, the company said.

Field work is planned to commence shortly in this newly discovered zone as none of these tunnels have previously been sampled and mapped.

The current mapping and sampling program being conducted at Las Bolas tested the Frijolar structure 600 metres away from the known mineralization, and has found anomalous silver and gold values which demonstrate potential for finding additional, high grade precious metal mineralization along the northeast extension of the Frijolar structure.  More work is planned for this area in the near future.

Golden Goliath is proceeding with its work to complete and publish a mineral inventory of select exploration targets within the Uruachic Camp prospect area, in accordance with NI 43-101 standards. Assays should be available soon.


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