Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company 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.
Golden Goliath reports more encouraging gold and silver results from Las Bolas, Mexico
Golden Goliath Resources Ltd. (TSX-V: GNG) announced the receipt of further encouraging assays from the tunnel at the Las Bolas mine in Mexico.
Recent sampling from the furthest rehabilitated parts of the tunnel have returned more significant precious metal mineralization some 140 metres beyond the recently released data from Station 37, which included a 30.6 metres section with a weighted average of 4.70 grams per ton of gold and 485 g/t of silver.
In addition to underground sampling, encouraging preliminary surface assays have also been received from what may be a significant extension of the Las Bolas trend.
These new discoveries add significantly to the exploration potential and size of the Las Bolas-Gambusino gold/silver project, which has already been shown to host high grade precious metal discoveries.
Follow up field work around this new discovery including mapping and sampling is ongoing with preliminary assays across the structure returning 2 metres at 3.32 g/t gold and 16.9 g/t silver as well a 1 metre grading 8.55 g/t gold and 29.2 g/t silver.
Other Golden Goliath articles
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21/07/10 Golden Goliath: A Mining District of its Very Own
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22/01/09 Golden Goliath says exploration at Las Bolas in Mexico finds new prospect zone
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01/12/08 Golden Goliath's President, Paul Sorbara, Talks to Proactive Investors
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14/01/08 Golden Goliath Resources – An Emerging Mining Goliath in Mexico?
Other Golden Goliath news
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22/07/10 Golden Goliath starts drilling Las Bolas-Los Hilos gold project in Mexico
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22/06/10 Golden Goliath Resources secures contractor for 4,000m campaign at Las Bolas / Los Hilos
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11/02/10 Golden Goliath Resources closes C$2.9m placing to fund Las Bolas gold project
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03/02/10 Golden Goliath reports high grade gold and silver results from Las Bolas, says sampling confirms min
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22/01/10 Paul Sorbara of Golden Goliath Resources talks about gold and silver mining in Mexico
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29/12/09 Golden Goliath reports high grade results from Filo de Oro gold-silver trend assay, discovers another vein
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15/12/09 Golden Goliath confirms 11 silver-gold veins found to date at Las Bolas
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01/12/09 Golden Goliath Identifies New High Grade Gold and Silver Target Zone on Los Hilos Ridge
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19/11/09 Golden Goliath extends gold and silver zone of Los Hilos ridge at Las Bolas, Mexico
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27/10/09 Golden Goliath Identifies New Gold and Silver Mineralization At Las Bolas, Mexico
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