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Proactive Investors NA - Golden Goliath reports more encouraging gold and silver results from Las Bolas, Mexico

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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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Thursday, June 04, 2009

Golden Goliath reports more encouraging gold and silver results from Las Bolas, Mexico

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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.

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