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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: GNG
Latest Price: 0.14  (-9.68% Descending)
52-week High: 0.45
52-week Low: 0.14
Market Cap: 12.91M
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Golden Goliath
www.goldengoliath.com

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.

Full Golden Goliath profile here
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Golden Goliath Resources secures contractor for 4,000m campaign at Las Bolas / Los Hilos

22nd Jun 2010, 2:31 pm
Golden Goliath Resources secures contractor for 4,000m campaign at Las Bolas / Los Hilos

Golden Goliath Resources (TSX-V:GNG, OTC:GGTH-F) is preparing for  4,000 metres of diamond drilling at the Las Bolas / Los Hilos property in the Uruachic mining district in north-western Mexico. The company confirmed that it has now secured a drilling contractor, which is currently mobilizing equipment to the site.

The company highlighted that it has been focused on the three main Las Bolas northeast trends as well as the newly-discovered north-south Filo de Oro trend in preparation for this drilling program.

“The upcoming drilling program is being designed to accomplish several objectives; to significantly increase the existing inferred resource, to substantiate the previously estimated potential target of the 12 known vein systems in the western portion of the property, to start to define a resource in and around the high grade Los Hilos workings and evaluate at depth the rapidly developing open pit potential of the Filo de Oro trend,” Golden Goliath stated.

Based on the work to date, Golden Goliath believes that Filo de Oro has two components, a large surface zone which may be over 1,120m in length, between 200 to 440 metres in width, and approximately 230 metres thick. The surface zone overlies near-vertical high-grade-vein feeder zones.

“The roughly north-south Filo de Oro trend is a topographic high located at the east end of the east-west Las Bolas, Frijolar and Corazon trends. These three east west trends host the other 12 known vein systems on the Las Bolas property and the main Las Bolas Mine workings which were the focus of the NI 43-101 report completed last fall.”

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