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Additional Information
Market: TSX-V
Sector: Gold Mining
EPIC: GNG
Latest Price: 0.24  (-14.29% Descending)
52-week High: 0.61
52-week Low: 0.19
Market Cap: 22.13M
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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.

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Golden Goliath says exploration at Las Bolas in Mexico finds new prospect zone

22nd Jan 2009, 12:00 am by Andre Lamberti
Golden Goliath says exploration at Las Bolas in Mexico finds new prospect zone
Golden Goliath Resources Ltd said exploration at the Las Bolas project in Mexico during November and December 2008 has discovered a new prospect zone. Las Bolas II is believed to be similar in geological characteristics to the company’s Las Bolas-Gambusino area, which is located some 500 metres to the southwest.

The mineralization found in the new area has been mapped to date over a 300 metres length and is open in two directions. Field work is currently continuing in this area in order to get a better understanding of its size potential. Preliminary grab samples of the mineralized structures has returned assays of up to 23 grams per tonne silver and 0.13 grams per tonne gold.

The company also announced additional assay results from recent drilling at Las Bolas.
Highlights of this new set of assays include a 7.22 meter section from drill hole BDD-08-20 grading 224 grams per tonne silver and 0.10 grams per tonne gold. In addition, a 0.72 meter section from drill hole BDD-08-24 assayed at 429 grams per tonne silver and 0.10 grams per tonne gold.
 
Commenting on this latest round of assay results chief executive Paul Sorbara said: “We continue to be extremely pleased with drill results from our Las Bolas project. Las Bolas is quickly proving to be one of our most significant precious metal targets within the Uruachic Camp, along with San Timoteo.

“We are also very encouraged by the fact that some of the drill holes in this latest round have intersected very good grade mineralization in the same zones that were drilled in 2003-2004 by reverse circulation which returned significantly lower grades, thus
confirming our hypothesis that these earlier RC results were misleading and had lost
some important mineralization.”

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