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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.

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Golden Goliath expands mineralization at Las Bolas-Los Hilos project in Mexico

2nd Nov 2010, 6:16 pm
Golden Goliath expands mineralization at Las Bolas-Los Hilos project in Mexico

Junior explorer Golden Goliath Resources (TSX-V: GNG) said Tuesday it received results for six drill holes on its Las Bolas-Los Hilos project in northwestern Mexico, with one hole returning 44.25 metres of 72g/t silver and 0.75g/t gold.

The drill intersection is from the Orito zone, a new discovery found through surface mapping and sampling during this year's exploration program. Two drill holes 100m apart were planned to test the continuity of mineralization at depth. The other hole, LH-15, intersected 51.85 metres of 42g/t silver and 0.41 g/t gold.

The company said that the continuity of the mineralization at surface and at depth, combined with it being open in all directions and its proximity to other known mineralized zones, is encouraging.

At Filo de Oro North zone, also a new discovery, one drill hole 100m step out to the north drilled a wide zone of near surface gold-silver mineralization, Golden Goliath said, increasing the strike length of this zone to 1380m.

"The newly discovered zones, with very good, near surface gold-silver grades over large intervals certainly substantiate the company's goal to establish a large open pit-able gold and silver resource," said president and CEO Paul Sorbara.

"Several drill holes have also ended in mineralization, clearly indicating that it is open to depth."

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