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Airborne Survey Identifies Multiple, Additional Target Structures on Kwai Project Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2020) - Golden Goliath Resources Ltd....
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Airborne Survey Identifies Multiple, Additional Target Structures on Kwai Project Red Lake, OntarioVancouver, British Columbia--(Newsfile Corp. - March 30, 2020) - Golden Goliath Resources Ltd. (TSXV: GNG ) (OTC: GGTHF) (FSE: GGZ)277 line km. airborne survey completed on the Golden Goliath, Kwai property located 15 km south of the Great Bear Resources, Dixie Property near Red Lake OntarioPreliminary evaluation of the survey has identified multiple structures on the property worthy of ground follow-up.Plans are to expand the test Induced Polarization surveys on the property and use till sampling to identify those structures with a greater gold potential in order to finalize drill targets.Golden Goliath Resources (the Company) is pleased to announce that the airborne VLF-EM and Magnetic survey on its Kwai property, located 15 km south of the Dixie Lake Project of Great Bear Resources in the Red Lake mining district of Ontario. The Company has an option to earn a 100% interest in the Kwai property. The airborne Geophysics contractor has completed a 277 Line Kilometer airborne survey over the Kwai property, which covers 4450 Ha (44.5 sq. km.) and hosts parallel structures similar to those found to the north in the Dixie Lake Area. The Kwai property covers 10 kilometers of a major break called the Pakwash Fault, which is part of a network of deep-seated faults in the Red Lake Camp that are correlated with the trends hosting the major gold deposits. These faults have been identified by a government seismic program carried out in the Red Lake Area as part of the government funded Lithoprobe Project.Figure 1 Red Lake District Properties including the Kwai and SLF properties of Golden GoliathTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4761/53912_cd70ab4524c1c8b7_002full.jpgA preliminary evaluation of the airborne survey data by R. S. Middleton P.Eng, has identified multiple shear zones, parallel to and associated with, the Pakwash Fault. Total Field Magnetics, Vertical Derivatives and three directional VLF-EM surveys were utilized to identify the potential gold bearing structures. Final products of the survey and evaluation will be completed by the geophysical contractor in 4 to 6 weeks. In 2019 the Company completed 15.8 km of Induced Polarization surveying on the Kwai property, which iden...