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Drilling on South Trend Reveals New Geologic Picture, Source of Gold Grains in Basal Till Still Being Investigated on Kwai Project, Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - November 26, 2020) - Golden Goliath Resources ...
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Drilling on South Trend Reveals New Geologic Picture, Source of Gold Grains in Basal Till Still Being Investigated on Kwai Project, Red Lake, OntarioVancouver, British Columbia--(Newsfile Corp. - November 26, 2020) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ) has completed the first 14 drill holes of a 6,000m drill program on its Kwai property in the Red Lake mining district. The 14 holes completed to date on the West Grid total 3527 metres. The program is fully funded and the Company will still have sufficient working capital to increase the drill meterage. Of those holes, 10 were drilled on the \"Northern Trend\" of IP anomalies along the main Pakwash Break. This represents about 1.6 km of the 10 km strike length of the Pakwash Break on the Kwai property. All of the holes through the Pakwash Fault have been sent for multi element ICP analysis with aqua regia digestion and in the first 6 holes (K20-01 to K20-06) some check assays and resampling results remain outstanding (18 samples from holes 04 and 05, and 8 from 06). The results received to date for these first 6 holes, which cover 1.4 km of strike, do not give significant gold intercepts, however samples with elevated copper, antimony, molybdenum, arsenic and tungsten have been noted. Assays for holes 07 to 14 are pending.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/4761/69032_eca02eaba43cfb42_002full.jpgDrill holes K20-07 to K20-10 are to the east of holes K20-01 to K20-06 ending 50m from Beauregard Lake. Drill holes K20-11 to K20-14 are on the Southern Trend of IP anomalies on the West Grid. K20-14 is a longer hole that will end with a deeper test of the main break on the northern trend. These four holes have identified a revised geological picture not previously known, as they have now connected with the geology of the northern trend to give a better understanding of the boundary between the Uchi Formation to the north and the English River Formation to the south. Drilling on the southern trend has discovered that Uchi basalt and porphyry rocks occur in a 400m wide section where it was thought to be all English River gneiss. The cross section showing this relationship is currently being finalized.The East...