Business
Golden Goliath Acquires Option for 100% On Quebec Rare Earth Element Prospect: Ernest REE
Vancouver, British Columbia--(Newsfile Corp. - March 2, 2023) - Golden Goliath Resources Ltd. (TS...
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Golden Goliath Acquires Option for 100% On Quebec Rare Earth Element Prospect: Ernest REEVancouver, British Columbia--(Newsfile Corp. - March 2, 2023) - Golden Goliath Resources Ltd. (TSXV GNG) (OTC Pink: GGTHF) (FSE: GGZ) Golden Goliath Resources is pleased to announce that they have signed an option agreement to acquire 100 percent of the Ernest Rare Earth Element (REE) prospect in Quebec. The project is in east-central Quebec located just off highway 389 200 km north of Baie Comeau. The property is less that 20 km south of the Manicouagan Impact Crater, one of the most recognizable geographic features on earth.Figure 1: Ernest REE Project Regional MapTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4761/156880_1386a4a7049b5836_002full.jpgOn the Ernest property lake sediments collected in 2003 by the Quebec government returned anomalous REE values. Limited sampling of prospective granitic outcrops returned encouraging REE values including Cerium 2605 ppm, Lanthanum 1466 ppm, Neodymium 965 ppm, and Praseodymium 274 ppm, associated with elevated Thorium values.Figure 2: Property-Wide Coverage of Forestry and Access RoadsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4761/156880_1386a4a7049b5836_003full.jpgAccording to Ministère des Ressources Naturelles (MRN) synopses, the Property is underlain by rocks of the mesoproterozoic Canyon Complex. It covers a panel of migmatitic, gneissic gabbronorites with subordinate felsic material, which is surrounded by mangerites cut by granitic dykes and intrusions.These Canyon Complex rocks also host panels and rafts of metasediments associated with the older Plus-Value Complex. Mineralization was located by MRN geologists in granitic pegmatite near the contact between the gabbronorite-dominated and the mangerite-dominated members of the Canyon Complex. The Company is planning exploration programs to be conducted this summer. Various avenues of investigation suggest themselves for moving this property forward. Initial examination of the government showing could be followed up by detailed prospecting and hand-trenching to determine extents, orientations and geometries of any similar dykes in the area. An examination of the potential for rheologically-controlled pegmatite dyke emplacement be...