Business
Golden Goliath Channel Samples 4.28 g/t Gold over 3 Meters and Initiates Phase 2 Work on the Wish Ore Property
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2019) - Golden Goliath Resources Ltd...
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Golden Goliath Channel Samples 4.28 g/t Gold over 3 Meters and Initiates Phase 2 Work on the Wish Ore PropertyVancouver, British Columbia--(Newsfile Corp. - August 22, 2019) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF)Golden Goliath is pleased to announce the initiation of Phase 2 work on the Wish Ore property near Sault Ste Marie, Ontario. Phase 1 WorkPhase 1, completed in June, was designed to examine, manually strip and channel sample known gold showings on the property and was successful in identifying significant gold mineralization.Values of 4.28 g/t gold over 3 meters including 9.05 g/t gold over 1.0 meter were identified from channel sampling on the New Zone. Now, Phase 2 mechanical stripping has revealed that the initial sampling did not include the entire zone of mineralization and subsequent sampling, which has already been completed, may reveal a wider mineralized zone than first anticipated. The Company awaits the assays. The gold mineralization was found to be associated with volcanic rocks with quartz veining and carbonate alteration. Low concentrations of sulphides and chalcopyrite mineralization were also noted. Phase 2 WorkPhase 2 work in progress includes:1) Mechanical stripping, washing and channel sampling of known gold showings on the property2) Prospecting to locate historical showings and undiscovered showings on the property3) Geophysical surveying ( IP, MAG and VLF-EM) over known showings to define their extent and identify the geophysical signature of the showings.Mechanical stripping of the Loydex Zone ( See Fig. 1) and the New Zone was done with a small backhoe and channel samples were subsequently taken. The samples are beinjg submitted to the lab for analysis. In addition, the other trenches done by Loydex in 1987 were located.Loydex concluded that \"two and possibly three zones of gold mineralization have been trenched\" on the property. \"Wide zones of carbonate alteration are associated with some of the pits as well as wide sections of gold bearing quartz veins in association with blue quartz eyed volcanics make the area attractive for further work.\"Figure 1: Channel Sampling Loydex ZoneTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4761/47198_a30037d574781a78_002full.jpgProperty prospecting has revealed large, angular, pyrrhotite an...