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Golden Goliath Completes First Drill Program on Kwai Property
Anomalous gold values associated with intense alteration in a northwest trending splay off ...
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[{"type":"text","content":"Golden Goliath Completes First Drill Program on Kwai PropertyAnomalous gold values associated with intense alteration in a northwest trending splay off the main Pakwash structure Silicified Sediments on the southern edge of the Uchi greenstone belt return As, Sb, and Bi anomaliesVancouver, British Columbia--(Newsfile Corp. - November 11, 2021) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ) Golden Goliath Resources has completed the first drill program on its Kwai property, located in the Red Lake mining district. A total of 7646 meters of NQ drilling in 35 holes was completed in 5 stages starting in September of 2020. The program was designed to test IP and till geochem anomalies associated with the Pakwash fault structure. Results for the first 28 holes have been previously released and the assays for the last 7 holes have now been received. This was the first drill program to ever test this very prospective structure in an area of significant overburden. The Pakwash fault is a very deep seated structure that forms the boundary between the Uchi greenstone belt to the north and the English River meta sediments to the south.Drill hole K21-35 was collared up ice from the gold in till anomalies north of the Pakwash fault to test a northwest trending splay indicated from magnetics data (Figure 2). The hole encountered intensely altered granodiorite not previously seen on the property. Numerous samples returned weak gold values between 12 and 45 ppb. This structure, where it encounters the Uchi volcanic package, will be highly prospective.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/4761/102973_1a1a7d55447d68df_002full.jpgHoles K21-29 to K21-34 were collared to test the Pakwash fault itself east of Beauregard Lake (figure 2). Within the Uchi rocks these holes encountered silicified sediments which returned weak As, Sb, and Bi values. These values are close to splay faults which intersects the East Grid further east, where other targets remain untested.Till sampling in early 2020 returned strong gold values that remain unexplained. Overburden on the property consists of a glacial silt layer with thicknesses up to 10+ meters. The silt overlays a bouldery basal till layer ...