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Golden Goliath Discovers Favourable Uchi Rocks On West Grid Southern IP Trend On Kwai Project, Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2020) - Golden Goliath Resources L...
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Golden Goliath Discovers Favourable Uchi Rocks On West Grid Southern IP Trend On Kwai Project, Red Lake, OntarioVancouver, British Columbia--(Newsfile Corp. - December 2, 2020) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ) Golden Goliath Resources has completed four drill holes on the southern trend of IP anomalies on the West Grid of its Kwai Project (Figure 2). These four holes (K20-11 to K20-14) have discovered a large cross section over 400m wide of Uchi basalt and porphyry rocks originally thought to be English River metasediments and gneisses. This discovery is significant in that the Uchi rocks are the main hosts for the Red Lake gold mines and now we can see that a large part of the Kwai property contains an extensive belt of these favourable rocks, which expands our target areas across the property.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/4761/69336_7e56401a7453b9b1_002full.jpgThe three trends of IP anomalies on the southern portion of the West Grid have only been drilled on two lines 0+00 and 200E, with two holes on each line (Figure 2). These IP trends continue to line 10 west, or one kilometer. These targets remain untested as do the additional numerous IP trends that occur on the eastern grid. The Company is awaiting assays for the completed drill holes before further drilling. Figure 2 West Grid showing IP anomaly trends and completed drill holesTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/4761/69336_7e56401a7453b9b1_003full.jpgThe boundary of the English River Sub Province is complicated by the occurrence of both major deep seated faults and associated splay and parallel faults which are potential controlling structures for gold mineralization. These faults appear to have repeated the Uchi sequence by possible thrusting although folding has not been ruled out. A section of the line 200E area is presented to show the position of these major rock units (Figure 3).Figure 3: North-South Cross Section on West Grid Showing Uchi Rocks on Southern To view an enhanced version of Figure 3, please visit:https://orders.newsfilecorp.com/files/4761/69336_7e56401a7453b9b1_004full.jpg Trend of IP AnomaliesGold grai...