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Golden Goliath Discovers New Gold Bearing Shear Zone at Kwai - Pakwash Property, Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2021) - Golden Goliath Resources Ltd....
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Golden Goliath Discovers New Gold Bearing Shear Zone at Kwai - Pakwash Property, Red Lake, OntarioVancouver, British Columbia--(Newsfile Corp. - May 25, 2021) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ)Golden Goliath Resources received the final assays for 5 drill holes that were drilled along the south shore of Beauregard lake (holes K21-17- 21) during the week of May 10. The holes were designed to test an IP anomaly found during the lake IP survey conducted earlier this year. Results for the drill holes on the north side of the lake, designed to test the Whale anomaly are not yet complete. 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/4761/85073_753c9530b4d3aabe_002full.jpgDrilling on a strong one kilometer I.P. trend on the south side of Beauregard Lake has produced an important gold value hosted in sericite schists with associated pyrite and minor chalcopyrite. Hole K21-21 drilled on line 1600E intersected 824 ppb gold over 1 metre from 103 - 104 m in rocks dipping south at 80 deg. The eastern 600m of this anomaly occurs on a peninsula on the south shore of Beauregard Lake where the remainder extends west under a bay heading to the West Grid (Figure 2). Figure 2 IP anomalies and drill holes completed at Beauregard LakeTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/4761/85073_753c9530b4d3aabe_003full.jpgOf significant note, a number of gold discoveries have been made in shears in the Porcupine Camp and in Hemlo where anomalous gold occurs exceeding 300 ppb with the ore zones occurring within 100m of the anomalous value. These values are a good guide to more mineralization.Also of note, this shear zone occurs south of the Pakwash Fault near the contact of a large felsic tuffaceous sediment sequence exposed on the shore of the lake, and a mafic package of Uchi rocks discovered by drilling. As a result, other IP anomalies south of the Pakwash require follow up.In addition this gold intersection occurs east of the west grid gold till anomalies from a possible source area for the high gold grain counts in the tills (Figure 3). Figure 3 Gold Grains Probable Source Area Plot For West GridTo view an enhanced version of Figu...