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Golden Goliath Drilling Continues on Two New Zones on Kwai Project, Red Lake, Ontario
TWO MAJOR STRUCTURES DISCOVERED BY LAKE IP SURVEY AND INITIAL DRILL HOLES SOUTH SHOR...
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Golden Goliath Drilling Continues on Two New Zones on Kwai Project, Red Lake, OntarioTWO MAJOR STRUCTURES DISCOVERED BY LAKE IP SURVEY AND INITIAL DRILL HOLESSOUTH SHORE ANOMALY RELATED TO PYRITE SERICITE ZONENORTH SHORE ANOMALY CONTAINS MASSIVE SULPHIDE BAND AND DISSEMINATED SULPHIDES IN SHEARS WITH OTHER ZONES OF SILICIFICATION-ALBITIZATIONVancouver, British Columbia--(Newsfile Corp. - March 22, 2021) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ)Golden Goliath Resources is pleased to report that drilling of a new IP trend, partially generated by the survey on the frozen lake, has now been completed. Five holes (K21-17, 18, 19, 20, & 21 -see Fig. 5) have traced a sericite alteration zone with sections of intense silicification and sulphide content over 20%, for a 1.2 km distance between lines 1200E and 2400E. Some of this anomaly trend is on land and some sections are under the shore of the lake and in the bay adjacent to the West Grid. Those anomalies were generated by the IP survey conducted on the frozen lake (Fig. 2 & 3). It also extends westward from line 1200E across the water to line 600E on the West Grid. This anomaly is distinctive in shape and often shows a classic \"pantleg\" anomaly, a narrow chargeable anomaly near surface of 10m width. The south shore anomaly was tested first because the drill had already been moved to that area of the lake for access to water. Further infill drilling and undercut holes are anticipated for this trend once the access route has dried up and or refrozen.Figure 1: Red Lake District Properties including the Kwai and SLF properties of Golden Goliath.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4761/78098_e5bd8a0f9428e84b_002full.jpgThe drill has been moved to the new and very strong north shore anomaly, which is referred to by the Company as \"the Whale\" for both its size and shape. This strong, large target, also generated by the lake ice IP survey, occurs on lines 1800E, 1600E, 1400E and 2000E (Figures 2, 3 & 4). At least four initial holes are planned for the Whale anomaly. At the time of writing of this release, the first of these drill holes, K21-22, was completed on line 1800E to a depth of 175m. The hole intersected a 7m wide disseminated sulphide zone in sheared basalt, a 2m wide zone silicifi...