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Golden Goliath Drilling Discovers Wide Shear Zone Along Pakwash Structure Within Favourable Uchi Belt Host Rocks on Kwai Property, Red Lake, Ontario
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2020) - Golden Goliath Resources ...
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Golden Goliath Drilling Discovers Wide Shear Zone Along Pakwash Structure Within Favourable Uchi Belt Host Rocks on Kwai Property, Red Lake, OntarioVancouver, British Columbia--(Newsfile Corp. - October 15, 2020) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ) is pleased to report on the progress being made on the Kwai gold project south of Red Lake Ontario and the continuing drill program to test numerous IP (Induced Polarization) anomalies associated with the Pakwash Fault structure and associated, parallel, splay faults and shears. The Kwai property covers a 10 km section of the Pakwash Fault which partly defines the boundary between the English River Sub Province to the south and the Uchi Province (and greenstone belt) to the north. This structure has never been drilled or mapped in detail on the Kwai property, however, it was outlined by a deep seismic survey by the federal government and found to be linked to other regional deep seated faults that are associated with the main gold mines in Red Lake and the LP fault 15km to the north of the Kwai property on the Dixie Lake property being explored by Great Bear Resources (GBR).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/4761/66002_2d5be56f345ffaac_002full.jpgDrilling of hole K20-06, referred to in the most recent News Release (Sept. 30, 2020) has been successfully completed to a depth of 399m and has intersected the IP anomaly target hidden beneath conductive overburden (clays and silts). This 50 meter wide intersection of disseminated sulphides was hosted in both sericite schists and tuffaceous felsic volcanics (sericitized) with cherty and siliceous zones. Similar cherty siliceous units were seen in hole K20-03 on line 600W, a distance of 800m away, and in hole K20-05, 200m east of hole 06.These siliceous units are interpreted to be a favourable host for gold mineralization. Hole 06 was the deepest hole to date was drilled south beneath a possible thrust fault plane that brought the English River rocks over top of the south edge of the Uchi rocks which is the main host for gold mineralization in the region. The conclusion is that there is likely a wider zone of favourable Uchi rocks on the Kwai property than p...