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Golden Goliath Drilling Follows New Mineralized Structures Eastward Along Pakwash Trend, Kwai Project, Red Lake District of Ontario
Hole K20-08 hits two mineralized quartz stockwork zones 59 and 73m core length Vancouver,...
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Golden Goliath Drilling Follows New Mineralized Structures Eastward Along Pakwash Trend, Kwai Project, Red Lake District of OntarioHole K20-08 hits two mineralized quartz stockwork zones 59 and 73m core lengthVancouver, British Columbia--(Newsfile Corp. - November 4, 2020) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ) continues to discover new zones of mineralization along the Pakwash Fault as exploration continues following this structural trend to the east. These new extensive quartz stockwork zones were not seen in earlier work to the west. Hole K20-08, which was drilled to the south, was completed to 207m from a point 200m east of hole K20-04 and it was discovered that the basalt zone host found along the north side of the Pakwash fault has widened. The porphyry has started to thin going eastward and becomes more silicified. A major fault occurs at 111-114m in K20-08 with contorted, altered mafic volcanics with talc, chlorite and sericite alteration and separates two quartz veining zones from 51 to 110m and 114-187m. This lower section contains wide zones of brecciated quartz besides veining (see photos on company web site). The veins have pyrite along the walls and also within the veins as well as minor chalcopyrite and tourmaline. Basalt and the porphyry are the host rocks for these new vein stockworks. It was decided as a result of this discovery that two more holes will be drilled to test the Basalt horizon and fault further to the east under Beauregard Lake, and also to test a possible junction of an extensional fault that crosses or is a splay off the Pakwash Fault (see Figure 2). The first of these two holes (K20-09) is now underway from a drill pad located 80m east of K20-08 near the shore of Beauregard Lake (Figures 2 and 3). K20-09 has found a wider body of porphyry further to the east of hole K20-08 where it was narrowing, as well as altered basalt, and is presently cutting a major shear zone associated with the Pakwash Fault containing pyrite and sericite as seen in earlier holes 03, 06 & 07 to the west.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/4761/67454_b18ccaa314083946_002full.jpgWhen these two holes are completed the drill will be moved ...