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Golden Goliath Exploration Continues to Follow New Geology Units on Pakwash Fault
Misse a la masse geophysical survey to assist in mapping units Vancouver, British Columbia--(...
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Golden Goliath Exploration Continues to Follow New Geology Units on Pakwash FaultMisse a la masse geophysical survey to assist in mapping unitsVancouver, British Columbia--(Newsfile Corp. - May 4, 2021) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ)Recent drilling with holes K21-22 & 23 has discovered felsic volcanics that are altered and sheared parallel to a VMS massive sulphide zone. These rocks have never been seen before along the Pakwash Fault and occur in an unexplored section of the Fault along the north shore of Beauregard Lake, in the east bay. The Misse a la masse (MALAM) geophysical survey, which involves dropping probes down the drill holes and reading from surface and the lake bottom, is designed to search for other sulphide rich pods to the east and follow the felsic volcanics. In other gold camps these felsic rocks form an excellent host for disseminated sulphide gold bearing deposits.At least 3,000m of drilling will follow with a few more holes along this east bay trend and then continue on to other pre designed holes on the East Grid that were to test the Pakwash trend and a parallel anomaly along the north side of the shear. 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/4761/82780_bffcebbd54f1089e_002full.jpgThe Company is still waiting for complete analytical results, including multi element data, from drill holes K21-17 to 21, which were drilled on the south side of Beauregard Lake. Also pending are results from drill holes K21-22, 23 & 24, which were drilled on the north side of the lake. These holes are all within the estimated source range for the numerous gold-in-basal-till samples found on the west grid (See figure 2). That gold source is the Company's target. The multi element data is very important for the spotting of the next holes. Drilling is now paused due to spring break up, which gives the Company time to complete the MALAM survey and receive the pending analytical data.FIG. 2 Gold Grains Probable Source Area Plot From West Grid To Beauregard LakeTo view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/4761/82780_bffcebbd54f1089e_003full.jpg Figure 3: Probable Source Areas For All Gold Grai...