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Golden Goliath Resources: Drilling Advancing Toward Main IP Targets on Kwai Property in Red Lake District
Vancouver, British Columbia--(Newsfile Corp. - September 21, 2020) - Golden Goliath Resources Ltd. (TSXV: GNG ) (OTC Pink: GGTHF) (FSE: GGZ) ("Golden Goliath" o
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - September 21, 2020) - Golden Goliath Resources Ltd. (TSXV: GNG ) (OTC Pink: GGTHF) (FSE: GGZ) (\"Golden Goliath\" or the \"Company\") is very pleased to announce that the diamond drilling program on its Kwai property in the Red Lake Mining District is progressing well and the Company is extremely pleased with the initial core that is being logged. The program is designed to test the Pakwash Break along 10 kilometers of strike length with approximately 40 holes totaling 6,000 meters. Although the main focus of the drilling is aimed at the Pakwash Fault and associated deformation zones, a number of other splay faults and parallel IP trends will also be tested. The drilling was planned to start in the NE corner of the West Grid where there are several high priority targets with very strong IP anomalies and numerous till samples with pristine gold grains. However, heavy rain just before mobilization resulted in local flooding and the order of drilling had to be changed due to access difficulties. Therefore, drilling started on the west side of the grid, close to the main access road, with holes K20-01, 02 and 03. (See Figure 2) The west side anomalies were to be drilled later in the program after completing the holes the company will be drilling in the NE area of the grid later this week. Previous till sampling on lines 0+00 and 200E and 400E yielded pristine gold grains in the vicinity of the stronger IP anomalies, making those areas of higher priority. Fortunately the first holes yielded very valuable information. Figure 1: Red Lake District Properties including the Kwai and SLF properties of Golden Goliath Drilling started with hole K20-01, collared at 800W, 800N and drilled to the south at - 50 degrees to the final depth of 141 meters. This initial hole discovered a large quartz eye porphyry body, with robins egg blue quartz eyes, within the Pakwash main break. Shear zones within this porphyry control numerous quartz veins with fine grained pyrite along the walls of the veins. Fine grained pyrite occurs in the porphyry matrix. Tourmaline is also present. This type of intrusion is often associated with gold deposits in the area and in other gold camps. In addition, shear zones on the margin of the porphyry contain disseminated sulphides and quartz veining containing sulphides. There...