Business
Golden Goliath Resources Ltd. - Drilling increases at Uruachic camp
Golden Goliath Resources Ltd. - Drilling increases at Uruachic camp.
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"\n\n\n\nTSX.V: GNG\n\n\nUS: GGTH-F\n\n\nVANCOUVER, July 12 /CNW/ - Mr. Paul Sorbara, President, is pleased to\nannounce that the second drill rig is now at work in the San Timoteo area of\nthe Uruachic mining camp in northwestern Mexico. This new rig is working on\ndeeper holes in the vicinity of the old San Timoteo and San Martin mine\nworkings. The San Martin mine was one of the largest producers in the Uruachic\ncamp with production grades of 1,038 gms silver/tonne (30.10 oz silver/ton)\nand 7.80 gms gold/tonne (0.23 oz gold/ton) from a structure 800 metres long\nand 2.2 metres wide.\n\n\nThe original drill continues to work on shallower holes in the vicinity\nof the old Las Animas mine, which had production grades in the past of about\n200 ounces of silver per tonne.\n\n\nThe Company is still actively searching for more rigs and a proposal from\na large Mexican drill company indicates that another machine may be available\nlater this month. Construction of drill access roads and drill pads is now\ncompleted at the Las Bolas area, some five kilometers south of San Timoteo.\nDrill roads and pads are now under construction at the La Reforma area, about\nthree kilometers west of San Tmoteo.\n\n\nThe overall drilling program at the Uruachic camp will now include more\nthan 15,000 metres of drilling in the San Timoteo, La Reforma and Las Bolas\nareas. More drill rigs and personnel will be added as they become available.\n\n\nON BEHALF OF GOLDEN GOLIATH RESOURCES LTD.\n\n\nJ. Paul Sorbara, M.Sc., P.Geo.\n\n\nPresident\n\n\nThe TSX Venture Exchange has not reviewed and does not approve or\n\n\ndisapprove the adequacy or accuracy of this release.\n\n\n","length":1742,"tagName":"div"}]