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Golden Goliath Resources Ltd. - More High Grade assays from Underground Workings
Golden Goliath Resources Ltd. - More High Grade assays from Underground Workings.
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, March 2 /CNW/ - The Company is pleased to announce that it has\nreceived assay results from additional sampling of underground workings on its\nLas Bolas property. These latest values come from three different areas, all\nof which are outside of the recently announced newly opened underground zone\nwhich averaged 422.02 gm silver/tonne (or 12.24 oz silver/ton) and 0.23 gm\ngold/tonne (herein called the "New High Grade Zone" or NHGZ). Two of these\nnewly sampled areas lie below the New High Grade Zone, along the Las Bolas\nmine workings. The first of these two zones occurs about 50 metres vertically\nbelow and 150 metres west of the NHGZ. Twelve contiguous chip samples taken\nfrom this 15 metre stretch of the Las Bolas mine returned a weighted averaged\nof 280.60 gm silver/tonne with 0.27 gm gold/tonne. The second of the newly\nsampled Las Bolas working zones also occurs about 50 metres below the NHGZ,\nbut extends about 25 metres further to the east. This 35 metre zone has a\nweighted average of 43.61 gm silver/tonne with 0.49 gm gold/tonne, including a\n3.1 metre section that averages 243.95 gm silver/tonne and 2.84 gm gold/tonne.\nThe third area of new results lies just above and some 50 metres to the west\nof the NHGZ in an extension of the Gambusino mine workings. A total of 28.35\nmetres of chip samples were collected from these non-linear workings. The\noverall weighted average of all 28.35 metres is 1090.97 gm silver/tonne and\n0.67 gm gold/tonne.\n\n\nThe Company recently received the results of the new Induced Polarization\ngeophysical survey completed in the Las Bolas - El Manto area, which was\ncommissioned in order to aid in the selection of drill targets. The results\nshow a distinctive signature coincident with the New High Grade Zone at a\ndepth of 75 metres below surface. The Company is very pleased that this\nanomaly extends at least 700 metres from the NHGZ into an area not previously\ndrilled. At least two new holes are planned to test this extension of the NHGZ\nanomaly.\n\n\nThe Company is also very pleased to announce that the final diamond drill\ncontract has been signed and the meterage has been adjusted to allow for an\nexpansion of the originally planned program from the proceeds of the recently\nannounced financing. The drilling contractor ha...