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Golden Goliath Resources Ltd. - Second Drill Proposed For Uruachic
Golden Goliath Resources Ltd. - Second Drill Proposed For Uruachic.
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 28 /CNW/ - The Company is pleased to announce that it is\ncurrently negotiating for a second diamond drill for the major program now\nunderway at it's 100% owned Uruachic mining camp properties. The second drill,\nwhich will be available in about two weeks, would allow the Company to be more\naggressive in its exploration efforts.\n\n\nFurther to the Company's news release of March 1, the Company anticipates\nthe close of its $6 million financing in mid April.\n\n\nCurrently, drilling is underway in the area of the old San Martin mine on\nthe San Timoteo property. The old San Martin adit, which is the only one in\nthe Uruachic camp known to have tracks, lies just above the bottom of the\narroyo, some 275 vertical metres below the recent drilling. The old records\nstate that the average production grade from San Martin was 7.8 gm gold/tonne\nand 1038 gm silver/tonne. The records state that the structure is 2.2 metres\nwide and 1,000 metres long. Assays for the last four short holes drilled near\nthe San Timoteo workings returned only two intervals with values over 30 gm\nsilver/tonne. Assay results will be released in batches once they have been\nreceived and analyzed by the Company.\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":1558,"tagName":"div"}]