Business
Golden Goliath Update
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Golden Goliath Resources L...
About this update from Golden Goliath Resources Ltd.
[{"type":"text","content":"Golden Goliath UpdateVancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZ) Golden Goliath Resources is saddened to acknowledge the passing of Mr. R.S. (Bob) Middleton P.Eng. The Company was proud to have Bob as a member of the its Advisory Board for the last two years.Bob was a highly accomplished Geologist, Geophysicist, and Professional Engineer (P.Eng.), registered in Ontario. He had more than five decades of field work, mine discoveries, and company building experience. Bob was credited with putting the Penhorwood Talc Mine into production for Steetley Minerals Canada Ltd. in 1977 and played a role in putting seven other mines into production, including the Bell Creek Mine in 1979 and the Golden Giant (Hemlo) Mine in 1982, which he co-discovered with Bruce Durham P.Geo. Through his career he completed acquisition-focused economic reviews of most gold mines in North and Central America and undertook more than 25 feasibility studies.Bob also had extensive experience exploring in the Red Lake mining district, including work on what is now Great Bearʻs Dixie property. Bob was the driving force behind the Golden Goliath Resources exploration of the Kwai property, located several kilometers south of Great Bear. Bob had faith in the gold potential of the Kwai property and the Company continues to keep that faith. Bob used the expression \"just do it\" long before Nike and he wanted us to continue our work there. We are optimistic that Bob's faith in the property will be proven out.Figure 1: Red Lake District Properties including the Kwai Property of Golden GoliathTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4761/106038_1474f1ac74e4d831_002full.jpgOver the past summer the Company conducted further evaluation of the SLF property, which is located about 5 km south of Kwai. SLF is underlain by rocks of the English River formation, unlike Kwai, which is predominantly underlain by rocks of the Uchi greenstone belt, which host the known Red Lake gold deposits. Geological surveying did not reveal any significant alteration and did not located the SLF fault itself, which may lie under part of adjacent Pakwask Lake. The Company has decided to drop the SLF option.Apart from the Red Lake area, the Company ho...