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New Potential Gold Settings Discovered Encourage Further Follow-Up at Kwai
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - Golden Goliath Resources Lt...
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[{"type":"text","content":"New Potential Gold Settings Discovered Encourage Further Follow-Up at KwaiVancouver, British Columbia--(Newsfile Corp. - October 5, 2021) - Golden Goliath Resources Ltd. (TSXV GNG ) (OTC Pink: GGTHF) (FSE: GGZ)Golden Goliath Resources Ltd. has been drilling on the Kwai gold property since July and has now completed holes K21-25 to K21-35. K21-25 to K21-28 tested the area around the anomalous gold value that was returned earlier in drill hole K21-21 on the south side of Beauregard Lake. K21-29 to K21-34 tested IP anomalies on the Pakwash fault east of Beauregard Lake. The final hole in the program, K21-35, tested a mag and structural anomaly with weak IP in an area northwest of Beauregard Lake that is now interpreted to be directly up ice of the high gold in till values returned in early 2020.Hole K21-35, which was just completed on October 1, cut multiple zones of brick red potassic alteration associated with brecciation, silicification, hematite and up to 15% disseminated sulfides. This hole was located off the main trend of the Pakwash fault targeting a crosscutting northwest trending magnetic anomaly associated with a weak IP anomaly. Recent geological fieldwork has established a 040 degree ice direction, which is much steeper than previously understood. This places K21-035 directly up ice of the strong gold in till results found on the West Grid. This alteration is very similar to a style of mineralization seen in the Red Lake region, in particular in the Spring Pole deposit area in the north end of the Uchi belt.There are a number of untested weak IP anomalies beneath conductive overburden that are now potential targets and a large area of the northern part of the property has yet to be surveyed by IP. The original Kwai gold showing is in this area of unexplored terrain.Figure 1: Red Lake District Properties including the Kwai and SLF properties of Golden GoliathTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4761/98600_d3f195df84ab0be2_003full.jpgIn July four holes were drilled to follow up on an anomalous gold value of 864 ppb over 1 m in hole K21-21 and these were K21-25 to K21-28, all of which intersected a shear-fault zone on the south side of Beauregard Lake in a feature parallel to and south of the Pakwash Fault. Although no further gold values were encountered in these fou...