Golden Goliath identifies 19 targets at Wish Ore
2022-01-10 12:36 ET – News Release
Mr. Paul Sorbara reports
GOLDEN GOLIATH IDENTIFIES HIGH PRIORITY EXPLORATION TARGETS ON WISH ORE PROPERTY
Golden Goliath Resources Ltd. has received the final interpretation on the airborne geophysics survey that was flown on the company’s Wish Ore project last season.
The company holds 100-per-cent ownership of the Wish Ore property, located in the Batchewana Bay area between Sault Ste Marie and Wawa, Ont. Part of the 2021 exploration work on Wish Ore included an airborne magnetic and very low frequency-electromagnetic (VLF-EM) survey. Peter Diorio, PGeo, of GeophysicsOne Inc., was contracted to do this interpretation and compile its results with the existing property data.
The excellent work by Mr. Diorio has identified 19 areas of interest (AOI) for follow-up. While all of the anomalies look very encouraging, the most exciting of these are AOI 4 and AOI 8, which are located adjacent to known gold mineralization on the property at the Trench zone and the New zone. AOI 1 and AOI 15 show large-scale potential as they appear to be associated with a 700-metre zone of interpreted flexure along the deep seated Carp River fault and the intersection of a northwest trending structure. AOI 13 is also an anomaly near the junction of the Carp River fault and a northwest trending structure. Prospecting in 2019 identified large angular mineralized boulders 200 metres down ice southwest of this anomaly. In the underexplored southwest end of the property AOI 7 consists of an anomalous northwest-trending magnetic low, which cuts three east-west-trending magnetic highs. The area of the magnetic low is associated with VLF conductors and interpreted structures. This is interpreted to represent an area of alteration where magnetic minerals were destroyed by the alteration similar to what is seen in the areas of intense quartz carbonate alteration elsewhere on the property.
The company is now working with the company’s key advisers to put together an exploration plan to test these targets.
Golden Goliath chief executive officer Paul Sorbara PGeo comments: “Our previous work on this property has shown widespread gold mineralization. This new geophysics gives us the tools to focus our search on some very exiting targets.”
This news release has been reviewed by Gordon MacKay, PGeo, who is acting as qualified person under the National Instrument 43-101 requirements.
About Golden Goliath Resources Ltd.
Golden Goliath is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The company is focused on exploring and developing the gold and silver potential of properties in the Red Lake district of Ontario. The company also holds a 100-per-cent interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as NSR royalties on several other nearby properties.
We seek Safe Harbor.
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