- Golden Goliath Exploration (GNG) continues to follow new geology units on Pakwash Fault
- These rocks have never been seen before along the Pakwash Fault and occur in an unexplored section of the Fault along the north shore of Beauregard Lake
- The Misse a la masse (MALAM) geophysical survey is designed to search for other sulphide-rich pods to the east and follow the felsic volcanics
- Golden Goliath is a junior exploration company
- Golden Goliath Resources Ltd. (GNG) is up 6.25 per cent and is trading at C$0.085 at 10:30 am ET
Golden Goliath Resources Ltd. (GNG) reports that recent drilling has discovered never before seen felsic volcanics along the Pakwash Fault.
These rocks occur in an unexplored section of the Fault along the north shore of Beauregard Lake, in the east bay.
The Misse a la masse (MALAM) geophysical survey, which involves dropping probes down the drill holes and reading from the surface and the lake bottom, is designed to search for other sulphide-rich pods to the east and follow the felsic volcanics.
In other gold camps, these felsic rocks form an excellent host for disseminated sulphide gold-bearing deposits.
At least 3,000m of drilling will follow with a few more holes along with this east bay trend and then continue on to other pre-designed holes on the East Grid that were to test the Pakwash trend and a parallel anomaly along the north side of the shear.
Golden Goliath is still waiting for complete analytical results, including multi-element data, from drill holes K21-17 to 21, which were drilled on the south side of Beauregard Lake.
Also pending are results from drill holes K21-22, 23 & 24, which were drilled on the north side of the lake.
These holes are all within the estimated source range for the numerous gold-in-basal-till samples found on the west grid. That gold source is the Golden Goliath target.
The multi-element data is very important for the spotting of the next holes. Drilling is now paused due to spring breakup, which gives Golden Goliath time to complete the MALAM survey and receive the pending analytical data.
Golden Goliath's CEO Paul Sorbara, PGeo, comments: "Turn-around time for assay results is even slower than last Fall, but there is nothing we can do about that."
"It gives us time to get and interpret the valuable information needed to continue our search for the source of the numerous gold grains in till and to do the MALAM survey," added Sorbara.
Golden Goliath is a junior exploration company listed on the TSX Venture Exchange (symbol GNG).
Golden Goliath Resources Ltd. (GNG) is up 6.25 per cent and is trading at C$0.085 at 10:30 am ET.