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Be the first with the news that moves the market- Golden Goliath’s (TSXV:GNG) initial till sampling and field work at the Kwai Property has revealed significant geological hosts
- Till sampling has identified the mineralization on the site could be very similar to other major mining operations in the area
- Gold grains from the project will be classified by shape and size to help determine proximity to source
- A fraction of the tills will be analysed in a mass spectrometer to determine other path finder elements
- Golden Goliath (GNG) is up 38 per cent and is trading at C$0.125 per share
Golden Goliath’s (TSXV:GNG) initial till sampling and field work at the Kwai Property has revealed significant geological hosts.
The company believes the structure bears the same sequence of rocks, which host the LP Zone on the nearby Dixie Lake Property. The site’s faults are outlined as deep-seated structures and are similar to the faults associated with other mining operations in the region.
The till sampling program reached bedrock in several locations, along a 10-kilometre section of the fault structure underneath the property. The company has reported high quality basal tills from this work.
The tills have been sent away to Ottawa to separate any gold grains and heavy minerals, such as arsenopyrite and pyrite.
Gold grains from the project will be classified by shape and size to help determine proximity to source. Alongside the analysis, a fraction of the tills will be analyst in a mass spectrometer to determine other path finder elements associated with gold.
The mapping work has found sediment occurring adjacent to the regional basalt structure, with IP work to remain ongoing.
Furthermore, the company has expanded it IP grid to locate sulphide zones associated with gold and begin to outline the shear structures within the zone. The current program is on a much larger scale and will connect the previous two grids already mapped.
Golden Goliath (GNG) is up 38 per cent and is trading at C$0.125 per share at 11:20 pm EDT.
