Golden Goliath Resources Ltd.: Mosca de Plata Gold-Silver Zone Extended at Las Bolas
19 November 2009 - 9:01AM
Marketwired
Golden Goliath Resources Ltd. (TSX VENTURE: GNG)(PINK SHEETS:
GGTH-F)
The Company is pleased to announce that the recently sampled
gold and silver zone within the Mosca de Plata workings on the Los
Hilos ridge, which was first disclosed in the Company's October
26th press release, has been extended. The Los Hilos ridge is a
roughly north south topographic feature that is 1,400 metres long,
200 to 400 metres wide and up to 175 metres high. This ridge lies
on the eastern side of the Las Bolas property, about 1,100 metres
from the entrance to the Las Bolas tunnel, and is roughly
perpendicular to the three main Las Bolas mineralized trends.
Several old workings have been identified within the Los Hilos
ridge and they occur over a vertical interval of 105 metres. The
Filo de Oro is a disseminated gold and silver target zone running
along the crest of the ridge. It varies in width from 10 to 70
metres and has been traced over 400 metres and is open in both
directions.
The exploration crew has been rehabilitating other levels above
the main Mosca de Plata tunnel, and also rehabilitated parts of the
main tunnel not previously sampled. As per the current sampling and
mapping, the Mosca de Plata tunnel and its two sub-levels have a
strike length of approximately 46 metres and is 11 metres wide.
The Phase 2 sampling program included both surface and the
levels above the main Mosca de Plata tunnel. The two levels sampled
are 9 to 14 metres above the main tunnel. In total, Mosca de Plata
tunnel sampling averaged 0.70 gm/tonne gold and 153 gm/tonne silver
over 46 metres. Higher grade numbers were found at the intersection
of a roughly north south trending mineralized zone called Filo de
Oro, which runs along the Los Hilos ridge. Unlike the 3 mineralized
northeast-southwest trends on the western portion of the Las Bolas
property, Filo de Oro is a bulk-tonnage open-pit target, with
higher grade veins running through it, and is almost perpendicular
to the other defined trends. This new target expands the overall
potential of the property and has become an important part of the
Company's ongoing exploration program.
See the table below for details of the Phase 2 sampling.
The following vein orientations were observed in the Phase 2
sampling program:
- Azimuth 320 degrees to 340 degrees, dipping 35 degrees-75
degrees to the West (23 locations measured)
- 40 degrees Azimuth dipping 20 degrees-40 degrees to the
Northwest (4 locations measured)
- North-South dipping 50 degrees-70 degrees to the West (4
locations measured).
Initial surface sampling results are encouraging. The sampling
covered a small hill 46 meters west of Mosca de Plata over an area
of 60 metres by 90 metres and the results indicate that the roughly
north-south Filo de Oro target zone may be wider than previously
thought. The total area covered by the underground and surface
sampling extends for 180 metres east-west across the Los Hilos
ridge and the results indicate that this may all be within the Filo
de Oro bulk tonnage target, which is locally wider due to the
intersection of an east west structure. 79 surface samples retuned
an average of 0.82 gm/tonne gold and 40 gm/tonne silver. Of
significance is a 1.5 metre wide vein dipping northwest that is
exposed over 40 metres, At one location two contiguous chip samples
across the structure averaged 10.2 gm/tonne gold, and 257 gm/tonne
silver. Over the 40 metres of exposure 18 chip samples across the
structure averaged 1.56 gm/tonne gold and 77 gm/tonne silver.
535 metres east and 160 metres below the entrance to Mosca de
Plata, is the San Luis workings. San Luis is a large structure
dipping southeast. One vein assaying 1850 gm/tonne silver over a
0.3 m width within this structure shows the potential for high
grade mineralization within the bigger mineralized system.
On a property wide scale, higher elevations are generally more
gold dominant where we find Mosca de Plata and Filo de Oro. As we
move lower in the system mineralization becomes more silver and
base metals dominant as demonstrated at Las Bolas-Los Hilos
property, which is typical of epithermal systems.
The Company is very pleased with the continuing results and is
integrating this new gold/silver zone with detailed surface and
underground mapping to further test the exciting Filo de oro target
in the next phase of drilling.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company
listed on the TSX Venture Exchange (symbol GNG). The Qualified
Person who has reviewed this release is J. Paul Sorbara M.Sc.,
P.Geo. The Company is focused on exploring and developing the gold
and silver potential of an historic mining camp located in the
world famous Sierra Madre Occidental Mountains of northwestern
Mexico. Golden Goliath's Uruachic claims are owned 100% by the
Company and are fully paid for with no property option or purchase
payments to make.
---------------------------------------------------------------------------
Mosca de Plata - Phase 2 Sampling
---------------------------------------------------------------------------
Weighted Average(i)
---------------------------------------------------------------------------
Sample
Sample Gold Silver Width Gold Silver Width
No Gm/tonne Gm/tonne metre Gm/tonne Gm/tonne metre
---------------------------------------------------------------------------
760866 0.28 76 0.5
---------------------------------------------------------------------------
760868 0.35 78 0.6
-----------------------------------------
760869 0.36 52 0.9
-----------------------------------------
760870 0.24 63 1.05 0.31 63 2.55
---------------------------------------------------------------------------
760871 0.43 169 0.75
---------------------------------------------------------------------------
760872 0.39 115 1.2
---------------------------------------------------------------------------
760873 0.28 783 1.1
---------------------------------------------------------------------------
760874 0.38 106 1.5
---------------------------------------------------------------------------
760876 0.34 121 0.6
---------------------------------------------------------------------------
760877 0.3 79 0.7
---------------------------------------------------------------------------
760875 0.19 96 1.15
-----------------------------------------
760878 0.27 77 1.45
-----------------------------------------
760879 0.25 107 0.85 0.24 91 3.45
---------------------------------------------------------------------------
760880 0.23 45 0.9
---------------------------------------------------------------------------
760881 0.39 91 0.5
---------------------------------------------------------------------------
760882 0.22 40 0.5
---------------------------------------------------------------------------
760883 0.33 104 1.05
---------------------------------------------------------------------------
760884 0.58 38 0.6
---------------------------------------------------------------------------
760885 0.27 12 1.1
-----------------------------------------
760886 0.23 56 0.9 0.25 32 2
---------------------------------------------------------------------------
760887 0.16 94 0.7
---------------------------------------------------------------------------
760888 0.16 56 0.6
---------------------------------------------------------------------------
760889 0.12 63 0.9
---------------------------------------------------------------------------
760890 0.32 73 0.8
---------------------------------------------------------------------------
760891 0.51 400 1.45
---------------------------------------------------------------------------
760892 0.36 136 0.9
-----------------------------------------
760893 0.21 104 0.6
-----------------------------------------
760894 0.12 62 0.6
-----------------------------------------
760895 0.36 125 0.55
-----------------------------------------
760896 0.16 59 0.8
-----------------------------------------
760897 0.31 907 0.75 0.26 242 4.2
---------------------------------------------------------------------------
760898 0.24 364 1.05
---------------------------------------------------------------------------
760899 0.23 83 1.15
---------------------------------------------------------------------------
760900 0.43 68 0.8
---------------------------------------------------------------------------
808201 0.54 963 0.6
-----------------------------------------
808202 0.58 170 0.7
-----------------------------------------
808203 0.84 778 0.8
-----------------------------------------
808204 0.61 533 0.5 0.66 610 2.6
---------------------------------------------------------------------------
808205 1.6 1,340 0.8
---------------------------------------------------------------------------
(i) Weighted averages are given for sets of contiguous samples only.
---------------------------------------------------------------------------
Fila de Oro Surface Sampling - Phase 2 Sampling
---------------------------------------------------------------------------
Weighted Average(i)
---------------------------------------------------------------------------
Sample
Sample Gold Silver Width Gold Silver Width
No Gm/tonne Gm/tonne metre Gm/tonne Gm/tonne metre
---------------------------------------------------------------------------
760776 0.4 20 0.95
-----------------------------------------
760777 0.22 12 1.3 0.3 15.1 2.25
---------------------------------------------------------------------------
760787 0.55 48 0.75
-----------------------------------------
760788 0.5 39 1.05 0.52 42.75 1.8
---------------------------------------------------------------------------
760789 0.25 13 1.1
-----------------------------------------
760790 0.48 14 0.7
-----------------------------------------
760791 1.6 92 0.65
-----------------------------------------
760792 2.1 124 0.6 0.95 51.90 3.05
---------------------------------------------------------------------------
760799 0.48 93 1.1
-----------------------------------------
760800 0.19 74 0.85 0.35 84.72 1.95
---------------------------------------------------------------------------
808004 0.46 19 0.75
---------------------------------------------------------------------------
808005 1.07 315 0.6
-----------------------------------------
808006 0.53 15 0.6 0.8 165 1.2
---------------------------------------------------------------------------
808015 0.71 84 0.7
-----------------------------------------
808016 0.46 38 0.5
-----------------------------------------
808017 0.37 23 0.95 0.50 46.35 2.15
---------------------------------------------------------------------------
808018 0.75 76 0.9
-----------------------------------------
808019 24.4 529 0.6 10.2 257.2 1.5
---------------------------------------------------------------------------
808044 0.05 13 1.05
---------------------------------------------------------------------------
808049 0.06 24 1.5
---------------------------------------------------------------------------
808050 0.06 14 1.2
---------------------------------------------------------------------------
808052 0.19 23 1.5
---------------------------------------------------------------------------
808053 0.69 42 0.6
---------------------------------------------------------------------------
808058 0.06 34 0.9
---------------------------------------------------------------------------
808062 0.1 28 0.7
---------------------------------------------------------------------------
808072 0.23 12 1.6
---------------------------------------------------------------------------
808075 0.08 14 1.1
---------------------------------------------------------------------------
808077 0.06 8 1.45
---------------------------------------------------------------------------
808079 0.19 10 2.15
---------------------------------------------------------------------------
808080 0.06 25 1.1
---------------------------------------------------------------------------
808081 0.22 16 1.1
---------------------------------------------------------------------------
808082 0.19 12 1.35
---------------------------------------------------------------------------
808083 0.16 14 1.5
-----------------------------------------
808084 0.7 91 0.75
-----------------------------------------
808086 0.16 78 1.75 0.26 56.44 4
---------------------------------------------------------------------------
808087 0.19 10 1.3
-----------------------------------------
808088 0.27 8 0.7
-----------------------------------------
808089 0.05 7 2.1 0.13 8.12 4.1
---------------------------------------------------------------------------
808090 0.12 16 1.2
---------------------------------------------------------------------------
808133 0.06 6 1.27
---------------------------------------------------------------------------
808134 0.17 12 1.05
---------------------------------------------------------------------------
808137 0.25 14 0.6
---------------------------------------------------------------------------
808144 0.06 5 1.6
---------------------------------------------------------------------------
808150 0.1 5 0.9
---------------------------------------------------------------------------
808151 0.06 5 1.2
---------------------------------------------------------------------------
808155 0.06 5 1.7
---------------------------------------------------------------------------
808157 0.35 5 1.6
---------------------------------------------------------------------------
808158 0.76 5 0.5
---------------------------------------------------------------------------
808159 0.42 5 1
---------------------------------------------------------------------------
808160 0.68 5 2.45
---------------------------------------------------------------------------
808161 0.71 5 1.5
---------------------------------------------------------------------------
808162 1.18 6 1.3
---------------------------------------------------------------------------
808163 0.88 5 1.05
---------------------------------------------------------------------------
808164 1.27 5 0.8
---------------------------------------------------------------------------
808165 0.55 5 2.3
---------------------------------------------------------------------------
808166 0.79 5 0.6
---------------------------------------------------------------------------
808168 0.79 20 1.4
---------------------------------------------------------------------------
808169 0.76 5 1.5
---------------------------------------------------------------------------
808170 0.59 5 1.8
-----------------------------------------
808171 0.71 5 1.2 0.64 5 3
---------------------------------------------------------------------------
808172 0.75 5 1.6
---------------------------------------------------------------------------
808173 0.39 5 1.2
---------------------------------------------------------------------------
808174 0.72 5 1.75
---------------------------------------------------------------------------
808175 0.78 11 0.9
-----------------------------------------
808176 0.4 5 1.45
-----------------------------------------
808177 0.56 5 1.1 0.55 6.57 3.45
---------------------------------------------------------------------------
808178 1.51 9 0.8
---------------------------------------------------------------------------
808179 0.54 5 1.2
---------------------------------------------------------------------------
808180 0.84 8 1.5
-----------------------------------------
808181 0.81 8 0.85
-----------------------------------------
808182 0.46 5 1.05 0.72 7.07 3.4
---------------------------------------------------------------------------
808183 0.55 5 1.25
---------------------------------------------------------------------------
808184 0.5 5 1.4
---------------------------------------------------------------------------
808185 0.78 5 1.3
---------------------------------------------------------------------------
808186 0.79 10 1.05
---------------------------------------------------------------------------
808187 0.79 6 0.8
---------------------------------------------------------------------------
808188 0.65 5 0.8
-----------------------------------------
808189 0.8 8 1.75
-----------------------------------------
808190 1.2 8 1.45 0.92 7.4 4
---------------------------------------------------------------------------
(i) Weighted averages are given for sets of contiguous samples only.
To view the map accompanying this press release, please click on
the following link:
http://media3.marketwire.com/docs/gng1118.jpg
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: Golden Goliath Resources Ltd. J. Paul Sorbara, M.Sc.,
P.Geo President & CEO +1(604)-682-2950 +1(604)-685-3764 (FAX)
jps@goldengoliath.com www.goldengoliath.com
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