GNG Golden Goliath Resources Ltd

Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F) - 

Highlights



--  DRILLING CONFIRMED 1380M LONG AND 540M WIDE NEAR SURFACE GOLD-SILVER
    MINERALIZATION 
--  ORITO ZONE - A NEW DISCOVERY- HAS RETURNED 44.25M OF 72 G/T SILVER &
    0.75 G/T GOLD (1.95 G/T GOLD EQUIVALENT) 
--  STEP OUT DRILLING TO THE NORTH AND SOUTH OF FILO DE ORO ZONE HAS PROVEN
    CONTINUITY OF THE NEAR SURFACE GOLD-SILVER MINERALIZATION 



Golden Goliath has received assays for the six diamond drill holes targeting (i)
Orito Zone, (ii) Filo de Oro North, and (iii) Filo de Oro South Zones at the
Company's Las Bolas-Los Hilos Project. 


i. ORITO ZONE - NEW DISCOVERY: 

The Orito Zone was discovered through surface mapping and sampling in the 2010
exploration program. Surface sampling at Orito found 46m of 50 g/t silver and
0.48 g/t gold (1.31 g/t gold Equivalent), 35m of 27 g/t silver and 1.17 g/t gold
(1.62 g/t gold equivalent). Two drill holes 100m apart were planned to test the
continuity of this mineralization at depth. Results are given below.




---------------------------------------------------------------------------
                                 ORITO ZONE                                
---------------------------------------------------------------------------
                                                                       Gold
Drill Hole    From(m)      To(m)   Width(m)   Gold g/t Silver g/t     Eq.(i)
---------------------------------------------------------------------------
LH-14              0      44.25      44.25       0.752         72  1.95 g/t
---------------------------------------------------------------------------
LH-15              0      51.85      51.85        0.41         42  1.12 g/t
---------------------------------------------------------------------------
(i) Gold Equivalent = gold + Silver/60      



The continuity of the mineralization at surface and at depth combined with the
mineralization being open in all directions and the proximity to other known
mineralized zones is very encouraging. The Los Hilos Tunnel is just 250m east
while the Las Bolas Tunnel is just 780m northwest of Orito. Please refer to the
plan map for drill hole locations.


ii. FILO de ORO NORTH: 

The Filo de Oro North Zone discovery was announced in the Company's last news
release. One drill hole 100m step out to the north drilled a wide zone of near
surface gold-silver mineralization. The step out drilling to the north has
increased the strike length of this mineralized Zone to 1380m. The Filo de Oro
North Zone is open in all directions; Details in the table below.




---------------------------------------------------------------------------
                             FILO de ORO NORTH                             
---------------------------------------------------------------------------
                                                                       Gold
Drill Hole    From(m)      To(m)   Width(m)   Gold g/t Silver g/t     Eq.(i)
---------------------------------------------------------------------------
LH-11            5.2       29.1       23.9        0.66         20  0.99 g/t
---------------------------------------------------------------------------
(i) Gold Equivalent = gold + Silver/60      



iii. FILO de ORO SOUTH: 

Two drill holes at the Filo de Oro South Zone were intended to extend the
mineralization south. Drilling was at the higher/elevated portion of this Zone
at different angles. The shallower hole confirms the higher grade mineralization
near surface while the steeper hole confirms the Zone widens at depth. Results
of LH-24 & LH-26 are summarized in the table below.




---------------------------------------------------------------------------
                             FILO de ORO SOUTH                             
---------------------------------------------------------------------------
                                                                       Gold
Drill Hole    From(m)      To(m)   Width(m)   Gold g/t Silver g/t     Eq.(i)
---------------------------------------------------------------------------
LH-25          10.80      16.80        6.0        0.35         35  0.93 g/t
           ----------------------------------------------------------------
               23.00      24.55       1.55        1.24         63  2.29 g/t
---------------------------------------------------------------------------
                                 Including                                 
---------------------------------------------------------------------------
LH-25          24.05      24.55       0.55        3.08        143  5.46 g/t
---------------------------------------------------------------------------
LH-26             17       23.6       6.60         1.5         59  2.49 g/t
---------------------------------------------------------------------------
LH-26          118.2      165.1       46.9        0.36         31  0.87 g/t
---------------------------------------------------------------------------
(i) Gold Equivalent = gold + Silver/60      



The Company has also received assays for the remaining part of LH-06 where the
Company drilled multiple zones including 17.55m of 1.06 g/t gold and 9 g/t
silver (1.21 g/t gold Eq.) The hole has ended in mineralization.


Company President & CEO, Paul Sorbara, said in a commentary on the recent
drilling: "The recent results indicate that northwesterly structures control
mineralization and that is of primary importance going forward as northwesterly
structures are important at nearby surrounding deposits. The newly discovered
zones, with very good, near surface gold-silver grades over large intervals
certainly substantiate the Company's goal to establish a large open pit-able
gold and silver resource. The recent results, with every single hole-drilled
intersecting mineralization in the areas drilled, are beyond our expectations."
Mr. Sorbara states further "we will evaluate and integrate these results to
increase our existing mineral inventory at the Los Bolas-Los Hilos Project. Our
geological model for the Los Hilos side of the property, of disseminated gold
and silver, hosted in felsic rocks, sitting on top of higher grade veins, hosted
in mafic rocks, appears to be correct as the current drilling has proven that
disseminated gold-silver mineralization situated above higher grade silver veins
below exists over a wide area. Mineralization is also hosted in brecciated,
porphyritic intrusive rocks, which indicates potential for a porphyry gold
deposit. Several drill holes have also ended in mineralization, clearly
indicating that it is open to depth."


Based on the Company's work, Filo de Oro has two components. A large, near
surface zone up to 540 metres in width and approximately 230 metres thick,
overlies near-vertical higher-grade-vein feeder zones that are beneath and cut
through the surface zone. The roughly north-south Filo de Oro trend is a
topographic high located at the east end of the east-west Las Bolas, Frijolar
and Corazon trends. These three east- west trends host the other 12 known vein
systems on the Las Bolas property and the main Las Bolas Mine workings which
were the focus of the NI 43-101 report completed last fall.


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 and
approved 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.


To view the map associated with this press release, please click on the
following link: http://media3.marketwire.com/docs/gg111.pdf

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