Exploration Update For Nopalera Property

 

VANCOUVER - Golden Goliath has made great advances in defining the resource potential on the Company's 100% owned Nopalera property in the Sierra Madre Gold-Silver Belt of northwestern Mexico.

Nopalera is strategically located between joint venture with Agnico Eagle on our Los Hilos property and Fresnillo PLC's Orisyvo deposit with a 9.2M ounce porphyry-related gold resource. Mineralization within the Sierra Madres is mainly structurally controlled. The company has mapped many of these regional structures on Nopalera including some of the same structures that host gold deposits within the region.

Analysis of these structures that run through Nopalera show extensive zones of silicification and vuggy quartz which demonstrate there were mineralizing events.  Vuggy quartz is critical as it is only found in association with high sulphidation epithermal mineralization, such as at Orisyvo.

Further detailed analysis of the mineralization along these structures show coincident gold anomalies which clearly demonstrate the potential of hosting a gold deposit.  Coincident anomalies in silver, barite, antimony and molybdenum represent the pathfinder elements for a potential porphyry deposit at depth, such as is found on Fresnillo╒s adjacent property.

Golden Goliath CEO, Paul Sorbara comments " The detailed study and interpretation of these mineralizing structures, their geochemistry and pathfinder elements has led to many discoveries in the Sierra Madre including over 9 million ounces of gold at Orisyvo, next door." Our work has focused on these same principles and we are confident it will lead to the same success.