More High Grade Gold and Silver Results at Las Bolas
VANCOUVER, BC - Golden Goliath Resources Ltd. reported that assays from recent infill underground chip sampling of the Station 37 area within the old Las Bolas mine tunnel have now been received. The recently assayed samples have returned gold values as high as 51.2 grams/tonne gold over 0.75 metres, and as high as 2,300 grams/tonne silver over 1.2 metres. This infill chip sampling and detailed 1:50 scale geologic mapping program, along with other work recommended by the independent consultant responsible for the 43-101 compliant resource estimation, is designed to increase sampling density resulting in geological and grade continuity confidence. This type of data will be used to document mineral values for a select number of Golden Goliath's exploration projects within the 100% owned Uruachic Camp, in
In addition to the infill sampling program, Golden Goliath's exploration team has been completing highly detailed 1:50 scale maps of the Las Bolas tunnel at the request of the independent consultant administering the inventory report. There have been a total of 65 new chip samples collected from Station 37) and it is important to note that these assay results are not repeats of previous chip samples, but comprise new information. The assay results, like those recently released from Station 19, show the presence of high grade silver and gold mineralization not only in the structure, but in its hangingwall and footwall as well.
Station 37, and the previously announced Station 19, occur on the northeast trending Las Bolas vein structure and are believed to be high grade mineralized shoots along the trace of the structure. The Las Bolas project is believed to be comprised of several en-echelon vein structures of undetermined extent. The vein structures are named Las Bolas - Gambusino, Frijolar, Guadalupana, El Corazon. In addition, the El Manto zone, which follows the contact of andesitic rocks above and metamorphic rocks below, is believed to be a flat lying zone.
Station 37 is approximately 200 metres further along the Las Bolas workings than Station 19. The main portion of Station 19 covers a length of approximately 45 metres in the Las Bolas tunnel, and is approximately 60 metres below the surface.
The recent results from stations 19 and 37, along with reverse circulation drill hole B-04-3, (154 grams/tonne silver with 3.22 gms gold/tonne 12.3 metres, including 515 gms/tonne silver and 11.1 gms gold/tonne over 3.1 metres), clearly show that this is a substantial zone, over 200 metres long, containing much higher gold values. Additional drilling will be needed to test the extent of this zone to depth and along strike.
The company’s address is Suite #711, 675 West Hastings Street, Vancouver, BC V6B 1N2, (604) 682-2950, fax: (604) 685-3764, email: [email protected].