GOLDEN GOLIATH TO RESUME DRILLING AT KWAI
TSX.V:GNGwww.goldengoliath.comGOLDEN GOLIATH TO RESUME DRILLING AT KWAI PROPERTY,RED LAKE, ONTARIOVancouver, June 14, 2021, Golden Goliath Resources Ltd. (TSX.V GNG ) (US:GGTH-F) (Frankfurt: GGZ)Golden Goliath Resources is pleased to announce that it has now signeda diamond drilling contract with Niigaani Drilling Ltd for the continuation ofthe drill program at the Kwai property in the Red Lake District of Ontario.At least 3,000m of drilling is planned with an approximate start date of July10.Drilling is currently planned to start on the peninsula near the south-shoreof Beauregard Lake with step outs from drill hole K21-21 (Figure 2). Drillhole K21-21 is the site where recent drilling on a strong one kilometer IPtrend produced an important gold value hosted in sericite schists withassociated pyrite and minor chalcopyrite. Hole K21-21, drilled on line1600E, intersected 824 ppb gold over 1 metre from 103 - 104 m in rocksdipping south at 80 deg. The eastern 600m of this anomaly occurs on thepeninsula while the remainder extends west under a bay heading to theWest Grid (Figure 2). The Company intends to follow this unit in the searchfor the numerous gold grins in basal till found on the West Grid (Figure 3).Corporate Office – CanadaSuite 711 675 West Hastings Street, Vancouver, BCV6B-1N2, CanadaTel: (604) 682-2950Fax: (604) 685-3764Email: jps@goldengoliath.comCorporate Office – MexicoMinera Delta S.A. de C.V.C. Juan Felipe Orozco #516Col. San Felipe 31240 Chihuahua, Chih.Tel and Fax: (011 52) 614 414 6226Email: danielnosfrietta@prodigy.net.mx
Figure 1: Red Lake District Properties including the Kwai and SLF properties of Golden GoliathFigure 2 IP anomalies and drill holes at Beauregard LakeCorporate Office – CanadaSuite 711 675 West Hastings Street, Vancouver, BCV6B-1N2, CanadaTel: (604) 682-2950Fax: (604) 685-3764Email: jps@goldengoliath.comCorporate Office – MexicoMinera Delta S.A. de C.V.C. Juan Felipe Orozco #516Col. San Felipe 31240 Chihuahua, Chih.Tel and Fax: (011 52) 614 414 6226Email: danielnosfrietta@prodigy.net.mx
Project QP, RS Middleton P.Eng, points out that a number of golddiscoveries have been made in similar shears in the Porcupine Camp andin Hemlo where anomalous gold occurs exceeding 300 ppb with the orezones occurring within 100m of the anomalous value. These values are agood guide to more mineralization.Also of note, this shear zone occurs south of the Pakwash Fault near thecontact of a large felsic tuffaceous sediment sequence exposed on theshore of the lake, and a mafic package of Uchi rocks discovered by drilling.As a result, other IP anomalies south of the Pakwash require follow up.In addition this gold intersection occurs east of the west grid gold tillanomalies from a possible source area for the high gold grain counts in thetills (Figure 3).The assay results for drill holes k21-22, 23 & 24 are not yet complete. TheMise a la Masse survey conducted on holes 22 and 23 has been completedand shows a conductive body. Interpretation and follow up is still inprogress and will be discussed in a future news release.Corporate Office – CanadaSuite 711 675 West Hastings Street, Vancouver, BCV6B-1N2, CanadaTel: (604) 682-2950Fax: (604) 685-3764Email: jps@goldengoliath.comCorporate Office – MexicoMinera Delta S.A. de C.V.C. Juan Felipe Orozco #516Col. San Felipe 31240 Chihuahua, Chih.Tel and Fax: (011 52) 614 414 6226Email: danielnosfrietta@prodigy.net.mx
Figure 3 Gold Grains Probable Source Area Plot For the West GridThis news release has been reviewed by R.S. Middleton P.Eng who isacting as QP for this phase of the exploration under the NI 43-101requirements.On behalf of the Board of DirectorsPaul Sorbara, MSc, PGeoCEO, Golden Goliath Resources Ltd.Corporate Office – CanadaSuite 711 675 West Hastings Street, Vancouver, BCV6B-1N2, CanadaTel: (604) 682-2950Fax: (604) 685-3764Email: jps@goldengoliath.comCorporate Office – MexicoMinera Delta S.A. de C.V.C. Juan Felipe Orozco #516Col. San Felipe 31240 Chihuahua, Chih.Tel and Fax: (011 52) 614 414 6226Email: danielnosfrietta@prodigy.net.mx
About Golden GoliathGolden Goliath Resources Ltd. is a junior exploration company listed on the TSX VentureExchange (symbol GNG). The Company is focused on exploring and developing the gold andsilver potential of properties in the Red Lake District of Ontario. The Company also holds a100% interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains ofnorthwestern Mexico, as well as NSR royalties on several other nearby properties.To find out more about Golden Goliath visit our website at www.goldengoliath.com.Cautionary Statements Regarding Forward Looking InformationCertain statements included herein may constitute “forward-looking statements”. All statementsincluded in this press release that address future events, conditions or results, including inconnection with exploration activity, future acquisitions and any financing, are forward-lookingstatements. These forward-looking statements can be identified by the use of words such as“may”, “must”, “plan”, “believe”, “expect”, “estimate”, “think”, “continue”, “should”, “will”, “could”,“intend”, “anticipate” or “future” or the negative forms thereof or similar variations. Theseforward-looking statements are based on certain assumptions and analyses made bymanagement in light of their experiences and their perception of historical trends, currentconditions and expected future developments, as well as other factors they believe areappropriate in the circumstances. These statements are subject to risks, uncertainties andassumptions, including those mentioned in the Company’s continuous disclosure documents,which can be found under its profile on SEDAR (www.sedar.com). Many of such risks anduncertainties are outside the control of the Company and could cause actual results to differmaterially from those expressed or implied by such forward-looking statements. In making suchforward-looking statements, management has relied upon a number of material factors andassumptions, on the basis of currently available information, for which there is no insurance thatsuch information will prove accurate. All forward-looking statements are expressly qualified intheir entirety by the cautionary statements set forth above. The Company is under no obligation,and expressly disclaims any intention or obligation, to update or revise any forward-lookingstatements, whether as a result of new information, future events or otherwise, except asexpressly required by applicable law.FOR MORE INFORMATION CONTACT:Golden Goliath Resources Ltd.J. Paul Sorbara, M.Sc., P.GeoPresident & CEOPhone: 1(604) 682-2950 Email: jps@goldengoliath.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined inthe policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of thisrelease.Corporate Office – CanadaSuite 711 675 West Hastings Street, Vancouver, BCV6B-1N2, CanadaTel: (604) 682-2950Fax: (604) 685-3764Email: jps@goldengoliath.comCorporate Office – MexicoMinera Delta S.A. de C.V.C. Juan Felipe Orozco #516Col. San Felipe 31240 Chihuahua, Chih.Tel and Fax: (011 52) 614 414 6226Email: danielnosfrietta@prodigy.net.mx
Corporate Office – CanadaSuite 711 675 West Hastings Street, Vancouver, BCV6B-1N2, CanadaTel: (604) 682-2950Fax: (604) 685-3764Email: jps@goldengoliath.comCorporate Office – MexicoMinera Delta S.A. de C.V.C. Juan Felipe Orozco #516Col. San Felipe 31240 Chihuahua, Chih.Tel and Fax: (011 52) 614 414 6226Email: danielnosfrietta@prodigy.net.mx
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