Golden Goliath Resources Ltd.: Drilling Indicates Widespread Disseminated Gold Mineralization
2010年9月15日 - 1:45AM
Marketwired
Golden Goliath Resources Ltd. (TSX VENTURE: GNG)(PINK SHEETS:
GGTH-F) -
Highlights
-- LH-21 (entire drill hole) has 151m of 0.25 g/t gold in Filo de Oro zone-
mineralization is open to depth in all directions
-- Filo de Oro zone has 1360m of strike length with assayed holes to date
hosting disseminated gold mineralization underlain by high-grade silver
veins
-- Drill Hole LH-18 a new discovery hole with wide mineralized zones
related to intrusions indicating possible large tonnage potential at
depth.
Golden Goliath is pleased to announce that the diamond drilling
program on its Las Bolas - Los Hilos project is progressing well.
The two part, 4,000 metre program started in July with surface
diamond drilling in the Los Hilos area. To date, ten of the 21
planned holes have been completed. Drilling in the Las Bolas area
will commence upon completion for the Los Hilos drilling. The
drilling program is designed to accomplish several objectives; to
increase the existing inferred resource, to substantiate the
previously estimated potential target of the 12 known vein systems
in the western portion of the property, evaluate at depth the
rapidly developing open pit potential of the Filo de Oro trend and
target the high grade veins.
Drilling to date has discovered wide spread disseminated gold
mineralization over a 660m area extending south of the Los Hilos
tunnel. The area north of the tunnel is now being tested and the
first hole in this zone, located approximately 700m north of the
tunnel, has intersected mineralization, but assays for this hole
are still pending. The drill is currently turning a further 100m to
the north. The Company is very pleased with the confirmation of
mineralization over the Filo de Oro trend. Mineralization is hosted
in a felsic rock sitting on top of higher grade zones.
The geological model of disseminated gold, hosted in felsic
rocks, sitting on top of higher grade veins, hosted in mafic rocks,
is true. The current drilling has proven that the disseminated gold
mineralization on top with high grade silver veins deeper below
exists over a wide area. Mineralization is also hosted in
brecciated, porphyritic intrusive rocks, which indicates potential
for a porphyry gold deposit. The drilling has been shallow to date,
but the results to date indicate increasing potential at depth and
deeper holes are being planned to further test this exciting
area.
Based on the Company's work, Filo de Oro has two components. A
large, near surface zone from 200 to 440 metres in width and
approximately 230 metres thick, overlies near-vertical
high-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.
High Grade vein Target(s):
LH-02 & LH-03 targeting Mosca de Plata intersected the high
grade vein and returned ore grade intercepts. LH-02 drilled a wide
zone of 138 g/t Ag, 0.11 g/t Au over 16.35m, including 343 g/t Ag
and 0.12 g/t Au over 4m. LH-03 intersected the same vein system 55m
to the east, with high grade sections such as 286 g/t Ag over
6.05m, including 485 g/t Ag over 3.5m.
The LH-12 and LH-13 were drilled to test the down-dip extension
of underground channel-sampled high-grade-vein that returned 33.7
g/t Au, 205 g/t Ag over 3.7m. LH-12 returned 0.31 g/t Au over 16.8m
& 32.60 g/t Ag, 0.34 g/t Au over 1.2m. Additional holes are now
being planned to test the down dip extension of the high grade gold
values in the tunnel from a different location based on the new
information.
Disseminated gold Target:
Drill holes LH-04, LH-05, LH-18 & LH-21 were drilled in the
upper part of the Los Hilos area to test the high-grade
disseminated target. Complete assays for LH-04 & LH-05 are
pending. The top part of the drill hole LH-05 is mineralized as
0.26 g/t Au over 20m including 0.31 g/t Au over 15.05m (bottom part
assays are awaited).
LH-18 was drilled 650m south of the Los Hilos tunnel to test a
high-grade breccia on surface that had returned 8 g/t Au in
historic sampling. Drill hole LH-18 intersected several porphyries
and a mineralized granodioiritc intrusive. Two wide zones of gold
mineralization of 0.22 g/t over 22.4m & 0.20 g/t over 30.1m
were encountered in this drill hole.
LH-21 is mineralized in its entire 151m length of 0.25 g/t gold
and the mineralization is open to depth and along strike. The
current drilling, especially LH-18, LH-21, indicate that we are
sitting on top of a large mineralized system and further deeper
exploration of this system is essential to realize its full
dimensions. Please refer to the drill hole plan map
(http://media3.marketwire.com/docs/0914gng.jpg).
The disseminated gold mineralization is also appearing in the
felsic rocks underlain by agglomerates. The upper parts of holes
LH-02, LH-03 also have disseminated style gold mineralization in
the felsic rock. A summary in table form follows:
LOS HILOS DRIILING SUMMARY:
Ten drill holes, drilled to-date, and totaling 1461.7m targeting
both disseminated and high-grade vein system in the Los Hilos Area;
given below is the summary of the results.
--------------------------------------------------------------------------
From To Width
Drill (metre) (metre) (metre) Target Comment
--------------------------------------------------------------------------
Hole abandoned due to technical problems (Encountered underground
LH-01 workings)
--------------------------------------------------------------------------
LH-02 71.65 88 16.35 Mosca de Plata Veins 138 g/t Ag,
system 0.11 g/t Au
over 16.35
--------------------------------------------------------------------------
Including
--------------------------------------------------------------------------
LH-02 84 88 4.0 Mosca de Plata Veins 343 g/ Ag,
system 0.12 g/t Au
over 4m
--------------------------------------------------------------------------
LH-03 0 36.55 36.55 Los Hilos Vein- 0.22 g/t Au
system & Mosca de over 36.6m.
Plata vein-structure
--------------------------------------------------------------------------
LH-03 76.40 77.7 1.3 Los Hilos Vein- 148 g/t Ag,
system 0.17 g/t Au
over 1.3m.
--------------------------------------------------------------------------
LH-03 106.9 112.95 6.05 Mosca de Plata vein- 286 g/t Ag
structure over 6.05m
--------------------------------------------------------------------------
Including
--------------------------------------------------------------------------
LH-03 106.9 110.4 3.5 N40 degrees W vein 485 g/t Ag
system-Pozo de Oro over 3.5m.
--------------------------------------------------------------------------
LH-04 RESULTS PENDING
--------------------------------------------------------------------------
LH-05 RESULTS PENDING
--------------------------------------------------------------------------
LH-12 23.20 40.00 16.8 Los Hilos Veins & 0.31 g/t Au
Breccia over 16.8m.
--------------------------------------------------------------------------
LH-12 194.00 195.15 1.2 Los Hilos Veins & 32.60 g/t Ag,
Breccia 0.34 g/t Au
over 1.2m.
--------------------------------------------------------------------------
LH-13 No Significant Assays
--------------------------------------------------------------------------
LH-18 19.09 41.49 22.4 Lazaro Breccia and 0.22 g/t Au
Veins over 22.4m.
--------------------------------------------------------------------------
LH-18 119.6 149.7 30.1 Lazaro Breccia and 0.20 g/t Au
Veins over 30.1m.
--------------------------------------------------------------------------
LH-19 RESULTS PENDING
--------------------------------------------------------------------------
LH-21 0 151 151 Filo de Oro Zone 0.25 g/t Au
over 151m.
The Entire
Drill Hole is
mineralized.
--------------------------------------------------------------------------
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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Golden Goliath Resources Ltd. J. Paul Sorbara, M.Sc.,
P.Geo President & CEO +1(604)-682-2950 jps@goldengoliath.com
www.goldengoliath.com
Golden Goliath Resources (TSXV:GNG)
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Golden Goliath Resources (TSXV:GNG)
過去 株価チャート
から 1 2024 まで 1 2025
