Golden Goliath Resources Ltd.: New Discovery of Orito Zone Significantly Expands Near Surface Gold-Silver Mineralization Through
2010年11月2日 - 10:30PM
Marketwired
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.
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ORITO ZONE
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Gold
Drill Hole From(m) To(m) Width(m) Gold g/t Silver g/t Eq.(i)
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LH-14 0 44.25 44.25 0.752 72 1.95 g/t
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LH-15 0 51.85 51.85 0.41 42 1.12 g/t
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(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.
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FILO de ORO NORTH
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Gold
Drill Hole From(m) To(m) Width(m) Gold g/t Silver g/t Eq.(i)
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LH-11 5.2 29.1 23.9 0.66 20 0.99 g/t
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(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.
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FILO de ORO SOUTH
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Gold
Drill Hole From(m) To(m) Width(m) Gold g/t Silver g/t Eq.(i)
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LH-25 10.80 16.80 6.0 0.35 35 0.93 g/t
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23.00 24.55 1.55 1.24 63 2.29 g/t
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Including
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LH-25 24.05 24.55 0.55 3.08 143 5.46 g/t
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LH-26 17 23.6 6.60 1.5 59 2.49 g/t
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LH-26 118.2 165.1 46.9 0.36 31 0.87 g/t
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(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
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
