Golden Goliath Resources announced that a new zone of gold and silver mineralization has been identified on Las Bolas property. The Los Hilos Ridge, or Filo de Oro, is a north-south feature that lies at the far eastern edge of the Las Bolas property. The ridge itself is about 1,400 metres long, 200 to 400 metres wide and up to 175 metres high. Several old workings have already been identified that occur over a vertical interval of 105 metres. The Mosca de Plata chip sampling program has confirmed the entire length of the workings is mineralized. The sampling returned an average of 0.98 g/t gold and 104.8 g/t silver over an approximate length of 38m. Within this mineralized length, a 3.7m wide zone returned 2.69 g/t gold and 112 g/t silver.
Golden Goliath Resources announced the results from the preliminary NI 43-101 mineral resource estimate for the Las Bolas Silver-Gold Property in Chihuahua State, Mexico. The inferred resource at a 124.40 g/t Ag cut off is 478,409 t @ 434.07 g/t Ag for 6,676,460 oz silver and 15,012 oz gold. The report also estimates the upper and lower range of the potential target at Las Bolas which is 16,362,000 tonnes @ 213 g/t silver totaling 112 million ounces silver and 6,135,750 tonnes @ 151 g/t silver totaling 30 million ounces of silver, respectively.
Golden Goliath Resources announced from chip sampling assay data from within the Frijolar II tunnel on the Mexican Las Bolas project has now been received and compiled. Values returned within this working include 4.19 m grading 536 gm Ag/t from sample 760551 and 1.72 m grading 726 g/t Ag from sample 760553.
