Golden Goliath Announces 2016 Exploration Program on the San Timoteo Property, Chihuahua

News Release – March 16, 2016

The Company is pleased to announce that the 2016 exploration program on its 100% owned san Timoteo property located in the Uruachic district of Northwest Mexico is now underway. The program will involve using the Company’s Terraspec machine to analyze clay minerals from existing drill core and other samples especially from the area of the 500 level San Martin adit.  This will allow the company to build a 3D model of clay mineralogy which will aid in the planning of future drill holes.

The most recent exploration on the San Timoteo property has been concentrated in the area of the past producing San Martin mine. The principal workings at San Martin are at the 500 level adit, which has a diameter of over 3 metres, making it the largest diameter old tunnel in the district.  The 500 level is approximately 500 metres long and is also the only old working in the Uruachic District known to have used tracks.

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