GOLDEN GOLIATH PREPARES FOR 2017 EXPLORATION

http://www.goldengoliath.com/2017/06/07/golden-goliath-prepares-for-2017-exploration/

The Company is pleased to announce that it is preparing to start its 2017 exploration program on its 100% owned San Timoteo property, located in the Uruachic mining district in Chihuahua Mexico. The program will be a continuation and expansion of the work conducted in 2016 designed to strengthen and increase the number of drill targets to be tested in an upcoming major drilling program.

The 2016 program involved using the Company’s Terraspec machine to analyze clay minerals from existing, property wide, drill core and other samples including samples from the area of the 500 level San Martin adit.  That work showed that the Level 5 tunnel at San Martin (the lowest old working on the San Timoteo property), is above the “bonanza zone” or paleo boiling level indicating greater potential at depth.

Previous, detailed mapping and rock channel sampling within the Level 5 tunnel revealed that there are three mineralized shoots exposed within San Martin. A zone of manto, or blanket, style mineralzation was also identified in this area. The shoot closest to the entrance of the 500 level tunnel is known as Manatial. This structure is exposed for 32 metres with a weighted average of 0.301 ppm gold and 212 ppm silver. In the central area of the tunnel, the La Cascada structure is exposed for 78 metres and averages 0.629 ppm gold and 68 ppm silver. At the far end of the 500 level, the Pozo de Agua structure is exposed for at least 84 metres, with continuous channel sampling averaging 0.795 ppm gold and 251 ppm silver. Additional non continuous sampling outside of this section also returned good values. The true thickness and grade of the blanket or manto style mineralization is not certain due to limited exposure.

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