Vancouver, April 15, 2019, Golden Goliath Resources Ltd (TSX.V GNG ) (US: GGTH-F)
The Company is pleased to announce that it has been able to complete the 2019 assessment work required by the Mexican government on its 100% owned San Timoteo property in Chihuahua Mexico. In December 2018 the Companyʻs Board to suspend sending personnel or contractors to the property for security reasons.
The assessment requirement for 2019 is approximately $19,000.00 Canadian dollars. The work completed was the dewatering and cleaning of the number 5 level tunnel (also known as San Martin) along with the widening of the tunnel in certain locations. The work was conducted by locals living in the village of Uruachic, headed by the local prospector who worked for the Company for many years. No outside contractors were employed and there were no security problems.
“This work would be required before any underground drilling could take place should the security situation change, and if the Company should decide to sell or option the property the work would still be needed to allow interested parties access to the tunnel and the known mineralized zones exposed within it” says Golden Goliath CEO Paul Sorbara, “We are pleased with this development”.
The Company is now focused on exploring its properties in Ontario, but also has operations in Mexico, through its wholly owned and funded Mexican Subsidiary, Minera Delta S.A. de C.V., the Company will continue to own 100% of its San Timoteo property in Chihuahua and the net smelter royalties from the 7 recently optioned properties, as well as the La Cruz property, which lies in another area of the State.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Qualified Person for the information regarding Ontario properties is J. Paul Sorbara M.Sc., P.Geo. The Company is focused on exploring and developing the gold and silver potential of properties in the Red Lake District of Ontario. The Company also holds a 100% interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as NSR royalties on several other nearby properties, and 100% of the La Cruz property, also in Chihuahua.
To find out more about Golden Goliath visit our website at www.goldengoliath.com.
FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.
J. Paul Sorbara, M.Sc., P.Geo
President & CEO
Phone: +1(604) 682-2950 Email: firstname.lastname@example.org
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