New Risk • Aug 01
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (114% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.62m market cap, or US$3.30m). Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Frank Hogel was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Apr 15
Golden Goliath Resources Ltd. announced that it has received CAD 0.600201 million in funding On April 14, 2026, Golden Goliath Resources Ltd. closed the transaction. The company issued 5,001,671 units issued at a price of CAD 0.12 for gross proceeds of CAD 600,200.52. Each unit is comprised of one common share and one whole warrant entitling the holder to purchase one additional common share for a period of 12 months at a price of CAD 0.15. The Company paid a finders' fee to Clarence Financial Pty Ltd. of CAD 9,287 cash and 77,394 warrants having the same terms as the warrants under the Units. The transaction included participation by insiders of the Company in an amount of 1,041,666 units. All securities issued under this private placement will be subject to a hold period for four months and a day in accordance with applicable securities laws. New Risk • Nov 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 94% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 30% per year over the past 5 years. Shareholders have been substantially diluted in the past year (94% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$3.95m market cap, or US$2.80m). Annuncio • Nov 06
Golden Goliath Resources Ltd. announced that it has received CAD 1.196043 million in funding On November 4, 2025. Golden Goliath Resources Ltd announced that it has closed the transaction. It has issued 23,920,857 units issued at a price of CAD 0.05 per unit for gross proceeds of CAD 1,196,042. The company paid a finder's fee to Clarence Financial Pty. Ltd. of CAD 46,552 cash and 931,042warrants, having the same terms as the warrants under the units. Annuncio • Jul 11
Golden Goliath Resources Ltd. Appoints Mr. Jonathan Cole as Chief Geologist, Effective July 10, 2025 Golden Goliath Resources Ltd. announced the appointment of Mr. Jonathan Cole as Chief Geologist, effective July 10, 2025. Mr. Cole brings over four decades of international exploration and development experience to the Company and will play a key role in advancing Golden Goliath's strategic initiatives. Mr. Cole, a British-born geologist with a B.Sc. (Hons) in Geology, began his career at the Les Mines Selbaie Copper/Gold Mine with BP Minerals in Canada. Since then, he has worked across the globe, contributing to the discovery, delineation, and early-stage development of numerous resource projects. His experience spans the Middle East and North Africa (MENA), Australasia, the United Kingdom, Papua New Guinea, and South America. Mr. Cole has held senior technical, commercial, and managerial roles with notable organizations including BP, Ampolex Ltd, and Oil Search Ltd. His leadership and deep geological insight will significantly support Golden Goliath's mission to develop high-value mineral assets and enhance shareholder value. Annuncio • Jul 08
Golden Goliath Resources Ltd. announced that it expects to receive CAD 1 million in funding Golden Goliath Resources Ltd announces a private placement to issue 20,000,000 units at a price of CAD 0.05 for gross proceeds of CAD 1,000,000 on July 7, 2025. Each unit consists of Common share and warrant. The company has retained Clarence Financial Pty. Ltd. as corporate adviser and agreed to pay Clarence a finder's fee of 5 per cent in cash and 5 per cent in warrants having the same terms as the warrants forming part of the units. Clarence specializes in the provision of investment banking services for corporate advisory and capital market transactions. The units will be subject to a statutory hold period of four months and a day from the closing date of the offering. The offering remains subject to regulatory approval. Annuncio • Jul 02
Golden Goliath Resources Announces Resignation of Daniel Nofrietta Fernandez from the Board of Directors, Effective Immediately Golden Goliath Resources Ltd. announced the resignation of Mr. Daniel Nofrietta Fernandez from the Board of Directors, effective immediately. Golden Goliath is in the process of a strategic review and is evaluating potential candidates to fill vacancies within the Company and will provide updates as appropriate. New Risk • Jul 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.0m free cash flow). Share price has been highly volatile over the past 3 months (28% average weekly change). Earnings have declined by 1.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$1.15m market cap, or US$829.5k). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Annuncio • Apr 01
Golden Goliath Resources Ltd. announced that it expects to receive CAD 1.3 million in funding Golden Goliath Resources Ltd. announced a non-brokered private placement of 26,000,000 non flow-through units at a price of CAD 0.05 each for the gross proceeds of CAD 1,300,000 on March 30, 2024. Each warrant entitling the holder to purchase an additional common share at a price of CAD 0.10 for a period of 24 months from the date of closing of the private placement. The Units will be subject to a statutory hold period of four months and a day from the closing date of the Offering. The company may pay a finder's fee on a portion of the gross proceeds of the private placement. The Offering remains subject to regulatory approval. Annuncio • Feb 17
Golden Goliath Resources Ltd., Annual General Meeting, Apr 16, 2024 Golden Goliath Resources Ltd., Annual General Meeting, Apr 16, 2024. Location: Vancouver, BC VANCOUVER Canada Annuncio • Jan 18
Golden Goliath Resources Ltd. announced that it expects to receive CAD 1.9 million in funding Golden Goliath Resources Ltd. announced a non-brokered private placement to issue a combination of flow-through units priced at CAD 0.11 with a warrant priced at CAD 0.16 and non flow-through units priced at CAD 0.08 with a full warrant priced at CAD 0.16 for the gross proceeds of up to CAD 1.9 million on January 17, 2024. Each full warrant will entitle the holder to purchase an additional common share at a price of CAD 0.16 for a period of 24 months from the date of closing of the private placement. The units will be subject to a statutory hold period of four months and a day from the closing date of the Offering. The Company may pay a finder's fee on a portion of the gross proceeds of the private placement. The offering remains subject to regulatory approval. Annuncio • Oct 13
Golden Goliath Resources Ltd. Reports Initial Results of the Exploration Program At Their Manicouagan Project Central Quebec Golden Goliath Resources Ltd. reported initial results of the exploration program at their Manicouagan Project central Quebec. The project is still ongoing. The Manicouagan Project consists of four properties covering anomalous Rare Earth Element occurrences just to the south of the Manicouagan impact crater. The initial program consisted of ground geophysics, geology, and geochemistry to identify the source of lake sediment anomalies and to assess previously known anomalous rock samples. Along with highly prospective metamorphic and igneous complexes Manicouagan project has excellent infrastructure with hydro power facilities and access with highway 389 splitting the properties and secondary access provided by recent forestry activities. The properties are all underlain by metamorphic and intrusive complexes of the Grenville geological province. The rock and till sampling program confirmed the presence of anomalous values in most of the rare earth elements along with Rubidium, Strontium, Thorium, and Zirconium. Mapping found significant thicknesses and generations of apparently prospective pegmatites intruding into the host gneiss and granites. [FB1] Of the numerous pegmatites occurring on the properties and underlying the radiometric features recently identified by Golden Goliath, it is considered that sufficient magnetic contrast can be resolved between the various combinations of pegmatite and host rocks that a detailed, high-resolution drone magnetometer survey will allow them to reliably identify potentially mineralized pegmatite bodies under the modest local till cover. Broad spatial correlation of radiometric features with previously known and recently identified, pegmatitic, potential REE host features is highly encouraging and validatesthe exploration approach used. Greater refinement of these radiometric features into well-defined REE targets is considered to be possible using the drone-mag methodology . Annuncio • Oct 12
Golden Goliath Resources Ltd. announced that it has received CAD 0.394 million in funding On October 11, 2023, Golden Goliath Resources Ltd. closed the transaction. The company has issued 1,900,000 non-flow-through units at a price of CAD 0.10 for the gross proceeds of CAD 190,000 in its second and final tranche closing. The company has also issued 1,900,000 non flow-through warrants. All securities issued will be subject to a hold period of four months and a day. The company paid a finder's fee of CAD 16,320 in cash and issued 136,000 warrants, having the same terms as the warrants under the units. The company has received total CAD 394,000 in the transaction. New Risk • Sep 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended November 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 24% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.35m market cap, or US$1.74m). Minor Risks Latest financial reports are more than 6 months old (reported November 2022 fiscal period end). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). New Risk • Aug 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.12m market cap, or US$1.58m). Minor Risk Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Annuncio • Jul 15
Golden Goliath Resources Ltd. announced that it expects to receive CAD 0.4 million in funding Golden Goliath Resources Ltd. announced a non-brokered private placement of combination of flow-through units at a price of CAD 0.12 per unit and non flow-through units at a price of CAD 0.10 per unit for the aggregate gross proceeds of CAD 400,000 on July 14, 2023. Each full warrant will entitle the holder to purchase an additional common share at a price of CAD 0.20 for a period of 24 months from the date of closing. The units will be subject to a statutory hold period of four months and a day from the closing date of the offering. The company may pay a finder's fee on a portion of the gross proceeds of the transaction. The transaction is subject to the approval of regulatory authorities. Annuncio • Feb 18
Golden Goliath Resources Ltd., Annual General Meeting, Apr 18, 2023 Golden Goliath Resources Ltd., Annual General Meeting, Apr 18, 2023. Annuncio • Jan 20
Broad Gold Zones Discovered at Golden Goliaths Wish Ore Property Golden Goliath Resources Ltd. reported on the results of the preliminary drill program at its 100% owned Wish Ore prospect north of Sault Ste. Marie, Ontario. The program targeted the two main showings on the property and IP chargeability with coincident gold geochemical anomalies near the showings. Four drill holes totaling 583 meters were completed to provide Golden Goliath geologists a better understanding of the geology, structures and alteration associated with the known gold values. All four holes intersected sheared and altered mafic to intermediate volcanics with variable amounts of intermixed meta sediments restricted to the Trench Zone. The New Zone has shown encouraging quartz veining structures consistent with the ones mapped in the historical work, with sulfide content varied from trace to 5% associated with silicification and quartz carbonate alteration. The holes in the Trench Zone revealed interesting folded sections, with quartz carbonate veining in the hinge zone vicinities returning anomalous gold values, as well as deformed quartz chlorite carbonate veins associated with chalcopyrite mineralization. Broad intersections of anomalous gold values were returned. Including 16m with a high of 0.388 gpt over 4 meters, 23m with a high of 0.885 gpt over 4 meters, and 15m with a high of 0.883 gpt over 6m all from W22-01. From W22-04 over 3km along strike to the northeast returned 41m with a high of 0.705 over one meter, and 23m with a high of 1.125gpt over one meter. Some of the best looking intervals seen in the logging process were found in W22-02. These many have been compromised by the core shack fire despite the success of recovering representative samples from the drill hole. The Wish Ore property is over 13 km long and hosts a high strain zone that is about 6 km long and up to one km wide. Numerous gold showings have been found on surface with grab samples up to 25 gpt and channel samples up to 9 gpt over 1 m. This large zone has never been drilled before the current program and affords an excellent exploration target. Location and access are excellent. Annuncio • Dec 08
Golden Goliath Resources Ltd. Completes Drill Holes At Wish Ore Property Golden Goliath Resources Ltd. announced that the drilling of the proposed holes has now been completed on its 100% owned Wish Ore project, located 12 km from the Trans-Canada Highway north of Sault Ste Marie, Ontario. Samples from Hole 1 have been sent to the laboratory, but core from the other holes is still being logged and sampled. The purpose of this program was to do a preliminary drill test of the known showings to get a better understanding of the mineralization, geology, structure, and alteration associated with the known gold values. The company find the core quite interesting and are doing detailed geological analysis. This preliminary drill program consisted of 4 diamond drill holes totaling 583 meters. The program targeted the two main showings on the property and IP chargeability with coincident gold geochemical anomalies near the showings. W22-01 The hole was drilled for 201 meters, located 130 meters to the northwest of the New Zone. The drill hole targeted an IP chargeability anomaly which is coincident with anomalous gold, arsenic, and copper in soil. W22-02 Was drilled for 101 meters targeting the New Zone trench that had returned channel sample results of 4.28 gpt gold over 3 meters, including 1 meter of 9.05 gpt gold within a larger area of anomalous gold results. The entire hole showed alteration with quartz veining. A 10-meter zone near the bottom of the hole with sulfides is particularly interesting. W22-03 This hole was drilled for 170 meters and located 120 meters north of the trench zone, targeted on an IP chargeability anomaly with coincident gold in soil anomalies. W22-04 Was drilled on the Trench Zone for 111 meters. The Trench zone is a broad area of quartz carbonate alteration with anomalous gold values of up to 0.5 gpt over 2 meters. Alteration with quartz veining and sulfides are present throughout the hole, with a 40-meter section with more intense silicification and sulfides. Permitting is presently underway to allow for a potential winter geophysics program to better refine the possible source of the mineralized boulders along the trend north of Crack Mouse Lake. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Frank Hogel was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Nov 15
Golden Goliath Resources Ltd. Commences Next Phase of Exploration At Wish Ore Property Golden Goliath Resources announced that the preparatory work for the preliminary drilling has been completed on its 100% owned Wish Ore project, located 12 km from the Trans-Canada Highway north of Sault Ste Marie, Ontario. The drill and crew arrive on site. The purpose of this program is to do a preliminary drill test of the known showings to get a better understanding of the mineralization, geology, structure, and alteration associated with the known gold values. The access and drill pads have been prepared. As company continue to refine the preliminary drill program the project will now consist of 4 drill holes totaling approximately 600m. The program will target the two main showings on the property and IP chargeability with coincident gold geochemical anomalies near the showings. Target 1 will focus on the New Zone trench that returned channel sample results of 4.28 gpt gold over 3 meters, including 1 meter of 9.05 gpt gold within a larger area of anomalous gold results. Target 2 ~130 meters to the north, will target an IP chargeability anomaly which is coincident with anomalous gold, arsenic, and copper in soil. Target 3 will focus on the Trench Zone, a broad area of quartz carbonate alteration with anomalous gold values of up to 0.5 gpt over 2 meters. Target 4 ~120 meters north of the trench zone, will focus on an IP chargeability anomaly with coincident gold in soil anomalies. Permitting is presently underway to allow for a potential winter geophysics program to better refine the possible source of the mineralized boulders along the trend north ofCrack Mouse Lake. Annuncio • Oct 26
Golden Goliath Resources Begun on Its 100% Owned Wish Ore Project, Located 12 Km from the Trans-Canada Highway North of Sault Ste Marie, Ontario Golden Goliath Resources announced that work has begun on its 100% owned Wish Ore project, located 12 km from the Trans-Canada Highway north of Sault Ste Marie, Ontario. The purpose of this program is to do a preliminary drill test of the known showings to get a better understanding of the mineralization, geology, structure, and alteration associated with the known gold values. Crews are now onsite building access and drill pads. The planned preliminary drill program on the project will consist of 5 drill holes totaling approximately 600m. The program will target the two main showings on the property and IP chargeability with coincident gold geochemical anomalies near the showings. Annuncio • Jul 28
Golden Goliath Resources Receives Results of the Phase 1 Work Program on Their Wish Ore Prospect Golden Goliath Resources has received results of the Phase 1 work program on their Wish Ore prospect. The program of prospecting and geological mapping provided the follow up to the 2021 airborne geophysical survey. Two trends of mineralization and anomalous gold values have been located. The northern trend adjacent to the northeast trending Carp River fault is associated with sheared and iron carbonate altered intermediate to mafic volcanics in contact with banded iron formation. The southern trend is parallel and hosts the high strain zone with associated quartz iron carbonate alteration of the intermediate to mafic volcanics. High gold values identified previously seem to occur localized within these two trends. Based on the geological mapping the company believe there are previously unrecognized structural controls associated with the high gold values. Results from Phase 1 returned numerous anomalous gold values. The highest rock sample value was 160 ppb. Analysis of the Geochem data set is ongoing to identify gold vectors that may assist the understanding of these structural controls. Plans for a preliminary drill program to test the known gold showings are currently being reviewed. Annuncio • Jun 09
Golden Goliath Resources Ltd. Announces Completion of the 2022 Phase 1 Work Program on Their 100% Owned Wish Ore Property Golden Goliath Resources Ltd. announced the completion of the 2022 Phase 1 work program on their100% owned Wish Ore property. The program of prospecting and geological mapping provided the follow up to the 2021 airborne geophysical survey that outlined 19 Areas of Interest All of the high priority targets were covered in the current phase 1 work. On the west grid the Phase 1 program extended the iron carbonate alteration package within the area of high strain east of the New Zone to the area of AOI 8. Numerous outcrops of Iron Quartz Carbonate were sampled. On the east grid the program extended the alteration package 500 meters along strike to the east between the Trench zone and anomaly 4. Locally intense iron carbonate alteration with extensive quartz veining with up to 5% pyrite and chalcopyrite was mapped and sampled along the trend. Northwest of the West Grid prospecting and mapping identified alteration and quartz veining in disrupted Iron Formation in close proximity to Iron Carbona altered intermediate volcanics. Annuncio • May 26
Golden Goliath Resources Ltd. announced that it has received CAD 0.3 million in funding On May 25, 2022, Golden Goliath Resources Ltd. closed the transaction. The company has issued 6,000,000 non-flow
through shares priced at CAD 0.05 for gross proceeds of CAD 300,0000. Shares issued pursuant to this closing will be subject to a hold period expiring September 3, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Frank Hogel was the last independent director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • Apr 07
Golden Goliath Resources Ltd. announced that it expects to receive CAD 0.5 million in funding Golden Goliath Resources Ltd. announced a non-brokered private placement of flow-through units at a price of CAD 0.05 per unit, and non flow-through units at a price of CAD 0.05 per unit; for aggregate gross proceeds of up to CAD 500,000 on April 6, 2022. Each full warrant will entitle the holder to purchase an additional common share at a price of CAD 0.07 for a period of 24 months from the date of closing of the transaction. All the securities issued are subject to a statutory hold period of four months and a day from the closing date of the offering. The company may pay a finder's fee on a portion of the gross proceeds of the transaction. The offering remains subject to regulatory approval. Annuncio • Jan 12
Golden Goliath Resources Ltd. Identifies High Priority Exploration Targets on Wish Ore Property Golden Goliath Resources Ltd. reported that the Company has received the finalinterpretation on the airborne geophysics survey that was flown on the Wish Oreproject last season. The excellent work by Mr. Diorio has identified 19 Areas of Interest (AOIs) for follow-up. While all of the anomalies look very encouraging, the most exciting of these areAOI 4 and AOI 8 which are located adjacent to known gold mineralization on theproperty at the Trench zone and the New Zone. AOI 1 and AOI 15 show large-scalepotential as they appear to be associated with a 700 meter zone of interpreted flexurealong the deep seated Carp River fault and the intersection of a northwest trendingstructure. AOI 13 is also an anomaly near the junction of the Carp River Fault and anorthwest trending structure. Prospecting in 2019 identified large angular mineralizedboulders 200 meters down ice southwest of this anomaly. In the underexploredsouthwest end of the property AOI 7 consists of an anomalous northwest trending maglow which cuts three east west trending mag highs. The area of the mag low isassociated with VLF conductors and interpreted structures. This is interpreted torepresent an area of alteration where magnetic minerals were destroyed by thealteration similar to what is seen in the areas of intense quartz carbonate alterationelsewhere on the property. Board Change • Sep 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Frank Hogel was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 15
Golden Goliath Resources Ltd. to Resume Drilling at Kwai Property, Red Lake, Ontario Golden Goliath Resources Ltd. announced that it has now signed a diamond drilling contract with Niigaani Drilling Ltd. for the continuation of the drill program at the Kwai property in the Red Lake District of Ontario. At least 3,000m of drilling is planned with an approximate start date of July 10. Drilling is currently planned to start on the peninsula near the south-shore of Beauregard Lake with step outs from drill hole K21-21. Drill hole K21-21 is the site where recent drilling on a strong one kilometer IP trend produced an important gold value hosted in sericite schists with associated pyrite and minor chalcopyrite. Hole K21-21, drilled on line 1600E, intersected 824 ppb gold over 1 metre from 103 - 104 m in rocks dipping south at 80 deg. The eastern 600m of this anomaly occurs on the peninsula while the remainder extends west under a bay heading to the West Grid. The company intends to follow this unit in the search for the numerous gold grins in basal till found on the West Grid. Project QP, RS Middleton P.Eng, points out that a number of gold discoveries have been made in similar shears in the Porcupine Camp and in Hemlo where anomalous gold occurs exceeding 300 ppb with the ore zones occurring within 100m of the anomalous value. These values are a good guide to more mineralization. Also of note, this shear zone occurs south of the Pakwash Fault near the contact of a large felsic tuffaceous sediment sequence exposed on the shore of the lake, and a mafic package of Uchi rocks discovered by drilling. As a result, other IP anomalies south of the Pakwash require follow up. In addition this gold intersection occurs east of the west grid gold till anomalies from a possible source area for the high gold grain counts in the tills. The assay results for drill holes k21-22, 23 & 24 are not yet complete. Annuncio • Jun 11
Golden Goliath Resources Ltd. Discovers New Gold Bearing Shear Zone At Kwai - Pakwash Property, Red Lake, Ontario Golden Goliath Resources received the final assays for 5 drill holes that were drilled along the south shore of Beauregard lake (holes K21-17- 21) during the week of May 10. The holes were designed to test an IP anomaly found during the lake IP survey conducted earlier this year. Results for the drill holes on the north side of the lake, designed to test the Whale anomaly are not yet complete. Drilling on a strong one kilometer I.P. trend on the south side of Beauregard Lake has produced an important gold value hosted in sericite schists with associated pyrite and minor chalcopyrite. Hole K21-21 drilled on line 1600E intersected 824 ppb gold over 1 metre from 103 - 104 m in rocks dipping south at 80 deg. The eastern 600m of this anomaly occurs on a peninsula on the south shore of Beauregard Lake where the remainder extends west under a bay heading to the West Grid. Also in the past two weeks a Mise a la Masse geophysical survey has been carried out to assist in tracing the massive sulfide zone identified in holes K21-22 and K21-23 on the Whale anomaly on the north side of the lake. This survey will track the sulfide zone and the parallel package of felsic volcanics within and parallel to the Pakwash fault. All the gold values reported in this round of drilling were obtained by assaying 30 gm samples prepared at SGS Red Lake and were fire assayed. Blank and standards were inserted into the sample stream alternating at 25m intervals. Annuncio • Mar 10
Golden Goliath Resources Ltd. announced that it expects to receive CAD 1 million in funding Golden Goliath Resources Ltd. (TSXV:GNG) announced a non brokered private placement of up to CAD 1,000,000 on March 9, 2021. The financing consists of combination of flow-through units priced at CAD 0.115 with a half warrant priced at CAD 0.2 and non-flow-through units priced CAD 0.2 with a full warrant priced at CAD 0.2. Each full warrant will entitle the holder to purchase an additional common share at a price of CAD 0.2 for a period of 24 months from the date of closing. The securities will be subject to a hold period of four months and a day. The company may pay a finder's fee of up to 6 per cent on a portion of the gross proceeds. The transaction is subject to regulatory approval. Annuncio • Mar 06
Golden Goliath Identifies New Strong IP Anomalies Located in Beauregard Lake Up Ice from Gold in Glacial Till Golden Goliath Resources Ltd. announced that IP survey run from the frozen surface of Beauregard Lake has now been completed after experiencing delays due to -40 C temperatures. A new set of IP anomalies has been discovered along the north edge of the lake following the Pakwash Fault trend. These are stronger than all previous anomalies. They sit in a unique resistivity setting totally different than any previous anomaly seen along the fault. This particular set of anomalies can be reached by drilling from shore as they are within 50m of the north shore of the lake, and occur on lines 1400E, 1600E, 1800E and 2000E along the north shore of the lake. A second IP trend has been located in the felsic tuffs seen on the south shore of the lake which align with IP anomalies on land to the east where a rusty till sample containing 13 grains of gold was found. Therefore two new types of anomalies have appeared which will be tested in this next round of drilling. The second trend described above will be initially tested as a trail for access is prepared for the new large anomaly near the north shore of the lake on lines 1600E and 1800E. Drilling has now resumed in the area of the rusty till sample with 13 gold grains collected last summer. Planned hole K21-17 was originally to be located 200m east of drill hole K21-15. However, as drilling resumed, a frozen solid water supply creek made it necessary to move the drill from the trend south of the Pakwash Fault on the East Grid that was being tested
with holes K21-15 and K21-16 to the south shore of the lake, just up ice from the rusty till sample. Drilling here will test the new IP trend where water can be drawn directly from the lake. Drill Hole K21-17, located on line 2200E near the southeast corner of the lake. Drilling of the previously planned holes on the East Grid will resume as the weather warms up enough to allow water flow. Annuncio • Feb 20
Golden Goliath Resources Ltd., Annual General Meeting, Apr 20, 2021 Golden Goliath Resources Ltd., Annual General Meeting, Apr 20, 2021. Annuncio • Feb 18
Golden Goliath Resources Ltd. Identifies New Drill Targets by IP on Bearegard Lake Golden Goliath Resources Ltd. has been carrying out a number of exploration approaches on the Kwai property in Red Lake this winter. This includes IP surveys on the ice of Beauregard Lake, lake sediment sampling of the lake bottom and drilling east of the lake on the strongest IP anomalies found to date on the property. Although the IP survey on the lake ice is not yet completed, one of the newest discoveries has been IP anomalies found within the felsic tuff volcanic sediment sequence seen outcropping on the shore of Beauregard Lake. These rocks have not been encountered in any
previous drilling but may be the equivalent of the felsic volcanics and sediments found to the north on the Great Bear Dixie property. Two IP
trends have been found so far in the lake IP survey. One follows the anomalies along the Pakwash Fault and the other is located in the felsic
tuffs on the south shore of the lake. Both of these anomaly trends can be reached by drilling from the shore with each trend being in the order of 50m
from shore. Permits to drill from the ice have also been received as well as from sites along the shore line giving flexibility on how to test these zones.
IP surveying will continue on six more lines later this week after temperatures return to more normal levels and the machinery, instruments
and people work better. Annuncio • Feb 11
Golden Goliath Resources Ltd. announced that it has received CAD 0.2534 million in funding On February 9, 2021, Golden Goliath Resources Ltd. (TSXV:GNG) closed the transaction. The company closed the second and final tranche on the same day. The company has issued a total of 1,445,000 non-flow through units and 533,334 flow-through units in the transaction.
TSX Venture Exchange accepted filing for the transaction. The transaction included participation from 11 placees including 7 flow-through and 4 common. The company paid finder's fee of $7,400 in cash to Bob Middleton, $1,920 in cash to Gerhard Merket, $750 in cash to PI Financial Corp. Annuncio • Feb 05
Golden Goliath Resources Ltd. Announces Drill Program Update for Kwai Project, Red Lake, Ontario Golden Goliath Resources Ltd. has now resumed drilling on its Kwai property in the Red Lake District, northwest Ontario. The drill is currently completing the first hole of the 2021 session, which is the 15th hole of the entire program. This drill hole (K21-15), located on Line 4900E, is one of many that will test the strongest IP anomalies on the East Grid, which lie just south of the Pakwash Fault. As of midday February 3, drill hole K21-15 had encountered over 100m of disseminated and remobilized sulphides hosted in a dark hornblendite which is interpreted to be a komatiitic and iron rich basalt of Uchi Age. Coarse grained pyrite and chalcopyrite also occurs in quartz and on slip planes with 1% chalcopyrite. This amount of sulphide explains the strong chargeabilities that extend from lines 4300E to 5500E, 250m south of the Pakwash Fault trend. The whole rock analysis carried out on the West Grid has confirmed the classification of these basalts which were previously unknown because they were buried beneath overburden in the valley that follows the Pakwash structure. The Uchi Age basalts are the main host rocks for the Red Lake gold mines, ie the Campbell, Cochenour and Red Lake - former Dickenson Gold Mines. The proposed holes have been selected from a list of 40 targets on the East and Central Grids, with the first five targets being the strongest chargeabilities found on the whole property to date. The new access road completed in December makes logistics much easier for this winter's drill program, with all of the holes just 100 to 500 m from this road. Drill pads are now completed on this 1.2 km trend of IP Anomalies (L4300- 5500E) where drill holes will test the IP to determine which areas require infill drilling or back up holes. Drill trails to all sites are frozen and should last until spring break up in April. The IP survey on Beauregard Lake is also now under way. It will cover a two km section of the Pakwash Fault that sits up ice from gold grains found in the glacial till on the West Grid. The survey will fill in a large gap in the overall IP coverage, as the rest of the IP survey was done during the summer months. The coverage of this gap is important because airborne Mag and EM surveys show that a large splay fault cuts the main Pakwash break beneath the lake and that is a prime gold exploration target. Similar splay faults also occur on the East Grid and are included in the selected holes. Those splay faults occur to the east of gold grains found on the East Grid and the ice direction is from the northeast. Drilling of the targets generated by the Beauregard Lake IP survey will be in addition to the currently planned holes on the East and Central Grids. A survey of the Beauregard Lake sediment geochemistry is also underway at this time and this data will also guide the lake drilling. The permit to allow drilling from the ice on Beauregard Lake has now been received and the permit is valid for three years. Annuncio • Jan 08
Golden Goliath Resources Ltd. Resumes Exploration on Its Kwai Project in the Red Lake District of Ontario Golden Goliath Resources Ltd. announced the resumption of exploration on its Kwai project in the Red Lake district of Ontario. The Kwai project covers a 10 km section of the Pakwash fault south of Red Lake, adjoining the Dixie Lake area currently being explored by Great Bear Resources and BTU Metals. A new road that links the East Grid to the South Dixie road (new GNG access road) has been completed and will be plowed immediately to allow access for the geophysical crew who will survey Beauregard Lake with IP- Resistivity starting January 10th. This grid will cover a 2 km section of the Pakwash Fault covered by the lake in an area thought to be one of the sources for gold grains in the tills on the West Grid. Splay faults crossing beneath the lake will also be surveyed. This survey will fill in a large gap in the overall IP coverage, as the rest of the IP survey was done during the summer months. The coverage of this gap is important because airborne Mag and EM surveys show that a large splay fault cuts the main Pakwash break beneath the lake and that is a prime gold exploration target. Diamond drill pads will be placed in advance on as many as 20 targets on the East and Central Grids, linking them to the new road access to the East Grid. The East Grid is also an area that could be a possible source of gold grains in the till. Drilling on the Central Grid, south of Beauregard Lake will be included in this phase as access to this area is also gained from the new GNG access road. In addition, drilling on the west grid has discovered a wide belt of Uchi age rocks of basalt composition, which appears to extend into the south part of the East grid. Recently received Whole Rock geochemical analysis shows that these basalts are the type of host rock found in the mines in Red Lake. Drilling will begin when the drill pads are ready in the later part of January. Annuncio • Dec 03
Golden Goliath Resources Completes Four Drill Holes on the Southern Trend of IP Anomalies on the West Grid of Its Kwai Project Golden Goliath Resources has completed four drill holes on the southern trend of IP anomalies on the West Grid of its Kwai Project. These four holes (K20-11 to K20-14) have discovered a large cross section over 400m wide of Uchi basalt and porphyry rocks originally thought to be English River metasediments and gneisses. This discovery is significant in that the Uchi rocks are the main hosts for the Red Lake gold mines and now can see that a large part of the Kwai property contains an extensive belt of these favourable rocks, which expands target areas across the property. The three trends of IP anomalies on the southern portion of the West Grid have only been drilled on two lines 0+00 and 200E, with two holes on each line. These IP trends continue to line 10 west, or one kilometer. These targets remain untested as do the additional numerous IP trends that occur on the eastern grid. The Company is awaiting assays for the completed drill holes before further drilling. The boundary of the English River Sub Province is complicated by the occurrence of both major deep seated faults and associated splay and parallel faults which are potential controlling structures for gold mineralization. These faults appear to have repeated the Uchi sequence by possible thrusting although folding has not been ruled out. Annuncio • Nov 27
Golden Goliath Resources Ltd. Completes the First 14 Drill Holes of A 6,000M Drill Program on Its Kwai Property in the Red Lake Mining District Golden Goliath Resources Ltd. announced that it has completed the first 14 drill holes of a 6,000m drill program on its Kwai property in the Red Lake mining district. The 14 holes completed to date on the West Grid total 3527 metres. The program is fully funded and the Company will still have sufficient working capital to increase the drill meterage. Of those holes, 10 were drilled on the "Northern Trend" of IP anomalies along the main Pakwash Break. This represents about 1.6 km of the 10 km strike length of the Pakwash Break on the Kwai property. All of the holes through the Pakwash Fault have been sent for multi element ICP analysis with aqua regia digestion and in the first 6 holes (K20-01 to K20-06) some check assays and resampling results remain outstanding (18 samples from holes 04 and 05, and 8 from 06). The results received to date for these first 6 holes, which cover 1.4 km of strike, do not give significant gold intercepts, however samples with elevated copper, antimony, molybdenum, arsenic and tungsten have been noted. Assays for holes 07 to 14 are pending. Drill holes K20-07 to K20-10 are to the east of holes K20-01 to K20-06 ending 50m from Beauregard Lake. Drill holes K20-11 to k20-14 are on the Southern Trend of IP anomalies on the West Grid. K20-14 is a longer hole that will end with a deeper test of the main break on the northern trend. These four holes have identified a revised geological picture not previously known, as they have now connected with the geology of the northern trend to give a better understanding of the boundary between the Uchi Formation to the north and the English River Formation to the south. Drilling on the southern trend has discovered that Uchi basalt and porphyry rocks occur in a 400m wide section where it was thought to be all English River gneiss. The cross section showing this relationship is currently being finalized. The East Grid also contains both main Pakwash Break anomalies as well as other shear zone IP targets south of the Break over 4.0 km of strike length. A number of sulphide zones occurred in favorable Uchi rocks south of the main Break on the West Grid, which suggest that the targets with a similar setting on the eastern part of the property have better potential for hosting precious metal mineralization. However, the source of the numerous pristine and modified gold grains found in basal till across the property has not yet been determined. Several ice directions have been measured by the Company from glacial striations on the property and also from the Pakwash Lake area taken from government Quaternary maps. These ice travel directions range from about Az 200 degrees to Az 270 degrees. This variability indicates that the ice flowed in several local directions as it moved generally from the northeast to the southwest. Pristine gold grains are thought to be close to their source. Modified gold grains are thought to have travelled up to about 1.5 km. Taking both the pristine grains and all other gold grains into account, along with the range of ice directions, a probable source area has been plotted. It has been postulated that a large number of the pristine grains may have been derived from sulphide grains that have oxidized. This suggests there may be a sulphide source in the area containing gold which would have been detected by the IP survey. Therefore many IP anomalies remain to be tested on the eastern part of the property. The majority of till sample sites on the East Grid did not reach bedrock where the till is situated due to the presence of a clay layer and the limited depth reach of the excavator. Many more gold grains may have been found if these sites could have been dug deeper. There may also be targets beneath the lake, where no IP coverage exists. In addition some areas considered as granite north of the lake are known to contain large blocks or sections of volcanics leaving additional areas to be followed up. Annuncio • Nov 20
Golden Goliath Drilling Discovers Mineralization in New Setting on Southern Anomaly Trend on Kwai Project, Red Lake, Ontario Golden Goliath drilling discovered mineralization in new setting on Southern Anomaly trend on Kwai Project, Red Lake, Ontario. The focus of the ongoing drill program on the west grid has moved from the northern trend of IP anomalies along the interpreted trend of the Pakwash Fault to the southern trend of IP anomalies and shear zones as announced in the November 10, 2020 news release. Two holes K20-11 and K20-12 on line 200E have discovered a wide section of Uchi type basalts and porphyry within the English River Sub Province suite of rocks, which is a new phenomenon not known previously. Hole K20-12 was drilled to 180m at -50 degrees north to test IP anomalies south of Hole K20-11. It intersected basalts and porphyry the whole length of the hole but was intruded by many pegmatite dikes and some granite, leaving over 75% of the hole in Uchi rocks. Hole K20-12 came below the collar of hole K20-11 which had Uchi basalts and porphyry in the upper part of that hole. Wide spread disseminated pyrite in these Uchi rocks explained some of the IP anomalies. Hole K20-11 had a 13m section of disseminated sulphides, whereas hole K20-12 had a 14m section which correlated to the IP anomalies on line 200E and also had wide spread disseminated sulphides in the remaining Uchi type rocks. Some pegmatites also contained disseminated pyrite which might have been picked up as they passed through Uchi rocks. The porphyry has been metamorphosed,however, the "robins egg blue" quartz was preserved. A 40m section of sheared porphyry was encountered in the lower part of hole K20-11 as this hole passed into tuffaceous rocks seen in hole 06. Small segments of porphyry then re-appeared as the hole was being completed. There appears to be a metamorphic front defining the English River boundary with Uchi rocks where biotite is the dominant mica in English River and sericite mica is the hallmark of the Uchi rocks. This discovery opens up a large area of the property to further gold exploration in areas considered to be all English River rocks. Numerous anomalies occur on the eastern part of this 10 km long Kwai property that would fall into this category. Drilling is continuing on the south side of the West Grid. Annuncio • Nov 06
Golden Goliath Resources Ltd. Continues to Discover New Zones of Mineralization Golden Goliath Resources Ltd. continued to discover new zones of mineralization along the Pakwash Fault as exploration continues following this structural trend to the east. These new extensive quartz stockwork zones were not seen in earlier work to the west. Hole K20-08, which was drilled to the south, was completed to 207m from a point 200m east of hole K20-04 and it was discovered that the basalt zone host found along the north side of the Pakwash fault has widened. The porphyry has started to thin going eastward and becomes more silicified. A major fault occurs at 111-114m in K20-08 with contorted, altered mafic volcanics with talc, chlorite and sericite alteration and separates two quartz veining zones from 51 to 110m and 114-187m. This lower section contains wide zones of brecciated quartz besides veining. The veins have pyrite along the walls and also within the veins as well as minor chalcopyrite and tourmaline. Basalt and the porphyry are the host rocks for these new vein stockworks. It was decided as a result of this discovery that two more holes will be drilled to test the Basalt horizon and fault further to the east under Beauregard Lake, and also to test a possible junction of an extensional fault that crosses or is a splay off the Pakwash Fault. The first of these two holes (K20-09) is now underway from a drill pad located 80m east of K20-08 near the shore of Beauregard Lake. K20-09 has found a wider body of porphyry further to the east of hole K20-08 where it was narrowing, as well as altered basalt, and is presently cutting a major shear zone associated with the Pakwash Fault containing pyrite and sericite as seen in earlier holes 03, 06 & 07 to the west. Annuncio • Oct 18
Golden Goliath Resources Ltd.'s Drilling Discovers Wide Shear Zone Along Pakwash Structure Within Favourable Uchi Belt Host Rocks on Kwai Property, Red Lake, Ontario Golden Goliath Resources Ltd. announced to report on the progress being made on the Kwai gold project south of Red Lake Ontario and the continuing drill program to test numerous IP (Induced Polarization) anomalies associated with the Pakwash Fault structure and associated, parallel, splay faults and shears. The Kwai property covers a 10 km section of the Pakwash Fault which partly defines the boundary between the English River Sub Province to the south and the Uchi Province (and greenstone belt) to the north. This structure has never been drilled or mapped in detail on the Kwai property, however, it was outlined by a deep seismic survey by the federal government and found to be linked to other regional deep seated faults that are associated with the main gold mines in Red Lake and the LP fault 15km to the north of the Kwai property on the Dixie Lake property being explored by Great Bear Resources (GBR). Drilling of hole K20-06, referred to in the most recent News Release (September 30, 2020) has been successfully completed to a depth of 399m and has intersected the IP anomaly target hidden beneath conductive overburden (clays and silts). This 50 meter wide intersection of disseminated sulphides was hosted in both sericite schists and tuffaceous felsic volcanics (sericitized) with cherty and siliceous zones. Similar cherty siliceous units were seen in hole K20-03 on line 600W, a distance of 800m away, and in hole K20-05, 200m east of hole 06. These siliceous units are interpreted to be a favourable host for gold mineralization. Hole 06 was the deepest hole to date was drilled south beneath a possible thrust fault plane that brought the English River rocks over top of the south edge of the Uchi rocks which is the main host for gold mineralization in the region. The conclusion is that there is likely a wider zone of favourable Uchi rocks on the Kwai property than previously thought hidden below the thin sheet of English River rocks. The other shears parallel to, but south of the main Pakwash Fault in these Uchi rocks may be very important additional targets for gold. The occurrence of wide zones of disseminated pyrite mineralization associated with the IP anomalies suggests the setting is favourable for gold and the numerous anomalies require an extensive drill program which is fully financed by Golden Goliath. The pristine gold grain count associated with the IP anomalies on both the west and east grid which are now proven to be disseminated pyrite zones is further evidence in the case for gold mineralization associated with the Pakwash Fault. Following the completion of drill hole K20-06, the drill company had to take a two week break, due to a prior commitment on an adjacent property. This hiatus was welcomed by the Company as it has allowed more time for analyses to be completed and evaluated. Although the Company has not yet received any core analyses as of this date, this pause was welcome for planning the next holes. Prior to the start of the drill program, three till samples were recovered from an area south and southeast of Beauregard Lake on the southern part of the property which were down ice from two IP anomaly trends. Although the gold grain counts are less than previous samples and the number of pristine gold grains are less (13 total grains in the rusty till sample), this sampling indicates a possible bedrock source to the north on the Kwai property. This information also indicates that the gold grain count on the property is not homogenous and future sampling could indicate well defined trains of gold grains in till that could lead to a potential source of gold in bedrock, associated with the Pakwash Fault Complex. This has been very helpful for planning future drill holes east of Beauregard Lake. Annuncio • Oct 06
Golden Goliath Resources Ltd. Reaches the First Objective Has Been on the Kwai Property Golden Goliath Resources Ltd. reported that the first objective has been reached on the Kwai property. This objective was to identify shear zones within a basaltic unit along the north contact of the Pakwash Fault. Mineralized shears were intersected by holes K20-04 and 05 respectively on lines 600E and 400E on the east side of the West Grid, and up ice from the till samples that yielded pristine gold grains (Figure 2). The shears were mineralized with fine grained pyrite and a parallel shear was injected with quartz to create a laminated appearance. The basalt marker host can be traced around a large granitic to granodioritic batholith to the Dixie GBR property where the Hinge Zone has been located. Holes 04 and 05 were drilled to the south and as the holes deepened the alteration with sericite mica increased to a point where the rocks became sericite schists, and the basalts and a mafic quartz eye porphyry graded to felsic volcanics both rhyolitic massive horizons and possible tuffs. Two cherty horizons were also intersected, one with 20% pyrite and the other being a banded exhalite horizon. Drilling of the next most important objective is now underway with hole K20-06. This hole, currently in progress, is also in the northeast part of the West Grid and will test two strong IP anomalies related to the Pakwash Fault. To accomplish this, the hole is being drilled southward on line 200E through the basalt horizon tested by hole K20-04 and 05 and is designed to test three potential targets. This 400m hole will give a completed section of the structures and test possible sources for the pristine gold grains found in the overburden. It is expected that the cherty pyritic shears seen in hole 03 on 600W may appear here in this section. At the time of this news release, hole K20-06 was crossing the basalt horizon where numerous quartz veins, shears, and disseminated sulphide zones are being encountered, as well as a new type of siliceous grey porphyry cutting the older mafic porphyry. The geological environment now appears to contain a multiphase intrusion of porphyries which is a good target for gold mineralization. Sample splits have been sent for 4 holes as of 25 and a fifth shipment was made on 28th. Logging and splitting is continuing on hole K20-06. Annuncio • Sep 22
Golden Goliath Resources Ltd. Announces Update on Diamond Drilling Program on Its Kwai Property in the Red Lake Mining District Golden Goliath Resources Ltd. announced that the diamond drilling program on its Kwai property in the Red Lake Mining District is progressing well and the Company is extremely pleased with the initial core that is being logged. The program is designed to test the Pakwash Break along 10 kilometers of strike length with approximately 40 holes totaling 6,000 meters. Although the main focus of the drilling is aimed at the Pakwash Fault and associated deformation zones, a number of other splay faults and parallel IP trends will also be tested. The drilling was planned to start in the NE corner of the West Grid where there are several high priority targets with very strong IP anomalies and numerous till samples with pristine gold grains. However, heavy rain just before mobilization resulted in local flooding and the order of drilling had to be changed due to access difficulties. Therefore, drilling started on the west side of the grid, close to the main access road, with holes K20-01, 02 and 03. The west side anomalies were to be drilled later in the program after completing the holes the company will be drilling in the NE area of the grid later this week. Previous till sampling on lines 0+00 and 200E and 400E yielded pristine gold grains in the vicinity of the stronger IP anomalies, making those areas of higher priority. Fortunately the first holes yielded very valuable information. Drilling started with hole K20-01, collared at 800W, 800N and drilled to the south at - 50 degrees to the final depth of 141 meters. This initial hole discovered a large quartz eye porphyry body, with robins egg blue quartz eyes, within the Pakwash main break. Shear zones within this porphyry control numerous quartz veins with fine grained pyrite along the walls of the veins. Fine grained pyrite occurs in the porphyry matrix. Tourmaline is also present. This type of intrusion is often associated with gold deposits in the area and in other gold camps. In addition, shear zones on the margin of the porphyry contain disseminated sulphides and quartz veining containing sulphides. Therefore it is expected that the rest of the IP trend extending to line 600E from 800W will contain sulphide zones associated with this major structure, a distance of 1600m or one mile. The second hole (K20-02) was completed on 800W, 600N drilled northward towards hole K20-01 in a scissor like fashion and intersected porphyry from 57.45m to 243m with occasional pegmatite dikes and also hit the mineralized section seen in hole 01 giving for the first time a section of the Pakwash Fault area. Hole K20-02 begins in highly metamorphosed rocks that were once tuffaceous sediments and are now biotite quartz schists with thin layers of felsic tuffs like those seen on the shoreline of Beauregard Lake, but as the hole progressed north it passed into less altered tuffs and quartz eye porphyry. Sulphides are present, including chalcopyrite. Therefore a section of the English River Sub Province and Uchi Sub Province has been found with Uchi being the belt hosting the Red Lake Gold Camp. Management is excited to have the IP anomaly confirmed as shears with sulphides which are a typical host for gold mineralization, and in a major fault structure related to the other controlling structures in the Red Lake Camp. While access to the east side was being improved, a third hole (K20-03) was drilled 200m east of hole K20-02 on 600W to test the continuation of the porphyry system. Hole K20-03 encountered again a highly metamorphosed section of tuffaceous sediment with pegmatites and many remobilized quartz veins containing pyrite and tourmaline and sericite-biotite mica. Then the hole entered the quartz eye porphyry at 161.1m and cut a wide zone with disseminated sulphides similar to hole K20-02, however the amount of fine grained pyrite was increasing and is associated with silicified zones that appear like bedding due to the intense shearing. These units are fine grained, grey siliceous altered zones with porphyry along the margins and require further examination. Hole K20-03 contained over 100m of porphyry, and ended at 260m near the north granite contact. Hence a complete cross section of the Pakwash Fault and Sub Province boundaries has been intersected. Annuncio • Aug 07
Golden Goliath Resources Ltd. announced that it has received CAD 2.61199 million in funding On August 4, 2020, Golden Goliath Resources Ltd. closed the transaction. The company issued 15,763,267 non flow- through units and 1,237,500 flow- through units for gross proceeds of CAD 2,631,000 in the transaction. Annuncio • Jun 30
Golden Goliath Resources Ltd. announced that it expects to receive CAD 2.5 million in funding Golden Goliath Resources Ltd. (TSXV:GNG) announced a non-brokered private placement of flow-through units at price of CAD 0.20 per unit and non flow-through units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 2,500,000. on June 29, 2020. Each flow-through unit consist of one common share and half warrant at a price of CAD 0.30 and each non flow-through unit consists of one common share and warrant at a price of CAD 0.30. Each full warrant will entitle the holder to purchase an additional common share at a price of CAD 0.30 for a period of 24 months from the date of closing of the transaction subject to accelerated expiry should the common shares trade on the TSX Venture Exchange at a price equal or greater than CAD 0.30 per share for a period of 20 consecutive trading days during the exercise period, the company may accelerate the expiry date of the warrants to 30 calendar days from the date express written notice is given by the company. The securities to be issued are subject to hold period of four months and a day from the closing date of the transaction. The company may pay a finder’s fee. The transaction remains subject to regulatory approval.