TSX.V : GNG
VANCOUVER, March 28 /CNW/ - The Company is pleased to announce that it is
currently negotiating for a second diamond drill for the major program now
underway at it's 100% owned Uruachic mining camp properties. The second drill,
which will be available in about two weeks, would allow the Company to be more
aggressive in its exploration efforts.
Further to the Company's news release of March 1, the Company anticipates
the close of its $6 million financing in mid April.
Currently, drilling is underway in the area of the old San Martin mine on
the San Timoteo property. The old San Martin adit, which is the only one in
the Uruachic camp known to have tracks, lies just above the bottom of the
arroyo, some 275 vertical metres below the recent drilling. The old records
state that the average production grade from San Martin was 7.8 gm gold/tonne
and 1038 gm silver/tonne. The records state that the structure is 2.2 metres
wide and 1,000 metres long. Assays for the last four short holes drilled near
the San Timoteo workings returned only two intervals with values over 30 gm
silver/tonne. Assay results will be released in batches once they have been
received and analyzed by the Company.
ON BEHALF OF GOLDEN GOLIATH RE
J. Paul Sorbara, M.Sc., P.Geo.
The TSX Venture Exchange has not reviewed and does not approve or
disapprove the adequacy or accuracy of this release.
For further information:
For further information: To find out more about Golden Goliath Resources
Ltd. visit our website at: www.goldengoliath.com