Golden Goliath drilling continues on 2 new zones on Kwai Project, Red Lake
Golden Goliath Resources says drilling of a new IP trend, partially generated by the survey on the frozen lake, has now been completed.
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TWO MAJOR STRUCTURES DISCOVERED BY LAKE IP SURVEY AND INITIAL DRILL HOLES
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SOUTH SHORE ANOMALY RELATED TO PYRITE SERICITE ZONE
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NORTH SHORE ANOMALY CONTAINS MASSIVE SULPHIDE BAND AND DISSEMINATED SULPHIDES IN SHEARS WITH OTHER ZONES OF SILICIFICATION-ALBITIZATION
Five holes have traced a sericite alteration zone with sections of intense silicification and sulphide content over 20%, for a 1.2 km distance between lines 1200E and 2400E. Some of this anomaly trend is on land and some sections are under the shore of the lake and in the bay adjacent to the West Grid. Those anomalies were generated by the IP survey conducted on the frozen lake . It also extends westward from line 1200E across the water to line 600E on the West Grid. This anomaly is distinctive in shape and often shows a classic "pantleg" anomaly, a narrow chargeable anomaly near surface of 10m width. The south shore anomaly was tested first because the drill had already been moved to that area of the lake for access to water. Further infill drilling and undercut holes are anticipated for this trend once the access route has dried up and or refrozen.
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