Golden Goliath expands mineralization at San Martin Tunnel

Golden Goliath Resources Ltd. has announced that a comprehensive underground chip sampling and mapping program, combined with diamond drilling, on the San Martin tunnel has returned significant assays that have greatly expanded the known mineralization.

This new set of information, which includes grab samples from a new zone averaging 6.8 gm gold/tonne and 2,158 gm silver/tonne, builds on previously reported results of 10 metres grading 6.7 gm gold/tonne and 131.6 gm silver/tonne.

The recently completed chip sampling and mapping program has outlined the following mineralized areas within the recently rehabilitated San Martin tunnel.

The chip sampling and mapping program has outlined the following mineralized areas within the recently rehabilitated tunnel which are denoted as Zones A, B and C.

President and CEO Paul Sorbara says, we are very excited about this latest round of underground chip sampling and drill core assays. The ST-DD-08-5 drill hole expands the known mineralized area by adding a perpendicular zone, while the ST-DD-08-7 hole adds additional depth and an additional eastern zone.

These newly discovered mineralization expansion zones are very encouraging because they allow us to justify a future resource calculation as we had originally planned.

Zone A begins approximately 209 metres from the tunnel entrance with all three zones depicted in the graphic included below.

In addition to the above results, drill hole ST-DD-08-7, which undercut the tunnel about 100 metres from the entrance, returned a weighted average of 1.74 gm gold/tonne over 7.75 metres. This further expands the overall zone of gold mineralization by an additional 100 metres.

Zone B opens in 3 directions (North, South and vertically) whereas Zone C opens to the South and vertically.

Both Zones B and C have high grade sections. Zone B has a 10 metre section grading of 6.7 gm gold/tonne and 131.6 gm silver/tonne.

Zone C returned 3 grab sample assays averaging 6.8 gm gold/tonne and 2,158 gm silver/tonne. Zones B and C are part of Zone A.