Golden Goliath drills turning on
Kwai Property, Red Lake/Dixie Lake Area By Kevin Vincent
Golden Goliath Resources put drills into the ground just a few weeks ago and the company is eager to split the core and get it to the lab. The company was excited to announce this Fall that the diamond drilling program on its Kwai property in the Red Lake mining district got underway in mid-September. Given the fact that their closest mining neighbours are Great Bear Resources and BTU Metals, it’s no wonder they’re excited. “We could not be more pleased with the results!” said Golden Goliath CEO Paul Sorbara as the program began. “The airborne geophysics and the IP showed us much more
What can we do for you? According to Wikipedia finance is a field that deals with the study of investments.
Finance can also be defined as
degrees of uncertainty and risk.
aims to price asset
Canada's Solution to the science of money Canada's Solution management. to Strategic Human Resource Strategic Resource It includes the dynamics ofHuman Finance aims to price assets assets and liabilities over time based on their risk level and Consultation and Supply. Consultation and Supply. under conditions of different their expected rate of return,
www.peopleatwork.ca
807-623-6561
@Workforce-Inc
Page62 62 ML&EN NW Ontario Report 2020 Page
than we expected, and it is all good. The till sampling program was excellent, with a total of 62 gold grains in 17 samples being classified as “Pristine”, indicating a local source for the gold. And best of all, they build up into a dispersion train that can be traced back to the two primary IP anomaly trends along the basalt and the shear zone parallel to the felsic tuff-basalt contact. We have the money, we have the evidence that the Pakwash Break is pregnant, we have the targets identified by IP and the gold grains and we have the drill. We could not ask for more at this stage.” Those public comments by Sorbara were made just before the company started drilling which began in mid-September. Drilling itself is expected to take about 70 to 80 working days, with two shifts per day. The company says lab turn-around time for analyses is “uncertain at this point”. The have a core-handling facility in Ear Falls. 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 be tested. The company says another gold particle build up was noted near a central shear-fault in the mid-section of the tuff sequence. “Two other IP trends also occur south of the known tuffs which have yet to be mapped, resulting in a total of five structures that need to be tested. This and the fact that the stratigraphy can be traced northward through the BTU Property to the Great Bear (GBR) Dixie Property gives management confidence the company is in a good location for locating potentially, new gold deposits.”
