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Golden Goliath Resources Starts Diamond Drilling on its Kwai Property in Red Lake Mining District

Mining News - Published on Fri, 18 Sep 2020

Image Source: Golden Goliath Resources
G Resources Ltd announced that the diamond drilling program on its Kwai property in the Red Lake mining district is underway. 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 aimeolden Goliathd at the Pakwash Fault and associated deformation zones, a number of other splay faults and parallel IP trends will be tested. Drilling has started in the West Grid area with hole K 20-01being collared at line 800W at stn 800N. The initial hole (K 20-01) has discovered a large quartz eye porphyry body, with robins egg blue quartrz 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. In addition, 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.

The Kwai property has never been mapped or drilled in the past and the favourable geological environment that the company has been looking for is starting to be uncovered and exposed for the first time.

Results for the three till samples collected in late August are still pending. Those samples were taken south of Beauregard Lake and one of the samples was rusty in nature, possibly indicating a nearby sulphide source and was 50m from an IP trend which will be tested in this round of drilling.

Drilling itself is expected to take about 70 to 80 working days, with two shifts per day. Lab turn around time for analyses is uncertain at this point. Figure 2 shows the property grid with IP anomalies and pristine gold grain locations.

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Posted By : Yogender Pancholi on Fri, 18 Sep 2020
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