IP survey in Ontario yields positive results for Golden Goliath Resources

Golden Goliath Resources (TSXV GNG ) announced that a recent induced polarization survey ran at its Kwai property in Ontario, Canada, defined key structures and found gold grains in basal till.

In a press release, Golden Goliath said that as of this week, IP and resistivity surveys have been completed on 40 lines covering the 10 kilometres on Kwai.

“The tills samples recovered contained abundant gold grains and many were of a ‘pristine’ classification indicating they had not travelled any great distance but were from a nearby source perhaps as close as 500 metres,” the release states. “Therefore the sources are in close proximity to a number of IP anomalies along the fault structures in the basalt and adjoining felsic tuffs.”

According to Golden Goliath, the Kwai property covers a parallel major crustal structure defined by the Canadian Federal Government seismic surveys. This structure is linked to the LP fault on the Dixie property at depth and other faults related to the major gold producers in the Red Lake district.

“The IP results are even better than expected. We found several more parallel shears south of the main trend. They are in areas where we did not do till sampling as we did not expect such good targets there,” the Vancouver-based company’s CEO, Paul Sorbara, said in the media brief. “They are in areas where we did not do till sampling as we did not expect such good targets there. We have a short window right now and we are taking advantage of this time. Our crew is on the ground doing some extra stripping in areas where we have found interesting boulders and drill preparation work. The more information we have before we start to drill the better for us.”