Interpretation Of Geophysics At The Manicouagan Project Is Completed

Interpretation Of Geophysics At The Manicouagan Project Is Completed

VANCOUVER – Golden Goliath Resources Ltd. reported on the combined interpretation of their radiometric and drone magnetic surveys on the Ernest and Victory 21 properties near the Manicouagan impact crater in central Quebec has now been completed. The Manicouagan Project consists of four properties covering anomalous Rare Earth Element occurrences just to the south of the Manicouagan impact crater in central Quebec. The initial program consisted of geology and geochemistry to identify the source of lake sediment anomalies and to assess previous anomalous rock samples on all four properties. In addition to this work a ground radiometric survey was conducted on the Ernest and Victory 21 properties. In December, the Company augmented this data with a low-level drone Magnetic survey. The drone mag survey data was recently received and has now been interpreted in light of the radiometric data.

CEO, Paul Sorbara, said, “I am intrigued by this geological setting of our Manicouagan Project properties and very excited to get on the ground in the spring to see, trace, and sample the anomalous units and trends.” “I believe that the highly anomalous Rare Earth Elements in the affected impact crater rim zone area where the properties are located may be related to the composition of the impact body and its injection into the fractured and rafted adjacent gneiss. This is the fourth largest impact crater known on Earth and could hold many surprises. The Manicouagan project also has a huge infrastructure advantage over many other REE properties. Specifically, there is a major paved highway (HWY 389) that leads from the Saint Lawrence River at Baie Como and extends right between our four properties. Logging roads afford direct road access. But it is the reason why the Highway was built that gives us another very important advantage, which is abundant Hydro power. The highway was built for the construction and running of the Robert Bourassa hydro dam, which is located about 20 kilometres south of the Victory 21 property at the small town of Manic Cinq, where there is a motel and other amenities including an airstrip. Access and infrastructure is excellent and greatly lowers the threshold discovery needed for development. I feel that this project has great potential and that our application of good geoscience and our very straight forward exploration approach will result in exciting targets for the next stage drill program, which could come in late summer and fall.”