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Golden Goliath reports more encouraging gold and silver results from Las Bolas, Mexico

Published: 18:18 04 Jun 2009 BST

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Golden Goliath Resources Ltd. (TSX-V: GNG) announced the receipt of further encouraging assays from the tunnel at the Las Bolas mine in Mexico.

Recent sampling from the furthest rehabilitated parts of the tunnel have returned more significant precious metal mineralization some 140 metres beyond the recently released data from Station 37, which included a 30.6 metres section with a weighted average of 4.70 grams per ton of gold and 485 g/t of silver.

In addition to underground sampling, encouraging preliminary surface assays have also been received from what may be a significant extension of the Las Bolas trend.

These new discoveries add significantly to the exploration potential and size of the Las Bolas-Gambusino gold/silver project, which has already been shown to host high grade precious metal discoveries.

Follow up field work around this new discovery including mapping and sampling is ongoing with preliminary assays across the structure returning 2 metres at 3.32 g/t gold and 16.9 g/t silver as well a 1 metre grading 8.55 g/t gold and 29.2 g/t silver.

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