Golden Goliath Reduces Number of REE Projects
Golden Goliath Resources (TSXV: GNG) (OTC Pink: GGTHF) has announced the termination of its option on the Ernest REE project in Quebec's Manicouagan area. The company retains three other 100% owned Rare Earth Element properties in the region, including the Victory 21 property.
The remaining Manicouagan Project properties are located south of the Manicouagan impact crater, with Highway 389 running through them north of the Robert Bourassa hydro dam at Manic-5, 215 km north of Baie Comeau. Initial exploration work included:
- Geological and geochemical studies
- Ground radiometric surveys
- Drone magnetic surveys at 40-meter height with 30-meter line spacing
The properties feature metamorphic and igneous units intersected by younger pegmatites, though the relationship between anomalous REE values and the Manicouagan impact event remains uncertain.
Golden Goliath Resources (TSXV: GNG) (OTC Pink: GGTHF) ha annunciato la cessazione della sua opzione sul progetto Ernest REE nella zona di Manicouagan, in Quebec. L'azienda mantiene altre tre proprietà di Elementi delle Terre Rare interamente possedute nella regione, inclusa la proprietà Victory 21.
Le restanti proprietà del Progetto Manicouagan si trovano a sud del cratere d'impatto di Manicouagan, con l'Autostrada 389 che le attraversa a nord della diga idroelettrica Robert Bourassa a Manic-5, a 215 km a nord di Baie Comeau. I lavori di esplorazione iniziali hanno incluso:
- Studi geologici e geochimici
- Indagini radiometriche a terra
- Indagini magnetiche con droni a 40 metri di altezza con una distanza di 30 metri tra le linee
Le proprietà presentano unità metamorfica e ignea intersecate da pegmatiti più giovani, sebbene la relazione tra i valori anomali di REE e l'evento d'impatto di Manicouagan rimanga incerta.
Golden Goliath Resources (TSXV: GNG) (OTC Pink: GGTHF) ha anunciado la terminación de su opción sobre el proyecto Ernest REE en la zona de Manicouagan, Quebec. La empresa conserva otras tres propiedades de Elementos de Tierras Raras de su propiedad al 100% en la región, incluida la propiedad Victory 21.
Las propiedades restantes del Proyecto Manicouagan se encuentran al sur del cráter de impacto de Manicouagan, con la Carretera 389 que las atraviesa al norte de la represa hidroeléctrica Robert Bourassa en Manic-5, a 215 km al norte de Baie Comeau. Los trabajos de exploración inicial incluyeron:
- Estudios geológicos y geoquímicos
- Encuestas radiométricas terrestres
- Encuestas magnéticas con drones a 40 metros de altura con un espaciamiento de 30 metros entre líneas
Las propiedades presentan unidades metamórficas e ígneas intersectadas por pegmatitas más jóvenes, aunque la relación entre los valores anómalos de REE y el evento de impacto de Manicouagan sigue siendo incierta.
골든 골리앗 리소스 (TSXV: GNG) (OTC Pink: GGTHF)는 퀘벡의 마니쿠아간 지역에 있는 어니스트 REE 프로젝트에 대한 옵션 종료를 발표했습니다. 이 회사는 빅토리 21 부동산을 포함하여 이 지역에서 100% 소유한 다른 세 개의 희토류 자산을 보유하고 있습니다.
남은 마니쿠아간 프로젝트 자산은 마니쿠아간 충돌 분화구의 남쪽에 위치하며, 389번 고속도로가 로버트 부라사 수력 댐 북쪽의 마닉-5에서 이들을 관통합니다. 바이 컴오에서 북쪽으로 215km 떨어져 있습니다. 초기 탐사 작업에는 다음이 포함되었습니다:
- 지질학적 및 지구화학적 연구
- 지상 방사선 측정 조사
- 30미터 간격으로 40미터 높이에서 드론 자력 조사
이 자산은 젊은 페그마타이트에 의해 교차된 변성암 및 화성암 유닛을 특징으로 하며, 비정상적인 REE 값과 마니쿠아간 충돌 사건 간의 관계는 여전히 불확실합니다.
Golden Goliath Resources (TSXV: GNG) (OTC Pink: GGTHF) a annoncé la résiliation de son option sur le projet Ernest REE dans la région de Manicouagan au Québec. L'entreprise conserve trois autres propriétés de Terres Rares entièrement détenues dans la région, y compris la propriété Victory 21.
Les propriétés restantes du Projet Manicouagan sont situées au sud du cratère d'impact de Manicouagan, avec la Route 389 qui les traverse au nord du barrage hydroélectrique Robert Bourassa à Manic-5, à 215 km au nord de Baie Comeau. Les travaux d'exploration initiaux comprenaient :
- Études géologiques et géochimiques
- Enquêtes radiométriques au sol
- Enquêtes magnétiques par drone à 40 mètres de hauteur avec un espacement de 30 mètres entre les lignes
Les propriétés présentent des unités métamorphiques et ignées croisées par des pegmatites plus jeunes, bien que la relation entre les valeurs anormales de REE et l'événement d'impact de Manicouagan reste incertaine.
Golden Goliath Resources (TSXV: GNG) (OTC Pink: GGTHF) hat die Beendigung seiner Option auf das Ernest REE-Projekt im Manicouagan-Gebiet in Quebec bekannt gegeben. Das Unternehmen behält drei weitere zu 100 % im Besitz befindliche Seltene Erden-Elemente in der Region, darunter das Victory 21 Grundstück.
Die verbleibenden Grundstücke des Manicouagan-Projekts befinden sich südlich des Manicouagan-Einschlagkraters, mit der Autobahn 389, die nördlich des Robert Bourassa-Wasserkraftwerks in Manic-5 verläuft, 215 km nördlich von Baie Comeau. Zu den ersten Erkundungsarbeiten gehörten:
- Geologische und geochemische Studien
- Bodenradiometrische Untersuchungen
- Drohnenmagnetuntersuchungen in 40 Metern Höhe mit 30 Metern Abstand zwischen den Linien
Die Grundstücke weisen metamorphe und magmatische Einheiten auf, die von jüngeren Pegmatiten durchzogen sind, obwohl die Beziehung zwischen anomal hohen REE-Werten und dem Manicouagan-Einschlagereignis ungewiss bleibt.
- Maintains 100% ownership of three REE properties
- Completed comprehensive exploration work on Victory 21 property
- Properties located near major infrastructure (Highway 389)
- Dropped option on Ernest REE project
- Uncertain source of REE values in relation to impact event
- No defined mineral resources reported
Vancouver, British Columbia--(Newsfile Corp. - March 7, 2025) - Golden Goliath Resources Ltd. (TSXV: GNG) (OTC Pink: GGTHF) (FSE: GGZA) announces that it has dropped the option on its Ernest REE project in the Manicouagan area of Quebec. The Company has three other
Figure 1: Manicouagan REE Project Overview
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/4761/243650_8136784a54849a9f_002full.jpg
Golden Goliath's Manicouagan Project now consists of three properties covering anomalous Rare Earth Element occurrences just to the south of the Manicouagan impact crater. Highway 389 splits the properties just north of the Robert Bourassa hydro dam at Manic-5, 215 km north of Baie Comeau. The initial exploration program on these properties consisted of geology and geochemistry as well as the ground radiometric survey and Drone Mag survey completed on Victory 21.
All three properties are underlain by metamorphic and igneous units that are cut by younger pegmatites. It is unclear if the anomalous REE values are associated with the Manicouagan impact event.
This news release has been reviewed by Gordon MacKay, P.Geo., who is acting as QP under the NI 43-101 requirements.
On behalf of the Board of Directors
Paul Sorbara, MSc, PGeo (retired)
CEO, Golden Goliath Resources Ltd.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Company is focused on exploring and developing the gold and silver potential of properties in the Red Lake District of Ontario. The Company also holds a
To find out more about Golden Goliath visit our website at www.goldengoliath.com.
Cautionary Statements Regarding Forward Looking Information
Certain statements included herein may constitute "forward-looking statements". All statements included in this press release that address future events, conditions or results, including in connection with exploration activity, future acquisitions and any financing, are forward-looking statements. These forward-looking statements can be identified by the use of words such as "may", "must", "plan", "believe", "expect", "estimate", "think", "continue", "should", "will", "could", "intend", "anticipate" or "future" or the negative forms thereof or similar variations. These forward-looking statements are based on certain assumptions and analyses made by management in light of their experiences and their perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate in the circumstances. These statements are subject to risks, uncertainties and assumptions, including those mentioned in the Company's continuous disclosure documents, which can be found under its profile on SEDAR (www.sedar.com). Many of such risks and uncertainties are outside the control of the Company and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In making such forward-looking statements, management has relied upon a number of material factors and assumptions, on the basis of currently available information, for which there is no insurance that such information will prove accurate. All forward-looking statements are expressly qualified in their entirety by the cautionary statements set forth above. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.
J. Paul Sorbara, M.Sc., P.Geo
President & CEO
Phone: +1(604) 682-2950 Email: jps@goldengoliath.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243650
FAQ
What properties does Golden Goliath (GGTHF) still hold in the Manicouagan area after dropping Ernest REE?
Where are Golden Goliath's (GGTHF) Manicouagan REE properties located?
What exploration work has GGTHF completed on the Victory 21 property?
What is the geological composition of GGTHF's Manicouagan REE properties?
