Paul Sorbara CEO of Golden Goliath Resources Ltd

INTRODUCTION

Golden Goliath Resources Ltd is a junior exploration mining company. It is listed on the TSX Venture Exchange (GNG). Recently, we had an opportunity to talk with the CEO of the company, Paul Sorbara. He was able to fill us in on some of the current developments with Golden Goliath’s projects as well as giving us more information about their future plans.

PROJECTS

One of the key features of Golden Goliath, as a junior company, is that they own all of their projects 100%. As Paul Sorbara says, “We're very fortunate that all of our properties are owned 100 percent. We don’t have to make any property payments or option payments, and that helps us keep down our costs. We have one joint venture in place right now with a group called Comstock Minerals on one of our properties, and we are open to doing more. So, we're in a good position where we can sit back and do some other joint venture agreements and let other people explore our properties with their money.”

The projects of Golden Goliath are focused in north-western Mexico, where they fully-own their Uruachic claims. This historic region of the Sierra Madre has a mining history that dates back to 1735 but is still a centre of some considerable interest with untapped resources.

Sorbara tells us that “At Las Bolas we found a very interesting new zone, as well as a second site of mineralization. The underground rehabilitation work has shown that the old workings around Las Bolas have the mineralization we've been talking about for the last couple of years. Now, lower down stratigraphically, we're finding manto-style mineralization; horizontal or blanket-like sheets of sulfide mineralization that contain locally very high grades of silver and gold. In some of the holes we actually get more than one of these layers. We're trying to interpret the relationship of these underlying mantos with the overlying mineralization evolved in the old tunnel.”

Even more recently, work has started on another large area with old workings and high grade gold and silver mineralization that lies over 1,000 metres east of the main Las Bolas tunnel.  This area, known as the Los Hilos Ridge and the Filo de Oro trend, is a bulk tonnage target with high grade veins running through it in several different directions and it adds another whole new dimension to the Las Bolas property.

The San Timoteo site is a few kilometres away from Las Bolas, and is slightly larger at just under 800 hectares. Recent drilling over the past two years have focused on expanding their knowledge on the site, but has also involved some new development in an area known as the Sucursal structure.

Golden Goliath is working from a four-point exploration strategy, namely:

• Develop its portfolio of prospects
• Apply modern exploration techniques
• Seek mineralization near old workings, using surface exploration to identify targets
• Develop partnerships through option agreements with Comstock Capital Corporation and other companies

PLANS FOR THE FUTURE

Paul Sorbara is very confident about how Golden Goliath is positioned for future developments and the upturns in the market when they occur. “In summary, we're pleased with the way things have gone. We're in good shape to ride out current market downturns. Gold is already over $1,100.00  an ounce and silver is over $18.00 an ounce, and we also believe that the gold shares, the producers and the junior explorers will come back this year.”

Continuing work at the Uruachic holding, particularly in Las Bolas and San Timoteo not only shows exciting results for currently explored areas, but some positive high-grade potential for new areas being explored, all of which points towards some very healthy future possibilities for Golden Goliath.