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Golden Goliath reports more promising results from Las Bolas mine tunnel

Published: 23:54 09 Jul 2009 AEST

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Golden Goliath Resources Ltd. (TSX-V: GNG) said it received the last chip sampling from Station 19 and Station 37 within the tunnel of the Las Bolas mine in Mexico, showing excellent values in both locations, extending the mineralized zones.

At Station 19 the additional sampling has added a 22 metre section averaging 0.36 grams of gold per ton and 358 g/t of silver with an average width of 2.02 metres.  Station 19 now has an overall length of 45 metres and cumulative mining width reaching 11 metres. Highlights include a 1.24 metre width with a weighted average of 1.92 g/t gold with 717 g/t silver and 5.48 metres with a weighted average of 0.23 g/t gold with 101 g/t silver.

Some 200 metres further along the Las Bolas tunnel, additional sampling at Station 37 has added three new sections including 33 metres grading 1.13 g/t gold and 132 g/t silver over an average width of 2.02 metres. The cumulative width of parallel structures now reaches up to 12 metres.  Station 37 now has an overall length of 118 metres.

The company is very pleased with the underground sampling results as well as with ongoing surface work, it added.

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