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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (2519)	3/18/2002 6:03:33 PM
From: Krikor	Respond to of 39344

FGX might go lower tomorrow to reflect the GLG relationship. KG

To: Claude Cormier who wrote (2519)	3/18/2002 8:13:01 PM
From: Eva	Respond to of 39344

Claude your comments please: Golden Goliath releases San Timoteo assay results Golden Goliath Resources Ltd GNG Shares issued 17,985,001 Mar 18 close $0.58 Mon 18 Mar 2002 News Release Mr. J. Paul Sorbara reports ASSAYS COMPLETE FROM FIRST PHASE OF DRILLING AT SAN TIMOTEO Golden Goliath has now received the last assays from the eight drill holes that were recently completed on the San Timoteo property. Four holes were completed on the east side of the property in the vicinity of the old workings, with the aim of encountering more of the high-grade, structurally controlled mineralization that the early miners exploited. In hole ST-01-02 the 4.55-metre interval from 83.05 to 87.60 metres returned a weighted average of 132.37 grams silver/tonne and 1.09 grams gold/tonne. In the same hole, the 16-metre interval from 88.30 metres to 104.30 metres returned 17.40 grams silver/tonne and 0.291 gram gold/tonne. The other holes in this area also returned anomalous values. The highest grades were recovered from fault gouge zones within the core and recovery in these soft areas ranged from only 14 per cent to 22 per cent. It is believed that these fault zones were conduits for mineralizing fluids. On the west side of the San Timoteo property the target was porphyry-gold style mineralization. The core was highly brecciated and altered with silica and pyrite. Assay results indicate that a mineralized system is present over at least the 300-metre length tested, but more drilling will be required to define its best areas. Results from various intersections from the holes on the west side are tabulated below. From To Width Au Ag (m) (m) (m) (g/t) (g/t) ST-02-05 25.85 53.2 27.75 0.15 7.0 ST-02-07 86.4 142.6 56.2 0.14 1.75 ST-02-08 54.6 63.2 8.6 0.37 23.75 ST-02-08 75.95 81.85 5.9 0.21 5.93 ST-02-08 119.25 130.95 11.7 0.39 16.8 The results indicate the presence of a large, precious metal mineralizing system. More holes north of the existing west side drilling will be required to better define the system and the chargeability anomaly trend that crosses the property. Several other targets remain to be drilled at San Timoteo, including the area north of the old San Martin workings where a very strong silver anomaly occurs. This area currently has no road access and will be tested with a smaller, portable drill. The core is logged and sawn in half for sampling at the company's facilities in Uruachic where it is kept in locked rooms under the supervision of the company's project geologist until shipped to the Chemex Laboratory preparation facility in Chihuahua. From there the samples are shipped by Chemex to Vancouver for assay at the Chemex Lab in North Vancouver. The company continues to be very encouraged with the results to date on the Uruachic project. The company is well financed and will be testing eight other drill target areas on its Uruachic properties. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com