Performance Of My Favorite Gold Stock

Hold on to your hats before looking at this graph.

This stock is now looking a little overbought, so I may take some profits. The exploration site has been providing excellent results recently so it may be a takeover target in the future.

About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Qualified Person who has reviewed and approved this release is J. Paul Sorbara M.Sc., P.Geo. The Company is focused on exploring and developing the gold and silver potential of an historic mining camp located in the world famous Sierra Madre Occidental Mountains of northwestern Mexico. Golden Goliath's Uruachic claims are owned 100% by the Company and are fully paid for with no property option or purchase payments to make.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

"We are extremely pleased with the results from the recent drilling on the property, which includes Los Hilos and the Filo de Oro zone on the east side and the extensive old workings on the Las Bolas (west) side," said Paul Sorbara President of Golden Goliath. "The 43-101 that was completed in November 2009 dealt only with the Las Bolas side of the property. The average grade for the inferred resource in that report is 434 g/t silver and 0.98 g/t gold, which at a 60:1 ratio has a gold equivalent of 8.21 g/t gold. There are 12 known vein systems on the property, including the Corazon Vein System. The recent drilling has further enhanced the Las Bolas area by showing that high grade mineralization exists along strike and is open at depth. In addition, the drilling has also added the whole new dimension of the Los Hilos area with the bulk tonnage potential of Filo de Oro, which is a great bonus for the property." Las Bolas is roughly in the centre of The Company's extensive land holdings in the Uruachic Camp, which is an emerging new gold–silver district in Mexico. Fresnillo PLC's new Orisyvo deposit, one of that company's flagship new discoveries, lies only a few kilometres to the southeast and the surrounding ground has been acquired by PeƱoles. Golden Goliath has recently signed a Letter of Intent with a Mexican subsidiary of Agnico Eagle Mines regarding an Option/Joint Venture on the Las Bolas/Los Hilos property. Golden Goliath has other very attractive targets in the area, some even closer to Orisyvo, and owns all of that ground 100%.