The airborne geophysics contractor has completed a 277-line kilometre airborne survey over the Kwai property, which covers 4450Ha (44.5sq.km.) and is located 15 km south of the Dixie Lake Project of Great Bear Resources in the Red Lake mining district of Ontario.

The Kwai property covers 10km of a major break called the Pakwash Fault, which is part of a network of deep-seated faults in the Red Lake Camp that are correlated with the trends hosting the major gold deposits. These faults have been identified by a government seismic programme carried out in the Red Lake Area as part of the government-funded Lithoprobe Project.

A preliminary evaluation of the airborne survey data by R. S. Middleton has identified multiple shear zones, parallel to and associated with, the Pakwash Fault. Total field magnetics, vertical derivatives and three directional VLF-EM surveys were utilised to identify the potential gold-bearing structures. Final products of the survey and evaluation will be completed by the geophysical contractor in four to six weeks.

In 2019 the Golden Goliath completed 15.8km of induced polarization (IP) surveying on the Kwai property, which identified multiple drill targets consisting of silicified zones with high resistivity and shear zones with chargeability anomalies, all contained within these new structures identified by the airborne survey.

This correlation combined with Middletonʻs interpretation indicates that the airborne geophysical data warrants about 55 additional line kilometres of ground IP to identify additional drill targets. The additional IP, combined with a possible till sampling programme, would identify which areas hold the best gold potential in preparation for a diamond drilling programme.

Paul Sorbara, CEO Golden Goliath Resources, stated: "We are very pleased with the results of the airborne survey. It produced even more targets than we expected and has both identified and confirmed additional zones of interest on the Kwai property. The survey has identified several parallel and cross-cutting structures that we once thought were a single fault. We plan to expand induced polarization surveys on the property to be able to pinpoint the best diamond drill targets."

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