Golden Goliath Resources Ltd.
TSX VENTURE : GNG
PINK SHEETS : GGTHF

Golden Goliath Resources Ltd.

July 08, 2009 14:03 ET

Golden Goliath Resources Ltd.: Las Bolas Station 19 and 37 Sampling Completed

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2009) - Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F) is pleased to announce the receipt of the last chip sampling from Station 19 and Station 37 within the Las Bolas tunnel. Excellent values were returned in both locations, extending the mineralized zones.

Station 19

At Station 19 the additional sampling has added a 22 metre section averaging 0.36 gm gold/tonne and 358 gm silver/tonne 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 gm gold/tonne with 717 gm silver/tonne and 5.48 metres with a weighted average of 0.23 gm gold/tonne with 101 gm silver/tonne.

Station 37

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 gm gold/tonne and 132 gm silver/tonne over an average width of 2.02 metres. The cumulative width of parallel structures now reaches up to 12m. Station 37 now has an overall length of 118 metres.

It is important to note that both station 19 and station 37 connect to Gambusino mine where in year 2000, 420 meters of accessible workings assayed 0.38 gm gold/tonne and 320.69 gm silver/tonne across an average width of 1.10 meters; the sampled area measures 80 meters by 120 meters. The Company is very pleased with the underground sampling results as well as with ongoing surface work. The detailed sample results for each zone are attached as a schedule to this release. Detailed sample maps are available on the Company's website.

About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). Assays are done using traditional methods at Inspectorate Labs and Chemex Labs. The Qualified Person for the Uruachic project 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.

To find out more about Golden Goliath visit our website at www.goldengoliath.com.




Schedule for Las Bolas Station 19 & 37 Sampling

Station 19 Sampling Results
---------------------------------------------------------------------------
Weighted Average
-----------------
Sample Zone FW(ii) HW(iii) Gold Silver Width Gold Silver
Number (cm(i)) (cm) (cm) gm/tonne gm/tonne (metre) gm/tonne gm/tonne
---------------------------------------------------------------------------
760519 115 0.81 148
-----------------------------------------------
760520 75 0.05 114
-----------------------------------------------
760521 114 0.17 227 5.48 0.23 101
-----------------------------------------------
760522 175 0.05 21
-----------------------------------------------
760523 69 0.05 5
---------------------------------------------------------------------------
760524 49 0.05 1755
----------------------------------------------- 1.43 0.05 626
760525 94 0.05 37
---------------------------------------------------------------------------
760526 53 0.05 278
----------------------------------------------- 1.24 1.92 717
760527 71 3.32 1045
---------------------------------------------------------------------------
760528 109 0.44 706
----------------------------------------------- 2.04 0.57 580
760529 95 0.72 436
---------------------------------------------------------------------------
760530 80 0.11 375 0.8 0.11 375
---------------------------------------------------------------------------
760531 79 0.06 45
----------------------------------------------- 1.92 0.07 154
760532 113 0.08 231
---------------------------------------------------------------------------
760533 60 0.25 1130
----------------------------------------------- 1.6 0.19 660
760534 100 0.16 378
---------------------------------------------------------------------------
760535 77 0.21 375
----------------------------------------------- 1.51 0.22 394
760536 74 0.23 413
---------------------------------------------------------------------------
760537 102 0.53 408
----------------------------------------------- 2.24 0.32 339
760538 122 0.15 281
---------------------------------------------------------------------------
(cm(i)) equals centimeter, FW(ii) equals Footwall,
HW(iii) equals Hangingwall


Station 37 Sampling Results
---------------------------------------------------------------------------
Weighted Average
-----------------
Sample Zone FW(ii) HW(iii) Gold Silver Width Gold Silver
Number (cm(i)) (cm) (cm) gm/tonne gm/tonne (metre) gm/tonne gm/tonne
---------------------------------------------------------------------------
105447 170 0.24 67 1.70 0.24 67
---------------------------------------------------------------------------
105448 125 0.16 65
----------------------------------------------- 1.50 0.14 55
105449 25 0.05 6
---------------------------------------------------------------------------
105450 177 0.4 299 1.77 0.40 299
---------------------------------------------------------------------------
105451 95 0.36 77 0.95 0.36 77
---------------------------------------------------------------------------
105452 99 0.13 13 0.99 0.13 13
---------------------------------------------------------------------------
105453 50 0.79 350
----------------------------------------------- 1.30 0.33 154
105454 80 0.05 32
---------------------------------------------------------------------------
105455 100 0.16 310 1.00 0.16 310
---------------------------------------------------------------------------
105456 58 0.05 150
----------------------------------------------- 1.08 0.14 527
105457 50 0.24 965
---------------------------------------------------------------------------
105458 45 0.05 89 0.45 0.05 89
---------------------------------------------------------------------------
105459 50 0.05 107 0.50 0.05 107
---------------------------------------------------------------------------
105460 102 0.05 275
----------------------------------------------- 2.22 0.05 200
105461 120 0.05 136
---------------------------------------------------------------------------
105462 82 0.05 84
----------------------------------------------- 1.57 0.19 104
105463 75 0.35 126
---------------------------------------------------------------------------
105464 71 0.05 44
-----------------------------------------------
105465 126 0.05 14 2.94 0.05 20
-----------------------------------------------
105466 97 0.05 9
---------------------------------------------------------------------------
105467 70 0.05 25 0.70 0.05 25
---------------------------------------------------------------------------
105468 100 0.05 5
----------------------------------------------- 1.88 0.12 44
105469 88 0.19 89
---------------------------------------------------------------------------
105470 102 0.08 30 1.02 0.08 30
---------------------------------------------------------------------------
105471 80 0.08 80 0.80 0.08 80
---------------------------------------------------------------------------
105472 160 0.05 144 1.60 0.05 144
---------------------------------------------------------------------------
105473 120 0.32 166 1.20 0.32 166
---------------------------------------------------------------------------
105474 72 0.05 245
----------------------------------------------- 2.44 0.49 802
105475 172 0.67 1035
---------------------------------------------------------------------------
105476 60 0.05 21 0.60 0.05 21
---------------------------------------------------------------------------
105477 70 0.05 19 0.70 0.05 19
---------------------------------------------------------------------------
105478 79 0.05 210
----------------------------------------------- 1.47 0.05 290
105479 68 0.05 384
---------------------------------------------------------------------------
105480 50 0.05 103
-----------------------------------------------
105481 77 0.05 41 2.07 0.05 52
-----------------------------------------------
105482 80 0.05 30
---------------------------------------------------------------------------
105483 88 0.05 27 0.88 0.05 27
---------------------------------------------------------------------------
105484 49 0.05 5
-----------------------------------------------
105485 66 0.05 5 1.85 0.05 5
-----------------------------------------------
105486 70 0.05 5
---------------------------------------------------------------------------
105487 70 0.21 176
----------------------------------------------- 2.34 0.10 59
105488 164 0.05 9
---------------------------------------------------------------------------
105489 49 0.05 636 0.49 0.05 636
---------------------------------------------------------------------------
105490 114 0.05 6 1.14 0.05 6
---------------------------------------------------------------------------
105491 76 0.05 5 0.76 0.05 5
---------------------------------------------------------------------------
105492 109 0.05 14 1.09 0.05 14
---------------------------------------------------------------------------
105493 110 0.05 769
-----------------------------------------------
105494 51 0.05 507 2.01 0.05 597
-----------------------------------------------
105495 40 0.05 238
---------------------------------------------------------------------------
105496 95 0.05 8 0.95 0.05 8
---------------------------------------------------------------------------
105497 126 0.05 5 1.26 0.05 5
---------------------------------------------------------------------------
105498 50 0.17 22 0.50 0.17 22
---------------------------------------------------------------------------
105499 35 0.05 5
----------------------------------------------- 1.15 0.49 114
105500 80 0.68 161
---------------------------------------------------------------------------
760501 40 0.56 464
----------------------------------------------- 1.10 0.24 188
760502 70 0.05 30
---------------------------------------------------------------------------
760503 73 0.05 33
----------------------------------------------- 1.13 0.21 89
760504 40 0.51 191
---------------------------------------------------------------------------
760505 100 0.33 123 1.00 0.33 123
---------------------------------------------------------------------------
760506 70 16.7 64 0.70 16.70 64
---------------------------------------------------------------------------
760507 74 0.9 114 0.74 0.90 114
---------------------------------------------------------------------------
760508 104 0.05 81
----------------------------------------------- 2.12 0.05 52
760509 108 0.05 24
---------------------------------------------------------------------------
760510 70 0.12 378
-------------------------------------------------------- 0.08 215
760511 74 0.05 60 1.44
---------------------------------------------------------------------------
760512 100 0.06 8 1.00 0.06 8
---------------------------------------------------------------------------
760513 30 0.2 763 0.30 0.20 763
---------------------------------------------------------------------------
760514 79 0.21 507
----------------------------------------------- 1.59 0.26 398
760515 80 0.3 290
---------------------------------------------------------------------------
760516 73 0.12 745
----------------------------------------------- 1.77 0.08 373
760517 104 0.05 112
---------------------------------------------------------------------------
760518 120 4.87 64 1.20 4.87 64
---------------------------------------------------------------------------
(cm(i)) equals centimeter, FW(ii) equals Footwall,
HW(iii) equals Hangingwall


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