Skip Navigation Links

Bookmark and Share
Golden Goliath (TSX.V: GNG): Well-Financed, Experienced Team, Exploring in the Gold-Rich Red Lake District, Ontario, Canada; Interview with Paul Sorbara, President & CEO

on 8/30/2020
We spoke with Paul Sorbara, President, CEO, and Director Golden Goliath (TSX.V: GNG). They have a gold property named Kwai in the Red Lake District of Ontario. They just raised two and a half million dollars for drilling planned to start in September. Golden Goliath has a very experienced Management Team. They are well-financed, with money for exploration, a good drill target, and a good property in a great jurisdiction. As the price of gold continues to rise, this is a great junior mining gold company to follow.

Paul Sorbara, CEO and Director of Golden Goliath

Golden Goliath

Dr. Allen Alper: This is Dr. Allen Alper, Editor-in-Chief of Metals News, talking with J. Paul Sorbara, who is President, CEO, and Director of Golden Goliath Resources Ltd. Paul, could you give our readers/investors an overview of your Company?

Paul Sorbara: Sure, Allen. Golden Goliath is a public company. We trade on the TSX Venture Exchange. Symbol is GNG.V. We trade in the U.S. on the Pink Sheets and the symbol there is GGTHF. We also trade in Europe and in Germany. Our focus is in Ontario. We've been working for the last year and a half on our Kwai property in the Red Lake District of Canada. We're very close to Great Bear Resources and BTU Metals, and we have a section of the Pakwash Fault or, which is very similar to the host that's being drilled off at the Great Bear Resources property. They have the LP Fault. We have the Pakwash Fault, and government seismic studies show that they connect at a depth of about 10 to 14 kilometers.

So, the gold-rich fluid that came up and fed the Great Bear property, may have come up our fault as well and mineralized there. We've done geophysics and geochemistry in the way of basal till sampling and we found good IP targets coincident with the fault structure. We've found lots of gold grains in the till, coincident with those IP anomalies and downstream from those IP anomalies. Many of those grains are pristine, which means they're very angular and rough. That shows us they have not come very far from their source. The indicators are all there. The targets are all there. They're coincident. We just raised two and a half million dollars for drilling, and we anticipate starting that drilling in the first part of September.

Dr. Allen Alper: That sounds excellent. Sounds like great news for Golden Goliath. Could you tell our readers/investors your plans for the remainder of 2020, going into 2021?

Paul Sorbara: I think for the remainder of 2020 and going into 2021, we're going to be drilling that Kwai property. Our plan is to drill 6,000 meters and if we start the first week of September that'll take about two months to do and then there're all the assays. Of course we will be sending care samples in for assay all along. That'll take us into November and then we'll know how much more drilling we need for the next step after that. Everything is determined by the drill results in this first round of drilling. So even though it's hard to predict, the targets look excellent and we're all very excited. The stock has moved from 5 cents to 20 cents over the last month or so. We have every reason to believe the drilling will be successful.

Dr. Allen Alper: Oh, that sounds great. Could you tell our readers/investors about your background and your Team?

Paul Sorbara: I am a geologist, a professional geoscientist. I received my master's degree in geology from the University of Toronto in 1979. I've worked full-time in the industry ever since then. I founded Golden Goliath. I created it through an IPO and in 2000 we went public. For many years, I was working in Mexico. But in 2018, it got a little bit hairy there and too much government taxes. So we sold seven of our eight properties to a large Mexican mining company and kept one very good one that we're still holding. We used that money from the Mexican mining company to acquire the properties in Ontario and we've been exploring them ever since.

Dr. Allen Alper: Sounds excellent. Could you tell our readers/investors a little bit about some of your other people?

Paul Sorbara: Oh, yes. We have a very well-known Geophysicist. His name is Bob Middleton, R. S. Middleton. He's been around for a long time. He is basically a geophysical genius. He actually owned the Great Bear Property back in the '90s and he's very familiar with the geology and structures and mineralization in the Red Lake area and also in the Hemlo area. It's starting to look like the Great Bear situation might be analogous to Hemlo style mineralization and Bob is an expert on both of those things. As we've been doing our geophysics, and as I speak, the last couple of lines of geophysics are still being done. Bob has been interpreting them and compiling the data in relation to where we have found the gold grains in the till. And so he's a great, very valuable member of our team.

We also have Wayne Holmstead, a classmate of mine from the '70s at University of Toronto. So I've known him for a very long time. He's our Exploration Manager, looking after things out there in the field. Gordon McKay is another geologist on our team, whom I have known for at least 30 years or more. He worked with me at Cominco, back in the early '80s. He also worked for the Government of Canada, in the mining department of different areas. He's very familiar with the permitting process and all of that government stuff that you have to do to get your permits and do your work and get along well with the local communities. So we have a very strong team. We have GIS specialists, I couldn't ask for a better team that's for sure.

Dr. Allen Alper: Sounds excellent. Could you tell our readers/investors a little bit about your share structure?

Paul Sorbara: Because we just did a private placement, our share structure has just changed. We did have 117 million shares out, fully diluted. We just did this small private placement for half a million dollars, and then the 2.6 million that we raised for the drilling, so our new share structure would be somewhere up around 165 to 170 million shares. The new numbers will be posted on our website within the next 24 to 48 hours. Might even be there now. I haven't seen it today.

Dr. Allen Alper: That sounds great, Paul. Could you tell our readers/investors the primary reasons they should consider investing in Golden Goliath?

Paul Sorbara: That's a pretty easy question at this time for me. As I've told a lot of people in the past, who are interested in investing in junior mining companies, “Look for companies, with good management, that are financed and have a good property, with good targets ready to drill, and the money to drill them.” We have all of those things. The last step was the money for drilling and we've acquired that. So that's the time when things move. Our stock has gone up from five to 20 cents or 22 cents based on speculation that we're getting ready to drill. Well, now we know we're going to drill. We have the money to drill. We have the target. So, that's the time to bet. If you're a betting person you need to decide whether you want to bet that we're going to find something with those drill holes, or we're not. And if we find something, the price will go up substantially in my opinion.

Dr. Allen Alper: Sounds like strong reasons to consider investing in Golden Goliath Resources. Is there anything else you'd like to add, Paul?

Paul Sorbara: Well, just that things around the world are aligning up. The gold price is going up and that's very good for us. Lots of the junior companies are moving up. It's the drilling that changes things, and we're about to start drilling, so this is the time to pay attention and put your money on the table.

Dr. Allen Alper: Sounds great, Paul.

Paul Sorbara: Nobody can guarantee anything, but we know we have a good target. The money is being spent in the ground and we're ready to go. So let's hope the Gold God is in our favor.

Dr. Allen Alper: That sounds great. Sounds excellent! We’ll publish your press releases as they come out so our readers/investors can follow your progress.

Disclaimer: The Alper family owns Golden Goliath Stock

Golden Goliath Resources Ltd.
J. Paul Sorbara, M.Sc., P.Geo
President & CEO
Phone: +1(604) 682-2950

Disclaimer | Terms Of Use And Privacy Statement

© Metals News. All rights reserved.