1.
Travel Dispatch: Golden Goliath Resources, Ltd. (GNG:TSX‐V)
Hunting for Gold and Silver in the Sierra Madre Occidental Mountains of Mexico
Part 1 – The Trek to Uruachic and Touring Las Bolas
A few weeks ago we were talking with Golden Goliath’s CEO, Mr. Paul Sorbara about the Company’s recent
press release and he mentioned that around the middle of the month he and his geological team would be
traveling to GNG’s Uruachic Camp property to check on the progress of the current exploration programs
being conducted at the Company’s Las Bolas and San Timoteo target areas. The Uruachic (pronounced
“oora‐wa’‐chee”) Camp is comprised of at least 6 individual targets in close proximity to each other within a
roughly 15 km x 25 km area located deep within in the Sierra Madre mountains of Chihuahua, Mexico –
making up the Company’s flagship group of precious metal targets. We told Paul that sounded like an
interesting adventure and picking up on the hint he quickly invited us to join him and his team. We have
been watching and reporting on the progress at Golden Goliath for some time now, so when we were
offered the chance to visit the property in person, we saw an opportunity to get a firsthand look at this
junior explorer’s primary mineral targets and bring back a full account of the property tour and exploration
activity to our subscriber base.

2.
Friday, August 15, 2008 – Tijuana – The Gateway to Mexico
So on Friday, August 15th, I drove south about 25 miles to the San
Diego‐Tijuana border and caught the yellow and white shuttle
bus in Otay Mesa to the Tijuana airport. The Tijuana airport is
literally on the border of Mexico and the US, and is really a
convenient way to fly into Mexico as you don’t have to clear
customs both ways at the airport – you just walk through the
border crossing when returning to the US. Upon reaching the TJ
airport I boarded Aeromexico flight #2193 bound for the city of
Chihuahua (with a quick stop in Ciudad Juarez) located deep in
Central Mexico in order to rendezvous with Paul and his team.
After almost a full day of travel, I arrived in Chihuahua at about 6 pm wherein I was met at the airport by
Omar Rodriquez, Golden Goliath’s affable chief accountant for the ride to my hotel for the night, which
happened to be a very comfortable (read “gringo friendly”) Hampton Inn. When you arrive in a foreign
country like Mexico, and you don’t know the language that well, and there is a presence of both federal
police and Mexican Army guys wearing camouflage with M16 automatic rifles slung over their shoulders
milling around the baggage claim area, it’s really a relief to have a local come up to you, greet you by name
and tell you that they are your official welcoming committee.
After a quick tour of the city from my new tour guide and
temporary Spanish language tutor, we returned to the hotel for a
light dinner and a good night sleep for the second stage of the
tour, the cross country trek to the town of Uruachic ‐ which is the
roughly 300 km directly west across rain drenched green
farmlands and picturesque villages, many established in the
1800’s.
Saturday, August 16, 2008 – The Road to Uruachic Camp
I met Paul Sorbara, (GNG’s CEO) in the lobby of the Hampton Inn on Saturday morning (Paul and Rasool
Mohammad, one of GNG’s geologists, had flown in to Chihuahua late the previous night from Vancouver)
and we discussed the trip itinerary over a quick breakfast. I
had met Paul and spent some time with him earlier in the
year at the Cambridge House Conference in Phoenix, AZ, so
it was great to see him again in Mexico. I could tell right
away that Paul was excited to be back in Mexico and
anxious to get back to Uruachic Camp and see some of the
new exploration targets and review some of the new
drilling samples coming to the surface. At about 8:00 am
we were joined by Senor Daniel Nofrieta, Paul’s long time
partner, company geologist and Director of Minera Delta Rasool, Daniel, Paul and Omar in Quetemoc

3. S.A. de C.V. – Golden Goliath’s Mexico based subsidiary. When Paul originally staked the Uruachic Camp
area, he did it with the assistance of Daniel, who has been actively exploring and working in Mexico since he
graduated from the University of Mexico. After the usual greetings at which time we all checked out of the
hotel and the five of us piled into two of Minera Delta’s 4‐wheel drive vehicles for the roughly six to seven
hour journey to the town of Uruachic. The drive was 4 lane freeway, mostly across rolling farmland while
passing nearby small rural villages. We passed through a fairly large town known as Quotemoc (kwo‐tay’‐
mock), known for its large German Mennonite
community and a great place to buy cowboy boots. There
must have been 100 to 200 cowboy boot stores in
Quotemoc where you could buy just about any kind of
cowboy boot imaginable (you name it – shark, lizard, eel,
ostritch, off the rack, brand name, custom fitted, etc.),
and at a very competitive price!
After about 220 kilometers the terrain started to get
more mountainous as we entered the foothills of the
Sierra Madre and our caravan started to slow down a bit
(cruising speed in Mexico is about 140 km, ~85 mph per
Cross Country traveling by Caravan
hour). After an excellent lunch of bar‐b‐que chicken and
tortillas at the group’s favorite rest stop in the roadside town of Tomache: La Pollo Gorditos (literally
translated as “the Chubby Chicken”), we stopped to top off the vehicles with petrol for the balance of the
trip, and started our climb up into the Sierra Madre’s.
We turned off the paved road a few clicks west of Tomache and spent the next couple of hours on pretty
rough dirt roads (some with sizable washout ruts from the above normal rainfall they had been experiencing
in the region) transiting the final 60 kms or so into the town of Uruachic. As we wound through the small
picturesque mountain villages and beautiful verdant
valleys of the region, we were treated to vista after
vista of distant mountain ranges capped with rugged
rock formations. As we got close to our destination, the
north eastern part of Golden Goliaths’ property which
consists of the targets La Reforma, San Timoteo, and
Neuva Union came into view in the distance from our
high vantage point. In contrast to the landscape we had
been traveling through, which consisted mostly of
heavily forested pines, these target areas really stood
out as strikingly different. The areas , which exist right
at the intersection between the lower volcanic and
upper volcanic geology were almost devoid of vegetation and were very red in color, almost a rust color
throughout these regions. Uruachic Camp is predominantly underlain by Tertiary volcanic rocks on the
Lower Volcanic Complex, cut locally by small intrusive bodies. These type of rocks are highly favorable for
hosting both gold and silver mineralization, with an estimated 90% of the precious metal mines in the Sierra
Madre mountain region occurring within this package.

4.
The Long Journey Ends – Next Stop Uruachic
After a few quick pictures across the valley, we crested
the summit of the last of several passes and the town
of Uruachic came into view about a thousand feet
below us, cast in the diffused sunlight of the late
afternoon rainclouds. We worked our way slowly down
the steeply grading road notched from the side of the
mountainside and within about twenty minutes we
were driving through the cobblestone streets of
Uruachic, a village that still showed many of the
architectural signs and artifacts of a Spanish settlement
established in the mid 1700’s. Uruachic was founded by two Spaniards in the year 1735 searching for gold
and silver and was originally known as Real De Minas De Santa Rosa De Uruachic. The town became very
prosperous, with well over 100 separate mining areas developed within the camp which resulted in the
town eventually smelting and minting their own silver coins. The first mining boom of Uruachic continued
until about the time of the Mexican Revolution in the early 1900’s. (Golden Goliath is working hard to get
the next boom going!).
The town of Uruachic is a very small and well kept mountain village with a proud people of mostly farmers,
ranchers, and shopkeepers. A sizable stream (more like a river during the rainy season) runs through the
middle of town which you cross several times going from
one side of town to the other. Small groups of cow’s,
horses, donkey’s and chickens, roam freely though the
outskirts of town with few visible fences (this is why I was
told that we don’t drive at night here) and except for the
number of pickup trucks (which seem to outnumber the
inhabitants by about a two to one ratio), and recently
strung electrical wires –when standing in the middle of
town you would be hard pressed to know exactly what year
it was – 1808? 1908? or 2008 ‐ a town that has literally
been lost in time. The people of Uruachic are very hardy
(you have to be living in this remote outpost) outgoing, and cautiously friendly ‐ and most everyone knows
the Golden Goliath crew, as they are probably the number one employer
in the town, with a good many of the locals doing some type of work in
the Camp for Golden Goliath.
Upon our arrival we quickly repaired to Golden Goliath’s Uruachic
Headquarters, a spartan but comfortable hillside home which has been
converted into a field office, crew sleeping quarters and communications
hub complete with a landline (a rarity in town) and internet connection
for transferring the large amounts of data out of the field and back to the
Company’s offices in Chihuahua and Vancouver. The main room had
several large drafting tables and desks outfitted with ranks of laptop

5. computers along with thick stacks of area maps detailing the mineral targets and outlining diamond drill
hole data and mineralized zones of each of GNG’s primary targets under work. After meeting Sabas and
Lauro, some of GNG’s field team, we were briefed on the most recent results of two ongoing drilling
campaigns as portable hard drives rapidly appeared out of backpacks and a massive exchange of drill results
and interpretation of geological data ensued between the Vancouver and Uruachic teams. There was a
noticeable tenor of excitement in the air, with plenty of hand gesturing from the field guys to go along with
the lively discussion of current activities in the field. Golden Goliath had recently unearthed some highly
prospective results in the form of “manto” style (literally translated as blanket style) mineralization which
had been assayed and reported in the Company’s most recent press release (July 24, 2008 and September 4,
2008). The source of the excitement was the fact that as they moved from drill site to drill site in the el
manto region, the drill cores were encountering much thicker sections that looked very similar to the high
grade mineralization from past cores from roughly the same depth. It was obvious that the hunt was on,
and the Vancouver boys were anxious to get out to the field and survey some of this new core material first
hand. After the debriefing we drove the three blocks to one of the only hotels in town, the “Hotel del Laro”.
We had a quick “catch up” talk with Don Laro, a salt of the earth “Patron” who has been hosting the Golden
Goliath crew for years, then we squared away our gear in our new digs and were off for a bite to eat at the
Restaurante de Margarita. After an authentic Mexican dinner we returned to our rooms wherein I watched
some very fuzzy images of Michael Phelps dominating the pack at the China Olympics and slipped quickly
into some much needed “kip” for the next day’s grand tour of the Camp.
Sunday August 17th ‐ Uruachic Camp – The Tour
On Sunday morning, the team rallied for a quick
Mexican breakfast at Margarita’s (we ended up
eating all of our meals there) and then loaded up
the two trucks for our first stop in Uruachic Camp –
the north side of the valley – Las Bolas, which is
comprised of the: El Manto, Frijolar (I and II), Los
Hilos, Gambusino, Arbolito and roughly a half dozen
additional old mine workings in the area.
The Las Bolas property contains mixed volcanic and
sedimentary rocks of the Lower volcanic Sequence
and hosts the highest concentration of old mine
workings in the Uruachic camp. There are numerous
adits (tunnels), some up to 1,000 metres in length, as well as at least 14 old vertical shafts which occur on
the mesa, extending to unknown depths. Some of the adits may have been access routes to extract high
grade ore from the deeper levels of the shafts.
The surface levels and adits of the mesa area are located in the oxide zone and many of the old tunnels
contain excellent sections of oxide silver mineralization that average about 325 grams of silver per tonne.
This mineralization however, was not the target of the old miners as many of the working simply pass
through these zones with no attempt to exploit them. Golden Goliath has identified and mapped a large set
of mineral zones containing this excellent grade oxide material but are continuing to hunt for the much
higher sulphide mineralization that is believed to lie at depth, as evidenced by samples that contain as much
as 71,000 grams (over 2,000 ounces) of silver per tonne which have been found in the dumps beside some

6. of the old shafts. If found, this will be some very valuable rock worth approx. $60,000 per cubic meter!
(assuming $12 per ounce silver and roughly 2.5 tonnes per cubic meter).
To get to this prospect area, we took the main road, which actually fords a river in several places before you
get to the other side and then up and over a winding mountain road, which took us up to a fairly high
lookout point and then up and over the other side. Once over to the other side of the ridge, the surrounding
terrain is a moderately sloping hillside covered with small trees,
Manzanita and shrubs. This hillside slopes downhill a mile or
two and ends at the fairly good sized Rio Uruachic river at the
base of the canyon which runs all the way to the Pacific Ocean.
On the other side of the Rio Uruachic, the ground slopes up
steeply, forming the next ridge line of mountains, which we
were looking directly across at, which are covered in green
foliage. In fact there has been so much rain this season, the area
is the greenest that anyone from the team could remember.
Our first stop on this side of the Camp was the Frijolar I tunnel (with a brief stop at the Frijolar II zone which
had been graded out recently). The Frijolar I tunnel is a historic mine adit which GNG is in the process of
shoring up for additional sample testing. As the ground was fairly
wet, (there had been a small slide of material around the entrance),
we opted not to enter the tunnel but examined the geology around
the perimeter of the tunnel that had been exposed by one of GNG’s
Cats (GNG maintains two Caterpillar D‐7’s on the project, which are
powerful work horses for grading access roads and leveling drill
sites while at the same time are nimble enough to navigate the
steep terrain in the area). The target areas are quite striking in the
absence of plant life and the exposed rock exhibited high levels of
manganese staining, a condition which indicates base and precious
metal anomalies. After a brief stop at Frijolar, we continued the tour down to the el Manto mine area, which
was lower on down the slope and is where the majority of drilling is now taking place. At the end of a newly
cut road we arrived at Drill hole B‐DD‐08‐15, where a diamond drill crew has been working around the clock
bringing up core which has the team in high anticipation mode. Drill core 15 was the drill bore that was
currently in work, but the core that had created all the excitement was diamond drill hole B‐DD‐08‐13,
which had intersected a 6 meter thick section that looked very similar visually to 15 cm (about 6 inches) in B‐
DD‐08‐03 that came back from the lab at 9.87
grams/tonne gold and 3,090 grams per tonne silver.
Golden Goliath’s geology team has no way of knowing how
this new 6 meter section would test out until all assays are
back from the lab, but with many similarities between the
two samples visually (the core is a very black, tar type
consistency with visible flakes of very shiny gold and silver
bearing pyrite mineralization), they are hopeful that this
thicker manto section will show a higher mineralization
value across a much thicker section of rock.

7.
After kicking around the core shack for about 45 minutes inspecting samples of core with geologists loupes
(a small hand held magnifier), we loaded up and headed for our next stop, the Arbolito shaft. The Arbolito
shaft is elephant country at Uruachic Camp, with the highest grade
mineralization to date found in one of the ore dumps located just down
slope from this deep historical mining shaft. Golden Goliath had been
conducting physical sampling of this shaft in the recent past, which
runs several hundred feet
nearly straight down from the
surface, until a good sized cave‐
in convinced management that
this was too dangerous and curtailed that activity before a serious
accident occurred and someone got hurt.
Since that time, Golden Goliath has been exploring this target from
the surface by drilling. That method has proved problematic as well
as two different drill holes have been stopped short of their target depth by difficult drilling conditions.
Golden Goliath has put this target on hold for the past few
months, but with the manto subfloor now located several
hundred meters down slope, they plan to drill several new
(diamond drill) holes (with a more experienced drill crew and
better equipment) in this section to the target depth of the
manto to hopefully confirm the continuity of the structure.
Golden Goliath is cautiously optimistic that the intersection of the
arbolito shaft and the manto could be the zone they have been
looking for in this region that is host to some of the super high
grade material they have seen in dumps in the area (71,000 + grams per tonne silver). After our stop at
Arbolito, we loaded up both trucks and headed back to the town of Uruachic for some lunch but on our way
back got stuck for about half an hour by a water truck coming up from town to deliver water to the drilling
rig over in the el Manto target.

8. The access road to Las Bolas is quite narrow in places and negotiating
passage for a large water truck and our truck took some doing, but
eventually we were able to make the passage and get back to town.
Uruachic is a remote mining camp that is both very large in geographical
area and rich with high value targets that have been mined in the past ‐
and show excellent prospects for high grade mineralization. Golden
Goliath owns each of these properties (mineral rights) 100% and has
spent several years documenting the geology of the region and that
comprehensive work is now looking to be paying off in the identification at Las Bolas of a carbonaceous
manto style mineralized body in an area which coincides with an IP chargeablity anomaly that is spread over
an area approximately 1,033m long and 533m wide and is open to the north, which varies in thickness from
15 cm to at least 6 meters. Golden Goliath is busy infill drilling this property at closer intervals to create the
data required for their first resource calculation in the region.
Part II – On to San Timoteo and Nueva Union
We pick up Part II of our story on Sunday afternoon after a quick snack in the town of Uruachic as we
continue our tour of Golden Goliath’s historic Uruachic Camp property. For those that missed Part I, the
Uruachic (pronounced “oora‐wa’‐chee”) Camp is comprised of at least 6 individual targets in close proximity
to each other within a roughly 15 km x 25 km area located deep within in the Sierra Madre mountains of
Chihuahua, Mexico – which together form Golden Goliath Resources’ flagship group of precious metal
targets.
After spending the first half of the day in the central part of the camp surveying the ongoing operations at
Las Bolas, El Manto and the Arbolito shaft targets, we have saved the afternoon for the northern region of
the property ‐ where we will be taking a look at the architectural remains of the circa 1920’s mill and
smelting operations, as well as one of Golden Goliath’s core projects – San Timoteo, which includes the San
Martin tunnel area, as well as the Nueva Union region. We are also planning to visit two new targets, the
first of which has been identified by an Induced Polarization (IP) geophysical survey and is in the vicinity of
the San Timoteo II claim (this area has been given the name of “the Anomaly”), and the second which is

9. located between the San Martin tunnel and the La Reforma target which was identified by a recent ASTER
satellite imaging study.
To get to this region of the camp we backtracked
about 4 or 5 kilometers up the main road we used to
get to the town of Uruachic, and once at the top,
crested a ridge and crossed over into the next valley.
From our promontory at the top of the ridgeline, we
had a tremendous view across the wide valley (see
the opening picture) and stopped for a short break as
Golden Goliath’s CEO, Paul Sorbara pointed out each
of the days quarry, all visible from our vantage point
except the San Martin tunnel, which was blocked
from our view by the steep down slope we were
about to traverse to make out way into the region.
These two areas, San Timoteo and Nueva Union have
been explored quite extensively over the past few
years by Golden Goliath’s geology and field teams and while producing some very promising results for the
Company to date, the current focus of drilling and exploration is taking place in and around the San Timoteo
complex, which includes the San Martin tunnel – a “walking height” horizontal mine tunnel which reaches
deep into the hillside (over 800 meters) with a large opening
located near the valley floor.
We will get to San Timoteo in a bit, but first we will cover the
Nueva Union area. As you wind down the mountainside and
into the valley which contains these gold‐silver targets, the
ground becomes a deep rust color once again as you cross
into the lower elevations ‐ just below the upper volcanics.
The vegetation also becomes much more sparse as the metal
rich earth produces a beltline of ground which is not
conducive to ground foliage. This is the dirt that has attracted Golden Goliath to the region and explains why
so much rich ore has been mined over the years in the
Uruachic district.
Nueva Union
Nueva Union is where the historic mill and smelter
operations are located which processed the gold and
silver ore produced by the more than 100 individual
mining operations that operated throughout the
Uruachic valley up to the early to mid 1900’s. After the
crushing operation, the ore was moved across the road
to the antiquated smelter where bars of silver and coins
were poured, many exhibiting the Uruachic crest. Much
of this silver was stored right next to the mill in a large hacienda style home complete with bank style vaults.

10. Touring the old mill operation, smelter, and assorted storage
structures turned out to be one of the highlights of the trip. As
you walked from building to building and worked your way
through some of the heavily weathered and dilapidated
workings, the rich history steeped into the ground from decades
of processing ore came welling up with a very strong, almost
visceral sensation. You could squint your eyes and instantly be
transported back in time over 100 years when the operation
was working at full steam ‐ visualize the old stamp mill pumping
up and down, breaking the mineral rich ore chunks down to a
manageable size . . . . watch the ball mill spinning to pulverize
the ore down to a fine aggregate . . . . breathe in the thick, acrid
ore dust mixed with hot steam . . . . watch the operators move
carefully in and about the many moving parts and dangerous
operation that fed the silver and gold rich material through the
multi stage conveyor system.
The heavy iron engine that pumped life into this system looked like a
steam driven workhorse out of a turn of the century utility truck or
tractor, and had come to rest in the middle of the main floor, as if
exhausted and deserving of its long awaited rest. Over the years the
engine had undoubtedly chugged tirelessly around the clock doing the
heavy lifting that in the prior centuries was done by the men of Uruachic,
swinging heavy rock hammers while pouring buckets of sweat.
From a metal plaque located on the main headframe of the mill, the mass of workings were manufactured
in Chicago at an iron works foundry by the name of Fraser and Chalmers. In the late 1880s the gold and
diamond mining regions of South Africa were being rapidly developed,
with the aid of a great deal of machinery ‐ hoists, pumps, ore crushers and
winders etc, manufactured by Fraser and Chalmers American company
based in Chicago. A quick Google search revealed that in 1901, Fraser and
Chalmers merged with the American engineering firm E P Allis and formed
Allis Chalmers, a firm that became one of the largest manufacturers of
heavy farming equipment until it was bought in 1985 by the German
based firm K‐H Deutz (my great uncle had an Allis and Chalmers tractor).
I can only imagine how this heavy equipment got all the way from Chicago
to the interior of Mexico, deep in the hills of the Sierra Madre mountains
around the turn of the century (when it took me the better part of 2 days
to travel the shorter distance from San Diego to Uruachic with the use of
modern commercial jet travel and late model four wheel drive vehicle – and it was still a tough trip!)
This must have been a very long, expensive and arduous journey via rail, or possibly in the cargo hold of a
clipper ship and eventually packed in the last 50 to 100 kilometers by mule train, and speaks volumes of the
ingenuity and determination of mining operators at that time.

11. After kicking around the old millworks and smelter for
about an hour or so, we walked the short distance
over to the old Nueva Union Hacienda and met up
with several of the local Patron’s that live in the
Nueva Union area and have become the defacto
caretakers of GNG’s operations in that area for many
years. After a few introductions and a handshake or
two, we joined up with Sabas and Lauro, two of
Golden Goliath’s field team at the core display tent to
get a look at the new drill cores and latest results from
the nearby San Timoteo site, which had just been
brought to the surface from the current drill station
about halfway up the hillside – drilling vertically down
several hundred meters to an area that sits below the
level of the San Martin tunnel works.
San Timoteo
The San Timoteo target area consists of northeast trending structures and at least one east west structure
that cuts into intensely altered dacitic volcanics and minor sedimentary rocks of the Lower Volcanic
sequence. Stockwork veining is extensive in some areas with numerous old mine workings occuring on the
property, including the San Martin Mine
– which is the only old mine in Uruachic
known to have tracks, as well as several
smaller tunnels that offshoot from the
main tunnel. The San Martin tunnel &
underground workings are about 800
meters long and roughly 3 meters wide.
Records show that San Martin ore
graded 1,038 g/t silver & 7.3 g/t gold.
The San Martin tunnel is also near the
old Las Animas Mine, where historic
production grades ranged from 5.67 to
7.08 kilograms of silver per tonne (that
is over 7,000 grams per tonne!) In 2007
the Company intersected 21m of 89.5
g/t silver, 0.31 g/t gold,2.5% Zn, & 1.6% Pb in a diamond drill hole ST‐07‐08. In 2008 an underground
systematic chip sampling and mapping program returned 20m of 5.96 g/t gold, 202 g/t silver, 2.5% Pb, &
0.4% Zn. With excellent results taken from inside the mine, Golden Goliath is moving quickly to source an
electric drill rig they can place deep within the tunnel to test areas directly below the tunnel level more
efficiently than drilling from the hillside, which has proven to be problematic and more expensive due to
the difficulty of hitting a target two or three hundred meters away from the drill collar.

12. As the San Martin tunnel runs almost a full kilometer into the
hillside, I was somewhat relieved when Paul casually stated that
since we were on the core shack side of the river, that we would
not be going into the San Martin tunnel that afternoon. I had
been sweating that situation all day, and was wondering what I
was going to do when faced with the decision of going deep into
the hillside in a tunnel that was easily over 100 years old –
thankfully I never had to make that decision.
The San Martin tunnel area has been extensively explored by
Golden Goliath with recent findings that are very prospective for
defining a large volume area with precious metal values. Recent assay results include a number of excellent
findings. In April of 2008, the Company announced results including underground chip sampling that
returned a 40 metre section grading 1.95 gm gold/tonne and 56.8 gm silver/tonne, including a 10 metre
section grading 6.7 gm gold/tonne and 131.6 gm silver/tonne. That section was located approximately 250
metres from the entrance to the tunnel in an area that contains old cross cuts, raises and an internal shaft.
In May of 2008 they bettered those
results with grab samples from a new
zone that averaged 6.8 gm gold/tonne
and 2,158 gm silver/tonne. From these
results the Company was now starting
to zero in on three separate areas in
the San Martin tunnel region that were
identified as Zones A, B and C. The
following text summarized these three
zones:
Zone A begins approximately 209
metres from the tunnel entrance. In
addition to the above results, drill hole
ST‐DD‐08‐7, which undercut the tunnel
about 100 metres from the entrance,
returned a weighted average of 1.74 gm gold/tonne over 7.75 metres. This
further expands the overall zone of gold mineralization by an additional 100
metres.
Zone B opens in 3 directions (North, South and vertically) whereas Zone C
opens to the South and vertically.
Both Zones B and C have high grade sections. Zone B has a 10 metre section
grading of 6.7 gm gold/tonne and 131.6 gm silver/tonne (reported on April 8). Zone C returned 3 grab
sample assays averaging 6.8 gm gold/tonne and 2,158 gm silver/tonne. Zones B and C are part of Zone A.
Upon examining the core samples from the most recent sections of the current diamond drill location, it
looked as if Golden Goliath was continuing to close in on the higher grade material. The cores were

13. consistently exhibiting thick sections of what looked to be very mineral rich material (measuring 5 plus
meters in thickness in sections). Many of the core cuttings showed good mineral concentrations exhibiting
visible galena and pyrite that got the group in high anticipation mode for what these cores could produce
back from the assay labs. Needless to say, the San Timoteo area was turning out to be a highly successful
target for Golden Goliath, with even more expected from the area once they were able to commence
drilling operations from within the tunnel itself, thereby eliminating the need to drill through so much
overburden to get to the high grade sections believed to be just below the level of the tunnel.
The late afternoon sun had become very hot by this time and the humidity was easily in the 90%+ range.
The open style tent covering and cold soda from the truck cooler offered a comfortable respite from the
mid‐day heat and upon finishing up at the core shack, we said our “hasta la vista’s” to the field crew and
loaded back up into the four wheel drives for a closer inspection of a new hot spot across the valley called
simply the “Geophysical Anomaly”. This
new region, which is located on the
opposite side of the valley and across the
river from the San Martin mine, was
discovered via an IP or ‘Induced
Polarization’ electromagnetic study
performed by a third party contractor of
Golden Goliath – SJ Geophysics.
Basically, this is a procedure wherein you
place two electrodes into the ground and
while running an electrical current from
one electrode to the other you measure
the resulting field that is created. You then
turn off the current source and quickly
measure the secondary field which is
produced by the lining up of the
“chargeable” metals – (pyrite, chalcopyrite, galena, etc), which decays quickly as the metals return to their
non‐aligned state. The intensity and decay rate of the secondary field gives the observer an idea as to the
amount of disseminated sulfide minerals in the area. Disseminated sulfide minerals, such as pyrite, are
sometimes associated with gold and silver mineralization. As you can see from the above picture the results
can provide an excellent road map of where to drill (the red areas indicate high concentrations of
chargeable materials). Golden Goliath has mapped this area and had a number of surface samples returned
from the assay labs which were anomalous for gold and silver, meaning that the concentrations were high
enough to warrant further exploration in the area and move to diamond drilling. Several diamond drill holes
have now been completed with the cores still out to the lab for evaluation. This is a highly prospective area
which the group is excited about, and could lead to a new discovery of size in the future.
With the sun now starting to move lower in the sky, we were down to our final mission, which was to do a
quick ground survey of a new drill target that had been identified via an ASTER study. ASTER stands for
Advanced Spaceborne Thermal Emission & Reflection and is a process in which high altitude satellite maps
are evaluated by qualified geologists (in this case that geologist was Ward E. Kilby P.Geo of Cal Data Ltd.,
Kelowna, BC) to help predict where concentrations of precious metals could have gathered. Golden

14. Goliath’s ASTER study delineated some highly altered zones & important mineral spectra that were similar
to the Carlin Trend Deposits (in Nevada) and other large hydrothermal systems. We were headed to one of
those zones right now. Upon our arrival, (after very nearly high centering one of the trucks in a very deep
drywash ‐ that turned out to be not so dry) the
team sized up the area and after taking a few
ground samples penciled in several potential drill
pad sites on the map that would be further
evaluated before final selections would be made.
The brisk conversation revolving around this
exciting new target wound down after a while to
a somber silence as the sun dipped below the
high ridge of the San Timoteo hillside, bathing
the entire valley in the soft golden glow of
twilight. Without a word, each of us knew
instinctively that our day in the field had come to
an end and it was time to head back to the barn.
We loaded up again for the rough ride back over the mountain and a much deserved dinner (we hadn’t
eaten much since breakfast, so the crew was getting pretty hungry at this point) as well as a recap of the
day’s events back at Golden Goliath’s Uruachic office.
The Long Trip Home
After about 45 minutes on the winding dirt road back to Uruachic, passing the humble brick casas and out
buildings of the native Uruachic farmers that live in the remote outskirts of town, we arrived back at GNG’s
field office. Notes of the day’s events were organized, rock samples were tagged and recorded, and after a
brief consultation of area maps, we all walked back into town (somewhat reminiscent of the opening scene
of the Tarantino classic ‐ Reservoir Dogs) for our final dinner feast at Margarita’s restaurant. With everyone
tired from the long day in the field, we retired early and I slipped into a very deep and peaceful sleep,
broken just before daylight by the many roosters of Uruachic that take their
task of waking the town each morning very seriously. After a quick breakfast
and the standard good bye’s to new friends at Golden Goliath’s office, Omar
and I took our leave and started the long journey back to Chihuahua, which
was really much more like time travel, turning the clock forward about 50
years in eight hours while returning to the 21st century. In many ways, the
trip home was very much like the trip there, only in reverse order – stopping
at the same places for gas, eating at the same restaurant . . watching the
same roadside attractions go by from the other side of the truck – except we
made one side trip to a famous waterfall. I have since forgotten the name
of the waterfall, which doesn’t matter really. We were the only ones there
that day , which was rather odd as this waterfall is one of the highest in
North America and was truly a magnificent site – giving testament as to just
how remote this area really is.
We made good time back to Chihuahua and before I knew it Omar was dropping me off at the Hampton Inn
for one more night in‐county as I wasn’t flying back to San Diego until the following morning. After a brief

15. embrace, firm handshake and promise to communicate by email, we said our final good bye and I knew that
I would very much miss my official tour guide as we had become close friends in the short time spent
together.
My flight back to San Diego the following day was uneventful and although I was glad to be back to the
comforts of home, I knew that I would feel some regret over leaving the idyllic mountain village of Uruachic
so soon – a place that has slipped into my thoughts many times since . . . . a place that had somehow been
able to stop the clock and continue its existence in a simpler and more noble time.
Reflections and Conclusions of Golden Goliath’s Uruachic Camp
When you travel with people into a rugged and foreign land, you get to know them fairly quickly and gain a
respect for them that you wouldn’t normally get otherwise. When I first arrived in Mexico, the warm
greeting I received from the entire Golden Goliath team – Paul, Daniel, Rasool, Omar, Sabas and Lauro ‐ put
me at ease right away. This was a hard working and dedicated crew that was up to the task at hand. After a
few days in the field, I was granted the unique opportunity as an outsider that had been accepted into the
group to watch how this team worked together in a highly efficient manner to progress the operations and
meet GNG’s objectives at Uruachic. It was easy to see that this group had formed a cohesive bond focused
around a no‐nonsense determination of developing the resources of this very large exploration target, and
moving the property to the next level of value enhancement.
Subsequent to my return to the US, Golden Goliath announced 2 new mineral rich discoveries: one at the
newly named Surcusal property (in the San Timoteo region) where assay results returned gold equivalent
values of 5.93 gms/tonne over a core length of 4.6 meters and another at their Las Bolas camp where recent
assay’s in the southern part of the Frijolar structure, including the Frijolar tunnel, confirming a 35 metre
length section averaging 315 g/t Silver).
Commenting on these events in the press release, Golden Goliath’s CEO, Paul Sorbara summed up the
present condition and future expectations of Golden Goliath in a short but to the point paragraph:
“We are very excited about our new Sucursal discovery in San
Timoteo, and the high grade anomaly we have identified at Frijolar.
We see in these two structures the beginnings of what could
ultimately result in near surface, bulk mineable deposits. With
each new discovery at Uruachic we are adding to the inventory of
known mineralized structures that we plan to incorporate into our
inaugural NI 43‐101 resource calculation. Our primary goal going
forward from here is to step down the interval distance between
successful drill holes within the Las Bolas, San Timoteo, Sucursal
and Frijolar structures to National Instrument standards in advance
of that resource calculation.”
We now come to the end of our story, but the story of Golden Goliath looks to be just getting started. In
addition to the very large Uruachic Camp property, which could easily fill out the property portfolio’s of
three or four separate junior exploration companies, Golden Goliath also has three secondary mineral target
properties in their base – La Cruz, Chamizal and Corona (presently in a JV with Comstock Resources Ltd).

16. From Paul Sorbara’s extensive education, geological background and experience in the region (he performed
exploration work for Cominco Ltd. in the Sierra Madre region back in the 80’s, and is both a qualified
geologist and expert in the study of collapsed caldera structures) coupled with his steadfast determination
and well balanced team, we are confident that Golden Goliath has a very good chance of being successful in
its efforts to document a material mineral asset base which could propel the Company to the next level of
building a sustainable middle market mining enterprise.
While it is still early, and even Paul Sorbara admits there is plenty of further exploration & delineation work
to be completed, the vast size and early qualities of the Company’s 100% owned Uruachic Camp property
look to be ideally suited to a large scale mining operation that would either attract a senior mining group to
vend in and help GNG take it to the next level, or with continued exploration on behalf of Paul and his team,
could eventually be advanced by Golden Goliath itself – going full circle and continuing the areas long
standing tradition of entrepreneurial based gold and silver production ‐ like the Uruachic region has
experienced throughout its rich mining history.
I hope to get back to Uruachic next year to check on the Company’s progress, at which time we will add
another chapter to this Travel Dispatch (but next time I think I’m going to ask Paul if we can charter a
helicopter! ‐ my ribs are still aching from the many hours of washboard, dirt road travel).
Until next time.
This is your tour guide ‐ Clay Chase, signing off for Babybulls.com
For additional information on Golden Goliath go to their website at: www.goldengoliath.com and
www.babybulls.com
Subscribers receive regular update posts and alerts for Golden Goliath Resources and other emerging junior
resource companies with compelling growth stories. Membership is free.
Disclaimer: This information is provided by BabyBulls.com to provide readers with information on selected publicly traded companies. The reader should verify all claims
and complete his or her own due diligence before investing in any securities of profiled companies. BabyBulls.com has been retained to provide investor relations
services for some of the companies mentioned in this profile and receives compensation for those services. Further, BabyBulls.com and its employees and affiliates may
own, or may purchase and sell, securities of the companies profiled. BabyBulls.com undertakes no obligation to inform readers about the ownership or trading activities
of it or its employees or affiliates in the securities of the profiled companies. This information post is a production of BabyBulls.com 2190 Carmel Valley Road, Suite G,
Del Mar CA 92014. BabyBulls.com has the following compensation arrangements with the companies profiled in this email: Golden Goliath Resources $5,000/month
and 150,000 warrants (one time) to purchase stock at a strike price of CDN $0.25. Neither BabyBulls.com nor anyone involved in the publication of this email is a
registered investment adviser or broker/dealer. BabyBulls.com makes no recommendation that the purchase of securities of companies profiled in this email is suitable
or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active
trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. An investor in such securities should be prepared
and able to bear a loss of his or her entire investment. Nothing in this email should be construed as an offer or solicitation to buy or sell any securities of any profiled
company. See the babybulls.com website for full disclaimer information.