Golden Goliath Resources Ltd.: Drilling to Resume at Las Bolas/Los Hilos
The Company is pleased to announce that they have received notice that the Mexican Subsidiary of Agnico-Eagle Mines Limited is scheduled to resume drilling in early May. This will be the second year of work by them on the property since the Earn-in and Shareholders agreement was signed. Under the terms of the agreement, Agnico-Eagle can earn a 51% interest in the property by spending $5 million on exploration over a 5 year period. Agnico-Eagle will then have the option of earning an additional 20% interest by either completing a feasibility study or by spending an additional $10 million in exploration.