From grass roots beginnings, Golden Goliath Resources (CVE:GNG) looks set to begin a promising phase in its existence as the junior explorer advances several highly prospective projects in Mexico’s Uruachic mining camp.

The company has a long history, developing gold and silver potential on properties in Mexico with extensive past production that are adjacent to and have similar geology to a new discovery – which has announced a resource of more than nine million ounces of gold.

Indeed, among its unique and attractive qualities is GNG’s land package. Unlike most juniors, GNG controls an entire old mining camp, or district, that covers an area of 15 by 25 kilometres, with numerous past producing gold and silver mines dating back to the time of the Spaniards.

The Uruachic mining camp lies directly in the centre of the Sierra Madre Occidental. This historic trend has produced approximately 40 million ounces of gold and up to 2 billion ounces of silver over the last 400 years.

This potential has not gone unnoticed, with industry leader Agnico-Eagle Mines (TSE:AEM) (NYSE:AEM) and Sprott Asset Management being the company’s two largest shareholders. Marc Legault, a senior VP of Agnico-Eagle, also sits on GNG’s board of directors.

Agnico-Eagle turned its attention to GNG over the past two years since the company has been putting together a significant silver/gold discovery on Golden Goliath’s Las Bolas property.

GNG and Agnico recently concluded an earn-in agreement on the property, and the company recently spoke with Proactiveinvestors about the Agnico deal.

“Agnico-Eagle has advised us that their drill is now onsite at the Las Bolas/Los Hilos property, and their crew is commencing the current drilling program,” says GNG CEO, Paul Sorbara.

Under the terms of the agreement, Agnico can earn a 51 per cent interest in the property by spending $5 million on exploration over a five year period. It then has the option of earning an additional 20 per cent interest by either completing a feasibility study or by spending an additional $10 million in exploration.

“Agnico is drilling a series of roughly parallel veins that GNG has been working on for several years that lie within three trends, adds Sorbara.

“There is also a flat lying vein deeper down, so there is a targeted depth too.”

The Las Bolas/Los Hilos property touches the western edge of GNG’s Nopalera discovery – another of its potential gold producing areas.

The Nopalera property also lies adjacent to the recent Orisyvo discovery by silver giant Fresnillo (LON:FRES), which is currently stated to contain 9.6 million ounces of gold and 13 million ounces of silver. Fresnillo says that in 2012 it plans to continue drilling from surface and underground, study mining methodology and conduct further metallurgical testing.

Nopalera is roughly four kilometres squared in size and GNG says that about a third of the property has been explored to date.

“The best explored portion of the property already has several drill targets and our exploration team is greatly encouraged by the work to date and the similarities to Orisyvo and eagerly anticipate the start of the first diamond drilling program on the property,” says Sorbara.

GNG says that work to upgrade the infrastructure around the Orisyvo discovery “shows the importance of this major new gold discovery, and will greatly enhance and facilitate” its Uruachic operations. This work includes turning a gravel general access road into a paved highway with concrete bridges.

Just last month, GNG released an update on some of the additional activity in and around its Uruachic mining camp.

The company says the Mexican local government is building a new road along the Oteros River that has given its exploration crew the first road access to GNG’s 1,503-hectare, wholly-owned Barranca claim.

The La Barranca concession is one of the company’s original concessions in the area, but no significant work had been conducted due to the difficult access. Since the new road access, GNG has identified a very promising zone with excellent grades in gold and silver.

Recent initial work carried out by GNG’s exploration team on the La Barranca claim has shown the presence of gold, silver and copper values in mantos and quartz veins. Currently, 42 channel samples have been taken over a cumulative length of 205 metres across structures with an average width of 3.57 metres.

The company says that the samples average 1.30 grams per tonne (g/t) gold, 35 g/t silver and 0.268 per cent copper. The gold values ​​range from 0.126 g/t to 8.96 g/t, and silver values range from 6.3 g/t to over limit values of 100 g/t – which are currently being re-checked.

Meanwhile, at Nopalera, GNG says drill target definition is nearing completion as its geological team is compiling the results of the more than 4,000 rock samples collected from the concession.

Looking ahead, with respect to advancing its geological understanding of the Uruachic camp and the Orisyvo deposit type, GNG says it is working closely with Agnico-Eagle and its technical team, some of whom were a part of the Orisyvo discovery before joining Agnico.

“Their drill program, which just commenced, will continue to build and enhance our understanding,” says Sorbara.

“I have always believed that the Uruachic mining camp would become a major mining district.”

“Exploration and development activities are now occurring faster than ever before.”

Sorbara says he has worked for many years in the Uruachic area and he is “gratified to see Golden Goliath positioned at the heart of the action.”

“With several major mining companies recognizing the potential of, and operating in, the Uruachic mining camp and a major gold deposit being developed, it is very satisfying for me. “

“The discovery of another large porphyry style gold deposit on our Nopalera property will be the icing on the cake.”