Goliath Resources Ltd V.GOT

Alternate Symbol(s): GOTRF

Metals & Mining Industrial Metals & Minerals

Goliath Resources Limited is a Canada-based junior resource exploration company. The Company is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. The Company owns 100% of the Golddigger property that covers an area of 52,756 hectares. The Homestake Ridge Deposit (Fury Gold Mines Limited), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity. The Golddigger Property consists of contiguous mineral claims located approximately 30 kilometers southeast of Stewart with tidewater access on Hastings Arm in the Golden Triangle of Northern British Columbia. The Luckystrike Property is located 40 kilometers north of Terrace, British Columbia. The Company also owns a 10% interest in the DSM Syndicate projects. It has six mineral claim blocks under Goliath’s Nelligan East Project and Nelligan West Project.

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Goliath Resources Ltd

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Post by TRTSUPERSTARon Feb 26, 2018 1:08pm

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Post# 27621929

Very Interesting !!!

GOLIATH RESOURCES LIMITED
Lucky Strike Property Note – February 26, 2018

New 3D Model of Large Porphyry Target Measuring
2500 x 1500 x 500 Metres, Drill Ready & Open at Depth

The newly discovered Prosperity Bullseye Zone on Goliath’s 100% optioned Lucky Strike property is located in northwestern British Columbia. It is located in a world class geological terrane within the Skeena Arch, a belt-scale structural corridor that is associated with significant porphyry and related mineralization.

The Prosperity Bullseye Zone extends over 2.4 kilometres wide by 3.4 kilometres long and is defined by:

A 2000 by 400 metre soil anomaly that has a geochemical signature consistent with a porphyry system (link to map).

Coincident with the soil anomaly, a SkyTEM^TM electromagnetic survey found concentric conductive zones flanking a magnetic high (link to 3D video model) extending over 2500 x 1500 x 500 metres that remains open to depth. Together these indicate the presence of a porphyry (link to image 1 + link to image 2).

The Prosperity Bullseye Zone is surrounded by two of the most prolific placer creeks in the district with coarse nuggets recovered over 6 ounces gold (see BC MINFILE No. 103I204, 103I050 and 103I207) and is believed to be the source of this gold (link to map).

Widespread, high-grade polymetallic veining, localized molybdenum in altered intrusives, and documented historic polymetallic porphyry veining strongly indicate the presence of a porphyry (link to image).

All the above indicate the presence of a large porphyry system at depth and provides for multiple strong drill ready targets for the planned inaugural 2018 drill program. With initial drilling success, the Prosperity Bullseye Zone porphyry target provides for an excellent opportunity to expand the zone along strike and to depth. This zone is located in a world class geological setting with road access and is in close proximity to major infrastructure.