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Goliath Resources Ltd V.GOT

Alternate Symbol(s):  GOTRF

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.


TSXV:GOT - Post by User

Bullboard Posts
Comment by sueronon Jul 24, 2020 3:46pm
84 Views
Post# 31316459

RE:RE:Goliath seems to be waking up...

RE:RE:Goliath seems to be waking up...
Not saying to buy or sell..

From GOT website..

The Golddigger property covers 18,587 hectares and is located on tide water 30 kilometres south east of Stewart BC in the Golden Triangle.

The eastern side of the Golddigger property is underlain by inter-fingered bimodal volcanic rocks similar to the Iskut River Formation. The Iskut River Formation of the Hazleton Volcanic Group hosts the high-grade Eskay Creek deposit.

This world class geologic setting has excellent discovery potential due to its location within Hazelton Group rocks that have the same stratigraphic unit that hosts Auryn Resources Inc’s Homestake Ridge deposit and Pretium Resources Inc.’s Brucejack deposit. The property is also situated within two kilometres of the unconformity between Lower Hazelton and Stuhini rocks, also known as the “Red Line” boundary where the vast majority of major deposits have been found within the Golden Triangle.

The new discovery in 2019 of the Sure Bet Zone is 1550 metres by 1130 metres within a larger mineralized zone covering 4sqkm in area. It is next door to Auryn’s Homestake Ridge high-grade Au & Ag deposit of ~1.2M oz AuEq @ 7.41 g/t AuEq and only 7km west of the Dolly Varden Mine access road that leads to Alice Arm, BC. The exploration plan for 2020 will consist of extensive channel cutting, sampling and mapping in preparation for an inaugural drill program in 2021.

Mineralization consists of structurally controlled massive sulphides containing Galena, Sphalerite and Pyrite within NW-SE trending in several fault structures that are  up to 40 metres wide.

GLTA GOT share holders.

Ron

Bullboard Posts