Goliath Resources Ltd V.GOT

Goliath Mobilizes for 5000m Drill Program at Sure Bet Zone

[yukon_gold]

GOLIATH MOBILIZES FOR 5000 METER DRILL PROGRAM ON EXTENSIVE NEW HIGH-GRADE GOLD-SILVER DISCOVERY IN THE GOLDEN TRIANGLE, B.C.

 
Highlights:
 

• The Surebet Zone is exposed at surface for 1000 meters of strike with 500 meters of vertical relief and 1000 meters of inferred down dip extension that remains open in all directions.

• The Surebet Zone has an average true width of 9.84 meters and grade of 10.68 g/t AuEq (7.59 g/t Au), channel highlights include:

• 13.05 g/t AuEq over 15.1 meters true width
• 14.11 g/t AuEq over 10.0 meters true width

• ~ 5000 meter inaugural drill program from 14 separate drill pads planned to target the extensive high-grade gold-silver structure discovery exposed at surface along strike and to depth.

• Surebet Zone 3D Model & Proposed Drill Locations Video (Click Here).

 
Toronto, Ontario – May 20, 2021 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report it has mobilized for its inaugural diamond drill program at its 100% controlled Golddigger Project. It is designed to trace the high-grade gold-silver zone exposed at surface along strike and to depth at the Surebet Zone discovery. This new discovery is in a world class geological setting near Stewart, BC in the Golden Triangle of British Columbia. Both the Homestake Ridge deposit and Dolly Varden Silver mine are close in proximity.
 
Dr. Quinton Hennigh, technical advisor to Goliath commented: “The geology of the Surebet Zone bears striking resemblance to several other notable precious metal-rich epigenetic deposits in the vicinity of the southern apex of the Golden Triangle. The nearby Homestake Ridge deposit is one, but I also see similarities to veins mined at the famous high-grade Premier mine further north. Perhaps most notably, the thickness and apparent continuity of the Surebet Zone is robust like early veins mined at Premier beginning in the 1990’s. Our drill program is designed to test shallow, down-dip projections of the mineralized zone first but also aggressively tackle deeper reaches of the vein later in the season. By the end of this drill program, I think we will develop a definitive picture of what we have. It will be very exciting to see this drill begin turning in a few weeks.”
 
Link to the complete news release (Click Here).
 
Roger Rosmus, President & CEO
[e-mail]
 
GOLIATH RESOURCES LIMITED
(TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF)
Office +1.416.488.2887 x222
401 Bay Street, Suite 2702
Toronto, Ontario M5H 2Y4
www.goliathresourcesltd.com