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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

Post by BILLMINERon Jul 13, 2021 9:14am
206 Views
Post# 33535071

Wait and see approach

Wait and see approach Doing some dd after reading their nr this am. Trying to determine gold grade they may expect in this zone or zones. This is simply my take on what they may have drilled into. They apparently drilled under the south part of the cliff showing, where previous channel sampling returned approx 4.5 g/tAu over 3 m. News release mentions high grade angular float found nearby but not the channel results. Their first 2 drill holes are located a distance to the se, separate from the main surebet zone which trends in a nw-se fashion. DDH 1 was drilled to the se (140degrees). It seems as though they are chasing a ne-sw trending structure. Presentation mentions cliff zone is 40 m wide , however they channeled only 3 m.? They depict the surebet zone as having a certain width over a certain distance, however there are lots of gaps in the channel cutting along the strike. 3D video shows what they depict a known zone going to certain depth and having a certain width. With no drill holes? A few question marks remain for me. Nice looking rock? Sure, the mineralization they do show in the core. I’ll wait and see what transpires with this one.
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