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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 north of Terrace, British Columbia. The Company also owns a 10% interest in the DSM Syndicate projects. It has six mineral claim blocks, totaling 391 mineral claims, under Goliath's Nelligan East Project and Nelligan West Project.


TSXV:GOT - Post by User

Post by PonyHunteron Aug 16, 2021 11:52am
242 Views
Post# 33710153

Positioned to be the Next Great Bear / New Found Gold

Positioned to be the Next Great Bear / New Found GoldVery fun stock to follow and hard to be patient with assays (coming soon). Not sure what the initial results will be for the program but I'm personally not expecting the ~ 0.5 oz/t over 10m... normally surface channel samples are wider and more biased then drilling since you can be selective with where you put your channel samples and all the widths will be apparent, not true width (there fore exaggerated in length). Looking at the 3D model, I would expect / happy with >10 g/t over 5m with probably a more narrow higher grade portion within that interval. Visually holes 3 and 6 appear to be better.

We know from the previous work that there is a Ag-Zn-Pb relationship with the Au and the drilling has certainly hit the same system. One thing to keep in mind is that they report 10's of meters of veining, HOWEVER of thats wide intervals, there will only be a small section which is mineralized vein (say for example that they intersected 50m of veining, maybe only 3-10m is mineralized). This means people shouldn't expect 10's meters returning 10 g/t plus. These systems have multiple generations of veins, some are mineralized, most are not.

Good luck out there. I would like to see the market cap reach 100-150M before the end of the season and >250M during the 2022 season.
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