Toronto, Ontario – June 8, 2022 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report drilling has commenced for its planned 24,000 meters of drilling on its new and extensive high-grade gold-silver discovery at its 100% controlled Golddigger Project. The campaign is designed for resource level infill drilling as well as testing the outer extremities to depth at the newly discovered Surebet Zone. The property is on tide water and in a world class geological setting near Stewart, BC in the Golden Triangle of British Columbia. The Homestake Ridge Deposit & Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.
Goliath’s 24,000 meter drill campaign totaling 85 holes from 24 separate drill pads will target the extensive high-grade gold-silver structure exposed at surface at the Surebet Zone along strike and to depth. The inaugural drill holes planned for the Extension Target just discovered in 2021 will provide tremendous potential to significantly expand the Surebet footprint by ~1.2 km to the southeast. The Surebet’s maiden drill program in 2021 had a 100% hit ratio as all 24 holes totaling 5,332 meters intercepted significant widths of high-grade gold-silver over 1 km of strike and confirmed 1.1 km of down-dip extent. The average grade and width from all 24 holes are 6.29 gpt AuEq (4.35 gpt Au and 104.94 gpt Ag) over 5.87 meters* respectively.
Dr. Quinton Hennigh, Geologic/Technical Director to Crescat Capital, strategic shareholder of Goliath commented: “Goliath’s team is off to a strong start diamond drilling at Surebet this year. This bodes well for the success of the very robust drill campaign the Company has planned this season. Not only does the company plan to systematically drill Surebet down dip 1.5 km, drilling will also test the New Extension target believed to be the down-faulted continuation of Surebet to the southeast. By the end of this season, the 2022 drill program will provide great clarity about the strength of continuity and grade of the Surebet Zone and also point to areas with potential for considerable growth.”
Mr. Roger Rosmus, CEO of Goliath states: “We are extremely pleased that our drill program is now underway for an aggressive 24,000 meters at our newly discovered Surebet Zone. This newly discovered system has already demonstrated to be extensive and robust that is structurally controlled with a down-dip of 1.1 km that remains open. This project is in a geo-political safe jurisdiction amenable to mining in Canada and key geologic setting where many world-class deposits have been discovered. The Surebet Zone has the potential to be the next big discovery in the Golden Triangle. We look forward to reporting drilling results with much anticipation.”
Golddigger Property
The Golddigger Property is 100 % controlled covering an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Eskay Rift within the Golden Triangle, British Columbia and within 2 km of the Red Line that is host to multiple world class deposits. The property is on tide water 30 kilometers southeast of Stewart, British Columbia. The Homestake Ridge Deposit & Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.
Link to complete release: Click Here.
Dr. Quinton Hennigh, Crescat’s geologic and technical director discusses their investment, potential size of the Surebet Zone and its remarkable metallurgy: Click for Video.
Dr. Quinton Hennigh of Crescat Capital - Goliath 2022 drilling update Click for Video.
Dr. Quinton Hennigh presents Goliath at the Metals Investors Forum March 2022 Click for Video.
Link to Golddigger Project and Surebet Zone details: Click Here.
For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
roger@goliathresources.com
https://goliathresourcesltd.com