Toronto, Ontario – July 19, 2023 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report it has discovered a brand new strongly mineralized 6.5 kilometer trend containing multiple stacked shear zones dubbed the Full House trend at its 100 % controlled Golddigger property (the “Property”), Golden Triangle, British Columbia.
The newly discovered zone referred to as Full House hosts Surebet-style mineralization containing galena and sphalerite in outcropping shear zones striking east-west and dipping to the north. These mineralized shear zones have been traced sporadically over at least 3 kilometers within a broader trend of multiple stacked shears traced for 6.5 kilometers that remains wide open. Several areas have already been identified as drill targets and will be tested with the drill bit during the current 2023 drill season.
This new discovery is believed to be connected to the same high-grade feeder source at depth below Surebet (5 km to the Southeast) and Goldswarm (3.5 km to the northeast), all demonstrating the untapped remaining discovery potential on the Golddigger Property along 56 kilometers of the Red Line that is largely unexplored. Prospecting on the new Full House discovery remains ongoing.
Golddigger Property
The Golddigger Property is 100 % controlled covering an area of 59,089 hectares (146,012 acres) and is in the world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia and within 3 kilometers of the ‘Red Line’ that is host to multiple world class deposits. The Surebet discovery is in an excellent location in close proximity to the communities of Alice Arm and Kitsault where there is permitted mill site on private property. Its situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power. Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the East of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport with supplies.