Goliath Resources Ltd V.GOT

Goliath Finds 3 Mineralized, Wide-Open Zones at Golddigger🔑

[yukon_gold]

GOLIATH DISCOVERS EXTENSIVE MINERALIZATION IN MULTIPLE OUTCROPS OVER 500 METERS ON THE ICEFIELDS THAT REMAINS WIDE OPEN - GOLDEN TRIANGLE, B.C.

2023 Icefields Exploration Highlights:

Three (3) new zones consisting of sulphide-rich breccia, stockwork and veins in shear zones have been discovered on the icefields claim blocks of the Golddigger property and remain open (see map below):

Icefields Exploration & New Discoveries Video: Click Here

NEW TREASURE ISLAND DISCOVERY - DRILL READY: Treasure Island consists of new mineralized bedrock outcrops that have been exposed by glacial melt with multiple shear-hosted, polymetallic zones over a 500 meter long NW-SE trend that remains open in all directions. Mineralized zones are up to 20 meters wide with sections of massive chalcopyrite and pyrite occupying shears and forming sulphide rich mineralization at structural intersections and embayment zones within strongly folded and sheared mudstone, siltstone and tuff units. This discovery is on trend with the past producer Porter Idaho Mine located 6 kilometers to the west. The area is currently being channel cut and mapped in preparation for 2024 drilling (see images below).

NEW METALLICA DISCOVERY - DRILL READY: The Metallica Zone is situated 29 kilometers east of Stewart on the northeast portion of the icefields. Multiple oxidized quartz-carbonate veins, stockworks and lenses have been identified within altered andesite with 1 - 15 % sulphides. Zones up to 4 meters wide contain pyrite with lesser chalcopyrite, sphalerite and galena over a 300 meter by 400 meter area (see image below).

NEW FULL CONTACT DISCOVERY - DRLL READY: Full Contact is located 19 kilometers northwest of the Surebet Zone. A 1.3-kilometer-long gossan in an area of glacial abatement was discovered with multiple silicified zones, quartz veins and shears. The area shares the same geological setting and alteration as Surebet with mineralization forming around the volcanic – sedimentary contact. Mineralization consisting primarily of pyrite, with lesser arsenopyrite and sphalerite disseminated within silicified zones, concentrating in veins and fractures (see image below).

Icefields Exploration & New Discoveries Video: Click Here

The new discoveries show the immense untapped discovery potential remaining on the Golddigger property. With a total of just over 8 months of boots on the ground at the Golddigger property to date, including the current season, we are likely just seeing the tip of the iceberg.

More than 75 new targets with excellent additional discovery potential were generated on the Golddigger property based on geochemical data, geophysical surveys, structural maps, satellite imagery and satellite spectral alteration data, that will be prospected, mapped, and sampled during the 2023 season in preparation for drilling.

Prospecting and mapping are ongoing on the entire property which encompasses 56 km of the Red Line in an area where recent snowpack and glacial abetment has provided extensive zones of newly exposed outcrop in a world-class geological setting (see tenure map below).

2023 Surebet Exploration Highlights:

Five (5) new zones consisting of strongly sulphide-mineralized veins and shear-zones directly connected to the Surebet system have been discovered on the Golddigger property and remain open (see map below):

Kahuna Zone:

A new 600-meter strike extension of the mineralized Bonanza Shear 2 kilometers to the northeast of the Surebet Zone along the eastern part of the North Slope. Within the zone, two additional new polymetallic quartz-sulphide veins were discovered with up to 10-meter-wide blow-outs containing abundant galena, sphalerite and chalcopyrite. This zone remains open and will be drill tested in 2023 (see image and video link below).

Kahuna Zone Video Link:

Click Here

Full House Zone:

Full House: Multiple polymetallic quartz-sulphide veins and shear zones with similar Surebet-style mineralization consisting of semi-massive to massive sphalerite and galena were discovered within a quartz-diorite intrusion located 5 kilometers northwest of the Surebet Zone. The stack of mineralized veins and shear zones has an average width of 5 to 10 meters, channel samples on Payday up to 3 ounces per tonne gold and remains open. Pending assay results, Full House will be drill tested in 2024.

Full House Zone Video Link:

Click Here

Outpost Zone:

Outpost: Multiple polymetallic quartz-sulphide veins, stockworks, and breccias have been discovered within sedimentary and volcanic rocks located 5 kilometers to the southeast of the Surebet Zone. These sphalerite, galena and chalcopyrite rich veins and breccia zones have been traced over 700 meters in outcrop and range between 5 and 50 meters in thickness and remain open. Exploration is underway in preparation for 2023 drilling.

Outpost Zone Video Link:

Click Here

Humdinger Zone:

Humdinger: The Bonanza Shear was projected to continue 1.5 kilometers south across the valley under the new Humdinger Zone. This zone is characterized by multiple polymetallic quartz-sulphide veins and stockwork consisting of stringers and aggregates of sphalerite, galena and chalcopyrite with a width of approximately 3 meters in the west and increases in width to over 20 meters in the east that remain open in both directions. The new Humdinger Zone will be drill tested during the 2023 season.

Humdinger Zone Video Link:

Click Here

Lower Surebet on Real Deal fault: The Bonanza Shear was traced for 400 meters on surface southwest of the Surebet Zone and extends south along Real Deal. This zone is characterized by Surebet style mineralization with galena and sphalerite within multiple polymetallic quartz-sulphide veins and stockwork with a width up to 8 meters and remains open in both directions. The new Lower Surebet Zone will be drill tested during the 2023 season.

The Bonanza Shear has been expanded to the northeast by 1.1 kilometers (outcropping on the western side of the North Slope at Kahuna), south by 1.4 kilometers (across the valley from Pad A at Humdinger) and southeast by 2.4 kilometers (along the main creek that drains from Surebet at Outpost) greatly expanding the footprint of the Surebet gold system.

Toronto, Ontario – August 28, 2023 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report the discovery of 3 extensive new mineralized zones consisting of sulphide-rich breccia, stockwork and veins in shear zones on the icefields claim blocks on its 100 % controlled Golddigger property (the “Property”), Golden Triangle, B.C. These new discoveries include Treasure Island, Metallica, and Full Contact all of which remain open and clearly demonstrate the enormous untapped discovery potential on the Golddigger property. Prospecting and mapping are ongoing on the entire property which covers 56 km of the Red Line in an area where recent snowpack and glacial abetment has provided extensive zones of newly exposed outcrop in a world-class geological setting.

Qualified Person
Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited
Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:

Goliath Resources Limited

Mr. Roger Rosmus
Founder and CEO

Tel: [phone]
[e-mail]
www.goliathresourcesltd.com

Complete News Release: Click Here

Icefields Exploration & New Discoveries Video: Click Here

3D Model Video of High-Grade Gold-Silver Surebet Zone & Bonanza Shear: Click Here

Follow us on LinkedIn: Click Here

Follow us on Facebook: Click Here

Follow us on Twitter: Click Here

Follow us on YouTube: Click Here

©2023 Goliath Resources Limited (TSXV: GOT) (OTCQB: GOTRF) (FSE: B4IF) | 82 Richmond Street East, Toronto, ON

Web Version