| Goliath Concludes Successful 2024 Drill Season At New Bonanza High-Grade Gold Triangle, Deep Zone, Reduced Intrusive Related Gold (RIRG), and Treasure Island For A Total Of 38,125 Meters Drilled On Its Golddigger Property, Golden Triangle, B.C. | 2024 Season Highlights: In total, assays are pending on 105 holes that include: 62 holes (out of 64) drilled this year, 17 previous holes relogged with RIRG style mineralization in dykes and 14 other separate holes relogged that were drilled between 2021 – 2023 at Surebet. Assays are pending for 12 holes drilled at Treasure Island this year as well. | * 59 drill holes from this year contained visible gold of which 19 (or 32%) had abundant visible gold (more than 4 recorded occurrences). | Bonanza High-Grade Gold Triangle *The new Bonanza High-Grade Gold Triangle delineates a zone of substantial gold and sulphide mineralization within a triangle measuring 720 x 612 x 410 meters with intervals over 9 meters and assaying over 31.1 g/t Au, demonstrating the high-grade gold potential of this excellent mineralized core zone that remains open. | * The new Bonanza Gold Triangle continuity of the thick high-grade gold horizon has been drill tested with 19 holes where previously announced GD-24-197 assayed 34.03 g/t AuEq (1.09 oz/t AuEq) over 9 meters ~true width and GD-24-235 assayed 35.04 g/t AuEq (1.13 oz/t AuEq) over 5.25 meters ~true width. | *The new Bonanza Gold Triangle is located at the structural intersection of the Surebet Zone with the Bonanza Zone and outcrops on the surface 200 meters above the valley bottom at an elevation of 900 meters above sea level. | * Assays for 17 holes (out of 19) from the new Bonanza Gold Triangle are pending. | New Deep Zone *The new Deep Zone discovered at 1239 meters below surface contains multiple quartz-sulphide veins and breccias with visible gold, chalcopyrite, galena and sphalerite demonstrating the tremendous additional untapped discovery potential of the Surebet system that remains wide open in every direction including at depth. | * The deepest downhole mineralized interval intercepted to date is from the new Deep Zone at a depth of 890 meters downhole (1.239 kilometers below the surface) and consists of a 1.75-meter interval from 890.90 – 892.65 meters with quartz veins containing visible gold, significant amounts of chalcopyrite, galena and sphalerite and remains wide open. Assays for all that intersected the new Deep Zone are pending. | Reduced Intrusion Related Gold * Significant amounts of visible gold, bismuth mineralization, and molybdenite have been identified in veins hosted in intermediate porphyritic dykes in multiple drill holes. | *Relogging and sampling of the dykes in drill core from 2021-2023 included 17 holes for a total of >800 samples submitted to be assayed. | * The new Blue Origin discovery comprises a series of veins up to 20 cm wide containing bismuth minerals, molybdenite and chalcopyrite, hosted in a felsic intrusion located 4.5 kilometers to the south of the Surebet discovery. This intrusion could be spatially related to Surebet as an uplifted part of the potential feeder source below the 1.8 km2 area that remains open. | * Based on the newly discovered visible gold, bismuth minerals, and in the felsic to intermediate porphyritic dykes on Surebet as well as in the intrusions surrounding Surebet (i.e. Blue Origin) that strongly resemble a Reduced Intrusion-Related Gold system (RIRG), the Company has increased its 100 % controlled land package from 66,000 ha to 91,518 ha (28 % increase) to include open ground amenable to this type of mineralization. | * Assays for all 24 holes containing mineralized dykes as well as all the surface samples from Blue Origin are pending. | Jackpot * The Jackpot showing is located 1.4 km to the east of Surebet and similarly to the Bonanza Gold Triangle it lies at the intersection between the highly prolific Bonanza Shear and a southwest dipping sulphide mineralized shear zone where multiple samples assayed >5 g/t AuEq and remains open. | * A sample with a 7 mm nugget of visible gold was collected on the jackpot showing from the same vein where sample ST116183 assayed 21.5 oz/t AuEq or 667.40 gpt AuEq (636.00 gpt Au, 1690.00 gpt Ag, 7.96 % Cu, 2.22 % Pb). | * Assays are pending on all 6 drill holes from the Jackpot showing. | Treasure Island * Extensive high-grade quartz-sulphide mineralization on the original Treasure Island discovery with channel samples that assayed up to 28.08 gpt AuEq and grab samples that assayed up to 11.08 gpt AuEq has been traced in drill holes for 450 m of strike that remains open in all directions with 2938 meters drilled from 4 pads. | * The mineralized intervals average 29.99 meters wide and on average include 6.79 meters of moderate, semi-massive and massive sulphide mineralization in quartz-sulphide breccia over 450 m strike extent that remains open. | * The strong sulphide mineralization encountered in drill holes is comparable to what was observed in a surface channel cut, which assayed up to 28.08 gpt AuEq (20.60 gpt Au, 63.60 gpt Ag and 5.04 % Cu) over 0.85 meters. | * Future work on Treasure Island will include a geophysical survey to identify the extent and geometry of the mineralized horizons at depth as well as additional drilling in 2025. | | | Assays are pending for all 12 holes drilled on Treasure Island. | | Toronto, Ontario – October 10, 2024 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to give a summary of the successful 2024 field season at its 100% controlled Golddigger Property (the “Property”), Golden Triangle, B.C. Highlights of the 2024 season include the delineation of the new high-grade Bonanza Gold Triangle, the visible gold and strong sulphide mineralization observed in the new Deep Zone, the Reduced Intrusion Related Gold mineralization and textures observed within porphyritic dykes and plutons in drill hole and outcrop, and the successful inaugural drill program at Treasure Island. Assays are pending for 62 holes (out of 64) drilled this year at Surebet, as well as 17 holes with RIRG style mineralization in dykes and 14 seperate holes relogged that were drilled between 2021 – 2023. In addition, assays are pending for the 12 holes drilled at Treasure Island in 2024. | Roger Rosmus, Founder and CEO of Goliath Resources, states: ““We are excited about the drilling program for 2024 which we believe is our most successful to date at the Golddigger project. Of particular note, is the high percentage of visible gold and/or abundant visible gold in our drill core this year plus intercepting the high-grade area modeled where Bonanza Shear Zone and the Surebet Zone look to meet. Based on the two different dip directions for Surebet and Bonanza, it appears to be high-grade gold mineralizing zones, with exceptional amounts of visible gold, over a large area that we are now calling the Bonanza High-Grade Gold Triangle. Our drilling and geological team did a fantastic job completing 38,125m with 9 drill rigs running at the peak of the 2024 drilling season. In addition, advancement in the series of stacked zones at the Surebet discovery with impressive continuity, predictability and widespread distribution of visible gold, we were also able to drill at several of our regional exploration targets. Our deepest drilling to date, below the Surebet discovery shows that the visible gold mineralization continues to 1239 meters below surface into what we are calling the Deep Zone. We are delighted to have discovered a RIRG style of mineralization on our Golddigger project that could provide additional value to our shareholders. So far, we have made multiple discoveries of a series of different styles of mineralization at Golddigger that impresses us as they are all in close proximity which suggests a dynamic, long lived, powerful, multiple event mineralizing system at depth that remains open; hence, the more we drill the system gets bigger with ever season”. | About Goliath Resources Limited Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, Mr. Rob McEwen, Mr. Eric Sprott, Mr. Larry Childress, and a Global Commodity Group based in Singapore. Link to complete news release (Click Here). Goliath Presentations link (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 Goliath Resources Limited Mr. Roger Rosmus
Founder and CEO
roger@goliathresources.com
https://goliathresourcesltd.com | |