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Feature article December 7, 2018:

 

Confidence Runs High at Goliath Resources' Drill Targets, Golden Triangle BC

        

"Goliath starts drilling in high-grade mineralization -- the only question is how deep and what grade. The share share price of GOT.V appears to be a coiled spring."

  • Highly prospective for major Gold, Silver, and Copper discoveries of significance as indicators are strong.

  • Highly skilled technical team and management , in mining-friendly jurisdiction.

Goliath Resources Limited

(TSX-V: GOT) (Frankfurt: B4IE) (OTCQB: GOTRF)

 

Share data, Capitalization, & Corporate info

 

 Shares Outstanding:  ~96 million

 Fully Diluted:  ~167M (average warrant strike price ~$0.18)

 Recently Traded: ~CDN$0.9/share (TSX-V: GOT)

 52 Week High/Low: $0.33/ 0.08

 Current Market Capitalization: ~$8.8 million Canadian

 Corporate Website: www.GoliathResourcesLtd.com

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A very real possibility exists for investors to experience a major appreciation in share price when a discovery is announced. Analogies for what GOT.V investors have potential to see are what happened to the share prices of GT Gold Corp. (TSX-V: GTT) and Garibaldi Resources Corp. (TSX-V: GGI) when they hit their discovery drill holes in 2017:

 

Figure 1a & 1b (below) -- Charts of GTT ($0.20 to $2.76) and GGI ($0.12 to $5.27) showing what a discovery of significance can do.

e.g.    &  

If you made money on those discoveries in 2017 you will want to reload with GOT.V.

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Goliath Resources was recently the subject of an advisory from John Newell, analyst and portfolio manager, Fieldhouse Capital Management: click here to view

 

   

Valuation Commentary: Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IE) offers one of the best opportunities for extraordinary gains in the resource sector at the moment as it drills and trenches two of its four properties proximal to the Golden Triangle in British Columbia. The virgin targets which were previously under glaciers that only recently retreated are exposing exceptional Gold, Silver, and Copper mineralization at surface. GOT.V share price is apt to rise into drilling as the target indicators are of such quality it appears Goliath has potential to realize significant resources;

 

Drill Target Area 1) the Copperhead Property was first to be drilled this September-2018; Goliath is expected to have drilled into high-grade copper at surface (prior surface assays had started at ~8% Copper and 45 g/t Silver mineralization) -- drilling was expected to have started in exposed volcanic breccia at surface, the only question is how deep and what grade. The Copperhead Property has widespread highly mineralized volcanic breccia at surface.

 

 

 

Figure 1a (above) -- image of 11 metre Cu-Ag sample from Copperhead target at surface. 

 

Figure 1b (above) -- September 6, 2018 image of first drill core from Copperhead Project. 

 

Drill Target Area 2) the 'Prosperity Bullseye Zone' on Goliaths' Lucky Strike Property is a drill ready target with strong and textbook porphyry potential, the zone registers high Au-Cu-Mo in-soil anomalies, believed to be the source of 6 oz nuggets historically found downstream in creeks encircling. Besides quality placer, the Bullseye Zone also has a huge soil sampling grid that ticks all the boxes for porphyry, SkyTEM affirms this belief with the potential to be massive. In fact, the Prosperity Bullseye Zone has high-grade multi-ounce silver, and almost one ounce gold in bedrock at surface, with zinc, copper, and lead, which appears to be the by-product of a porphyry engine down below -- this porphyry appears to have caused pollymetallic quartz veining at surface which has been documented. See October 2, 2018 release "Goliath Confirms Two Large Porphyry Systems on its Lucky Strike Property"; the Prosperity Bullseye Porphyry has been mapped in detail on surface defining a large 1200 x 1000 metre alteration system.

 

Figure 2 (below) Lucky Strike Prosperity Bullseye Zone Target [click to see video of Bullseye]

 

Drill Target Area 3) the 'Gold Source Zone', also on the Lucky Strike Property -- this zone assayed 96.8 grams per tonne gold (3.1 ounces per tonne gold) in 2017. Goliath Resources has added this zone to be drilled this 2018 as it has a firm understanding of the geology and believes it knows the source of the 2017 3.1 opt gold find, having located hydrothermal breccia.

 

Figure 3a (below) GoldSource Zone hyrothermal breccia from 2018, and 3.1 oz/t gold sample from 2017

 

 

Both of the properties Goliath is trenching and drilling this 2018 are highly prospective for major discovery.

 

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Note: Goliath Resources is the subject of a CBC News story regarding developments in and around British Columbia's Golden Triangle surrounding the new opportunity in climate change: Click here to view CBC's article.

 

 

GOT.V currently has a market cap of ~$8.8 million (~96 million shares outstanding recently trading at $0.09/share), ~167M fully diluted (with most warrants at ~$0.18 strike price, exercising of warrants will bring in ~$11.5 million to the treasury to fund most of 2019).

 

Exploration update - Goliath trenching and has drilled Copperhead

 

Figure 3b (above) Ewan Webster P.Geo analyzing trench material at Copperhead – August 2018

Figure 3c (above) Copperhead Property August 2018 - drill pad ready in preparation to test volcanic breccia at surface containing massive and semi-massive sulphides returned 4.28 % Cu and 45.41 g/t Ag

 

Click here to view photos on Goliath's corporate website of the current 2018 exploration program.

 

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Recent updates of significance:

 

On October 2, 2018 the Company announced "Goliath Confirms Two Large Porphyry Systems on its Lucky Strike Property", and

 

On August 13, 2018 the Company announced initial prospecting this 2018 on the Lucky Strike property has already resulted in the discovery of several new significant zones of widespread mineralization at surface and it has expanded its drill program to test one of these new zones. Highlights of the Aug. 13, 2018 news update include:

  • Newly discovered outcropping of intrusive rocks with disseminated sulphides, malachite and azurite staining near the large Prosperity Bullseye Porphyry drill target; assays are pending.

  • Multiple strong indicators at Prosperity suggest a large porphyry system at depth.

  • IP survey increased by 50% based on 2018 observations at Prosperity; drilling to commence once completed by mid-August.

  • The newly discovered Gold Source Zone is an epithermal, milky quartz hydrothermal breccia at surface with sheeted vein corridors 400 metres by 200 metres; open in all directions.

  • Hydrothermal breccia at Gold Source Zone assayed 96.8 grams per tonne gold (3.1 ounces per tonne gold).
    Channel sampling, prospecting, and mapping remains ongoing in this area to trace the full extent of the Gold Source Zone in preparation for drilling in 2018.

  • The newly discovered Hole in One Zone contains quartz vein swarms with galena and chalcopyrite mineralization have been observed in outcrop; assays are pending.

  • Trenching, IP geophysics, mapping, soil sampling, pad building, and prospecting are anticipated to be completed by August 21st in preparation for drilling at Copperhead.

Click to view corporate video of Goliath Resources' new discovery zones:

 

 

Click to view recent interview of Goliath Resources' CEO/President/Director, Mr. Roger Rosmus:

 

 

 

The backstory on Goliath Resources Limited

 

The Founder, President & CEO of Goliath Resources is Roger Rosmus, MBA. He optioned the Company's 4 projects from the J2 Syndicate. The J2 Syndicate had explored from Terrace BC all the way North to the Yukon boarder, specifically looking for original elephant-size potential discoveries resulting from glacial and snowpack recession. Having funded the founder of the J2 Syndicate for many years (Mr. Rosmus is an individual well known in the mining industry for financing/nurturing mining ventures to successful fruition/hand-offs for decades, making money for investors), he had first dibs on the most prospective of J2's properties in 2016. Goliath Resources Limited was incorporated in February of 2017, and $2.2 million was privately raised (they had orders for $3.2 million); most of the people that were putting money into the deal were mining engineers, geologists, and people from the industry that could recognize that Goliath had something really special. All four properties have widespread high-grade mineralization of gold, copper, and/or silver at surface, in bedrock, splattered everywhere -- the bulk of the $2.2M went into the ground in 2017, exploring the ground on its four properties that had previously been hidden under glaciers for the last 15,000+ years and were being seen for the first time.

  

 

Figure 3c (above) -- Location Map of Goliath Resources Limited's 4 projects in prolific mining-friendly region -- Glaciers have melted (due to climate change) and the permanent snow pack is melting, revealing exceptionally highly-mineralized ground. GOT.V has an option to acquire 100% on 4 properties covering 44,003 hectares. In fact, Seabridge, which is in the Golden Triangle, credits climate change for uncovering Canada's biggest gold deposit.

 

Two of Goliaths' four properties, Golddigger and Bingo, are located in the southern tip of the prolific Golden Triangle near Stewart. The other two, which are the ones being drilled this 2018, Lucky Strike and Copperhead, are just to the south.  Goliath is to the south, outside the triangle down near Terrace, where no one has spent a lot of time -- most of mining industry's focus has been in the triangle where the excitement and money flowed from the old Murray Pezim/Eskay Creek gold rush days. Goliath is not a rehash of old projects, it has all brand new discoveries. The majority of Goliath's claims had never had a BC Minfile registered. The Lucky Strike and Copperhead properties are located within the Skeena Arch, a world class geological setting, with a belt-scale structural corridor associated with significant porphyry and related mineralization.

 

All four properties have the potential to be a 'company-maker', one project on its own is enough to be company-makers. If Goliath Resources hits on all the projects it will likely dividend them out to the shareholders, create a new company, and finance each independently.

 

Goliath Resources' M.O.

 

The Company's business model is looking for new elephant-size projects that will tick all the boxes for senior mining companies to do a strategic investment, JV, and/or a potential take-out. Goliath is essentially a 'project generator', it has no intention of taking anything into production. Goliath will take its projects as far up the value curve, as far as it can, and at some point hand it off to the mining engineers and its job is done. 'Probability of success' is what Goliath is looking for.

 

Quality people are behind the management, governance, and technical team

 

We urge readers to view the CV's of key people at the bottom of this article, it is an impressive assemblage of talent. E.g.; Goliath's Senior Exploration and Corporate Development Consultant, Bill Chornobay, has seen a lot of press. He was lead on the team that discovered the Golden Mile in Ontario, which eventually got taken out by Argonaught for $327 million. He originally discovered the Coffee Creek asset up in the Yukon, the Supremo Zone, which was ultimately bought out by Goldcorp for $520 million. A couple years ago he did a $53 million JV with Newmont Mining on his brand new discovery that he generated in the Yukon. He has a proven track record with well over $1 billion in value by following this model that zeros-in on the big and obvious, that tick the boxes for majors, and intends on replicating success for Goliath Resources.

    

The Following is an overview of each of Goliath Resources Limited's projects:

 

#1) Lucky Strike Property, ~30 km North of Terrace, BC - 24,440 ha, 3% NSR on all with 1% buyback provision.

 

Stellar initial grab samples in 2016 came back 24.7 grams per tonne Gold, 172 grams per tonne Silver, 2.04% Copper and 6.3% Zinc, prompting staking. The Prosperity Bullseye Zone on Goliath Resources' Lucky Strike Property will be drilled this summer-2018.


 

 

Figure 4 (above) -- Lucky Strike Project claim map -- The reddish circle shows the location of the primary focus for GOT.V's 2018 drilling plans at Lucky Strike, the Prosperity Bullseye Zone. Goliath is in the right hunting ground for quality porphyry, and also more recently they've recognized VMS. Note the tributaries of Lorne Creek to the East (outside of the property claims) in the image above, ~50 years ago Newmont Mining was looking for porphyry there -- obviously they knew about these highly rich placer creeks with huge nuggets of gold -- but 50 years ago the Prosperity Bullseye was glacial, covered with ice and snow and inaccessible due to glacial ice and permanent snowpack. If the old timers could have gotten into Prosperity Bullseye Goliath Resources technical team would have found adits and the place would have been mined.

 

Infrastructure: Goliath's Lucky Strike Project has logging road access, is only 3 km to a major highway, power, and is only ~30 km (by Highway) north of major infrastructure in Terrace, BC. 

 

 

Figure 5 (above) -- Image of Prosperity Bullseye Zone at Lucky Strike Project -- The reason the zone it is called 'Bullseye" is because of the gold laden creeks encircling a ~3.4 km x 2.4 km bullseye. The water stream comes right up to bench seen in the image above. There is gold in the placers that flow North, South, East, and West. You don't need to be a geologist to figure out where the gold is coming from here, and 6 oz gold nuggets don't swim upstream.
 

The Prosperity Bullseye Zone has all the making of a new massive porphyry discovery and is drill ready

 

 

Figure 6 (above) -- 3D Model of Goliath's Lucky Strike Property Prosperity Bullseye Zone. With SkyTEM the modeling is a textbook porphyry, ~2.5 km x 1.5 km and at least 500m deep, with magnetic highs, and conductive shells. The big blob in the centre of this image is where Goliath will be drilling, in the middle, above where it did the positive soil geochem.

 

Click to view 3D Model Video of the Prosperity Bullseye Zone:

 

 

The Prosperity Bullseye Zone at Lucky Strike is 2.4km x 3.4km at the head waters of two prolific placer creeks and indicates strong Porphyry Potential; open in all directions.

 
• SkyTEM electromagnetic aerial survey found concentric, highly conductive zones flanking magnetic highs, a classic porphyry signature extending over 2500 x 1500 x 500 metres and remains open to depth.

 
• Coincident with the SkyTEM geophysical anomaly soil geochemistry defined a 2000 x 400 metre zone of anomalous gold-copper-molybdenum. The zone remains open.

 
• The soil anomaly has a geochemical signature consistent with some porphyry systems.

 
Grab sample taken from an intrusive rock assayed 0.29% Mo, similar to other porphyry systems in this region.

 
• IP, trenching and mapping will be completed prior to drilling.

.

 

Soil sampling at Goliath's Lucky Strike Property Prosperity Bullseye Zone

 

 

 

Figure 7 (above) - Soil sampling grid; A 2 km x 400 m grid yielded up to 7.27 gpt Gold, 557 ppm Copper, 65 ppm Molybdenum, 50 ppm Tungsten, 4 ppm Antimony and 10 ppm Bismuth.

 

 

Figure 8 (above) - Anomalous block model, Prosperity Bullseye Zone.

 

 

Figure 9 (above) - Prosperity Bullseye Zone Summary of porphyry indicators.

 

 

Figure 10 (above) - Close up view of alteration sample 25535 -- (μm = one millionth of a meter) Seen is porphyritic/equigranular intrusive rock with phyllic alteration and disseminated pyrite and chalcopyrite. Red dotted outline of fine-grained sericitized feldspar phenocrysts can be recognized in aplitic groundmass.

 

Sample results from soil samples as well as grabs from exposed bedrock occurring in polymetallic quartz veins at Prosperity Zone include:

 
Detailed Soil Sampling Grid 25 x 25 Metre Over an Area of 2000 x 400 Metres:
   – up to 7.27 gpt Gold, 557 ppm Copper, 65 ppm Molybdenum, 50 ppm Tungsten, 4 ppm Antimony and 10 ppm Bismuth.

 
Channel Cut Over 0.21 Metres:
   – 1.66 gpt Gold, 105 gpt Silver, 0.08% Copper, 0.39% Zinc and 5.45% Lead.

 
Chip over 1.2 Metres:
   – 22.3 gpt Gold and 31.5 gpt Silver.

 
Grabs from exposed bedrock at surface:
   – 0.29% Molybdenum similar to other porphyry systems in this region.
   – 23.9 grams per tonne Gold and 32.2 grams per tonne Silver.
   – 24.7 grams per tonne Gold, 172 grams per tonne Silver, 2.04% Copper and 6.3% Zinc.
   – 1.53 grams per tonne Gold and 149 grams per tonne Silver.
   – 0.3 grams per tonne Gold, 188 grams per tonne Silver, 0.41% Copper and 8.34% Lead.
   – 1.6 grams per tonne Gold and 100 grams per tonne Silver.
   – 122 grams per tonne Silver and 4% Lead.

 

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Exploration update

 

Excerpt of Goliath's October 2, 2018 news release:

 

Goliath Confirms Two Large Porphyry Systems on its Lucky Strike Property

 

TORONTO, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IE) (the “Company or “Goliath”) is pleased to report that detailed mapping has confirmed the presence of two large porphyry systems on its 100% controlled Lucky Strike Property. Drilling is ongoing at the Prosperity Bullseye Porphyry.
 

Lucky Strike Property Highlights
 

  Drilling

  • Inaugural exploratory drilling is ongoing at the Prosperity Bullseye Porphyry to further confirm surface alteration / zonation / mineralized system to depth.
     

  Lucky Strike Property Porphyry Discoveries

  • The Prosperity Bullseye Porphyry has been mapped in detail on surface defining a large 1200 x 1000 metre alteration system (Figure 1), and is reflected by a quartz-sericite-pyrite (QSP) core (Figure 2) that is coincident with molybdenite-chalcopyrite mineralization.

  • A second porphyry centre has been confirmed, the Lorne Creek Porphyry. It is defined by a large 1200 by 700 metre alteration system (Figure 1), that is reflected by a quartz-sericite-pyrite (QSP) core (Figure 2) and coincident with a molybdenite-chalcopyrite stockwork.

  • Multiple lines of evidence confirm the presence of porphyry systems on Lucky Strike:
    1) Prolific coarse gold in placer creeks draining extensive area containing widespread porphyry related polymetallic veins;
    2) Soil geochemistry defined a 2000 x 400 metre Au-Cu-Mo-Bi-Sb soil anomaly that is consistent with a porphyry signature (see January 8th Press Release);
    3) Gold rich polymetallic veins are radiating from the porphyry centre;
    4) Independent interpretations of subsurface geophysical data concluded it is consistent with a porphyry signature (see February 26th Press Release);
    5) Large alteration system confirmed at surface that is consistent with a porphyry system (Figure 1);
    6) Presence of historic polymetallic porphyry veins in Lorne Creek; and
    7) Prosperity Bullseye and Lorne Creek porphyries are located within a larger known porphyry belt.

Corporate Release Figure 1 (below)

 

Corporate Release Figure 2 (below)

 
Prosperity Bullseye Porphyry
The Prosperity Bullseye Zone has a geophysical and geochemical porphyry signature with the central zone extending over 2500 x 1500 x 500 metres and remains open to depth (see February 26th Press Release). Detailed mapping within this zone has defined a 1200 by 1000 metres alteration zone that is reflected by a quartz-sericite-pyrite (QSP) core and is coincident with molybdenite and chalcopyrite mineralization (Figure 1). A second porphyry zone with many of the same characteristics and style of mineralization as the Prosperity Bullseye has been identified 3 kilometres to the southeast, straddling the headwaters of Lorne Creek placers (see Figure 1). Mapping has been able to highlight a spatial link between polymetallic Au-Pb-Zn-Cu-Ag veins and Cu-Mo porphyry centres. Polymetallic veins between Prosperity Bullseye and Lorne Creek porphyry’s highlight a NW structural trend between the two porphyry systems and widespread porphyry related polymetallic vein occurrences on the property may reflect proximity to other porphyry centres. Drilling is ongoing at the Prosperity Bullseye porphyry and results will be published once assays have been received, compiled, and interpreted. Additional structural interpretation will be augmented over the coming months with the recent completion of a property wide LIDAR survey.
 
Gold Source Breccia Discovery

  • The quartz breccia at the Gold Source Zone occurs as a structural corridor, outcropping locally along strike for 1500 metres, is over 200 metres wide and remains open (Figure 3 & Figure 4). The zone is located 14 km south of Prosperity and is drill ready.

  • Goliath’s multi-year permit is in the process of being amended to include diamond drilling at both the Lorne Creek Porphyry and Gold Source discoveries.

  •  Assay highlights include:
       2017 Grab – Talus 96.80 g/t Au and 78.10 g/t Ag
       2018 Grab – Talus 44.40 g/t Au and 39.30 g/t Ag
       2018 Chip – Over 2 metres 22.30 g/t Au and 261.0 g/t Ag

Corporate release Figure 3. (below)

 

Corporate release Figure 4. (below)

 

The Gold Source Zone is an epithermal, milky quartz hydrothermal breccia and sheeted vein corridor that extends more than 1500 metres along an E-W trend. The corridor is over 200 metres wide and remains open. The trend is highly oxidized with primary sulphide contents ranging typically between 1-5% that are now represented by limonitic voids and boxworks. Highlights from the zone are tabulated in Table 1 below and Figure 3. A total of 4.45 metres of channel sampling was completed; in addition 13 chips samples and 28 grab samples were taken. Data compilation is ongoing to determine the geological nature of this vein/breccia system and if it has any spatial links to another nearby porphyry centre, similar to those seen at both Prosperity and Lorne, 14 km to the north. Additional target generation will be completed over the winter with the use of LIDAR and geophysical data that was completed as part of the 2018 program.

Table 1 – Gold Source Assay Highlights


 
Sample # Channel/Chip/Grab1 Length
(metres)2
Gold
(g/t)
Copper % Zinc
%
Lead
%
Silver (g/t) Gold Eq3
(g/t)
W493595 2017 Grab – Talus   96.80 N/A 0.03 0.91 78.10 98.22
Y546204 2018 Grab - Talus   44.40 N/A 0.03 1.24 39.30 45.53
Y546210 2018 Chip 2.00 22.30 0.36 0.15 0.13 261.00 26.16
Y546211 2018 Chip 2.00 9.71 0.12 0.06 0.05 79.00 10.91
Y546208 2018 Chip 0.50 4.42 N/A 0.04 1.63 49.20 5.88
Y546905 2018 Grab   2.23 0.03 0.03 0.09 23.00 2.62
Y546902 2018 Grab   2.05 N/A N/A 0.02 7.70 2.15
Y546207 2018 Grab   1.50 0.02 0.29 0.04 9.00 1.84
Y546205 2018 Grab   0.84 0.05 0.92 0.01 8.30 1.61
Y546952 2018 Grab   0.76 0.02 0.28 0.22 18.70 1.31
Y546103 2018 Grab   0.74 0.02 0.43 0.32 11.10 1.34
Y546201 2018 Chip 0.75 0.52 N/A 0.01 N/A 0.80 0.54
Y546209 2018 Chip 0.50 0.45 0.01 0.02 0.06 20.70 0.76
Y546855 2018 Channel 1.00 0.36 N/A N/A N/A N/A 0.36
1Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled
2True thickness of mineralized zone not known
3AuEq metal values are calculated using: Au $1198.75/oz, Ag $14.315/oz, Cu $2.8132/lb, Pb $0.9049/lb, Zn $1.1068/lb

 
Copperhead Property Update

  • Inaugural wide spaced exploratory drilling was recently completed over a strike of 300 metres on the Copper King Trend testing the surface expression of a copper-rich volcanic breccia.

  • Four drill holes totaling 768 metres have been completed at Goliath’s Copperhead Property. Results will be published once assays have been received, compiled, and interpreted.

  • Trenching, IP geophysics, mapping, soil sampling, and prospecting were all completed over a 2 km by 1km area on the property this season and assays are pending.

Bingo, Golddigger, and DSM Property Update
The 2018 programs were successful in meeting or exceeding all the goals established by the geological teams by completing the Bingo, Golddigger and DSM property programs. The Programs included prospecting, geologic mapping, channel cutting, and alteration studies with the goal of delineating bedrock drill targets. Assays, geochemistry, and alteration study results are pending on both projects and will be reported when they have been received, compiled, and interpreted.
 

Mr. Roger Rosmus, Director, President and CEO of Goliath states:
We are extremely pleased that we are on target to achieve all of the goals set for the 2018 exploration programs. We are on track to complete the inaugural diamond drilling program on these new discoveries and look forward reporting the results with much anticipation.

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

Other
All grab and channel samples were crushed and pulverized at Activation Laboratories Ltd.’s (Actlabs) ISO 17025 accredited geochemistry lab in Kamloops, BC. Rock and drill core samples are crushed, split and pulverized to 250 g pulp, 150 mesh. The sample pulps were analyzed for gold by fire assay as per ActLabs (Code 1A2-50) Fire Assay AA (QOP AA-Au) method and were also assayed using multi-element aqua regia digestion. All samples were analyzed using ActLabs assay procedure Code UT-1M, an aqua regia (partial) digestion with inductively-coupled plasma mass spectrometry (ICP-MS) finish for 36 elements. Over-limit samples are reanalyzed by fire assay with a gravimetric finish (code 1A3-50). Rigorous procedures are in place regarding sample collection, chain of custody and data entry. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence.

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
President and Chief Executive Officer
Tel: +1-416-488-2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com
 

...click here for full copy from source

 

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Note: Goliath also is advancing the Kingpin Zone on the Lucky Strike Property, however that will not be a drill target for 2018. Details of the kingpin Zone may be located further below in this article under 'Other Projects/Properties' section.

 

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#2) Copperhead Property, ~40 km SW of Smithers, BC - 4,354 ha, 3% NSR on all with 1% buyback provision.

 

Goliath will drill the Copperhead Property this summer-2018.

 

Figure 11 (above) Copperhead Property claims map.

 

Copper King Trend is 2000 x 350 metres and has strong porphyry potential. The zone remains open in all directions.
 

SkyTEM aerial magnetics and electromagnetic data discovered an intense magnetic high and adjacent resistive zone, consistent with a hydrothermal alteration system.
 

Ground geophysics, trenching, and channel sampling will be completed prior to drilling.

 

Infrastructure: Goliath's Copperhead Project has logging road access, is ~3 km to a major road, power, and ~40 kilometres southwest of major infrastructure in Smithers, BC.

 

Figure 12 (above) Copperhead Property claims map, with image of 11 metre chip sample from target area. Goliath has exceptional grades at surface and several drill ready targets.

 

The Copper King Trend is 2000 x 350 metres and has strong potential to be a large fault breccia system. The zone remains open in all directions.
 

Ground geophysics, trenching, and channel sampling will be completed prior to drilling.

 

Massive and semi-massive sulphide breccias are documented in an area of sparse outcrop over 450 metres with potassic alteration. Breccia grab samples of copper mineralization up to 7.97 %.
 

• Drill ready target at location of 11 metre chip sample from a volcanic breccia containing massive and semi-massive sulphides that returned 0.17 g/t Au, 4.28 % Cu, and 45.41 g/t Ag. The chip sample started and ended in mineralization that remains open.
 

• Drill ready target at location of 8 metre chip sample from breccia that returned 0.08 g/t Au, 1.57 % Cu, and 12.45 g/t Ag. The chip sample started and ended in mineralization that remains open.

 

  

 

Figure 13 & 14 (above) high quality widespread mineralization at surface.

 

 

Figure 15 (above) high quality widespread mineralization at surface.

 

2018 Plans at Goliath's Copperhead Property: Goliath will certainly drill where it has ~8% copper at surface, and the area with ~4% and 45 g/t Silver mineralization as well, among others (see July 5, 2018 "Goliath Commences 2018 Surface Exploration Program")

 

     Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer

  

 

Recent news releases regarding Company accomplishments and operational developments:

  

• December 4, 2018 "DSM Syndicate Samples 1 Metre Chip of 15.75 G/T Au and 1845 G/T Ag (53.9 Oz/T) on Skyhigh Property".

 

• November 27, 2018 "Goliath Closes Over Subscribed Non-Brokered Private Placement of $707,000".

 

• November 26, 2018 "Golddigger Property Samples Up to 133.50 g/t Au & 249.00 g/t Ag".

 

• November 21, 2018 "Goliath Arranges $520,000 Non-Brokered Private Placement".

 

• November 14, 2018 "Goliath Reports up to 56.1 Grams Per Tonne Gold (1.64-oz/t Au) Over 1 Meter at DSM GoldCrest Property".

 

• November 8, 2018 "Goliath Provides Corporate Update".

 

• November 6, 2018 "Goliath Reports up to 110 gpt Au (3.21 oz/t) at 10% Owned DSM Gold Standard Property".

 

• October 30, 2018 "Goliath reports up to 20.6 gpt Gold and 761 gpt Silver at DSM Gold Star Property".

 

• October 2, 2018 "Goliath Confirms Two Large Porphyry Systems on its Lucky Strike Property".

 

• August 13, 2018 "Goliath Discovers Multiple New Zones on Lucky Strike Drilling to Commence".

 

• July 18, 2018 "Goliath Receives 3 Year Drilling & Exploration Permits for Copperhead and Lucky Strike Properties".

 

• July 5, 2018 "Goliath Commences 2018 Surface Exploration Program".

 

• June 18, 2018 "Goliath Announces Company Update".

 

• June 1, 2018 "Goliath Closes Oversubscribed Additional Financing of $1,645,855 For a Combined Raise Totaling $3,069,436".

 

• May 15, 2018 "Goliath Commences 2018 Exploration Program".

 

• Feb 26, 2018 "DSM Syndicate Discovers Large En Echelon Vein System That Assayed 1.57 Grams Per Tonne Gold From Bedrock Grab and 0.53 Grams Per Tonne Gold Over 2 Meters From a Chip Sample".

 

  

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Other Projects/Properties:

 

Lucky Strike Property - Kingpin Zone

 

• Strong Potential for Eskay Creek Style Mineralization

 

Figure 16 (above) - Map showing Kingpin Zone.

 

• Extensive bedrock polymetallic and gold mineralized samples over an 830 by 130 metre zone that remains open in all directions.

 
• The single channel cut taken returned 6.43 g/t AuEq over 1metre.

 
     • Incl. 4.47 g/t Au, 22.2 g/t Ag, 1.89 % Zn, and 0.2 % Pb
 

1 metre chip sample returned 17.55 g/t AuEq.

 
     • Incl. 14.6 g/t Au, 118 g/t Ag, 0.66 % Zn, and 1.4 % Pb
 

• Channel sampling, mapping, prospecting, and silting is
recommended to delineate drill targets.
 

Hazelton and Quock Fm. rocks were mapped along the southern
part of the property confirming the area has good potential for
Eskay Creek style mineralization.

 

Figure 17 & 18 (above) - Kingpin Zone mineralization.

 

Figure 19 (above) - Goliath's Kingpin Zone location map of highly mineralized samples.

 

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Property #3) Bingo Property, Southern tip of Golden Triangle, BC

- 989 ha, 3% NSR on all with 1% buyback provision.

 

 

Figure 20 (above) Neighborhood map.

 

 

Figure 20 (above) Claims map -- Goliath's Bingo Property is located near tidewater southeast of Stewart, BC. located in the Golden Triangle.

 

The Bingo Main Zone is a large stratabound horizon that contains gold mineralized grab, chip, and channel samples over an area of 320 metres 175 and remains open.

 
   • The zone is very magnetic and the mineralized horizon will be traced to depth using ground magnetics in preparation for drilling in 2019.
   • 83% of all the samples taken contained gold mineralization.
   • Channel cut over 4.85 metres assayed 1.77 gpt Au, and 0.20 % Cu.
   • Channel cut over 3.20 metres assayed 1.48 gpt Au and 0.37 % Cu.
   • 19 chips samples assayed up to 9.79 gpt Au.
 

The property is located proximal to the unconformity between the Hazelton and Stuhini Group rocks, also known as the “Red Line”, the key location where the vast majority of major deposits have been found within the Golden Triangle.

 

Video of Bingo Main 2017 Channel cutting - Goliath Resources Ltd.:

  

 

 

Figure 21 (above) Bingo Property samples

 

 

Figure 22 (above) Bingo Property Main Zone

 

Property #4) Golddigger Property, Southern tip of Golden Triangle, BC

- 15,559 ha, 3% NSR on all with 1% buyback provision.

 

 

Figure 23 (above) Claims map -- Goliath's Golddigger Property is located near tidewater southeast of Stewart, BC. located in the Golden Triangle.

 

Excerpt of November 26, 2018 News Release from Goliath regarding Golddigger Property:

 

Golddigger Property Samples Up to 133.50 g/t Au & 249.00 g/t Ag
 

Goliath Discovers High-Grade Gold and Silver in Multiple Breccias and Stockworks Along the Red Line Corridor Within the Golden Triangle, B.C.

TORONTO, Nov. 26, 2018 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IE) (the“Company” or “Goliath”) is pleased to report the original discovery of multiple breccias, stockworks, and veins containing high grade gold, polymetallic mineralization over an extensive area on its 100% controlled Golddigger Property.  Results from the 2018 program include channels up to 0.55 m grading 29.70 g/t Au and 14.30 g/t Ag, chip samples of up to 0.50 m grading 47.50 g/t Au and 272.00 g/t Ag and grabs up to 113.50 g/t Au and 249.00 g/t Ag.  This new gold-enriched polymetallic discovery is located in an extensive area of recent glacial and snow pack abatement along a unexplored region of  the ‘Red Line’ in British Columbia’s Golden Triangle (link to map). This world class geologic setting confirms the Golddigger property has strong potential to host a significant new discovery.
 

2018 Highlights Include:

  • The discovery of multiple breccias, stockworks, and veins containing high grade gold and polymetallic mineralization adjacent to the Red Line within an extensive area of recent glacial and snowpack abatement, located in the Golden Triangle (link to video).
    • The underexplored Golddigger property lies within the Stikine Volcanic Arc, including the Eskay Rift and Red Line (link to map), providing a world class geologic setting in a large underexplored area with tremendous untapped discovery potential.
  • The Goldswarm Zone has been expanded to 450 by 150 metres and remains open, with no previous work recorded (link to maps)
  • 24 in situ bedrock samples at surface taken from the Red Line Corridor assayed from 1.25 g/t Au to 113.50 g/t Au, and channel and chip highlights include:
    • 0.55 m Channel grading 29.70 g/t Au and 14.30 g/t Ag (link to image)
    • 0.40 m Channel grading 25.10 g/t Au and 126.00 g/t Ag (link to image)
    • 0.50 m Chip grading 47.50 g/t Au and 272.00 g/t Ag (link to image)
    • 0.50 m Chip grading 24.50 g/t Au and 77.10 g/t Ag (link to image)
    • 0.55 m channel grading 6.54 g/t Au and 18.40 g/t Ag (link to image)
    • 0.40 m channel grading 4.44 g/t Au and 46.10 g/t Ag (link to image)
    • 2.75 m channel grading 1.53 g/t Au and 42.70 g/t Ag (link to image)
  • Goldswarm is characterized by a WNW trending steep vein/fault system that occurs within a wider (~30-50 m) structural alteration corridor that has been traced on surface for 1 kilometre and remains open (link to image).
  • Newly acquired high-resolution magnetic data shows multiple magnetic low breaks and Goldswarm correlates very well with one of the fault systems, which defines a strong 5 km long NW-SE magnetic low linear feature that remains and is believed to be associated with the gold mineralization (link to map).

Mr. Roger Rosmus, Director, President and CEO of Goliath stated: “We are very excited about this significant new discovery located in a world class geologic setting. These results strongly confirm the tremendous untapped discovery potential remaining on Golddigger as this was found during a brief exploration program.  Goliath controls a 100 % interest in 4 properties that demonstrate strong potential to host significant discoveries. This has been confirmed by the interest from many senior miners, the support from several funds and accredited investors alike in North America as well as overseas. We look forward to reporting our 2018 drilling results once received, compiled and interpreted; 2019 is certainly shaping up to be a very exciting exploration season.”

The 2017 program at Golddigger returned gold assays of up to 21.0 grams per tonne defining a zone extending over 115 by 95 metres, which remained open. A follow-up program was carried out in 2018 to prospect, map, channel sample, and drone to further characterize the mineralized quartz vein/stockwork and breccia zones, which were discovered in 2017. A total of 81 samples (21 channel, 16 chip, 40 bedrock grab, and 4 talus samples) were collected from Goldswarm and the surrounding unexplored Red Line Corridor  (link to image), and highlights are tabulated below. These results expanded Goldswarm from 115m x 95 m to 450 by 150 metres and it remains open. Multiple, newly discovered veins and breccia systems, containing high grade gold mineralization, were also identified up to 3 km from Goldswarm within the larger Red Line Corridor (link to map). Assays from these zones graded up to 19.65 grams per tonne gold and 22.80 grams per tonne silver, demonstrating the excellent untapped gold potential of this unexplored world class geological setting.

The eastern side of the Golddigger property is underlain by coarse clastic sedimentary rocks of the Stuhini Group that are unconformably overlain by inter-fingered volcanics as well as sedimentary rocks of the Hazelton Group. This contact is known as the ‘Red Line’ and thought to be a key marker in the Golden Triangle when exploring for significant mineralizing systems. The Goldswarm Trend is hosted in black/maroon siltstone and shales (with minor limestone) of the Hazelton Group (?). Structurally controlled, gold-bearing mineralization in these strata-bound horizons is preferentially delineated in a NW-SE orientation (link to images). Both the Stuhini and Hazelton Groups have been intruded by granitoids of the Coastal Plutonic Complex that are typically Paleocene to Eocene equigranular hornblende-biotite monzogranites.

Table 1 – Golddigger Assay Highlights

Sample # Channel/Chip/Grab1 Length (metres)2 Gold (g/t) Silver (g/t) Copper % Lead % Gold Eq3 (g/t)
W497617 Talus   113.50 249.00 0.18 4.88 119.10
W497853 Grab   54.30 306.00 0.52 0.62 58.98
W497852 Chip 0.50 47.50 272.00 0.55 0.41 51.74
W496005 Channel 0.55 29.70 14.30 0.02 0.11 30.13
W497912 Grab   26.50 377.00 0.83 0.13 32.25
W496002 Channel 0.40 25.10 126.00 0.29 0.13 27.09
W497854 Chip 0.50 24.50 77.10 0.06 0.10 25.54
W497914 Grab   21.30 117.00 0.56 0.05 23.57
W497613 Grab   19.65 22.80 0.00 0.02 19.92
W497851 Grab   16.30 54.90 0.18 0.08 17.26
W497614 Grab   9.56 47.10 0.30 0.02 10.59
W496003 Channel 0.55 6.54 18.40 0.06 0.05 6.87
W497913 Grab   5.04 99.80 0.26 0.04 6.63
W496004 Channel 0.40 4.44 46.10 0.30 0.15 5.53
W497620 Grab   3.36 126.00 0.02 0.04 4.87
W497856 Chip 1.00 3.07 6.30 0.06 0.00 3.23
W497860 Chip 1.00 2.94 22.70 0.02 0.04 3.26
W497612 Grab   2.31 137.00 0.26 0.10 4.36
W497616 Grab   1.71 4.10 0.03 0.05 1.82
W497960 Grab   1.58 94.00 0.00 0.00 2.67
W496011-15 Channel 2.75 1.53 42.70 0.10 0.07 2.23
W497955 Chip 0.30 1.47 37.50 0.00 0.01 1.97
W497958 Grab   1.25 57.50 0.00 0.11 2.03
W497905 Grab   0.98 22.50 0.09 0.26 1.51
W497957 Grab   0.90 2.30 0.00 0.00 0.92
W497864 Talus   0.78 158.00 0.13 0.18 2.90
W497619 Grab   0.73 7.80 0.01 0.13 0.90
W497859 Grab   0.60 18.30 0.06 0.79 1.30
W497903 Grab   0.35 27.60 0.04 0.15 0.80
W497621 Chip 1.00 0.27 11.20 0.00 0.02 0.41
W497924 Grab   0.21 70.60 0.04 0.24 1.22
W497855 Chip 0.50 0.20 49.00 0.27 0.21 1.29
W497919 Grab   0.13 47.90 0.02 0.04 0.74
W497618 Grab   0.11 0.80 0.00 0.00 0.12

1Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled
2True thickness of mineralized zone not known                                                                       
3AuEq metal values are calculated using: Au $1201.45/oz, Ag $13.97/oz, Cu $2.77/lb, Pb $0.87/lb

Extensive regions of recent snowpack and glacial recession on the Golddigger Property provide for large unexplored areas of newly exposed bedrock with excellent potential for discovery of both precious and base metals. Compilation of 2018 geochemistry, LIDAR, airborne geophysics, mapping and alteration studies is ongoing and will focus on expanding these new polymetallic gold discoveries. Follow up exploration is recommended to focus on expanding the known extent of surface mineralization in preparation for drilling. The property is in an alpine environment with excellent bedrock exposure and is only seven kilometres west of the Dolly Varden Mine road, providing good access to infrastructure in Alice Arm, including deep water ocean access. This new gold discovery area is situated along the ‘Red Line’ corridor in British Columbia’s renowned Golden Triangle and offers strong potential for the discovery of additional significant gold mineralization in this world class geological setting.  

... click here for full copy from source.

 

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Going into the 2018 exploration season, this publication had the following to say about the Golddigger Property:

 

Anaconda Discovery: Bulk Sample Recommended
 

Anaconda Vein system has gold mineralization over a strike length of 2.3km, and has 600m of exposed vertical extent.

 
• Anaconda Vein channel cut assayed 22.83 gpt Au eq over 2 metres incl. 5.81 gpt Au and 1,280 gpt Ag.
 

• Anaconda Vein channel cut assayed 19.08 gpt Au eq over 1.7 metres incl. 5.57 gpt Au, 1,016 gpt Ag and 0.3 % Pb.
 

• Bulk sample recommended for the Anaconda Vein system to determine the economics.
 

The property is within two kilometres of the unconformity between Lower Hazelton and Stuhini rocks, also known as the “Red Line” the key location where the vast majority of major deposits have been found within the Golden Triangle.

 

 

Figure 24 (above) Anaconda vein looking south, Golddigger Property.

 

 

Figure 25 (above) Anaconda, Golddigger Property.

  

Golddigger Property, Goldswarm Discovery: World Class Potential

 

Figure 26 (above) Location of Goldswarm Zone on Goliath Resources' Golddigger Property.

 

The Goldswarm Zone is within two kilometres of the unconformity between Lower Hazelton and Stuhini rocks, also known as the “Red Line” the key location where the vast majority of major deposits have been found within the Golden Triangle.
 

Geological mapping, prospecting and channel sampling is recommended to outline the full geometry of the Gold Swarm zone in preparation for drilling.

 
The new Goldswarm zone has tremendous potential to evolve into a new world class discovery.

 

 

Figure 27 (above) Goldswarm Zone on Goliath Resources' Golddigger Property.

 

 

Figure 28 (above) Breccia outcrop on Goliath Resources' Goldswarm Zone on Golddigger Property.

 

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#5) Goliath Resources' 10% interest in the DSM syndicate -- Project Generator Model

 

Goliath Resources put money into the deal and gets 10% of any economics generated from deals the syndicate does. DSM syndicate is fully funded for its second-pass 2018 exploration efforts.

 

About the DSM Syndicate

The DSM syndicate is a project generator focused on original discovery resulting from glacial and snowpack recession. DSM management, exploration, and technical teams have over 200 years of combined experience with a proven track record of success. Members of the DSM Exploration team have been recognized by their peers in the industry for several significant mineral discoveries over the last 30 years. The DSM Syndicate generated approximately 150 targets in North Western BC within a geological terrane that is host to many world class deposits. The targets were ground truthed during the summer and fall of 2017. Six properties were staked with the intent of optioning out to qualified parties.

 

Noteworthy projects that should return handsomely when vended out:

 

A) Money Property

(2018 Follow-up Exploration Fully Funded by DSM)

 

Brand new 175 by 50 metre Goldzilla Zone bedrock discovery.

No previous work in area

 

One day total field time spent on the property.

 

Five bedrock grab samples from polymetallic veins assayed above 10 g/t Au and up to 81.5 g/t Au (2.62 oz/t).

 

Mineralized granodiorite intrusion with a grab sample containing 6.98 g/t Au.

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B) Goldcrest Property

(2018 Follow-up Exploration Fully Funded by DSM)

 

Brand new bedrock discovery of 750 by 100 metre Cadillac Trend.

Remains open in all directions and no previous work in the area.

 

A hydrothermal breccia and stockwork zone was traced over a 50 metre area within the Cadillac Trend (link to video).

Grab samples containing anomalous gold and silver mineralization were collected from this breccia and the zone remains open in all directions.

 

Bedrock grab samples assayed up to 3.16 g/t Au.

 

See related November 14, 2018 exploration news update:

 

Goliath Reports up to 56.1 Grams Per Tonne Gold (1.64-oz/t Au) Over 1 Meter at DSM GoldCrest Property

 

TORONTO, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IE) (the“Company” or “Goliath”) is pleased to report channel, chip, and grab sample assay results of up to 56.1 grams per tonne gold (1.64 ounces per ton gold) over 1 meter from the Cadillac Trend on the GoldCrest Property. The Cadillac Trend has been expanded to 850m x 190m, and remains open in all directions. The GoldCrest Property is located ten kilometres northeast of Bella Coola, British Columbia and is 100% owned by the DSM Syndicate, a private precious metals project generator in British Columbia that holds a total of six properties to date, of which Goliath Resources Limited owns a 10% interest

The Company is also pleased to provide an update on its pending assay results from its inaugural drill program at its 100% controlled Copperhead and Lucky Strike properties.

2018 GoldCrest Highlights Include:

  • Extensive new gold in bedrock discovery in area of recent snowpack and glacial abatement with no historic work recorded in the area (link to video).
  • The Cadillac Trend is a large gossanous zone that was expanded to 850m by 190m, (link to image) and is defined by samples containing gold and silver mineralization. The zone remains open in all directions.
  • The large alteration footprint of the Cadillac Trend shows consistent elevated Au-Ag values, which may indicate the presence of a large mineralizing system at depth.

 Chip samples assayed up to 56.10 g/t Au, 124.00 g/t Ag, and 57.58 g/t AuEq from 1 metre chip (link to image)
• The majority of the GoldCrest Property remains unexplored, including multiple gossans identified in 2018, which remains to be sampled, providing for additional strong gold potential.

...click here for full copy from source

 

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C) Skyhigh Property

 

See related December 4, 2018 news release:

 

DSM Syndicate Samples 1 Metre Chip of 15.75 G/T Au and 1845 G/T Ag (53.9 Oz/T) on Skyhigh Property

 

(2018 Follow-up Exploration Fully Funded by DSM)

 

Polymetallic and gold mineralized bedrock define the 700-metre-long Cloud 9 Zone that remains open in all directions.

 

Grab sample from polymetallic vein material assayed 273.95 g/t AuEq.

 

Chip samples from quartz veins returned 42.98 and 20.73 g/t AuEq.

 

The Skyhigh Property covers 8 historic epithermal and Cu-Mo porphyry mineral occurrences dating back to the 1990’s. Rapid ongoing glacial and snowpack abatement provides for excellent additional potential.

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D) Goldstar Property

(2018 Follow-up Exploration Fully Funded by DSM)

 

Brand new bedrock discovery of 90 metre long Yellow Brick Road Zone.

Remains open in all directions and no previous work in the area.

 

Total field time of one day on the Goldstar property – excellent untapped potential.

 

Six bedrock grab samples from polymetallic veins contained above 10 g/t AuEq and up to 76.25 g/t AuEq (2.22 oz/t).


 

See related November 6, 2018 exploration news update:

 

Goliath Reports up to 110 gpt Au (3.21 oz/t) at 10% Owned DSM Gold Standard Property

 

TORONTO, Nov 6, 2018 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IE) (the“Company” or “Goliath”) is pleased to report channel, chip, and grab sample assay results of up to 110 grams per ton gold (3.21 ounces per ton) from the Big Show Zone Vein system, measuring 2 km by 1 km. It remains open in all directions containing multiple large en-echelon gold-bearing mineralized quartz veins. The Big Show Zone is located on the Gold Standard property, four kilometres north of Bella Coola, British Columbia. Goliath Resources Limited owns a 10% interest in the DSM Syndicate, a private precious metals project generator in British Columbia that owns 100% of six properties, inclusive of the Gold Standard property.

 

2018 Highlights Include:

  • Extensive new bedrock discovery in an area of recent snowpack and glacial abatement with no historic work recorded.
     

  • Discovery of the Big Show Zone, a large zone of prolific quartz veining that contains multiple large en-echelon quartz veins that outcrop within a 2 km by 1 km zone that remains open in all directions (link to video).
     

    • Seven large shear zone hosted mineralized vein systemcontaining consistent high-grade gold mineralization have been discovered to date.
       

    • Vein Highlights include:

    1. Vein system 1 (Kraken) assays up to:

      • 71.8 g/t Au (2.1 oz/t), 64.4 g/t Ag, 72.6 g/t AuEq (0.5 Chip Sample)

      • link to image

  1. Vein system 2 (Goldzilla) assays up to:

    • 110 g/t Au (3.21 oz/t), 934 g/t Ag, 121.8 g/t AuEq (Grab Sample)

    • 10.8 g/t Au, 85.5 g/t Ag, 11.85 g/t AuEq (2m Chip Sample)

    • link to image

  1. Vein system 3 (Leviathan) assays up to:

    • 96.8 g/t Au (2.8 oz/t), 429 g/t Ag, 106.7 g/t AuEq (Grab Sample)

    • 26.9 g/t Au, 70.4 g/t Ag, 27.79 g/t AuEq (1.5 m Chip Sample)

    • link to image

  • Multiple other large veins were also discovered have yet to be sampled providing for excellent additional gold potential.

 

  • The Big Show Zone is situated within a large regional high strain zone, a corridor of brittle and ductile deformation.
     

    • A channel sample grab of chlorite-schist from within a 15-metre-wide shear zone returned 0.28 g/t Au over 0.15 meters (link to image).

  • The geological setting and style of mineralization; large gold-bearing mineralized veins and shear zones are consistent with a mesothermal/orogenic systemThese systems are often deep rooted and are mined to depths of 1 to 3 kilometres or more (link to image).
     

  • Approximately 67 % of Canadian gold production comes from this world class geologic setting, with examples including the nearby Bralorne Pioneer Camp in British Columbia (4.17 Moz) and many regions within the Canadian shield including Kirkland Lake (>40 Moz), Timmins (>70 Moz), Val d’Or/Noranda (>69 Moz) and Red Lake camps (>29 Moz) (link to image).
     

  • Based on the discovery of multiple new gold mineralized veins the claim block was recently expanded from 690 Ha to 1774 Ha.
     

    • The Gold Standard property is an original discovery located in a World Class Geological setting that remains largely unexplored, providing for tremendous untapped gold potential.

...click here for full copy from source  .

 

  # #

 


Goliath Resources Limited's Technical Leadership, Management, and Governance  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:

 

Richard Groome, BA, – Chairman and Director

Mr. Groome is a Corporate Finance entrepreneur and has started two successful securities firms in Canada from scratch in the 80’s and 90’s. He has actively managed or participated in over 400 financings representing ~$4 billion of small cap deals and is very well versed in start-up and early stage ventures. Mr. Groome’s passion for innovation carried him to be known as one of the preeminent financiers in Canada of small and medium sized emerging growth companies over the last 30 plus years. Prior to forming Notre Dame Capital, he was a co-founder of Marleau Lemire Inc.; which became quickly ranked as the number 1 firm in Canada in small, mid cap financings during the late 1980’s as well as Groome Capital Inc. This is where he created Canada’s leading underwriter of IPO’s, Private Placements and Secondary offerings on the Internet in the 1998 to 2000 period. The firm was subsequently sold to Desjardins Group in 2001, Canada’s seventh largest financial institution. Mr. Groome was a director of the CDNX Exchange, the predecessor of the TSX Venture exchange for several years, and currently sits on the boards of directors of private and public companies. He has a BA in Economics from McGill University.

 

Roger Rosmus, MBA, – President & Chief Executive Officer, Director

Mr. Rosmus is a co-founder and President of an independent investment bank Aberdeen Gould Capital Markets Ltd., a Toronto based Exempt Market Dealer. He has over 25 years of investment banking experience in the public and private sectors, acting as lead on many mergers, acquisitions and corporate financings. He is also the President and co-founder of Aberdeen Gould Advisory Services Ltd. that provides corporate advice encompassing strategic and operational strategies to private and public companies in the resource and industrial sectors. Previously he was the founder of Aberdeen Gould Inc., where he successfully completed over 30 M&A transactions, as well as owned and operated several businesses in a wide variety of industries. Mr. Rosmus holds an MBA from The University of Western Ontario – Richard Ivey School of Business.

  

Graham C. Warren, CPA, CMA, – Chief Financial Officer & Corporate Secretary, Director

Mr. Warren is a Senior Financial Executive with over 30 years of experience in the mining, oil and gas, environmental, biotech, service and tech sectors both domestically and internationally. He has been involved in numerous financings and M&A transactions for both private and public companies and has guided several companies through the going public process. Mr. Warren has served as CFO and/or Director of numerous public companies and is currently the CFO of Pangolin Diamonds Corp. and a reporting issuer Arehada Mining Limited. He is a past director of Changfeng Energy Inc., Cordoba Minerals Corp., Exile Resources Inc., Active Control Technology and Hanfeng Evergreen Inc. Mr. Warren has had extensive involvement in all facets of organizations including finance, human resources, sales, marketing and operations and has guided boards in their corporate governance obligations.

 

Louis Peloquin, BBA, LL.B, LL.M., – Director

Mr. Peloquin is a business consultant combining several specialties, including transactional law, and has extensive international experience in management, mergers and acquisitions, corporate development, government relations and corporate finance. He has developed a solid expertise in natural resources with over ten years’ experience as senior executive at major mining companies in Canada and the United States. Mr. Peloquin was a member of the management committees and senior executive of Golden Star Resources Ltd., an international mining company based in Denver, and of Quebec Cartier Mining Company (now Arcelor Mittal Mines Canada).

   

Michael A. Dehn, B.Sc, – Consulting Geologist and Director

Mr. Dehn has over 25 years of experience in the mining industry. Between 1994 and 2005, he worked as an exploration geologist and later as a Senior Geologist with Goldcorp Inc. Michael has been a director of publicly traded and private junior mining companies, with listings on the North American and European stock exchanges. His expertise lies in grassroots to advanced minerals exploration, marketing and financing junior companies.

 

Sam Ho, HBA, – COO

Mr. Ho is a co-founder of Aberdeen Gould Capital Markets Ltd., where he is involved in the firm’s Investment Banking activities. He is also the Vice President and co-founder of Aberdeen Gould Advisory Services Ltd. that provides corporate advice encompassing strategic and operational strategies to private and public companies in the resource and industrial sectors. He has over 15 years of corporate finance experience, and during his career, has worked at leading Canadian independent investment dealers. Mr. Ho holds an Honors Business Administration degree (with distinction) from The University of Western Ontario – Richard Ivey School of Business.

 

Stefan Kruse, Ph.D., P. Geo – Structural Geologist, – Chief Consulting Geologist

Dr. Kruse is a structural geologist specializing in structural controls on mineralization, from prospect to belt scale. His PhD dissertation focused on polyphase deformation and tectonic evolution in the Canadian Cordillera. Based on this work he was awarded the Governor General’s Academic Gold Medal award and GAC Structure and Tectonics division Best PhD award. Additionally, Dr. Kruse is a former lecturer and current Honorary Research Associate at the University of New Brunswick. Dr. Kruse is a registered professional geologist with the Association of Professional Engineers and Geoscientists of New Brunswick (APEGNB) and the Professional Engineers and Geoscientists of Newfoundland and Labrador (PEGNL).

  

Mr. Bill Chornobay, – Senior Exploration and Corporate Development Consultant

Mr. Chornobay a business man with over 30 years experience in negotiations, identifying and acquiring undervalued assets, corporate finance, corporate development, team building, and managing exploration programs in the Americas. He has held Board and Senior Management positions, and has been instrumental in raising over $150 million dollars in the resource sector. Mr. Chornobay is a leader , team and company builder who has provided the overall corporate vision and building blocks that are required to grow successful companies. He has extensive experience in project generation, acquisition, and management of several successful exploration programs resulting in discovery.
 

Mr. Chornobay is a firm believer in the untapped resource potential of Canada and his practical approach , team spirit , vision and project management have a long proven track record of success. A Project Generators 30 Year History 1987 to 2017 [click to view PDF].

 

Leon Daniels, Ph.D, BSc., BSc. Honours Geology, – Consulting Geologist

Dr. Leon Daniels has extensive exploration and production experience that spans over 35 years. He is the published author of numerous research papers relating to diamonds and associated minerals, and the exploration and development of kimberlites in various areas. Dr. Daniels worked for Falconbridge Exploration, Botswana, evaluating the 180 ha crater facies M1 kimberlite. He also discovered the DK4 kimberlite (the only kimberlite in the Orapa kimberlite field not discovered by De Beers, and more recently co- founded African Diamonds Plc (AIM: AFD), which was subsequently acquired by Lucara Diamond Corp. (TSX: LUC), a Lundin Group of companies in 2010, for $100,000,000. Dr. Leon Daniels is a member of the Australian Institute of Geoscientists.

 

 

Note: This article is not intended to be a complete overview of Goliath Resources Limited or a complete listing of Goliath Resources' projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:

 

For more information contact Goliath Resources Limited's head office at: Ph (416) 488.2887 ext.222

 

Company's web site: www.goliathresourcesltd.com   SEDAR Filings: URL

 

 

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*Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer. This is a journalistic article and the author is not a registered securities advisor, and opinions expressed should not be considered as investment advice to buy or sell securities, but rather journalistic opinion only. Technical mining terms used by the writer may be used/expressed in simplified layman terms and should not be relied upon as appropriate for making investment decisions unless the reader contacts the company directly for independent verification. *Estimates of potential made by the mining analyst and journal(s) are non 43-101 and not from the Company.

 

     

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