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Goliath Resources Limited

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Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF) is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia.

Investor website: https://goliathresourcesltd.com/

About

Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF) is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. The company focuses on high-quality geological settings and safe jurisdictions for mining in Canada. Goliath is actively involved with CASERM, a collaborative venture between Colorado School of Mines and Virginia Tech. The company is advancing its discovery of the 'Surebet' gold system at its 100% owned Golddigger property, which has never been drilled before due to glacier cover. The Surebet discovery features a series of high-grade gold veins and has shown significant mineralization potential, with a robust geological setting and excellent infrastructure nearby.

Verified company data

Shares outstanding
177,889,945
Fully diluted shares
201,464,557
Projects
["Lucky Strike Property\n\nGoliath owns a 49% interest in the Lucky Strike property with an option to acquire an additional 51% for a total 100% ownership that covers 31,511 hectares with logging road access. It is within a few kilometres to a major highway, power, rail and only 40 kilometres north of major infrastructure in Terrace BC. The property is located south of Golden Triangle area, and resides within the Skeena Arch, a belt-scale structural corridor associated with significant porphyry and related mineralization.\n\n**Lorne Creek Au-Cu-Ag Porphyry System**\n\nThe newly discovered Lorne Creek Au-Cu-Ag Porphyry System is defined by a 1200 by 1000 metre alteration system, with a significant porphyry outcropping at surface. It is cored by QSP, containing gold bearing chalcopyrite and molybdenite stockwork mineralization. The outcropping porphyry centre at surface contains gold-bearing chalcopyrite and molybdenite stockwork mineralization.\n\n**3D Porphyry Model Measuring 2500 x 1500 x 500 Metres ( [Click Here](https://youtu.be/55Frka7G6Ns)).**\n\n**December 7, 2021 – Luckystrike Video Update ( [Click Here](https://www.youtube.com/watch?v=F55G_TABRzM)).**\n\nThree holes were drilled in August 2019 for a total of 1741 metres. Drill hole LS-19-01 intersected 20.7 meters of 0.39 g/t AuEq, including 3.7m of 1.18 g/t AuEq near surface and Drill hole LS-19-02 intersected 45m of 0.14 g/t Au, 1.35 g/t Ag and 0.05% Cu near surface. The drilling suggest that all three holes intersected a pyritic alteration zone in the porphyry system adjacent to the ore zone (see Lowell & Guilbert, 1970); system remains open.\n\nAll three holes were drilled from the same pad, the details are:\n\n\\* LS-19-01: Drilled to 718 metres, system remains open, Az: 0 (N), Dip: 70\n\\* LS-19-02: Drilled to 501 metres, system remains open, Az: 30 (NE), Dip: 70\n\\* LS-19-03: Drilled to 522 metres, system remains open, Az: 330 deg (NW), Dip: 70\n\nThe Lorne Creek porphyry is situated at the headwaters of Lorne Creek, the most prolific placer creek in the entire district with historical placer gold production of 13,721 troy ounces and nuggets of up to 1.5 ounce gold (1886 – 1940, see BC MINFILE No. 103I204, 103I050 and 103I207). The source of the Lorne Creek placer gold is believed to be attributed to erosion of the gold mineralized bedrock from the headwaters where the Lorne Creek Au-Cu-Mo Monzonite Porphyry System is located.\n\nMapping has highlighted a spatial link between polymetallic Au/Pb/Zn/Cu/Ag veins and Cu-Mo porphyry centre. These veins are coincident with historically documented porphyry related polymetallic veins in Lorne Creek.\n\nAlong the headwaters of Lorne Creek, a series of silt samples were taken during the 2017 season. These returned multi-element anomalies, including copper, molybdenum, and gold values up to 402 ppb. A historic BC MINFILE report (No. 103I027) from this creek reports angular, pyritized and quartz-veined boulders hosted in a molybdenum-rich porphyry environment.\n\n**Gold Source Zone**\n\nA 2017 angular talus sample of a hydrothermal breccia assayed 96.8 grams per tonne gold (3.1 ounces per tonne gold), this sample was taken 65 metres downslope from the newly discovered Gold Source Zone of outcropping hydrothermal breccia ( [link to images](https://goliathresourcesltd.com/nr-l2-august-13-2018-new-zones-on-lucky-strike-drilling-to-commence)). The Gold Source Zone is an epithermal, milky quartz hydrothermal breccia and sheeted vein corridors extend more than 400 metres along an E-W trend and 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 ( [link to video](https://youtu.be/aDsyKWlLCBo)). The recently acquired airborne magnetic data identified a circular feature centered around the Gold Source Zone hydrothermal breccia. The diameter of the circular feature is approximately 1 kilometer and it is located at the confluence of several NE-SW trending magnetic lineaments.\n\nGalena and chalcopyrite mineralization have been observed in outcrop ( [link to video](https://youtu.be/aDsyKWlLCBo)).\n\n**Technical Report**\n\nThe Lucky Strike property was used as Goliath Resources Limited’s qualifying property to complete its reverse-take-over on October 11, 2017. A technical report was prepared and completed in accordance with NI 43-101 Standards of Disclosure for Mineral Projects. A copy of this report can be downloaded [**here**](https://goliathresourcesltd.com/wp-content/uploads/2017/10/Lucky-Strike-Project-NI-43-101-Report.pdf) and also can be found on SEDAR at [**www.sedar.com**](http://www.sedar.com/)."]
Leadership
Roger Rosmus, MBA (Founder, CEO & Director, Over 25 years of investment banking experience in the public and private sector. Acted as lead on over 30 M&A transactions and founder of Aberdeen Capital Markets Ltd.), Graham C. Warren, CPA, CMA (Chief Financial Officer, Corporate Secretary; Director, Senior Financial Executive with over 30 years of experience in various sectors including mining and biotech. Involved in numerous financings and M&A transactions.), Wayne Isaacs (Director (Independent), 30-year career on Bay Street specializing in the resource sector as a corporate executive and investment banker. Involved in over 30 listed companies.), Rein Turna, P.Geo (Director (Independent), Consulting geologist with over 40 years of experience in mineral exploration across Canada. Registered professional geologist since 1993.)

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