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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 a member of CASERM, collaborating with the Colorado School of Mines and Virginia Tech. The company is advancing its Surebet discovery at the Golddigger property, which features a series of high-grade gold veins and significant mineralization potential.

Verified company data

Cash position
not discovered
Shares outstanding
177,889,945
Fully diluted shares
201,464,557
Mineral resource
not discovered
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/).","Golddigger\n\nGoliath has an option to acquire 100% of the Golddigger property that covers an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Eskay Rift **( [Link to Map](https://goliathresourcesltd.com/wp-content/uploads/2020/11/GoldenTriangle_new.png))** within the Golden Triangle, British Columbia and within 2 km of the Red Line **( [Link to Map](https://goliathresourcesltd.com/wp-content/uploads/2017/10/Golddigger_Map_rs.pdf))** that is host to multiple world class deposits. The property is on tide water 30 kilometers southeast of Stewart, British Columbia. The Homestake Ridge Deposit (Fury Gold Mines Limited), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.\n\n**\\*\\* NEW HIGH-GRADE POLYMETALLIC GOLD-SILVER DISCOVERY AT SUREBET ZONE AT GOLDDIGGER PROPERTY\\\\***\n\nThe newly discovered Surebet Zone is characterized by a series of NW-SE trending structures that occur within a package of Hazelton Group sediments underlain by Hazelton volcanics and are within 2 kilometers of the Red Line. LiDAR imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures.\n\nMineralization within the Surebet Zone consists of structurally controlled massive, semi-massive, and disseminated sulphides containing Galena, Sphalerite, Pyrrhotite and Pyrite. These lenses occur within broad alteration halos of silica flooded sediments which also contain polymetallic mineralization up to 43.5 meters wide.\n\n**◦ _September 14, 2021 – All 23 diamond drill holes completed to date totaling 4,391 meters have intersected significant widths of quartz-sulphides veining along the entire 1,000 meters strike length demonstrating the robust nature of the Surebet polymetallic Gold-Silver Zone that remains open both along strike and to depth. ( [Click Here For News](https://goliathresourcesltd.com/wp-content/uploads/2021/09/September-14-2021-32.6-Meters-Of-Extensive-Quartz-Sulphide-Mineralization-Drilled-At-Waterfall-Showing.pdf))_**\n\n**◦ _August 30, 2021 – Goliath drills 35.7 Meters grading 6.37 g/t AuEq or 4.46 g/t Au and 122.13 g/t Ag at Surebet Zone ( [Click Here For News](https://goliathresourcesltd.com/wp-content/uploads/2021/08/August_30-2021-Goliath-Drills-35.72-Meters-Grading-6.37-gpt-AuEq.pdf))_**\n\n**◦ _August 6, 2021 Crescat Capital & Dr. Quinton Hennigh Discuss Drilling To Date ( [Crescat Capital YouTube Channel @ 43 minutes 35 seconds](https://youtu.be/QYbQOuUaG5Q?t=2614))_**\n\n**◦ _2020 channel cuts outlined 1000m strike X 500m height X 9.84m width X 10.68 g/t AuEq (7.59 g/t Au) with 1000m inferred down dip extension._**"]
Leadership
Roger Rosmus, MBA (Founder, CEO & Director, Over 25 years of investment banking experience in the public and private sector. He has acted as lead on over 30 M&A transactions and is the Founder & President 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 oil and gas. He has guided several companies through the going public process.), Wayne Isaacs (Director (Independent), 30 year career on Bay Street specializing in the resource sector as a corporate executive and investment banker.), Rein Turna, P.Geo (Director (Independent), Consulting geologist with over 40 years of experience in mineral exploration across Canada, managing exploration programs for various deposit types.)

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