Goliath Resources Limited announced exceptional metallurgical recoveries from the Surebet Zone at its 100% controlled Golddigger Property in the Golden Triangle, British Columbia. These results come on the back of a positive news release issued by the Company on January 11, 2022. It reported a 100% hit rate on 24 holes drilled during from Surebet Zone's 2021 maiden drill campaign that intersected significant high-grade gold-silver over 1 km of strike and 1.1 km down dip.

Test work was performed by Process Mineralogical Consulting Ltd. ("PMC"), a world-renowned Vancouver based metallurgical testing facility. A composite sample of combined core from 16 diamond drill holes com-pleted at Surebet in 2021 was used. Therefore, these results are considered representative of the overall properties expected style of mineralization at Surebet.

The sample was ground to a nominal 150-micron size then subjected to gravity recoverable gold ("GRG") test work. Following GRG testing, the material was then subjected to Pb-flotation followed by Zn-flotation tests. Gravity recovery alone captures an impressive 38.1% of Au and 10.5% of Ag.

This indicates that a processing scheme employing early gravity recovery should produce considerable Au in the form of doré bars. Gravity recovery is generally the cheapest means of Au recovery in the mining industry. Pb-flotation concentrate generated after gravity gold testing captures an additional 52.5% of Au and 62.6% of Ag bringing recovered Au to 90.6% and Ag to 73.1%.

Importantly, the mass pull to generate this Pb con-centrate is 7.7%, or 13-to-1, a favorable outcome. Also favorable, this Pb-concentrate product grades approx-imately 2 opt Au, 55 opt Ag and 12.9% Pb, a clear indication that precious metal-rich concentrates can be made from Surebet mineralization. Such precious metal-rich concentrates are considered marketable to a large audience of smelting operations in Canada and overseas.

Final testing to produce a Zn-flotation concentrate captures an additional 7.6% of Au bringing overall Au recovery to 98.2%. An additional 13.3% of Ag is recovered bringing total Ag recovery to 86.4%. The mass pull for the Zn concentrate, 18.2%, or 5.5-to-1, is significantly higher than that of the Pb concentrate, and resulting Au and Ag grades are significantly lower.

More work is needed to determine if a lower mass pull, higher precious metal grade can be achieved in Zn-flotation or bulk flotation concentrates. The Bond's Work Index ("BWI"), a measure of energy needed to grind rock during milling, is a moderately low 12.25 kw-hr/tonne for Surebet mineralization. Many gold projects see a BWI significantly higher, +14 kw- hr/tonne.

This bodes well for reduced power consumption and milling costs for the project.