Goliath Resources Limited announced findings from a study of mineralized specimens from the Surebet Zone conducted by Dr. Thomas Monecke and T. James Reynolds of the Colorado School of Mines. The Surebet Zone is part of Goliath's 100% controlled Golddigger Property in the Golden Triangle, British Columbia. Summary of Findings: A petrographic and fluid inclusion study of mineralized specimens from the Surebet Zone conducted by Dr. Thomas Monecke and T. James Reynolds of the Colorado School of Mines concludes that this newly discovered mineralizing system is intrusion-related having formed at significant depth, over 5?6 km, below paleosurface.

Recognition of Surebet's deep-rooted, intrusion-related formation points to significant exploration upside at Goliath's 100% controlled Golddigger project in the Golden Triangle of British Columbia. Because the causative intrusion is presumed to be well down-dip to the west of Surebet, it is considered likely that mineralization persists well beyond the current limits of drilling, approximately 1.1 km down dip from the outcropping Surebet Zone. It is also logical that faulted offsets of the Surebet Zone have yet to be discovered elsewhere on the property, the New Extension Target immediate southeast of Surebet being an example.

Two main types of hydrothermal vein quartz are present: 1) early quartz that formed under lithostatic conditions, and 2) a second quartz generation that formed under hydrostatic conditions and crosscuts earlier quartz. Fluid inclusion evidence unequivocally demonstrates that vein quartz formation occurred at the transition from ductile to brittle behavior, at high temperatures of 350?400°C, during a period related to overall cooling of the hydrothermal system. The change from ductile to brittle behavior of the wall rocks adjacent to the Surebet structure likely caused a change in pressure of the hydrothermal fluids as they flushed into an open network of newly formed brittle fractures.

Sulfides crosscut early-stage quartz and formed in association with, and/or after, second generation quartz. Mineralization formed under hydrostatic conditions when fluid flow occurred though a more open fracture network.