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    GOT   CA38171A2092

GOLIATH RESOURCES LIMITED

(GOT)
Delayed Bourse de Toronto  -  03:59 2022-12-02 pm EST
1.060 CAD   -1.85%
11/30Goliath Intersects 117.21 G/T AuEq (115.00 G/T Au & 6.32 G/T Ag) Over 1 Meter* Within 24.64 G/T AuEq (23.17 G/T Au & 6.32 G/T Ag) Over 5.00 Meters* in Second Batch of Surebet Zone's Drill Results Confirming a 97% Hit Rate of Significant Gold Mineralization Within Its 1.6 Sqkm Area
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11/30Goliath Resources Limited Reports the Second Batch of Assay Results of the 2022 Drill Campaign on the Surebet Zone Discovery At Golddigger Property, Golden Triangle, B.C
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11/29Goliath Resources Limited Reports Earnings Results for the First Quarter Ended September 30, 2022
CI
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Goliath Resources Limited Reports Observations from A Series of Drill Holes That Intersected Classic Surebet Zone Mineralization over an Area of 1.4 Square Kilometers That Remains Open on the Surebet Discovery At Its 100% Controlled Golddigger Property, Golden Triangle, B.C

09/12/2022 | 07:45am EST

Goliath Resources Limited reported observations from a series of drill holes that intersected classic Surebet Zone mineralization over an area of 1.4 square kilometers that remains open on the Surebet discovery at its 100% controlled Golddigger Property (the “Property”), Golden Triangle, B.C. To date, 64 drill holes have intersected significant intervals of classic Surebet Zone sulphide mineralization consisting of a combination of galena, sphalerite and pyrrhotite in semi-massive to massive veins, stringers, interstitial within brecciated zones and/or as stringers throughout the rock. The extensive mineralizing system on Surebet has been confirmed over 2.5 km North-South (between Pad J and New Gold located 1 km North of North Rubble) and 2.1 km East-West (between Lake Pad and Pad J located in the Extension Target) for a total footprint of 5.25 square kilometers. The system remains open in all directions and drilling is ongoing.

Assays are pending on 2022 drill holes and will be reported once received, compiled, and interpreted. Sixty-four (64) drill holes targeting the Surebet Zone from within a 1.4 square kilometer area extending between Pad 11, Pad 1 and the outcropping Surebet Zone have intersected classic Surebet Zone mineralization and textures; the zone remains open (see map above). Highlights include drillhole GD-22-79 collared from Pad 1, the furthest pad to the West drilled to date (1.2 km step-out to the West from Surebet Main) which intersected a 46.24 meter* interval from 337.86 meters to 384.10 meters consisting of quartz stockwork and breccia with strong interstitial-breccia galena (locally up to 10%), sphalerite (locally up to 30%) and pyrrhotite (locally up to 30%); and drillhole GD-22-83 collared from Pad 17 (150 meters South of Surebet Main) which intersected multiple mineralized intervals including a 17.65 meter* interval from 87.47 meters to 105.12 meters and a 51.60 meter* interval from 129.90 meters to 181.50 meters consisting of quartz veining, stockwork and breccia with strong localized interstitial-stockwork galena (locally up to 5%), sphalerite (locally up to 5%) and pyrrhotite (locally up to 10%).

Several holes, including GD-22-83 (from Pad 17), GD-22-77 (from Pad 10), GD-22-36 (from Pad 11) and GD-22-68 (from Pad 16) have intersected multiple zones characterized by Surebet Zone style mineralization including galena, and textures, suggesting the presence of multiple stacked mineralized shear zones part of the same mineralizing system that remains open in all directions. Assays are pending on all 2022 drill holes and will be reported once received, compiled, and interpreted. All drill holes collared from Pad A located across the Northeast Fault in the East Extension zone intersected several meters of mineralized rock with textures and mineralization comparable to the Surebet Zone approximately 300 meters below the Surebet Zone (see map above).

These include drill hole GD-22-36, which intersected multiple mineralized intervals including a 42.00 meter* interval from 45.00 meters to 86.00 meters hosted in the Hazelton sedimentary units and a 3.00 meter* interval from 243.00 meters to 246.00 meters hosted in the Hazelton volcanic flows. Both mineralized intervals are characterized by typical Surebet Zone mineralization and textures consisting of quartz veining, stockwork and breccia with interstitial-stockwork and stringers of pyrrhotite (locally up to 5%), sphalerite (locally up to 4%) and galena (locally up to 2%), suggesting the presence of multiple stacked Surebet Zone mineralized shear zones within the East Extension zone that remains open. Based on the evidence of Surebet Zone mineralization in all the drill core from Pad A located in the East Extension zone, the Company plans to further test the Surebet system with 3 additional drill holes and have added Pad G, a new pad located 300 meters east of Pad A (see map above).

In the drainages directly below Pad G, surface samples from bedrock situated at a comparable level to the intercepts drilled from Pad A show massive to semi-massive galena and sphalerite within a quartz breccia similar to what is observed in the Surebet Zone. During the 2022 drill campaign is focused on in resource level infill drilling of its Surebet Zone high-grade gold-silver discovery. The Company plans to test the Surebet mineralized system at depth over an extensive area reaching as far as Lake Pad to the West (940 meters SW of Real Deal) and New Gold to the North (1 km north of North Rubble) focused on delineating a mineralized area of 2.1 km East-West by 2.5 km North-South (see map above).

Several drill locations are planned up to 600 meters West of Real Deal to target the Surebet mineralized system at depth based on the projected model generated from the 2022 drill logs, 2021 drill logs and results, and 2020 channel sample results. Multiple surface channel, chip and grab samples collected from Real Deal and Cloud 9 secondary structures believed to be associated with the Surebet Zone returned significant gold and silver values, further confirming the presence of a large gold-silver rich mineralizing system at depth. These secondary structures are interpreted to be acting as conduits for fluids to the surface.

The Golddigger Property is 100 % controlled covering 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 within the Golden Triangle of British Columbia and within 2 km of the ‘Red Line' that is host to multiple world class deposits. The property is on tide water 30 kilometers southeast of Stewart, British Columbia. Surebet 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 a few kilometers of the Red Line.

All 24 diamond drill holes completed in 2021 intersected significant intervals of Au-Ag polymetallic mineralization over 1 km of strike, 1.1 km down-dip and 600 meters of vertical relief. Drill hole GD-21-03* intersected 6.37 gpt AuEq (4.46 gpt Au and 122.13 gpt Ag) over 35.72 meters and drill hole GD-21-05* intersected 12.6 gpt AuEq (8.06 gpt Au and 313.66 gpt Ag) over 6.38 meters. The average grade and width from all 24 holes* assayed 6.29 gpt AuEq (4.35 gpt Au and 104.94 gpt Ag) over 5.87 meters, respectively.


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All news about GOLIATH RESOURCES LIMITED
11/30Goliath Intersects 117.21 G/T AuEq (115.00 G/T Au & 6.32 G/T Ag) Over 1 Meter* Within 2..
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11/30Goliath Resources Limited Reports the Second Batch of Assay Results of the 2022 Drill C..
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11/29Goliath Resources Limited Reports Earnings Results for the First Quarter Ended Septembe..
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11/15Goliath Grants Options
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11/08GOLIATH REPORTS HIGH-GRADE GOLD MINERALIZATION IN 96% OF FIRST BATCH DRILL HOLE ASSAYS ..
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11/07Goliath Resources Reports Assay Results from 2022 Drill Campaign at Golddigger Property
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11/07Goliath Reports High-Grade Gold Mineralization in 96% Of First Batch Drill Hole Assays ..
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11/07Goliath Reports High-Grade Gold Mineralization in 96% Of First Batch Drill Hole Assays ..
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10/28Goliath Resources Limited Reports Earnings Results for the Full Year Ended June 30, 202..
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10/19Goliath intercepts classic surebet zone mineralization in 92 holes containing broad int..
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Financials
Sales 2022 - - -
Net income 2022 -13,5 M -10,0 M -10,0 M
Net cash 2022 13,5 M 10,1 M 10,1 M
P/E ratio 2022 -4,05x
Yield 2022 -
Capitalization 78,0 M 57,9 M 57,9 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees -
Free-Float 87,9%
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Managers and Directors
Roger Rosmus President, Chief Executive Officer & Director
Graham Charles Warren Chief Financial Officer, Secretary & Director
Wayne Vance Isaacs Independent Director
Jean P. Lafleur Independent Director
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