Goliath Resources Limited to report the presence of multiple grains and/or flakes of visible gold in two separate holes that have independently been confirmed by the Colorado School of Mines. The visible gold is contained in quartz-sulphide breccia intercepts from GD-22-49 and GD-22-58 on the Surebet discovery at its 100% controlled Golddigger Property Golden Triangle, B.C. The occurrence of visible gold strongly indicates the potential for very high-grade intervals and the Classic Surebet Zone mineralization has now been confirmed over a 1.6 squared kilometre area. Visible Gold: Visible gold has been identified in quartz-sulphide veins and breccias in multiple drill holes, including GD-22-49 collared from Pad A on the Southeast side of the Northeast Fault and GD-22-58 collared from South Cliff Stepout Pad on the Northwest side of the Northeast Fault. All the occurrences of visible gold to date have been identified within quartz breccia and veins in contact with or in close proximity to galena and sphalerite, hosted within the Hazelton sedimentary unit. The Hazelton volcanic unit contains Surebet textures, sphalerite and galena providing excellent untapped additional discovery potential in the volcanics below. The occurrence of visible gold has been independently confirmed by the Colorado School of Mines, with whom the Company is collaborating on a project aimed at determining the origin and evolution of the gold mineralizing fluids at Surebet. The presence of visible gold in the mineralized intercepts at Surebet is further confirmation of the exceptional results obtained from the metallurgical study performed on a composite sample of combined core from 16 diamond drill holes completed in 2021 that has demonstrated that at a 150 micron crush, 98.2 % of the gold is recoverable without the need of acid leaching making for a relatively low-cost and an environmentally friendly mining scenario. Gravity recovery alone captures an impressive 38.1 % of gold and 10.5 % of silver. This indicates that a processing scheme employing early gravity recovery should produce considerable gold in the form of dorT bars. Gravity recovery is generally accepted to be the most cost-effective means of gold recovery in the mining industry.
Sixty-nine (69) drill holes targeting the Surebet Zone from within a1.6 square kilometer area extending between Pad 1, Pad 5, Pad 11, Pad G and the outcropping Surebet Zone have intersected classic Surebet mineralization and textures demonstrating excellent continuity in a zone that remains open. Highlights include drillhole GD-22-86 collared from Pad 10 which intersected a 194.43 meter interval from 283.72 meters to 478.15 meters consisting of quartz-sulphide breccia and stockwork with semi-massive, interstitial and stringers of sphalerite pyrrhotite and galena; and drillhole GD-22-91 collared from Pad 13 which intersected multiple mineralized intervals including a 20.58 meter interval from 222.66 meters to 243.24 meters, a 19.28 meter interval from 248.80 meters to 268.08 meters and a 9.80 meters interval from 273.84 meters to 283.64 meters consisting of quartz veining, stockwork and breccia with stringers and interstitial-stockwork sphalerite pyrrhotiteand galena. Several additional holes, including GD-22-93, and GD-22-84 and GD-22-88 have intersected multiple zones characterized by classic Surebet Zone 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. Refer to the table below for drill highlights. Three out of eight planned holes collared from the West of Northeast Fault Pad have intersected classic Surebet Zone mineralization as part of aseries of veins containing semi-massive to massive galena, sphalerite and pyrrhotite hosted in both, the sedimentary and volcanic rock package. These drillholes are designed to target and expand mineralization in shallow level veins and shear zones containing classic Surebet Zone mineralization that have previously been intercepted in hole GD-22-50 collared from Pad A. See table below for drill highlights. Hole GD-22-101 is the first of aseries of holes collared from Pad G and intersected an 82.60 meter mineralized zone from 54.50 m to 137.10 m consisting of aseries of pyrrhotite and sphalerite rich veins, including stringers and semi-massive to massive sulphides. Intersecting classic Surebet Zone mineralization at Pad G expands the footprint of the mineralized zone from 1.4 square kilometers to 1.6 square kilometers. The mineralized Surebet Zone currently remains open to the East of the newEast Extension Zone, to the South and to the West.