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Goliath Resources Updated Modelling Confirms Its Large Gold Rich Layered System Is Directly Associated To Motherlode Intrusive Source (RIRG) And Multiple Gold Rich Feeder Dykes That Assayed Up To 12 g/t AuEq Over 10 Meters That Remain Open For Expansion, Surebet Discovery, Golden Triangle, B.C.

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Goliath Resources (GOTRF) has confirmed that its large gold-rich layered system at the Surebet Discovery is directly linked to a Motherlode Reduced Intrusive Gold System (RIRG) source with multiple gold-rich feeder dykes. The company has identified 17 feeder dykes, with 13 yet to be tested in the upcoming 2025 program.

Key findings include:

  • 4 tested feeder dykes showed high-grade gold intervals with visible gold, reaching up to 12.03 g/t AuEq over 10 meters
  • Dykes are up to 25 meters wide and exposed along strike for up to 1,500 meters
  • Gold mineralization confirmed in 100% of 243 drill holes with over 300 intercepts within a 1.8 km² area
  • 19 holes from 2021-2024 with mineralized porphyritic dykes will be relogged and assayed in 2025

The geochronology between dykes (52.0 ± 1.5 Ma) and stacked veins (50.7 ± 1.0 Ma) suggests a syngenetic relationship. Mobilization is planned for May 2025.

Goliath Resources (GOTRF) ha confermato che il suo ampio sistema stratificato ricco d'oro presso la scoperta Surebet è direttamente collegato a una fonte di Sistema Intrusivo d'Oro Ridotto (RIRG) con molteplici dykes di alimentazione ricchi d'oro. L'azienda ha identificato 17 dykes di alimentazione, di cui 13 devono ancora essere testati nel programma del 2025.

I risultati chiave includono:

  • 4 dykes testati hanno mostrato intervalli d'oro ad alta legge con oro visibile, raggiungendo fino a 12,03 g/t AuEq su 10 metri
  • I dykes sono larghi fino a 25 metri ed esposti lungo la direzione per un massimo di 1.500 metri
  • La mineralizzazione d'oro è stata confermata nel 100% di 243 fori di perforazione con oltre 300 intercettazioni all'interno di un'area di 1,8 km²
  • 19 fori dal 2021 al 2024 con dykes porfirici mineralizzati saranno rilogati e analizzati nel 2025

La geocronologia tra i dykes (52.0 ± 1.5 Ma) e le vene sovrapposte (50.7 ± 1.0 Ma) suggerisce una relazione singenetica. La mobilitazione è prevista per maggio 2025.

Goliath Resources (GOTRF) ha confirmado que su gran sistema estratificado rico en oro en el descubrimiento Surebet está directamente vinculado a una fuente de Sistema Intrusivo de Oro Reducido (RIRG) con múltiples diques alimentadores ricos en oro. La empresa ha identificado 17 diques alimentadores, de los cuales 13 aún deben ser probados en el programa de 2025.

Los hallazgos clave incluyen:

  • 4 diques probados mostraron intervalos de oro de alta ley con oro visible, alcanzando hasta 12.03 g/t AuEq en 10 metros
  • Los diques tienen hasta 25 metros de ancho y están expuestos a lo largo de la dirección por hasta 1,500 metros
  • La mineralización de oro se confirmó en el 100% de 243 perforaciones con más de 300 intercepciones dentro de un área de 1.8 km²
  • 19 perforaciones de 2021 a 2024 con diques porfiríticos mineralizados serán relogadas y analizadas en 2025

La geoquímica entre los diques (52.0 ± 1.5 Ma) y las vetas apiladas (50.7 ± 1.0 Ma) sugiere una relación singenética. Se planea la movilización para mayo de 2025.

골리앗 리소스(GOTRF)는 수르벳 발견지의 금이 풍부한 대규모 층상 시스템이 여러 금이 풍부한 공급 다이크가 있는 모더로드 감소 침입 금 시스템(RIRG) 소스와 직접 연결되어 있음을 확인했습니다. 이 회사는 17개의 공급 다이크를 확인했으며, 13개는 2025년 프로그램에서 테스트되지 않았습니다.

주요 발견 사항은 다음과 같습니다:

  • 테스트된 4개의 공급 다이크는 가시적인 금을 포함한 고품위 금 간격을 보여주었으며, 최대 10미터에서 12.03 g/t AuEq에 달했습니다.
  • 다이크는 최대 25미터 너비이며 최대 1,500미터까지 노출되어 있습니다.
  • 243개의 시추 구멍에서 금 광물화가 100% 확인되었으며, 1.8 km² 지역 내에서 300회 이상의 교차가 있었습니다.
  • 2021-2024년 동안의 19개 구멍에서 광물화된 포르피리틱 다이크는 2025년에 재측정 및 분석될 예정입니다.

다이크 간의 지질 연대학(52.0 ± 1.5 Ma)과 쌓인 vein(50.7 ± 1.0 Ma)은 동시 생성 관계를 제안합니다. 2025년 5월에 이동이 계획되어 있습니다.

Goliath Resources (GOTRF) a confirmé que son vaste système stratifié riche en or à la découverte de Surebet est directement lié à une source de Système Intrusif d'Or Réduit (RIRG) avec plusieurs dyke d'alimentation riches en or. L'entreprise a identifié 17 dyke d'alimentation, dont 13 n'ont pas encore été testés dans le programme de 2025.

Les résultats clés comprennent:

  • 4 dyke testés ont montré des intervalles d'or de haute teneur avec de l'or visible, atteignant jusqu'à 12,03 g/t AuEq sur 10 mètres
  • Les dyke mesurent jusqu'à 25 mètres de large et sont exposés sur une distance allant jusqu'à 1 500 mètres
  • La minéralisation de l'or a été confirmée dans 100% des 243 forages avec plus de 300 interceptions dans une zone de 1,8 km²
  • 19 forages de 2021 à 2024 avec des dyke porphyriques minéralisés seront relogés et analysés en 2025

La géochronologie entre les dyke (52.0 ± 1.5 Ma) et les veines empilées (50.7 ± 1.0 Ma) suggère une relation syngénétique. La mobilisation est prévue pour mai 2025.

Goliath Resources (GOTRF) hat bestätigt, dass sein großes, goldreiches geschichtetes System bei der Surebet-Entdeckung direkt mit einer Quelle eines Reduzierten Intrusiven Goldsystems (RIRG) verbunden ist, das mehrere goldreiche Zuführungsdämme aufweist. Das Unternehmen hat 17 Zuführungsdämme identifiziert, von denen 13 im kommenden Programm 2025 noch getestet werden müssen.

Wichtige Ergebnisse umfassen:

  • 4 getestete Zuführungsdämme zeigten hochgradige Goldintervalle mit sichtbarem Gold, das bis zu 12,03 g/t AuEq über 10 Meter reicht.
  • Dämme sind bis zu 25 Meter breit und entlang der Strike-Richtung bis zu 1.500 Meter freigelegt.
  • Goldmineralisierung wurde in 100% von 243 Bohrlöchern mit über 300 Schnittpunkten innerhalb eines 1,8 km² großen Gebiets bestätigt.
  • 19 Löcher aus 2021-2024 mit mineralisierten porphyrischen Dämmen werden 2025 erneut geloggt und analysiert.

Die Geochronologie zwischen den Dämmen (52.0 ± 1.5 Ma) und den gestapelten Adern (50.7 ± 1.0 Ma) deutet auf eine syngenetische Beziehung hin. Die Mobilisierung ist für Mai 2025 geplant.

Positive
  • High-grade gold assays up to 12.03 g/t AuEq over 10 meters in feeder dykes
  • 100% success rate in 243 drill holes with >300 gold intercepts
  • Large mineralization footprint covering 1.8 km² area
  • 17 feeder dykes identified with 13 untested targets for 2025
  • Confirmation of gold system's connection to Motherlode RIRG source
Negative
  • 13 of 17 identified feeder dykes remain untested
  • Results from new drilling program won't be available until after May 2025

Dyke Highlights:

  • 17 feeder dykes have been intersected in drill holes and/or mapped on surface, of which 13 remain to be tested. These will be logged, sampled and assayed in the upcoming 2025 program based on strong assays results from the first 4 dykes tested in 2024 providing for excellent potential to vector in and target the gold mineralizing system.
  • 4 feeder dykes drilled, logged and assayed contained high-grade gold intervals that displayed visible gold, as well as molybdenite, bismuth and tellurium mineralization related to a Reduced Intrusion Related Gold System (RIRG).
  • 19 holes drilled in 2021 - 2024 with highly prospective intervals of mineralized porphyritic RIRG dykes will be relogged as part of the 2025 program that suggest possibly >900 meters of new samples for a quick start of early assaying this season; mobilization planned for May 2025.
  • High-grade gold mineralization was reported earlier this year from a relogged drill hole from 2022 that assayed 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters, plus a second separate interval of 8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 meters that intersected a feeder dyke derived from the Motherlode gold-rich Reduced Intrusion Related Gold System (RIRG) source. Additional feeder dykes have also confirmed gold mineralized intrusion related in drill holes to a down-hole depth of 500 meters with grades ranging from 1.08 g/t AuEq over 1.10 meters to 10.50 g/t AuEq over 7.00 meters. The gold mineralized feeder dykes are up to 25 meters wide and exposed along strike at surface for up to 1,500 meters and remain open, strongly indicating close proximity to a gold-rich Motherlode RIRG source.
  • Mineralization in the dykes occurs as quartz veins and veinlets up to a few centimeters wide containing visible gold, bismuth, bismuth-tellurides and molybdenite, hosted in porphyritic felsic-intermediate ilmenite series granitoids, which is the expected composition of a causative intrusion in the geologic setting where Surebet was formed. Gold in the mineralized dykes occurs included in composite grains with native bismuth and bismuth tellurides. This style of gold mineralization is also found in the gold-rich staked shear hosted quartz veins at Surebet.
  • The geochronology (age) between the dykes (52.0 ± 1.5 Ma) and sedimentary/volcanic rock hosted stacked veins (50.7 ± 1.0 Ma) indicates the dykes were emplaced at a time indistinguishable from the stacked veins, suggesting a syngenetic relationship between these two mineralization stages. Also, there are two stages of gold mineralization observed petrographically in all gold bearing veins at the Surebet Discovery (see more information below).
  • Two stages of gold mineralization are observed petrographically in all gold bearing veins at the Surebet Discovery. The first stage is higher-temperature and occurs with a strong bismuth-gold association, which is most commonly observed in the RIRG dykes. This is further evidence these are the feeder pathway structures that provided mineralization for the high-grade gold stacked veins. The second is a lower temperature stage most commonly found in the sedimentary rocks and volcanic rocks. Certain intervals are observed containing both high temperature and low temperature stages of gold i.e. previously announced drill hole GD-24-260 that ran 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters.
  • During only 15 months of boots on the ground, strong gold mineralization has been confirmed with assays in 100% of 243 widespread drill holes containing >300 intercepts to date within a 1.8 km2 area. Confirmation of multiple stacked gold veins and widespread gold-rich reduced intrusion (RIRG) feeder dykes, confirms the continuity of the widths and grades at Surebet demonstrating this world-class gold system has tremendous untapped expansion potential remaining.
  • Confirmation of high gold grades over broad intervals in the recently discovered RIRG system characterized by considerable amounts of visible gold, bismuth, bismuth tellurides and molybdenum mineralization in the felsic to intermediate porphyritic dykes on Surebet materially increases the resource potential of the Surebet discovery. Targeting the feeder dykes and Motherlode gold-rich source will form part of the drill program in 2025 as well expanding the stacked layers of high-grade gold mineralization currently covering at least 1.8 km2 that remains open in all directions on the Surebet discovery.

Dyke Maps & Cross Sections

Drilling Highlights – Dyke Assays Previously Reported:

  • GD-22-58, a 2022 drill hole that was relogged in 2024 and previously reported this year intercepted two separate intervals with exceptional gold grades over substantial widths within a reduced intrusion related porphyritic intermediate feeder dyke containing visible gold, bismuth and molybdenum mineralization reminiscent of a RIRG system. The dyke is up to 15 meters wide and strikes north-south for 1,400 meters on surface with 600 meters of vertical relief and remains open:
    • 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters, including 19.91 g/t AuEq (19.62 g/t Au and 25.61 g/t Ag) over 6.00 meters, including 23.82 g/t AuEq (23.47 g/t Au and 30.54 g/t Ag) over 5.00 meters.
    • 8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 meters, including 14.26 g/t AuEq (13.87 g/t Au and 34.10 g/t Ag) over 3.00 meters.
  • GD-24-237 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 10.50 g/t AuEq (10.41 f/t Au and 7.15 g/t Ag) over 7.00 meters, including 14.68 g/t AuEq (14.55 g/t Au and 9.82 g/t Ag) over 5.00 meters, and 24.42 g/t AuEq (24.22 g/t Au and 16.01 g/t Ag) over 3.00 meters. The dyke is up to 25 meters wide and strikes north-south for 1,500 meters on surface with 900 m of vertical relief and remains open.
  • GD-23-180, a 2023 drill hole that was relogged in 2024 and previously reported this year intercepted a mineralized intermediate porphyritic dyke that assayed 3.46 g/t AuEq (3.43 g/t Au and 2.68 g/t Ag) over 7.00 meters including 4.49 g/t AuEq (4.44 g/t Au and 3.75 g/t Ag) over 5 meters. Based on drill information to date the dyke has a northeast-southwest strike extent of 300 meters of strike with 400 meters of vertical relief and remains open. This dyke is not exposed to the surface.
  • Drill hole GD-23-226 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 1.85 g/t AuEq (1.85 g/t Au and 0.00 g/t Ag) over 8 meters, including 6.03 g/t AuEq (6.03 g/t Au and 0.00 g/t Ag) over 2 meters. The dyke is up to 25 meters wide and strikes north-south for 1,500 meters on surface with 900 meters of vertical relief and remains open.

TORONTO, March 13, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report updated modelling confirms the large gold rich stacked layered system of 1.2 kilometres over an area of 1.8 square kilometres is directly associated to a Motherlode Reduced Intrusive Gold System (RIRG) source with multiple gold rich feeder dykes at Surebet on its 100% controlled Golddigger Property (the “Property”), Golden Triangle, B.C. Previously reported feeder dyke holes assayed up to 12 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10 meters and remains open for expansion. These RIRG feeder dykes are up to 25 meters wide and exposed at surface along strike for up to 1,500 meters and remain open. The geochronology age between the dykes (52.0 ± 1.5 Ma) and sedimentary/volcanic rock hosted stacked veins (50.7 ± 1.0 Ma) indicates the dykes were emplaced at a time indistinguishable from the stack veins, suggesting a syngenetic relationship between these two mineralization stages.

17 feeder dykes have been intersected in drill holes and/or mapped on surface, of which 13 remain to be tested. These will be logged, sampled and assayed in the upcoming quick start 2025 program based on strong assays results from the first 4 feeder dykes tested in 2024. These provide for excellent potential to vector in and target the gold mineralizing system. 4 of the feeder dykes logged and assayed contained high-grade gold intervals that displayed visible gold, as well as molybdenite, bismuth and tellurium mineralization related to a Reduced Intrusion Related Gold System (RIRG). 19 drill holes from 2021 - 2024 with highly prospective intervals of mineralized porphyritic dykes will relogged and assayed as part of the 2025 program that suggest possibly >900 meters of new samples for assaying early on in the season; mobilization is scheduled for May this year.

Dr. Quinton Hennigh, Geologic/Technical Director of Crescat Capital, a strategic investor in Goliath, states: “At the Surebet Discovery, we now see compelling evidence of the causative intrusion that generated this remarkable high-grade gold system. A series of steeply dipping dykes encountered in some recent diamond drill holes bear quartz-sulfide veins and veinlets with compositions strongly similar to those of the numerous shallow dipping and flat lodes that have been the main focus of exploration to date. Age dating shows that the emplacement of these dykes is very close to the age of mineralization. This is intriguing for three reasons. Firstly, it indicates that the dykes themselves are a very prospective, potentially extensive exploration target. Secondly, the dykes and mineralisation forming fluids are clearly tapping the same structures, ones that are presumably deeply rooted and coming from a parent magma source at depth. This could mean there is a lot more gold in the system to explore under and laterally at the Surebet Discovery. Lastly, it is also immediately evident that there is a spatial relation between these dykes and the location of most of the highest grade intercepts encountered to date. In short, we now have a clear vector to guide future drilling at high-grade areas. The 2025 drill season cannot start soon enough.”

Randall Karcher, CASERM researcher and PhD student at the Colorado School of Mines, states: “The granitoid dykes at Surebet have several characteristics which indicate they are part of the system responsible for gold mineralization on the property. Gold in the mineralized dykes occurs within composite grains alongside native bismuth and bismuth tellurides. This style of gold mineralization is also found in the gold rich quartz vein elsewhere at Surebet. Furthermore, the dykes are felsic-intermediate ilmenite series granitoids, which is the expected composition of a causative intrusion in the setting where Surebet was formed. Finally, coincident geochronology between the dykes and the sedimentary/volcanic rock hosted stacked veins indicates that the dykes were emplaced at a time indistinguishable from the veins, suggesting a syngenetic relationship between the two. The discovery of gold bearing intrusive rocks of this character provide strong exploration implications for the intrusive “feeder system”. Additionally, the abundance of local intrusive rocks at Golddigger of similar ages to mineralization show strong exploitation potential moving forward.”

Roger Rosmus, Founder and CEO of Goliath, states: “Recently completed detailed modelling of our drilling to date has shown that in addition to a series of gently dipping vertically stacked veins over 1.2km at the Surebet high-grade gold discovery, there are also a series of near vertical RIRG gold mineralization within the dykes. Our geological team is excited about these dykes and stacked veins being roughly the same age in geological terms that point to a Motherlode RIRG source. If one considers that there are stacked veins dipping toward the southeast and others to the southwest, plus the network of vertical dykes with the higher-temperature gold and occurs with a strong bismuth-gold suggests they are connected and proximal to the source. Things are shaping up to look like we have the potential for a combination of stacked veins similar to the Pogo Mine in combination with a RIRG system like Snowline’s discovery in the Yukon. Both the Pogo Mine and Snowline’s discovery are part of the Tintina Gold Province, and it is remarkable that we could see something similar as part of the same system in the prolific Golden Triangle to the south of the Tintina Gold Province. We look forward to a quick start to our exploration season in May 2025 this year, we will be relogging and assaying the 19 holes of feeder dyke core drilled between 2021 – 2024 that could possibly end up being >900 meters being sent to the lab. Drilling this exploration season will look to further expanding the stacked veins and dykes for vectoring into the source of the gold system at the Surebet Discovery.”

Dykes - drilling results previously reported:

  • GD-22-58 previously reported intercepted two separate intervals with exceptional gold grades over substantial widths within a reduced intrusion related porphyritic intermediate feeder dyke containing visible gold, bismuth and molybdenum mineralization reminiscent of a RIRG system. The dyke is up to 15 m wide and strikes north-south for 1400 meters on surface with 600 meters of vertical relief and remains open:
    • 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters, including 19.91 g/t AuEq (19.62 g/t Au and 25.61 g/t Ag) over 6.00 meters, including 23.82 g/t AuEq (23.47 g/t Au and 30.54 g/t Ag) over 5.00 meters.
    • 8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 meters, including 14.26 g/t AuEq (13.87 g/t Au and 34.10 g/t Ag) over 3.00 meters.
  • Drill hole GD-24-237 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 10.50 g/t AuEq (10.41 f/t Au and 7.15 g/t Ag) over 7.00 meters, including 14.68 g/t AuEq (14.55 g/t Au and 9.82 g/t Ag) over 5.00 meters, and 24.42 g/t AuEq (24.22 g/t Au and 16.01 g/t Ag) over 3.00 meters. The dyke is up to 25 meters wide and strikes north-south for 1500 meters on surface with 900 m of vertical relief and remains open.
  • Drill hole GD-23-180 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 3.46 g/t AuEq (3.43 g/t Au and 2.68 g/t Ag) over 7.00 meters including 4.49 g/t AuEq (4.44 g/t Au and 3.75 g/t Ag) over 5 meters. Based on drill information to date the dyke has a northeast-southwest strike extent of 300 meters strike with 400 meters of vertical relief and remains open. The dyke is not exposed on surface.
  • Drill hole GD-23-226 previously reported intercepted a mineralized intermediate porphyritic dyke that assayed 1.85 g/t AuEq (1.85 g/t Au and 0.00 g/t Ag) over 8 meters, including 6.03 g/t AuEq (6.03 g/t Au and 0.00 g/t Ag) over 2 meters. The dyke is up to 25 meters wide and strikes north-south for 1,500 meters on surface with 900 meters of vertical relief and remains open.

The granitoid dykes at Surebet have several characteristics which indicate they are part of the system responsible for gold mineralization on Surebet. Mineralization in the dykes occurs as quartz veins and veinlets up to a few centimeters wide containing visible gold, bismuth, bismuth-tellurides and molybdenite, hosted in porphyritic felsic-intermediate ilmenite-series granitoids, which is the expected composition of a causative intrusion in the geologic setting where Surebet was formed. Gold in the mineralized dykes occurs included in composite grains with native bismuth and bismuth tellurides. This style of gold mineralization is also found in the gold-rich staked shear hosted quartz veins at Surebet. The geochronology age between the dykes (52.0 ± 1.5 Ma) and sedimentary/volcanic rock hosted stacked veins (50.7 ± 1.0 Ma) indicates the dykes were emplaced at a time indistinguishable from the stack veins, suggesting a syngenetic relationship between these two mineralization stages.

Table 1: Highlighted drill holes that intercepted RIRG in dykes – previously reported.

Hole ID From (m)To (m)Interval (m)Au (g/t)Ag (g/t)Cu (%)Pb (%)Zn (%)AuEq (g/t)
GD-22-58
Interval220.00230.0010.0011.8415.610.000.010.0212.03
Including224.00230.006.0019.6225.610.000.010.0219.91
Including225.00230.005.0023.4730.540.000.010.0223.82
Interval244.00249.005.008.3520.740.000.010.028.59
Including245.00248.003.0013.8734.100.000.010.0214.26
GD-24-237
Interval313.00320.007.0010.417.150.000.010.0210.50
Including314.00319.005.0014.559.820.000.010.0214.68
Including315.00318.003.0024.2216.010.000.010.0224.42
GD-24-180
Interval266.00273.007.003.432.680.000.000.003.46
Including267.00272.005.004.443.750.000.000.004.49
GD-24-226
Interval491.00499.008.001.850.000.000.000.001.85
Including491.00493.002.006.030.000.000.000.006.03
GD-24-61Interval195.00196.001.001.390.060.000.000.011.40
GD-24-77Interval41.0044.003.001.003.770.000.000.011.05
GD-24-183Interval122.00134.0012.002.282.290.000.000.012.31
GD-24-209Interval341.00343.002.001.111.120.000.010.021.13
GD-24-221Interval89.9091.001.101.060.830.000.000.011.08


All 4 dykes logged and assayed contained high-grade gold intervals that displayed visible gold, as well as molybdenite, bismuth and tellurium mineralization. An additional 13 dykes have been intersected in drill holes and/or mapped on the surface and remain to be tested. These will be logged, sampled and assayed in the upcoming 2025 program based on strong assays results from the first 4 dykes tested in 2024 providing for excellent additional resource potential.

Table 2: 19 Drill holes with highly prospective intervals of mineralized porphyritic dykes to relog and assay in 2025 (~900 meters).

Hole IDFrom (m) To (m)Interval (m)Comment
GD-21-0615318229Relog and sample; alteration
GD-21-0913314310Relog and sample
GD-22-1028415167Relog and sample
GD-22-6426430137Relog and sample
GD-22-7410617165Relog and sample; alteration
GD-22-74125644Relog and sample; alteration
GD-23-1512062148Relog and sample
GD-23-151269.52733.5Relog and sample
GD-23-1512792856Relog and sample; alteration
GD-23-19723127104Relog and sample; fault
GD-23-197164314150Relog and sample
GD-23-20272873911Relog and sample; alteration
GD-24-23702929Relog and sample; multiple intervals
GD-24-2382702755Relog and sample; alteration
GD-24-2463913596Relog and sample
GD-24-248579681102Relog and sample
GD-24-259343.2635713.74Relog and sample
GD-24-26982875Relog and sample
GD-24-2727912445Relog and sample
GD-24-28405959Relog and sample; alteration
GD-24-28518621125Relog and sample
GD-24-28532934112Relog and sample
GD-24-2950143143Relog and sample
GD-24-299TBDTBDTBDRelog and sample; multiple intervals


During only 15 months of boots on the ground, strong gold mineralization has been confirmed with assays in 100% of 243 widespread drill holes containing >300 intercepts to date within a 1.8 km2 area. Confirmation of multiple stacked gold veins and widespread gold-rich reduced intrusion feeder dykes, confirms the continuity of the widths and grades at Surebet demonstrating this world-class gold system has tremendous additional untapped expansion potential remaining.

The drill program being planned in 2025 will focus on expanding the stacked veins of high-grade gold mineralization that remains open in all directions, including to depth and vectoring in on and targeting the Motherlode RIRG believed to be the source for the extensive high-grade gold mineralization on the Surebet Discovery. The Company looks forward to continuing to expand the mineralization at Surebet and increase the understanding of the geometry and controls of the mineralization. The discovery of the RIRG mineralization clearly indicates proximity to the source of this extensive mineralizing system.

Table 3: Collar information for drill holes from Surebet reported in this news release.

Hole IDCRSEasting (m)Northing (m)Elevation (m)Azimuth (deg)Dip (deg)Length (m)
GD-22-58NAD83 / UTM zone 9N4575126163073165612055399
GD-22-61NAD83 / UTM zone 9N45657761627121580060670
GD-22-77NAD83 / UTM zone 9N4571906162991165613075504
GD-23-180NAD83 / UTM zone 9N4574526162783151414555535
GD-23-183NAD83 / UTM zone 9N4573376162680144410065507
GD-23-209NAD83 / UTM zone 9N4574526162781151314065397
GD-23-221NAD83 / UTM zone 9N457570616245414437070273
GD-23-226NAD83 / UTM zone 9N4573826162942162214069653
GD-24-237NAD83 / UTM zone 9N4574456162776151114070848


Golddigger Property

The Golddigger Property is 100% controlled and covers an area of 91,518 hectares in the world class geological setting of the Eskay Rift, within 3 kilometers of the Red Line in the Golden Triangle of British Columbia. This area has hosted some of Canada’s greatest mines including Eskay Creek, Premier and Snip. Other significant and well-known deposits in the Golden Triangle include Brucejack, Copper Canyon, Galore Creek, Granduc, KSM, Red Chris, and Schaft Creek. Goliath controls 56 kilometers of the Red Line which is a geologic contact between Triassic age Stuhini rocks and Jurassic age Hazelton rocks used as key markers when exploring for gold-copper-silver mineralization.

The Surebet discovery has exceptional continuity and excellent metallurgy with gold recoveries of 92.2% with 48.8% of it as free gold from gravity alone at a 327-micrometer crush (no cyanide required to recover the gold). The metallurgy completed to date shows no deleterious elements are present such as mercury or arsenic.

The Property is in an excellent location in close proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power.

Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the east of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport.

About CASERM (Center to Advance the Science of Exploration to Reclamation in Mining)

Goliath is a paying member and active supporter of CASERM, an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech aimed at transforming the way that geoscience data is used in the mineral resource industry. Research focuses on the integration of diverse geoscience data to improve decision making across the mine life cycle, beginning with the exploration for subsurface       resources continuing through mine operation as well as closure and environmental remediation. As a CASERM member, the Company requested a study and written report to be performed by Colorado School of Mines analysing Surebet’s origin of mineralization. The study confirmed an extensive porphyry feeder source at depth for the high-grade gold mineralising fluids at Surebet.

Qualified Person

Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release. Mr. Turna is also a director of the Company.

Goliath’s Annual General Meeting (AGM) - Updated Dial In Number

If you wish to dial in and listen to Goliath’s AGM proceedings on Monday, March 17, 2025 at 1:00pm (Toronto time), please be advised the new dial in number is +1.437.703.7440 and the code is 105301859#.

About Goliath Resources Limited

Goliath Resources is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), Mr. Rob McEwen, a Global Commodity Group based in Singapore, Mr. Eric Sprott and Mr. Larry Childress.

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
www.goliathresourcesltd.com

Other

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

Oriented HQ-diameter or NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM software and data from the 2017-2022 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. Standards, blanks and duplicates were added in the sample stream at a rate of 10%.

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence at a rate of 10%.

All samples are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the Paragon Geochemical labs facilities in Surrey, BC or ALS labs facilities in North Vancouver, BC. Paragon Geochemical is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. Samples submitted to Paragon received gold and silver analysis by photon assay whereby the entire sample is crushed to approximately 70% passing 2 mm mesh. The entire crushed sample is riffle split and weighed into multiple (300-500g) jars that are submitted for photon assay. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, causing them to emit secondary gamma rays, which are measured to identify and quantify the metals present. The assays from all jars are combined on a weight-averaged basis. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. At ALS samples were processed, dried, crushed, and pulverized before analysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61 method, a prepared sample is digested with perchloric, nitric, hydrofluoric, and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits were re-analyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21 a large volume of sample is needed (typically 1-3kg). The sample is crushed and screened (usually to -106 micron) to separate coarse gold particles from fine material. After screening, two aliquots of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous and well represented by the duplicate analyses. The entire coarse fraction is assayed to determine the contribution of the coarse gold.

Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and AuEq metal values are calculated using: Au 2797.16 USD/oz, Ag 31.28 USD/oz, Cu 4.25 USD/lbs, Pb 1955.58 USD/ton and Zn 2750.50 USD/ton on January 31st, 2025. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath’s project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. Bothell, Washington, dated May 29, 2020). Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath’s Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of the Company to complete financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment.  In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal. The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


FAQ

What are the latest gold assay results from GOTRF's Surebet Discovery feeder dykes?

The best assay results showed 12.03 g/t AuEq over 10.00 meters, including 19.91 g/t AuEq over 6.00 meters from drill hole GD-22-58.

How many feeder dykes has GOTRF identified at the Surebet Discovery in 2024?

17 feeder dykes have been identified, with 4 tested and 13 remaining to be tested in the 2025 program.

What is the size of GOTRF's mineralized area at the Surebet Discovery?

The mineralized area covers 1.8 km² with gold confirmed in 243 drill holes containing over 300 intercepts.

When will GOTRF begin its 2025 drilling program at Surebet?

Mobilization is scheduled for May 2025, starting with relogging and assaying 19 holes from 2021-2024.

What is the width and strike length of GOTRF's largest feeder dykes?

The largest feeder dykes are up to 25 meters wide and extend along strike for up to 1,500 meters.
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