09:02:50 EDT Tue 09 Aug 2022
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Goliath Resources Ltd (2)
Symbol GOT
Shares Issued 70,419,461
Close 2022-07-27 C$ 0.94
Recent Sedar Documents

Goliath Resources adds fifth drill rig at Golddigger

2022-07-28 10:51 ET - News Release

Mr. Roger Rosmus reports


Goliath Resources Ltd. has added a fifth drill rig to its 2022 diamond drill program based on the sulphide mineralization observed in all the core drilled this year that look similar to core from its 2021 maiden diamond drill program that had extensive intercepts that tested positive for high-grade gold-silver from assays at its 100-per-cent-controlled Golddigger property located in the Golden Triangle, British Columbia.

Roger Rosmus, founder and chief executive officer, stated: "We are adding a fifth rig to our fully funded 2022 diamond drill campaign based on what we are seeing in all the core at this point as well as increasing our probability to complete the upsized program to approximately 27,000-plus metres planned for this season. The additional targets added could potentially have a material impact on the size of the Surebet system that remains open."

Golddigger property

The Golddigger property is 100 per cent controlled, covering an area of 23,859 hectares (59,646 acres or 239 square kilometres) and is in the world-class geological setting of the Eskay Rift within the Golden Triangle, British Columbia, and within two km of the Red Line that is host to multiple world-class deposits. The property is on tide water 30 kilometres southeast of Stewart, B.C. The Homestake Ridge deposit and Dolly Varden silver mine (Dolly Varden Silver Corp.), and the Kinskuch project (Hecla Mining Company) are in close proximity.

Qualified person

Rein Turna, PGeo, is the qualified person as defined by National Instrument 43-101 for Goliath Resources projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.


All rock, channel and talus fine samples were crushed and pulverized at MSALABS' laboratory in Terrace, B.C. MSALABS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. The resulting sample pulps were analyzed for gold by fire assay and metallic screen fire assay in Langley, B.C. The pulps were also assayed using multielement aqua regia digestion at MSALABS' laboratory in Langley, B.C. The coarse reject portions of the rock samples, as well as the pulps, were shipped to Goliath Resources' storage facility in Terrace, B.C. All samples were analyzed using MSALABS' assay procedure ICP-130, a 1:1:1 aqua regia digestion with inductively coupled plasma atomic emission spectrometry (ICP-AES) or inductively coupled plasma mass spectrometry (ICP-MS) finish for 35 elements as well as the FAS-121 lead collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish. Any results greater than 100 parts per million for silver or 10,000 ppm copper, lead and zinc were additionally assayed using MSALABS' ICA-6xx method particular to each element. This method used an HNO3-HCl digestion followed by ICP-AES (or titrimetric and gravimetric analysis). Gold values of greater than 10 ppm Au were assayed by the FAS-425 method which includes a fire assay fusion procedure with a gravimetric finish. Samples with Au greater than five ppm were additionally analyzed using metallic screen fire assay with MSALABS' MSC-150 or MSC-350 method. Quality assurance/quality control samples, including blanks, standards and duplicate samples, were inserted regularly into the sample sequence.

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.

About Goliath Resources Ltd.

Goliath Resources is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi greenstone belt of Quebec. All of its projects are in world-class geological settings and geopolitically safe jurisdictions amenable to mining in Canada.

We seek Safe Harbor.

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