Goliath Resources Limited announced additional drilling results for 5 drill holes from its successful 2024 field campaign on its 100%-controlled Golddigger property (the “Property”), in the Golden Triangle, British Columbia. Excellent results from drill holes GD-24-262, GD-24-272 and GD-24-273 clearly confirm increased mineralization in the 180,000 m2 (720 x 612 x 410) high-grade Bonanza gold zone meters) to 341,000 m2 (835 x 685 x 612 x 410 meters), which remains open. Assays are still awaited for a total of 96 out of 105 drill holes, which are expected to be released in the immediate future once received, compiled and interpreted. Bonanza High-Grade Gold Zone: During the 3-month 2024 drilling campaign, the area of high-grade gold mineralization within the known Bonanza Zone (formerly described as the Bonanza High-Grade Gold Triangle) was expanded and almost doubled, going from a triangular area measuring 720 m by 612 m by 410 m to a rectangular area measuring 835 m by 685 m by 612 m by 410 m which remains open.
The 64 holes drilled in 2024 in this newly defined high-grade gold zone all intercepted significant mineralization, with 92% of the holes (or 59 of 64 holes) containing visible gold occurrences, demonstrating the excellent continuity of this vast high-gold system that remains wide open in all directions. Drill hole GD-24-262 from Goldsmith Pad intercepted four distinct sections of high-grade gold, silver and base metals corresponding to the Surebet and Bonanza zones, characterized by quartz breccias and rich veins in sulphides; these two areas remain largely open. Surebet Zone: 32.67 g/t AuEq or 1.05 oz/t AuEq (32.56 g/t Au and 8.92 g/t Ag) over 4.00 meters including 130.14 g/t Au or 4 .18 oz/t AuEq (129.77 g/t Au and 30.25 g/t Ag) over 1.00 meter.
Bonanza Zone 1: 13.34 g/t AuEq (13.11 g/t Au and 18.97 g/t Ag) over 6.00 meters including 15.99 g/t AuEq (15.71 g/t Au and 22.71 g/t Ag) over 5.00 meters and 39.34 g/t AuEq or 1.26 oz/t AuEq (38.67 g/t Au and 54.72 g/t Ag) over 2 meters. Bonanza Zone 2: 13.90 g/t AuEq (13.85 g/t Au and 3.59 g/t Ag) over 7.60 meters including 33.80 g/t AuEq or 1.09 oz/t AuEq ( 33.70 g/t Au and 8.21 g/t Ag) over 3.10 meters. Bonanza Zone 3: 3.15 g/t AuEq (3.08 g/t Au and 5.65 g/t Au) over 3.20 meters.
Drill hole GD-24-273 from Haymaker Pad in the easternmost portion of the Bonanza high-grade zone intercepted two distinct sections of high-grade gold, silver and base metals corresponding to the Surebet and Bonanza zones characterized by quartz breccias and sulphide-rich veins; both areas remain wide open. Surebet Zone: 5.97 g/t AuEq (5.46 g/t Au and 41.43 g/t Ag) over 5.15 meters including 8.77 g/t AuEq (8.06 g/t Au and 57 .41 g/t Ag) over 3.45 meters. Bonanza Zone: 4.85 g/t AuEq (4.64 g/t Au and 17.26 g/t Ag) over 8.90 meters including 6.66 g/t AuEq (6.38 g/t Au and 23 .23 g/t Ag) over 5.90 meters and 32.65 g/t Au or 1.0 oz/t AuEq (31.39 g/t Au and 102.45 g/t Ag) over 1.05 meters.
Drill hole GD-24-272 from Postman Pad in the northernmost portion of the Bonanza high-grade zone intercepted two distinct sections of high-grade gold, silver and base metals corresponding to the Surebet and Bonanza zones characterized by quartz breccias and sulphide-rich veins; both areas remain wide open. Surebet Zone: 4.70 g/t AuEq (1.53 g/t Au and 258.15 g/t Ag) over 4.00 meters including 6.20 g/t AuEq (2.02 g/t Au and 340 .88 g/t Ag) over 3.00 meters. Bonanza Zone: 2.22 g/t AuEq (0.8 g/t Au and 116.46 g/t Ag) over 8.00 meters including 5.64 g/t AuEq (2.03 g/t Au and 294 .14 g/t Ag) over 3.00 meters.
The continuity and predictability of this newly expanded thick gold horizon has already been tested by drilling where GD-23-197 assayed 34.03 g/t AuEq (1.09 oz/t AuEq) over 9 meters (published October 17 2023), GD-24-235 assayed 35.04 g/t AuEq (1.13 oz/t AuEq) over 5.25 meters (published July 30, 2024) and GD-24-249 assayed 30.55 g/t AuEq (0.98 oz/t AuEq) over 8.95 meters (published December 12, 2024). The new high-grade Bonanza Zone is located at the structural intersection of the Surebet Zone with the Bonanza Zone and outcrops on the surface 200 meters above the valley floor, at an elevation of 900 meters above grade. the sea. Drill holes GD-23-242, GD-24-252 and GD-24-275, all of which contain significant amounts of visible gold as well as considerable amounts of galena, sphalerite and chalcopyrite in wide intervals of quartz breccia and veins, are other highlights of the recently expanded high-grade gold Bonanza Zone.
Hole GD-24-242 intercepted over 10.86 meters in the Bonanza High-Grade Gold Zone between visible gold, semi-massive sphalerite and pyrrhotite, with some galena in a breccia of quartz-sulfide (results pending). Hole GD-24-252 intercepted brecciated intervals of semi-massive to massive pyrrhotite, sphalerite, galena and chalcopyrite over 15.15 meters in the Bonanza High-Grade Gold zone. Visible gold was observed in several sections of quartz-sulfide veins throughout the interval (assays in progress).
Hole GD-24-275 intercepted over 11.00 meters in the Bonanza High-Grade Gold Zone, with visible gold as well as brecciated sections of semi-massive sphalerite, galena and pyrrhotite that resemble the hole GD-23-197 which assayed 34.03 gt AuEq (1.09 oz/t AuEq) over 9 meters (results pending). The high-grade Bonanza gold zone remains open in all directions, including at depth, where the new deep zone has been discovered 1239m below the surface and just 480 meters above the valley floor. This area contains multiple quartz-sulfide veins and breccias with chalcopyrite, galena and sphalerite, demonstrating the enormous untapped discovery potential of the Surebet system which remains largely open.
The deepest mineralized interval intercepted to date is from a depth of 890 meters (1,239 kilometers below surface) and consists of a 1.75 meter interval between 890.90 and 892.65 meters with quartz veins and breaches. 892.65 meters with quartz veins containing significant amounts of chalcopyrite, galena and sphalerite and remains largely open. Analyzes of all holes that intersected the new deep zone are pending.
The Company hopes to continue to expand the mineralization at Surebet and improve the understanding of the geometry and controls of the mineralization through additional modeling as results become available in the immediate future. The discovery of RIRG mineralization (released December 12, 2024) clearly indicates the proximity to the source of this extensive mineralized system. Drilling in 2025 will focus on expanding the mineralization in all directions, including at depth towards the potential source of the fluids responsible for the extensive high-grade gold and silver mineralization at the Surebet discovery.
