Announcement Date: 2022-01-11
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Goliath Resources Ltd.
Project name: Gold-digger
Location: Canada
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Drilling results incl. 35.72m @ 4.46g/t Au, 122.13g/t Ag, 0.02% Cu, 0.28% Pb, 0.31% Zn from 66.78m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – January 11, 2022 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report successful drill results from its 2021 maiden drill campaign on the Surebet discovery where a 100% of all 24 drill holes intersected significant intervals of Au-Ag polymetallic mineralization over 1 km of strike, 1.1 km down-dip and extended to 600 meters of vertical relief that remains open. Drill hole GD-21-03 intersected 6.37 gpt AuEq (4.46 gpt Au and 122.13 gpt Ag) over 35.72 meters* (reported in NR August 30, 2021) 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 the best hole from each 7 widely spaced drill pads assayed 9.42 gpt AuEq (6.66 gpt Au and 172.66 gpt Ag) over 6.43 meters* respectively. 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. This maiden drill campaign demonstrates the continuity and extensive scale of the high-grade gold-silver polymetallic mineralization of the Surebet Zone that remains open.
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