Announcement Date: 2023-08-15
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. 23m at 18.95g/t Au, 95.31g/t Ag, 0.01% Cu, 1.29% Pb, 1.37% Zn from 118m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Toronto, Ontario – August 15, 2023 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report assay results for drill hole GD-23-157 from the Golden Gate Feeder Zone at its 100% controlled Golddigger Property (the “Property”), Golden Triangle, B.C. Hole GD-23-157 collared from Cliff Pad within the Golden Gate Feeder Zone (500 m north of Pad A), intercepted Visible Gold mineralization containing 23.00 meters* of 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) including 14.00 meters* of 33.75 g/t AuEq (30.39 g/t Au and 150.42 g/t Ag) and 9.00 meters* of 50.27 g/t AuEq (45.27 g/t Au and 225.42 g/t Ag). The hole drilled through a sedimentary package consisting of interbedded mudstones and sandstones, crosscut by several dykes of intermediate composition. A multitude of sulfide and gold-rich quartz veins and breccias were intersected, which were hosted in altered siltstone characteristic of the Surebet Zone. The observed alteration style consists of chloritization in veins and silicification extending from vein margins within the host rock, consistently with previous high-grade occurrences from the Surebet Zone. Sulfide mineralization ranges from stockwork to semi-massive pyrrhotite, sphalerite, galena ± chalcopyrite and is particularly pronounced from 129 m to 131 m and 136 m to 137 m. The shallowest occurrence of Visible Gold was identified at 119 m depth, associated with patchy pyrrhotite mineralization. Eleven further Visible Gold occurrences were observed between 129 m and 139 m depth. The intercept reported in this news release is interpreted to be the Surebet Zone and is one of five mineralized intercepts intersected in GD-23-157. The assays for the remaining intercepts are pending and will be release as soon as they become available.
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