Dsm Syndicate 10% Owned BY Goliath Discovers Extensive High-Grade Vein System Assays up to 110 G/T GOLD (3.21 OZ/T)
DSM SYNDICATE 10% OWNED BY GOLIATH DISCOVERS EXTENSIVE HIGH-GRADE VEIN SYSTEM
ASSAYS UP TO 110 g/t GOLD (3.21 oz/t)
Toronto, Ontario – November 6th, 2018 – Goliath Resources Limited (TSX -V: GOT ) (OTCQB: GOTRF )
(Frankfurt: B4IE) (the “Company” or “Goliath”) is pleased to report channel, chip, and grab sample assay
results of up to 110 grams per ton gold (3.21 ounces per ton) from the Big Show Zone Vein system ,
measuring 2 km by 1 km . It remains open in all directions containing multiple large en -echelon gold-
bearing mineralized quartz veins . The Big Show Zone is located on the Gold Standard property , four
kilometres north of Bella Coola, British Columbia. Goliath Resources Limited owns a 10% interest in the
DSM Syndicate, a private precious metals project generator in British Columbia that owns 100% of six
properties, inclusive of the Gold Standard property.
2018 Highlights Include:
• Extensive new bedrock discovery in an area of recent snowpack and glacial abatement with no
historic work recorded.
• Discovery of the Big Show Zone , a large zone of prolific quartz veining that contains multiple
large en-echelon quartz veins that outcrop within a 2 km by 1 km zone that remains open in all
directions (link to video).
o Seven large shear zone hosted mineralized vein system s containing consistent high -
grade gold mineralization have been discovered to date.
o Vein Highlights include:
1. Vein system 1 (Kraken) assays up to:
• 71.8 g/t Au (2.1 oz/t), 64.4 g/t Ag, 72.6 g/t AuEq (0.5 Chip Sample)
• link to image
2. Vein system 2 (Goldzilla) assays up to:
• 110 g/t Au (3.21 oz/t), 934 g/t Ag, 121.8 g/t AuEq (Grab Sample)
• 10.8 g/t Au, 85.5 g/t Ag, 11.85 g/t AuEq (2m Chip Sample)
• link to image
3. Vein system 3 (Leviathan) assays up to:
• 96.8 g/t Au (2.8 oz/t), 429 g/t Ag, 106.7 g/t AuEq (Grab Sample)
• 26.9 g/t Au, 70.4 g/t Ag, 27.79 g/t AuEq (1.5 m Chip Sample)
• link to image
o Multiple other large veins were also discovered have yet to be sampled providing for
excellent additional gold potential.
• The Big Show Zone is situated within a large regional high strain zone, a corridor of brittle and
ductile deformation.
o A channel sample grab of chlorite-schist from within a 15 -metre-wide shear zone
returned 0.28 g/t Au over 0.15 meters (link to image).
• The geological setting and style of mineralization ; large gold-bearing mineralized veins and
shear zones are consistent with a mesothermal/orogenic system. These systems are often deep
rooted and are mined to depths of 1 to 3 kilometres or more (link to image).
• Approximately 67 % of Canadian gold production comes from this world class geologic setting,
with examples including the nearby Bralorne Pioneer Camp in British Columbia (4.17 Moz) and
many regions within the Canadian shield including Kirkland Lake (>40 Moz), Timmins (>70 Moz),
Val d’Or/Noranda (>69 Moz) and Red Lake camps (>29 Moz) (link to image).
• Based on the discovery of multiple new gold mineralized veins the claim block was recently
expanded from 690 Ha to 1774 Ha.
o The Gold Standard property is an original discovery located in a World Class Geological
setting that remains largely unexplored , providing for tremendous untapped gold
potential.
The Property was generated and staked by the DSM Syndicate in 2017 following positive results from a
brief reconnaissance exploration program. A limited follow-up program in 2018 was carried out to expand
on the 2017 mineralized zones and systematically p rospect the other unexplored regions of the claim
block. This resulted in the discovery of seven new shear-zone hosted en-echelon large quartz vein systems,
which remain open, confirming the tremendous untapped gold potential of the largely unexplored Gold
Standard property.
This mineralized system is part of a regional high strain zone, a brittle and ductile, sub-vertical shear
zone system. Localization of high strain zones within the system are associated with sheeted, oxidized,
sulphide-bearing quartz veins that have been identified in outcrop within a 2 km by 1 km zone, which
remains open in all directions. Discrete quartz veins trend up to 350 meters in length and are up to 5
meters thick. They host variable amounts of oxidized pyrite and disseminated pyrite with chalcopyrite.
Additionally, the shear zones are typically demarked by chlorite schist of up to 15 metres wide, where
a channel grab from a chlorite within a shear zone assayed 0.28 g/t Au over 0.15 meters. To date on
the Big Show, all seven large vein systems identified and sampled contain gold mineralization
During the brief program, a total of 15.2 metres of channel sampling was completed. Highlights are
reported in Table 1 and include a 0.5 metre channel sample containing 32.00 g/t AuEq (31.00 g/t Au, 83.90
g/t Ag). Additionally, thirty chip samples were taken with highlights including a 0.5 metre chip sample of
72.57 g/t AuEq (71.80 g/t Au, 64.40 g/t Ag) with six samples assaying over 10 g/t Au. Fifty-two grab samples
were collected with highlights including 121.84 g/t AuEq (110.00 g/t Au, 934.00 g/t Ag) and 106.68 g/t
AuEq (96.80 g/t Au, 429.00 g/t Ag).
Table 1 – Gold Standard Property Highlights
Sample # Channel/Chip/Grab1 Length
(metres)2
Gold
(g/t)
Silver
(g/t)
Copper
%
Gold
Eq3
(g/t)
Vein
System
Number
Vein
System
Name
W388888 Grab 110.00 934.00 0.42 121.84 2 Goldzilla
W496703 Grab 96.80 429.00 2.97 106.68 3 Leviathan
W495957 Chip 0.50 71.80 64.40 0.00 72.57 1 Kraken
W496900 Grab 40.50 117.00 0.70 43.02 3 Leviathan
W496949 Chip 0.50 39.00 300.00 0.24 42.96 2 Goldzilla
W496702 Grab 31.90 112.00 0.72 34.39 2 Goldzilla
W497438 Channel 0.50 31.00 83.90 0.00 32.00 2 Goldzilla
W386026 Chip 26.90 70.40 0.03 27.79 3 Leviathan
W495976 Grab 21.80 96.50 0.07 23.07 3 Leviathan
W494953 Chip 0.50 19.15 49.10 0.02 19.77 2 Goldzilla
W386031 Grab 17.40 75.40 0.66 19.36 3 Leviathan
W495987 Channel 0.25 16.15 72.20 0.37 17.61 3 Leviathan
W496948 Chip 0.50 15.85 118.00 0.11 17.44 2 Goldzilla
W495975 Grab 13.35 195.00 8.97 30.02 3 Leviathan
W386024 Chip 2.00 10.80 85.50 0.02 11.85 2 Goldzilla
W496898 Grab 9.20 31.20 0.00 9.57 2 Goldzilla
W500355 Grab 8.33 20.00 0.00 8.57 2 Goldzilla
W497436 Channel 0.22 6.87 48.70 0.10 7.61 2 Goldzilla
W495959 Chip 0.50 5.38 27.10 0.00 5.70 1 Kraken
W495955 Chip 0.50 4.94 6.20 0.01 5.03 1 Kraken
W386028 Float 4.20 21.00 0.07 4.56 3 Leviathan
W495958 Chip 0.50 4.19 8.40 0.00 4.29 1 Kraken
W386027 Float 3.68 28.60 0.70 5.14 3 Leviathan
W495983 Channel 0.40 3.46 22.40 0.00 3.73 3 Leviathan
W496701 Grab 3.30 18.50 0.59 4.46 3 Leviathan
W495954 Chip 0.50 3.24 14.20 0.01 3.43 2 Goldzilla
W497437 Channel 0.24 2.97 8.40 0.00 3.07 2 Goldzilla
W495979 Channel 0.50 2.93 11.60 0.30 3.55 3 Leviathan
W495981 Channel 0.30 2.90 14.00 0.01 3.08 3 Leviathan
W495984 Channel 0.50 2.51 12.90 0.03 2.71 3 Leviathan
W495952 Chip 0.50 2.38 12.10 0.00 2.52 2 Goldzilla
W500354 Grab 2.38 9.40 0.00 2.49 2 Goldzilla
W497446-7 Channel 0.44 2.22 6.24 0.02 2.33 2 Goldzilla
W495966 Chip 1.00 2.14 40.80 0.85 3.99 4 Titanoboa
W495968 Chip 0.50 2.12 11.90 0.58 3.19 4 Titanoboa
W495963 Grab 1.95 42.10 0.67 3.52 4 Titanoboa
W497444 Channel 0.22 1.89 5.00 0.00 1.95 2 Goldzilla
W495985-6 Channel 1.50 1.88 22.15 0.89 3.57 3 Leviathan
W496994 Grab 1.75 5.50 0.00 1.82 5 Hydra
W495988 Channel 1.00 1.71 23.80 1.70 4.71 4 Titanoboa
W496893 Grab 1.69 14.30 4.22 8.60 2 Goldzilla
W491657 Grab 1.65 3.80 0.00 1.70 2 Goldzilla
W497440 Channel 0.93 1.61 4.70 0.06 1.76 2 Goldzilla
W496894 Grab 1.46 7.20 0.71 2.68 2 Goldzilla
W496950 Chip 0.50 1.43 9.10 0.12 1.73 2 Goldzilla
W491656 Grab 1.39 5.00 0.00 1.45 2 Goldzilla
W497439 Channel 0.50 1.32 4.40 0.01 1.39 2 Goldzilla
W497435 Channel 0.44 1.31 4.60 0.00 1.37 2 Goldzilla
W497443 Channel 0.22 1.12 3.10 0.00 1.16 2 Goldzilla
W497433 Channel 0.46 1.11 215.00 0.00 3.68 2 Goldzilla
W500353 Grab 1.03 14.70 0.14 1.43 2 Goldzilla
W495977-8 Channel 1.50 0.86 2.60 0.07 1.00 3 Leviathan
1Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intende d to be
representative of the material sampled, 2True thickness of mineralized zone not known and
3AuEq metal values are calculated using: Au $1222.9/oz, Ag $14.63/oz, Cu $2.8499/lb
Gold Standard is situated within a regional corridor of brittle and ductile deformation that is proximal to
the boundary between the Intermontane and Insular superterranes, demarked by the Coast Shear Zone.
Prolonged faulting and shearing focused within this structural corridor that transects the Gold Standard
Property provided extensive conduits for mineralizing fluids and favourable sites for mineralization (link
to image). These mesothermal/orogenic characteristics are consistent with a gold-bearing mineralized
veins and shear zones. Deposits of this nature are found at the Bralorne Pioneer Mining Camp in British
Columbia (4.17 Moz) and many regions within the Canadian Shield including the Timmins, Val
d’Or/Noranda, and Red Lake camps. Typical deep-rooted mines in these camps extend to depths in excess
of 1 to 3 kilometers (link to image).
Based on very positive results on the Gold Standard property, a follow-up exploration program consisting
of comprehensive prospecting, mapping , and systematic reconnaissance geochemical sampling, ground
magnetics, and drone mapping is recommended. This surface program is in preparation for an inaugural
drill program to test this extensive high-grade gold system both along strike and to depth. The property is
in an alpine area with abundant bedrock exposure due to recent glacial and snowpack abatement and is
located only four kilometres from Bella Coola, BC , 1 km to tidewater and logging roads providing for
excellent proximity to infrastructure for cost effective exploration.
Qualified Person
Stephen Roach P. Geo 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.
Other
All rock, channel and talus fine samples were crushed and pulverized at ALS Canada Ltd.'s lab in
Vancouver, BC. ALS is either Cert ified 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 in Vancouver, BC. The pulps
were also assayed using multi-element aqua regia digestion at ALS Canada Ltd.'s lab in Vancouver, BC. The
coarse reject portions of the rock samples, as well as the pulps, were shipped to DSM Syndicate's storage
facility in Terrace, BC. All samples were analyzed using ALS Canada Ltd.'s assay procedure ME -ICP41, a
1:1:1 aqua regia digestio n 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 Au -AA24
lead collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish. Any results
greater than 100 ppm for silver or 10,000 ppm copper, lead and zinc were additionally assayed using ALS's
OG46 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 Au -
GRA22 method which includes a fire -assay fusion procedure with a gravimetric finish. QA/QC 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 selectiv e in nature and collected to determine the
presence or absence of mineralization and are not intended to be representative of the material sampled.
For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
President and Chief Executive Officer
Tel: +1-416-488-2887 x222
www.goliathresourcesltd.com
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