GOLIATH DRILLS 51.6 METERS* OF SULPHIDE MINERALIZATION INCLUDING MASSIVE GALENA IN QUARTZ VEINING AND BRECCIA EXPANDING THE SUREBET ZONE DISCOVERY, GOLDEN TRIANGLE, B.C. Drill Highlights: Classic Surebet Zone mineralization has been confirmed in 64 holes drilled from 16 pads
GOLIATH DRILLS 51.6 METERS* OF SULPHIDE MINERALIZATION INCLUDING
MASSIVE GALENA IN QUARTZ VEINING AND BRECCIA EXPANDING
THE SUREBET ZONE DISCOVERY, GOLDEN TRIANGLE, B.C.
Drill Highlights:
Classic Surebet Zone mineralization has been confirmed in 64 holes drilled from 16 pads
encompassing a 1.4 square kilometer area that consists of a combination of galena, sphalerite and
pyrrhotite in semi-massive to massive veins, stringers, interstitial within brecciated zones and/or as
stringers throughout the core; it remains open in all directions (see map below).
Hole GD-22-79 collared from Pad 1 (1.2 km step-out to the West from Surebet Main) intersected a
46.24 meter* interval consisting of quartz stockwork and breccia with strong interstitial-breccia
galena (locally up to 10 %), sphalerite (locally up to 30 %) and pyrrhotite (locally up to 30 %), the zone
remains open.
Hole GD -22-83 collared from Pad 17 (150 meters South of Surebet Main) intersected multiple
mineralized intervals including a 17.65 meter* and a 51.60 meter* interval consisting of quartz
veining, stockwork and breccia with strong localized interstitial-stockwork galena (locally up to 5%),
sphalerite (locally up to 5%) and pyrrhotite (locally up to 10%) the zone remains open.
Hole GD-22-77 collared from Pad 10 (600 meters step-out to the West from Surebet Main) intersected
two mineralized intervals including a 10.26 meter* and a 34.52 meter* interval consisting of quartz
veining, stockwork and breccia with interstitial-stockwork to semi-massive galena (locally up to 4%),
sphalerite (locally up to 7%) and pyrrhotite (locally up to 5%), the zone remains open.
Hole GD-22-60 collared from Pad 8 (750 meters step-out to the West from Surebet Main) intersected
a 14.19 meter* interval consisting of massive galena veins and stringers (up to 8%), massive to
stringer sphalerite (up to 5%) and intergrown blebby aggregates of pyrrhotite (up to 1%) , the zone
remains open.
Hole GD-22-63 collared from Midwest Pad (300 meters step-out to the West from Surebet Main)
intersected a 10.13 meter* interval consisting of quartz veining, stockwork and breccia with semi-
massive and stringers of galena (locally up to 8%), sphalerite (locally up to 10%) and pyrrhotite (locally
up to 10%), the zone remains open.
Hole GD-22-65 collared from Northwest Pad (500 meters step-out to the Northwest from Surebet
Main) intersected a 12.44 meter* interval consisting of quartz veining and stockwork with localized
interstitial-stockwork galena (locally up to 2%), sphalerite (locally up to 5%) and pyrrhotite (locally up
to 5%), the zone remains open.
Hole GD-22-36 collared from Pad 11 (950 meters Southwest of Surebet Main) intersected m ultiple
mineralized intervals including a 42.00 meter* interval hosted in the Hazelton Sediment units and a
3.00 meter* interval hosted in the Hazelton Volcanic flows. Both mineralized intervals consist of
quartz veining, stockwork and breccia with interstitial-stockwork and stringers of pyrrhotite (locally
up to 5%), sphalerite (locally up to 4%) and galena (locally up to 2 %), the zone remains open.
Hole GD-22-50 collared from Pad A (750 meters step-out to the South from Surebet Main, across the
Northeast Fault ) on the new Surebet East E xtension zone intersected two mineralized intervals
including a 11.35 meter* interval in the Hazelton Sediments and a 4 meter* interval in the Hazelton
volcanics consisting of quartz veining, stockwork and breccia with localized interstitial-stockwork
galena (up to 3%), sphalerite (up to 5%) and pyrrhotite (up to 7%); the zone remains open. This hole
intersected classic Surebet Zone style mineralization on both sides of the Northeast Fault ; an
additional pad has been added 300 meters to the East to drill -test an area where galena has been
observed in outcrop.
Hole GD-22-53 collared from the South Cliff Step -out Pad (300 meters step-out to the West from
Surebet Main) intersected a 67.59 meter* interval consisting of quartz veining, stockwork and breccia
with strong localized interstitial-stockwork pyrrhotite (locally up to 10%), sphalerite (locally up to 5%)
and galena (locally up to 2%), the zone remains open.
Hole GD -22-68 collared from Pad 16 (400 meters step-out to the Southwest from Surebet Main)
intersected two mineralized intervals inclusive of a 21.38 meter* and a 9.18 meter* interval
consisting of quartz-sulphide stockwork and veins with aggregates and stringers of galena (locally up
to 10%), sphalerite (locally up to 20%) and pyrrhotite (locally up to 40%), the zone remains open.
The vast majority of the holes being drilled in 2022 are focused on resource level infill drilling of the
Surebet Zone high-grade gold-silver discovery. ~ 27,000 meters of drilling is planned from 25 pad
locations and 86 holes using 5 drill rigs; over 20,000 meters have been completed to date. The
campaign has also been designed to test the outer parameters of the system over an area of 2.1 km
East-West by 2.5 km North-South (5.25 square kilometers).
Drilling has confirmed an extensive mineralizing system over 2.5 km North-South (between Pad J and
New Gold located 1 km North of North Rubble) and 2.1 km East-West (between Lake Pad and Pad J
located in the Extension Target). The system remains open in all directions. Assays are pending on all
2022 holes and will be released once received, compiled, and interpreted.
100% of all 24 holes drilled on the Surebet Zone during its 2021 maiden campaign totalling 5,332
meters intersected significant high-grade gold-silver mineralization over 1 km of strike and 1.1 km of
down dip extent. GD-21-03 intersected 6.37 gpt AuEq (4.46 gpt Au and 122.13 gpt Ag) over 35.72
meters*. 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.
Toronto, Ontario – August 12, 2022 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF)
(the “Company” or “Goliath”) is pleased to report observations from a series of drill holes that intersected
classic Surebet Zone mineralization over an area of 1.4 square kilometers that remains open on the Surebet
discovery at its 100% controlled Golddigger Property (the “Property”), Golden Triangle, B.C. To date, 64 drill
holes have intersected significant intervals of classic Surebet Zone sulphide mineralization consisting of a
combination of galena, sphalerite and pyrrhotite in semi-massive to massive veins, stringers, interstitial within
brecciated zones and/or as stringers throughout the rock. The extensive mineralizing system on Surebet has
been confirmed over 2.5 km North-South (between Pad J and New Gold located 1 km North of North Rubble)
and 2.1 km East-West (between Lake Pad and Pad J located in the Extension Target) for a total footprint of
5.25 square kilometers. The system remains open in all directions and drilling is ongoing. Assays are pending
on 2022 drill holes and will be reported once received, compiled, and interpreted.
Sixty-four (64) drill holes targeting the Surebet Zone from within a 1.4 square kilometer area extending
between Pad 11, Pad 1 and the outcropping Surebet Zone have intersected cla ssic Surebet Zone
mineralization and textures; the zone remains open (see map above). Highlights include drillhole GD-22-79
collared from Pad 1, the furthest pad to the West drilled to date (1.2 km step-out to the West from Surebet
Main) which intersected a 46.24 meter* interval from 337.86 meters to 384.10 meters consisting of quartz
stockwork and breccia with strong interstitial-breccia galena (locally up to 10%), sphalerite (locally up to 30%)
and pyrrhotite (locally up to 30%); and drillhole GD-22-83 collared from Pad 17 (150 meters South of Surebet
Main) which intersected multiple mineralized intervals including a 17.65 meter* interval from 87.47 meters
to 105.12 meters and a 51.60 meter* interval from 129.90 meters to 181.50 meters consisting of quartz
veining, stockwork and breccia with strong localized interstitial-stockwork galena (locally up to 5%), sphalerite
(locally up to 5%) and pyrrhotite (locally up to 10%). Several holes, including GD-22-83 (from Pad 17), GD-22-
77 (from Pad 10), G D-22-36 (from Pad 11) and GD -22-68 (from Pad 16) have intersected multiple zones
characterized by Surebet Zone style mineralization including galena, and textures, suggesting the presence of
multiple stacked mineralized shear zones part of the same mineral izing system that remains open in all
directions.
Roger Rosmus, Founder and CEO of Goliath Resources, states: “Intersecting classic Surebet Zone
mineralization in 64 holes over a 1.4 square kilometer area is a true testament to the continuity and magnitude
of this system at depth that remains open. To put this discovery into perspective, you can fit 262 football fields
into a 1.4 sq km area . In addition, the presence of comparable zones of similar mineralization and textures
observed in the East Ex tension zone continue to materially expand the known parameters of the Surebet
discovery and further confirm the large footprint of the Surebet system. With over 20,000 meters of drilling
completed to date we are on track to achieve our goal of ~27000 meters planned for our 2022 drill campaign.
We look forward to reporting assays once received, compiled, and interpreted on what has all the makings of
a world class discovery located in a geopolitical safe jurisdiction amenable to mining in Canada.”
Surebet Zone - Drill Interval Highlights
Pad ID Hole ID From
(m)
To
(m)
Interval
(m)
Host
Lithology
Mineralization
Pad 1 GD-22-79 337.86 384.10 46.24 Sediments
Quartz-sulphide breccia and stockwork
with semi-massive, interstitial and
stringers of galena, sphalerite and
pyrrhotite
Pad 17 GD-22-83
87.47 105.12 17.65 Sediments
Quartz-sulphide stockwork and veins
with semi-massive, interstitial or
stringers of galena, sphalerite and
pyrrhotite
129.9 181.50 51.60 Sediments
Quartz-sulphide breccia and stockwork
with semi-massive, interstitial or
stringers of galena, sphalerite and
pyrrhotite
Pad 10
GD-22-77
305.11 315.37 10.26 Sediments
Quartz-sulphide stockwork and veins
with semi-massive, interstitial-stockwork
galena, sphalerite and pyrrhotite
452.86 487.38 34.52 Sediments
Intermittent quartz-sulphide breccia and
stockwork with interstitial to semi-
massive galena, sphalerite and
pyrrhotite
Pad 8 GD-22-60 316.57 330.76 14.19 Sediments
Massive galena veins and stringers,
massive to stringer sphalerite and
intergrown blebby aggregates of
pyrrhotite