GOLIATH DRILLS VISIBLE GOLD IN MULTIPLE HOLES AT SUREBET ZONE AND EAST EXTENSION ZONE, GOLDEN TRIANGLE, B.C. DRILL HIGHLIGHTS: Multiple flakes and/or grains of visible gold have been identified within intercepts on both sides of
GOLIATH DRILLS VISIBLE GOLD IN MULTIPLE HOLES AT SUREBET ZONE
AND EAST EXTENSION ZONE, GOLDEN TRIANGLE, B.C.
DRILL HIGHLIGHTS:
Multiple flakes and/or grains of visible gold have been identified within intercepts on both sides of
the Northeast fault from Pad A and South Cliff Stepout Pad independently confirmed by the Colorado
School of Mines . The occurrence of visible gold strongly indicates a potential for very high-grade
intervals and the Classic Surebet Zone mineralization has now been confirmed over a 1.6 squared
kilometre area (see map below).
Hole GD-22-49 has several flakes and/or grains of visible gold in the upper 8.14 meter* interval
collared from Pad A on the East side of the Northeast Fault. It intersected a total of two separate
mineralized intervals of 8.14 and 0.13 meters* in the Hazelton Sediments and ending with a 3.50
meter* mineralized interval in Hazelton Volcanics. The intervals consist of quartz veining, stockwork
and breccia with strong localized interstitial-stockwork pyrrhotite (locally up to 20 %), sphalerite
(locally up to 15 %) and galena (locally up to 10 %).
Hole GD-22-58 has flakes and/or grains of visible gold in a 15.11 meter* interval collared from
South Cliff Step-out Pad on the West side of the Northeast Fault. The interval consists of quartz
veining, stockwork and breccia with strong localized interstitial-stockwork pyrrhotite (locally up to
20 %), sphalerite (locally up to 15 %) and galena (locally up to 10 %).
Hole GD-22-86 collared from Pad 10 intersected a 194.43 meter* interval consisting of quartz-
sulphide breccia and stockwork with semi-massive, interstitial and stringers of sphalerite (up to 5 %)
pyrrhotite (up to 15 %) and galena (up to 3 %).
Hole GD-22-91 collared from Pad 13 intersected three separate mineralized intervals including a
20.58, 19.28 and 9.80 meter* interval consisting of quartz veining, stockwork and breccia with
stringers and interstitial-stockwork sphalerite (locally up to 5 %), pyrrhotite (locally up to 5 %) and
galena (locally up to 10 %).
Hole GD-22-84 collared from Real Deal Pad intersected three mineralized intervals including a 2.70,
23.29 and 14.94 meter * interval consisting of quartz-sulphide breccia and stockwork with semi-
massive, interstitial and stringers of pyrrhotite (up to 20 %), sphalerite (up to 10 %) and galena (up to
1 %).
Hole GD-22-93 collared from Pad 5 intersected a 5.44 meter* interval consisting of quartz -breccia
and stockwork with aggregates and interstitial sphalerite, pyrrhotite, galena and chalcopyrite.
Hole GD-22-92 collared from West of Northeast Fault Pad intersected a series of mineralized veins up
to 25 centimeters* wide within both the sedimentary units as well as the volcanic units underneath.
These veins commonly contain semi-massive to massive pyrrhotite, galena and sphalerite.
Hole GD-22-101 collared from Pad G intersected an 82.60 meter* interval consisting of a series of
pyrrhotite and sphalerite rich veins, including stringers and semi-massive to massive sulphides.
Classic Surebet Zone 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 core has been confirmed in 72 holes drilled from 20 pads over an area of 1.6 square
kilometers in the Hazelton Sedimentary and Volcanics Group that remains open in all directions (see
map above).
INDICATED PORPHYRY FEEDER SOURCE AT DEPTH:
Strong potassic alteration, the presence of K -feldspar in combination with sulphides in the deeper
parts of several drill holes from 2021/2022 and the elevated molybdenum numbers assayed in a
number of drill holes from 20 21 strongly indicate the presence o f a porphyry core feeder source
beneath the east -central part of the Surebet Zone providing for excellent additional discovery
potential.
GOLDSWARM DISCOVERY:
Goliath’s crew together with an independent geologist (PhD, P . Geo) found compelling evidence
that the steeply dipping high-grade gold bearing quartz breccia Goldswarm Zone is directly related
to Surebet and might be part of the same mineralizing system, including similar mineralization,
textures and structures. Its located ~4 kilometers along-strike to the North of the Surebet Zone.
Grab samples assayed up to 54.30 gpt Au and channel samples assayed up to 29.7 gpt Au and 14.30
gpt Ag over 0.55 meters. The geologic team strongly recommends drilling this high-grade gold
target in 2023 (see images on pages below).
METALLURGICAL STUDY:
The metallurgical study performed on a composite sample of combined core from 16 diamond drill
holes completed in 2021 has demonstrated at a 150 micron crush, 98.2 % of the gold is recoverable
without the need of acid leaching making for a relatively low-cost and environmentally friendly
mining scenario.
Gravity recovery alone captures an impressive 38.1 % of gold and 10.5 % of silver. This indicates that
a processing scheme employing early gravity recovery should produce considerable gold in the form
of doré bars. Gravity recovery is generally the most cost-efficient means of gold recovery in the mining
industry.
The current modelled geometry of the Surebet Zone indicates that it could possibly be mined
underground using gravity to patriate the gold and silver.
PROPERTY HIGHLIGHTS: KEY INFRASTRUCTURE
The Surebet Zone is in an excellent location close to tide water in close proximity to Prince Rupert
international seaport and in close proximity to other key infrastructure including the Dolly Varden
Silver Mine Access Road (8 kilometers to the East), the Alice Arm tide water barge landing (20
kilometers to the South) and high-tension power (25 kilometers to the East).
The drilling and data continue to demonstrate the presence of a n ex tensive mineralizing system
drilled and confirmed over and area of 5.2 5 square kilometers that remains open in all directions .
Assays are pending and will be released once received, compiled, and interpreted.
The extensive mineralizing system 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) The system remains open in all directions (see map above).