Goliath Intersects 10.62 g/t Gold Over 22.82 Meters, Drilling Maintains 100% Hit Rate, 95% Of Holes Contain Visible Gold, Remains Wide Open, Surebet Discovery, Golddigger Property, Golden Triangle, B.C.
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Goliath Intersects 10.62 g/t Gold Over 22.82 Meters, Drilling Maintains 100% Hit Rate,
95% Of Holes Contain Visible Gold, Remains Wide Open, Surebet Discovery,
Golddigger Property, Golden Triangle, B.C.
● 100% of the drill holes completed to date on Surebet have intersected substantial quartz -sulphide
mineralization and 95% of drill holes completed thus far in 2025 contain gold visible to the naked eye (“VG-
NE”). This clearly demonstrates the continuity and predictability of this expansive gold-rich system.
● Drilling at the Surebet Discovery has hit VG -NE in three distinct rock packages ( quartz-sulphide
breccias/stock work, RIRG Eocene-aged dykes and calc-silicate altered breccia) showing the untapped discovery
potential at this remarkable high-grade gold system that remains open.
● 65 drill holes have been completed for a total of 45,000 meters in 2025, with only 50 holes remaining totaling
15,000 meters. With roughly 1 month remaining, Goliath is on target to complete its planned up to 60,000 meter
drill program with 9 rigs actively turning. Assays are pending for 55 drill holes completed to date.
● Since drilling started in 2021, many holes have returned impressive metal factors with 9 holes delivering greater
than 200 grams*meters (“g*m”) and up to 1346 g*m, 11 holes greater than 150 g*m, 25 holes greater than 100
g*m, 31 holes greater than 75 g*m and 61 holes greater than 50 g*m have been drilled on the Surebet Discovery
that remains wide open
● The Surebet Discovery has widespread drill holes over an area of 1.8 km2 or greater than half the size of Central
Park, New York City returning high metal factors showing it has the potential to be one of the most important
high-grade gold discoveries in the Golden Triangle since the Eskay Creek discovery.
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● Drill hole GD-25-337 intersected 10.60 g/t Au over 22.82 meters (a 242 grams*meters hole), including 15.19 g/t
Au over 15.71 meters, including two separate intervals consisting of 37.28 g/t Au or 1.20 oz/t Au over 3.36
meters and 36.11 or 1.16 oz/t Au over 3.08 meters . From the andesite unit below the Bonanza Zone which
contains multiple occurrences of widespread VG-NE between 113.00 meters and 135.82 meters, hosted within
a zone of dense calc-silicate veins with moderate amounts of sphalerite, pyrrhotite and pyrite. The intercept is
approximately true width, and t hese assays reflect gold only (AuEq value in the interval will be adjusted
accordingly once Ag, Cu, Pb and Zn are received).
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● Drill hole GD-24-277 intersected 12.16 g/t Au over 6 meters, including 18.22 g/t Au over 4.00 meters hosted in
a strongly calc-silicate altered andesite unit from 114.00 meters to 120.00 meters containing substantial quartz-
sulphide veining as well as multiple occurrences of VG-NE part of the Bonanza Zone. This hole was part of the
re-logging program. The intercept is approximately true width, and these assays reflect gold only (AuEq value
in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received).
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● Drill hole GD -25-318 intersected 11.03 g/t Au over 5.7 meters within a zone of substantial quartz-sulphide
mineralization from 341.00 m eters to 346.70 m eters with multiple occurrences of VG-NE. The mineralized
interval consists of strongly altered sandstone with quartz -sulphide stockwork and breccia, containing
moderate amounts of sphalerite and pyrrhotite, part of the Bonanza Zone located at the contact between
sedimentary and volcanic units and remains open. The intercept is approximately true width, and these assays
reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received).
● Drill hole GD -25-343 intersected 10.08 g/t Au over 5.00 meters consisting of strongly calc -silicate altered,
sheared andesite with quartz -sulphide veins containing moderate amounts of pyrrhotite and chalcopyrite as
well as bismuth minerals and VG-NE from the Bonanza Zone located at the contact between sedimentary and
volcanic units. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the
interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received).
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● Drill hole GD-25-334 intersected 6.85 g/t Au over 6.00 meters from a zone of quartz-sulphide veins containing
multiple occurrences of VG-NE and mineralized with substantial amounts of sphalerite, chalcopyrite and galena
hosted within the sandstone unit believed to be part of the Surebet Zone. The intercept is approximately true
width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu,
Pb and Zn are received).
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● High-grade gold has been identified in three distinct rock packages discovered to date on Surebet. This includes
the gently dipping gold-rich stacked quartz-sulphide breccias/stock work veins, the gold -rich intermediate to
felsic Eocene-aged Reduced Intrusive Related Gold (RIRG) dykes, and the recently discovered broad gold-rich
zones of calc-silicate altered breccia, all of which contain substantial amounts of VG-NE and remain wide open
for expansion. This confirms the presence of a Motherlode magmatic source at depth, a causative intrusion
responsible for the extensive 1.8 km2 high-grade gold system at Surebet.
● The 2025 planned campaign is under way and consists of up to 60,000 meters of systematic drilling with 9 drill
rigs. The campaign aims at expanding the full geometry of the Surebet Discovery laterally and to depth. 100%
of the drilling will be focused on the Surebet Discovery, where the Company has designed a detailed drill plan
that will consist of:
o Testing for the Motherlode Magmatic intrusive gold source;
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o Testing an additional 13 Eocene-aged dykes observed on the surface that have never been drill tested
for RIRG mineralization;
o Infill drilling with the goal of increasing pierce points density in all known stacked veins with a particular
focus on the highest-grade areas from the Bonanza Zone and Surebet Zone intersection domain;
o Testing zones where the RIRG dykes and gently dipping veins crosscut which are being called Goldilocks
Zones as they are key locations where there are two styles of gold mineralization enriching the zones ;
and
o Expanding the known mineralized veins laterally and to depth where they currently remain open.
Toronto, Ontario – August 26, 2025 – Goliath Resources Limited (TSX -V: GOT) (OTCQB: GOTRF) (FSE: B4IF) ( the
“Company” or “Goliath”) is excited to announce assay results from drill hole GD-25-337 which intersected 10.60 g/t Au
over 22.82 meters, including 15.19 g/t Au over 15.71 meters, including two separate intervals consisting of 37.28 g/t Au
or 1.20 oz/t Au over 3.36 meters and 36.11 or 1.16 oz/t Au over 3.08 meters at Surebet on the 100 % controlled Golddigger
Property (the “Property”), Golden Triangle, British Columbia. 100% of the drill holes completed to date on Surebet have
intersected substantial quartz -sulphide mineralization as well as 9 5% of the 2025 drill holes contain VG-NE, clearly
demonstrating the exceptional discovery potential remaining on the property. Drilling has been completed for 65 holes
(45,000 meters) during the 2025 drill season, with 50 holes remaining (15,000 meters). With roughly 1 month remaining,
the Company is on target to complete the planned up to 60,000 meter program with 9 rigs actively drilling. The intercepts
reported are approximately true width, and reflect gold only assays (AuEq values will be adjusted accordingly once Ag, Cu,
Pb and Zn are received).
Dr. Quinton Hennigh, Geologic & Technical Advisor to Crescat Capital, a strategic investor in Goliath, states: “Goliath’s
exploration team, having synthesized a detailed model of the Surebet high -grade mineralizing system after the 2024
season, was thoroughly prepared to undertake an aggressive, highly focused drill program this season. The success rate of
mineralized intercepts encountered thus far is remarkable, and now we see the fruits of this work in the form of exceptional
assays coming back from early holes. Surebet is now continually delivering strong results, a trend I expect to continue given
this update.”
Mr. Roger Rosmus, Founder & CEO of Goliath states: “The more we drill at the Surebet the better it gets with pleasant
surprises along the way, which is a good rule of thumb about how new discoveries can become future mines. Most notably,
the Surebet Discovery has widespread drill holes with gold visible to the naked eye and several containing high gram x
meter assays. It is becoming abundantly clear to our team that Surebet is emerging as the most important grassroots high-
grade gold discoveries in the Golden Triangle of British Columbia since the Eskay Creek discovery. We still have many holes
with assays pending and are progressing toward completing our up to 60,000 meter drill program in 2025. This year's
drilling campaign is shaping up to be our most impressive yet at the Surebet high -grade gold discovery. At this point we
have only reported 7 holes of the 115 planned holes for 2025. We look forward to substantial assay news flow from this
years aggressive drilling program.”
Recent results have returned exceptional high-grade gold from drill hole GD-25-337, which intersected 10.60 g/t Au over
22.82 meters (242 gram*meter hole), including 15.19 g/t Au over 15.71 meters, including two separate intervals consisting
of 37.28 g/t Au or 1.20 oz/t Au over 3.36 meters and 36.11 or 1.16 oz/t Au over 3.08 meters from the andesite unit. Which
is below the Bonanza Zone containing multiple occurrences of widespread VG-NE between 113.00 meters and 135.82
meters hosted within a zone of dense calc-silicate veins with moderate amounts of sphalerite, pyrrhotite and pyrite .
Additional drill results have expanded the high-grade gold mineralization within the Bonanza Zone and associated
structures, with several drill holes returning significant intercepts. Notably, drill hole GD-24-277 intersected 12.16 g/t Au
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over 6.0 meters, including a high-grade core of 18.22 g/t Au over 4.00 meters, hosted in a strongly altered andesite unit.
This mineralization at the contact between sedimentary and volcanic rocks corresponding to the Bonanza Zone was further
confirmed by hole GD-25-318, which intersected 11.03 g/t Au over 5.7 meters, hole GD-25-343, which returned 10.08 g/t
Au over 5.0 meters , as well as hole GD-25-334 which intersected 6.85 g/t Au over 6.00 meters. The exceptional grades
coupled with VG-NE within substant ial quartz -sulphide veins, stockworks, and breccias, which are mineralized with
sphalerite, pyrrhotite, and chalcopyrite, highlight the excellent potential for further resource expansion.
Table 1: Assay highlights from 2025 drill holes reported in this news release.
Hole ID From (m) To (m) Interval (m) Au (g/t)
GD-25-337
Interval 113.00 135.82 22.82 10.60
including 120.11 135.82 15.71 15.19
including 120.11 123.47 3.36 37.28
and 132.74 135.82 3.08 36.11
GD-25-318 Interval 341.00 346.70 5.70 11.03
GD-25-343 Interval 612.00 617.00 5.00 10.08
GD-25-334 Interval 413.00 419.00 6.00 6.85
GD-24-277 Interval 114.00 120.00 6.00 12.16
Including 115.00 119.00 4.00 18.22
High-grade gold mineralization has been confirmed in three distinct rock packages at the Surebet Discovery, which include:
gently-dipping gold-rich mineralized stacked quartz-sulphide breccias/stock work veins; gold-rich intermediate to felsic
Eocene-aged RIRG dykes that crosscut the veins; and the broad zones of calc -silicate altered breccia. All three rock
packages contain substantial amounts of VG-NE and remain wide open , w hich strongly indicates the presence of a
Motherlode magmatic causative source at depth responsible for the widespread high -grade gold mineralization at the
Surebet Discovery.
Table 2: Collar information for drill holes reported in this news release.
Hole ID CRS Northing (m) Easting (m) Elevation (m) Azimuth (deg) Dip (deg) Length (m)
GD-25-343 NAD83 / UTM zone 9N 6162734 457228 1481 138 50 660
GD-25-337 NAD83 / UTM zone 9N 6162509 457818 1141 244 62 370
GD-25-334 NAD83 / UTM zone 9N 6162734 457228 1481 128 66 696
GD-25-318 NAD83 / UTM zone 9N 6162964 456710 1635 105 77 662
GD-24-277 NAD83 / UTM zone 9N 6162440 457701 1133 0 80 990
The 2025 planned campaign is under way and consists of up to 60,000 meters of systematic drilling with 9 drill rigs. The
campaign aims at expanding the full geometry of the Surebet discovery laterally and to depth. 100% of the drilling will be
focused on the Surebet Discovery, where the Company has designed a detail ed drill plan that will consist of: testing for
the Motherlode Magmatic intrusive gold source; testing an additional 13 Eocene-aged dykes observed on the surface that
have never been drill tested for RIRG mineralization; infill drilling with the goal of in creasing pierce points density in all
known stacked veins with a particular focus on the highest -grade areas from the Bonanza Zone and Surebet Zone
intersection domain; testing zones where the RIRG dykes and gently dipping veins crosscut which are being called
Goldilocks Zones as they are key locations where there are two styles of gold mineralization enriching the zones; and
expanding the known mineralized veins laterally and to depth where they currently remain open.