Goliath Mobilized FOR Its 2019 Exploration and Drilling Season IN the Prolific Golden Triangle and Surrounding Area
GOLIATH MOBILIZED FOR ITS 2019 EXPLORATION AND DRILLING SEASON IN THE
PROLIFIC GOLDEN TRIANGLE AND SURROUNDING AREA
Toronto, Ontario – June 12, 2019 – Goliath Resources Ltd. (TSX -V: GOT) (FSE: B4IE) (OTCQB: GOTRF)
(the “Company or “Goliath”) is pleased to announce the crew has mobilized to Terrace, British Columbia
in preparation of its planned summer exploration and drilling season at its 100% controlled Golddigger
and Lucky Strike Projects.
The Golddigger property covers 14,220 hectares and is located on tide water 30 kilometres south east of
Stewart, British Columbia in the Golden Triangle. The exploration program for this year will focus on
expanding the dataset on the newly discovered Red Line Corridor and Goldswarm Breccia Zones in
preparation for drilling in 2020. Link to property video (Click Here).
Property highlights include:
• Within two kilometres of the unconformity between Lower Hazelton a nd Stuhini rocks, also
known as the “Red Line” , the key location where the vast majority of major deposits have been
found within the Golden Triangle (link to map);
• Grabs up to 113.50 g/t Au 249.00 g/t Ag;
• 0.55 m Channel grading 29.70 g/t Au and 14.30 g/t Ag (link to image);
• 0.40 m Channel grading 25.10 g/t Au and 126.00 g/t Ag (link to image);
• 0.50 m Chip grading 47.50 g/t Au and 272.00 g/t Ag (link to image);
• 0.50 m Chip grading 24.50 g/t Au and 77.10 g/t Ag (link to image).
The Lucky Strike property is 31,511 hectares in size that has logging road access, a few kilometers to a
major highway, power, rail and only 40 km north of Terrace, Bri tish Columbia by paved highway to
additional infrastructure. The objective of the upcoming planned diamond drill program will be to trace
the newly discovered Lorne Creek Au-Cu-Mo Porphyry System to depth at its outcropping mineralized
porphyry. Link to target video (Click Here).
Property highlights include:
• A mineralized Au-Cu-Mo porphyry centre has been confirmed that is defined by a large 1200 by
700 metre alteration system , that is cored by QSP (link to image ), containing gold-bearing
chalcopyrite and molybdenite stockwork mineralization;
o The gold, copper, and molybdenum grades from the Lorne Creek Porphyry system are
consistent with typical porphyry systems.
• The Lorne Creek Porphyry Discovery is at the headwaters of Lorne Creek, the most prolific placer
gold producer in the district.
• Historical placer gold production of 13,721 troy ounces and nuggets of up to 1.5 ounces gold
(see BC MINFILE No. 103I204, 103I050 and 103I207).
2
• Mapping has highlighted a spatial link between poly metallic Au/Pb/Zn/Cu/Ag (link to image )
veins and Cu -Mo porphyry centres . These veins are coincident with historically documented
porphyry related polymetallic veins in Lorne Creek. Link to samples video (Click Here).
• Along the headwaters of Lorne Creek, a series of silt sample s were taken during the 2017
season. These returned multi-element anomalies, including copper, molybdenum, and gold
values up to 40 6 ppb. A historic BC MINFILE report (No. 103l027) from this creek reports
angular, pyritized and quartz -veined boulders hosted in a molybdenum -rich porphyry
environment.
• The Lorne Creek Porphyry System is located within a larger known porphyry belt.
Mr. Roger Rosmus, CEO and Director of Goliath states:
“The newly discovered mineralized gold, copper, molybdenum porphyry core outcropping at surface is
an extremely rare find. Management believes this porphyry system to be t he source of the placer gold
that has been historically produced from Lorne Creek. This new discovery has already attracted interest
from several miners alike. With positive drilling results, the Lorne Creek Au-Cu-Mo Porphyry System is
poised to quickly evolve into the next big porphyry discovery. We are very excited and look forward to
reporting all of our 2019 results with much anticipation”.
Qualified Person
Stephen Roach P. Geo is the qualified person as defined by National Instrument 43 -101, for Goliath
exploration projects, and supervised the preparation of, and has reviewed and approved, the technical
information in this release.
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
General Disclaimer
Goliath Resources Limited "Goliath" has taken all reasonable care in producing and publishing
information contained in this news release and will endeavor to do so on a periodic basis. Material in this
news release may still contain technical or other inac curacies, omissions, or typographical errors, for
which Goliath assumes no responsibility. Goliath does not warrant or make any representations
regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information
on this site. Under no circumstances, including, but not limited to, negligence, shall Goliath be liable for
any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss
3
of programs, loss of data, loss of use o f computer of other systems, or loss of profits, whether or not
advised of the possibility of damage, arising from your use, or inability to use, the material from this
news release. The information is not a substitute for independent professional advice b efore making any
investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or
otherwise, any information on this site, except for personal use unless you have obtained our express
written permission.
Forward-Looking Statements
This news release contains forward-looking statements, including but not limited to comments regarding
predictions and projections. More particularly, this document contains statements concerning the
benefits of the listing of the Company's shares on OTCQB. Forward -looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements. The Company does not intend, and doe s
not assume any obligation, to update these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts res ponsibility for the
adequacy or accuracy of this release.