Drill Hole GD-23-133 Highlights:
~1 mm nugget of Visible Gold was intercepted at 71.42 meters in a mineralized quartz-sulphide-rich breccia interpreted to be a splay from the Bonanza Shear within the Surebet Golden Gate Feeder Zone (see images below).
GD-23-133 collared from Pad TS-3 intersected 12.47 meters* of highly mineralized quartz-sulphide- rich breccia containing galena-sphalerite-pyrrhotite from 27.4 to 39.87 meters (located 125 meters to the southeast of Pad A, 2022 drill season). A second quartz-sulphide-rich breccia interval was intercepted between 70.73 and 71.9 meters, hosted by altered intermediate volcanic rocks which contained pyrrhotite-galena-sphalerite-pyrite. Within this interval, a 1 mm nugget of visible gold was identified at a 71.42 meter depth.
This is the fourth hole of the 2023 season from within the Surebet Golden Gate Feeder Zone to intercept Visible Gold inclusive of significant widths of highly mineralized quartz-sulphide-rich breccia (see map below).
This is the sixth hole containing Visible Gold from within the Surebet Golden Gate Feeder Zone that include: (GD-22-49, GD-22-58 drilled in 2022; assays below) and (GD-23-111, GD-23-118, GD-23-126 drilled in 2023).
2022 Visible Gold Hole Assays - Surebet Golden Gate Feeder Zone:
GD-22-58 had a 273 AuEq x gm value intersecting Visible Gold and 24.80 gpt AuEq (22.03 gpt Au and 127.62 gpt Ag) over 11.00 meters*, including 38.70 gpt AuEq (34.42 gpt Au and 197.45 gpt Ag) over 7.00 meters* and 44.47 gpt AuEq (39.60 gpt Au and 224.10 gpt Ag) over 6.07 meters* located in the Golden Gate Feeder Zone from 2022.
GD-22-49 had a 166 AuEq x gm value intersecting Visible Gold and 21.30 gpt AuEq (20.46 gpt Au and 40.06 gpt Ag) over 7.77 meters*, including 27.55 gpt AuEq (26.47 gpt Au and 51.55 gpt Ag) over 6.00 meters* located in the Golden Gate Feeder Zone from 2022.
TORONTO, July 12, 2023 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the "Company" or "Goliath") is pleased to report it has drilled visible gold and 12.47 meters* of highly mineralized quartz-sulphide-rich breccia from hole GD-23-133 within the Surebet Golden Gate Feeder Zone at its 100 % controlled Golddigger property (the "Property"), Golden Triangle, British Columbia. This intercept is interpreted to be a splay from the Bonanza Shear that remains open. Visible gold has been reported from a total of six holes drilled to date within the Surebet Golden Gate Feeder Zone, inclusive of: GD-22-49, GD-22-58, GD-23-111, GD-23-118, GD-23-126 and GD-23-133.
Hole GD-23-133 (assays pending) was collared from Pad TS-3 intersected 12.47 meters* of highly mineralized quartz-sulphide-rich breccia containing galena (up to 10 %), sphalerite (up to 15 %) and pyrrhotite (up to 20%) from 27.4 to 39.87 meters (located 125 meters to the southeast of Pad A, 2022 drill season). A second mineralized quartz-sulphide-rich breccia interval was recognized between 70.73 and 71.9 meters, hosted by altered intermediate volcanic rocks which contained pyrrhotite (up to 5 %), galena (up to 5 %), sphalerite (up to 3 %) and pyrite (up to 1 %). Within this interval a 1 mm nugget of visible gold was identified at a 71.42 meter depth.
All the occurrences of Visible Gold to date have been identified within quartz-breccia and veins in contact with or in close proximity to sphalerite and/or galena mineralization. The occurrence of visible gold has previously been independently confirmed in 2022 by the Colorado School of Mines with whom the Company is collaborating on a project aimed at determining the origin and evolution of the gold mineralizing fluids at Surebet.
Golddigger Property
The Golddigger Property is 100 % controlled covering an area of 59,089 hectares (146,012 acres) and is in the world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia and within 3 kilometers of the 'Red Line' that is host to multiple world class deposits. The Surebet discovery is in an excellent location in close proximity to the communities of Alice Arm and Kitsault where there is permitted mill site on private property. Its situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power. Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the East of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport with supplies.
Qualified Person
Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.
Other
Oriented HQ-diameter or NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area, and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM software and data from the 2017-2022 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. Standards, blanks and duplicates were added in the sample stream at a rate of 10%.
Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence at a rate of 10%.
All samples are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the ALS labs facilities in North Vancouver. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. At ALS samples were processed, dried, crushed, and pulverized before analysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61 method, a prepared sample is digested with perchloric, nitric, hydrofluoric and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits were re-analyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21 a large volume of sample is needed (typically 1-3kg). The sample is crushed and screened (usually to -106 micron) to separate coarse gold particles from fine material. After screening, two aliquots of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous and well represented by the duplicate analyses. The entire coarse fraction is assayed to determine the contribution of the coarse gold.
The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.
About Goliath Resources Limited
Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1-416-488-2887
roger@goliathresources.com
* Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and AuEq metal values are calculated using: Au 1644.08 USD/oz, Ag 19.23 USD/oz, Cu 3.47 USD/lbs, Pb 1870.50 USD/ton and Zn 2882.50 USD/ton on October 28, 2022. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath's project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. (Bothell, Washington), dated May 29, 2020. Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath's Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.
鑽孔 GD-23-133 亮點：
在71.42米處截獲了約1毫米的Visible Gold金塊，在富含石英硫化物的角礫岩中，該角礫岩被解釋爲來自Surebet Golden Gate Feeder Zone內的Bonanza Shear的溢出（見下圖）。
來自 Pad TS-3 的 GD-23-133 從 27.4 米到 39.87 米處相交 12.47 米* 的高度礦化石英-硫化物含有 galena-sphalerite-pyrhotite 的角礫岩 （位於 2022 年演習季的 Pad A 東南 125 米處）。 在70.73至71.9米之間攔截了第二個富含石英硫化物的角礫岩間隔，由經過修改的中間體主持 含有 pyrhotite-galena-sphalerite-黃鐵礦的火山岩。在這段時間內， 在71.42米深處發現了一塊1毫米的可見金塊。
這是 2023 賽季從 Surebet Golden Gate Feeder Zone 內攔截可見金的第四個洞，包括大量高度礦化的富含石英硫化物的角礫岩 (見下面的地圖).
這是第六個含有來自 Surebet Golden Gate Feeder Zone 的可見金的洞，其中包括：（GD-22-49、GD-22-58 於 2022 年鑽探；分析見下文）和（GD-23-111、GD-23-118、GD-23-126 於 2023 年鑽探）。
2022 年可見金洞分析——Surebet 金門支線區：
GD-22-58 有一個 273 aueQ x gm 值與 Visible Gold 和 24.80 gpt aueQ（22.03 gpt Au 和 127.62 gpt Ag）相交 11.00 米*， 包括超過 7.00 米* 的 38.70 gpt aueQ（34.42 gpt Au 和 197.45 gpt Ag）和超過 6.07 米的 44.47 gpt aueQ（39.60 gpt Au 和 224.10 gpt Ag），位於 2022 年起位於金門支線區。
GD-22-49 的 aueQ x gm 值與 Visible Gold 和 21.30 gpt aueQ（20.46 gpt Au 和 40.06 gpt Ag）相交 7.77 米*， 包括自 2022 年起位於金門支線區的 6.00 米以上的 27.55 gpt aueQ（26.47 gpt Au 和 51.55 gpt Ag）*。
多倫多，2023 年 7 月 12 日（GLOBE NEWSWIRE）— Goliath Resources Limited（多倫多證券交易所股票代碼：GOT）（OTCQB：GOTRF）（FSE：B4IF） （那個 “公司” 要麼 “巨人”) 很高興地向大家報告 鑽出的可見金和12.47米*的高度礦化石英硫化物的角礫岩 來自 Surebet Golden Gate Feeder Zone 內的 GD-23-133 洞，位於其 100% 控制的 Golddigger 物業（ “財產”), 金三角, 不列顛哥倫比亞省.這次攔截被解釋爲 Bonanza Shear 的猛擊，它仍然處於打開狀態。 據報道，迄今爲止，在Surebet Gate Feeder Zone總共鑽了六個洞，其中包括：GD-22-49、GD-22-58、GD-23-111、GD-23-118、GD-23-126 和 GD-23-133。
GD-23-133 洞（分析待定）是從 Pad TS-3 交叉處挖出來的 12.47 米*的高度礦化石英硫化物角礫岩，含有方鉛礦（最多 10%）、閃鋅礦（最多 15%）和黃鐵礦（最多 20%） 從 27.4 米到 39.87 米 （位於 2022 年演習季的 Pad A 東南 125 米處）。在兩者之間發現了第二個礦化石英-硫化物富含角礫岩間隔 70.73 和 71.9 米，由經過修改的中間體主持 含有黃鐵礦（最多 5%）、方鉛礦（最多 5%）、閃鋅礦（最多 3%）和黃鐵礦（最多 1%）的火山岩。在這段時間內，在71.42米的深度發現了一塊1毫米的可見金塊。
迄今爲止，所有可見金的出現都是在石英角礫岩和礦脈中發現的，這些礦脈與閃鋅礦和/或方鉛礦化相接觸或附近。科羅拉多礦業學院此前已在2022年獨立證實了可見金的存在，該公司正在與科羅拉多礦業學院合作開展一個旨在確定Surebet金礦化液的起源和演變的項目。
淘金者地產
Golddigger Property由100％控制，佔地59,089公頃（146,012英畝），位於不列顛哥倫比亞省金三角內的埃斯凱裂谷的世界一流地質環境中，距離擁有多個世界級礦牀的 “紅線” 不到3公里。Surebet的發現地理位置優越，靠近Alice Arm和Kitsault社區，那裏的私有財產上有允許的磨坊。它位於潮汐水上，可通過駁船直接通往魯珀特王子港（通過天文臺入口/波特蘭灣190公里）。基索鎮可通過公路進入（距離 Terrace 190 公里，距離魯珀特王子港 300 公里），擁有駁船着陸點、碼頭和基礎設施，可容納至少 300 人，包括高壓電力。該地區的其他基礎設施包括Dolly Varden Silver Mine Road（Surebet發現以東僅7公里），該路可直接通往Alice Arm駁船着陸點（Surebet發現號以南18公里）和高壓電源（Surebet發現以東25公里）。特雷斯市（人口16,000人）提供通往鐵路、主要高速公路和機場的通道，提供物資（食物、燃料、木材等），而魯珀特王子鎮（人口爲12,000人）位於西海岸，設有一個國際集裝箱海港，也可以直接通往鐵路和一個提供補給品的機場。
合格人員
根據國家儀器 43-101 的定義，Rein Turna P. Geo 是 Goliath Resource Limited 項目的合格人員，負責監督本新聞稿中技術信息的編寫，並已審查和批准。
其他
鑽探活動產生的定向HQ直徑或NQ直徑的金剛石鑽芯由公司簽約的鑽探人員放置在岩心箱中。核心箱由直升機運送到集結區，然後用卡車運送到核心小屋。然後重新調整岩心方向，檢查計量塊，標記儀表標記，進行恢復和RQD測量，記錄和測量包括靜脈、堤壩、裂縫和剪切在內的初級鋪層和次要結構特徵。然後在 MX DepositTM 中對核心進行描述和轉錄。計劃使用Leapfrog GeoTM和QGISTM軟件以及2017-2022年勘探活動的數據進行鑽孔。對含有石英角礫岩、原料、脈紋和/或硫化物或明顯改變的鑽芯進行採樣，長度爲0.5至1.5米。將岩心樣品縱向切成兩半，一半留在盒子裏，另一半插入帶有樣品標籤的乾淨塑料袋中。標準品、空白和重複項以 10% 的比率添加到樣本流中。
抓取、通道、芯片和距骨樣本是在直升機的協助下徒步採集的。潛在區域包括但不限於與MinFile位置的距離、砂溪礦點、區域土壤異常以及基於高分辨率衛星圖像的潛在山脈。岩石採集和碎片樣本是使用巖錘或錘子和鑿子提取的，以露出新鮮的表面並釋放出介於0.5至5.0千克之間的樣本。所有樣本點都用可生物降解的標記膠帶標記，並標有樣本編號。所有樣本地點均使用手持式 GPS 單元（精度爲 3-10 米）和樣本 ID、向東、向北、海拔、樣本類型（露頭、亞作物、漂浮、距距、碎片、抓取等）進行記錄，岩石的描述記錄在全天候紙上。然後，將樣本放入帶有樣品標籤的乾淨塑料袋中，然後運送到地球化學實驗室。包括空白、標準品和重複樣本在內的質量保證/質量控制樣品以 10% 的比率定期插入樣品序列中。
所有樣本均裝在裝有編號安全標籤的大米袋中運輸。一家運輸公司將他們從核心小屋帶到北溫哥華的ALS實驗室設施。ALS 要麼獲得了 ISO 9001:2008 認證，要麼在其所有地點都獲得了 ISO 17025:2005 的認證。在 ALS 中，樣本經過處理、乾燥、粉碎和粉碎，然後使用 ME-MS61 和 Au-scr21 方法進行分析。對於 ME-MS61 方法，將製備好的樣品與高氯酸、硝酸、氫氟酸和鹽酸一起消化。在殘留物中加入稀鹽酸，然後通過電感耦合等離子體原子發射光譜法進行分析。使用 ME-OG62 和 AG-Gra21 方法（重力法表面處理）對超限進行了重新分析。對於 Au-scr21，需要大量的樣品（通常爲 1-3 千克）。對樣品進行粉碎和篩選（通常爲 -106 微米），將粗金顆粒與細物質分離。篩選後，使用傳統的火測方法對細分的兩個等分進行分析。預計細分將相當均勻，重複分析可以很好地體現出來。對整個粗糙部分進行分析，以確定粗金的貢獻。
提醒讀者，採集樣本是現場樣本，通常但不完全侷限於礦化。採集樣本質上是選擇性的，收集這些樣本是爲了確定是否存在礦化，不代表所採樣的材料。
關於Goliath Resources Limited
Goliath Resources Limited是位於不列顛哥倫比亞省西北部多產的金三角和魁北克阿比提比綠石地帶的貴金屬項目的勘探者。其所有項目都位於世界一流的地質環境和地緣政治安全司法管轄區，適合在加拿大采礦。
Goliath Resources Limited
羅傑·羅斯姆斯先生
創始人兼首席執行官
電話：+1-416-488-2887
roger@goliathresources.com
* 寬度以鑽芯長度報告，實際寬度估計爲80-90％，aueQ金屬值的計算方法是：2022年10月28日Au 1644.08美元/盎司、Ag 19.23美元/盎司、銅3.47美元/磅、Pb 1870.50美元/噸和鋅2882.50美元/噸。根據歌利亞斯項目所在的同一個金三角採礦營地的其他採礦和勘探項目，例如Homestake Ridge黃金項目（Auryn Resources技術報告、最新礦產資源估算和Homestake Ridge黃金項目初步經濟評估，由Minefill Services Inc.（華盛頓州博塞爾）於2020年5月29日編寫。在這裏，AueQ值是使用金屬價格的3年運行平均值計算得出的，其中包括冶金回收率、處理費用、煉油成本和運輸方面的準備金。黃金的回收率爲85.5％，白銀的回收率爲74.6％，銅的回收率爲74.6％，鉛的回收率爲45.3％。可以假設銅可以以同樣的74.6％的回收率回收鋅。引用的冶金回收參考文獻並非來自巨人的Golddigger項目，即Surebet Zone礦化，除非Golddigger項目最終能夠完成可行性研究中的詳細冶金工作，否則無法保證這種回收率會實現。
