TORONTO, Sept. 20, 2023 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the "Company" or "Goliath") is pleased to report Mr. Rob McEwen and Crescat Capital LLC have both agreed to make a strategic investment in Goliath through a non-brokered private placement. It is scheduled to close on or before September 29, 2023.
Based on the exceptional drilling results during the 2023 season, Goliath successfully secured a total of 6 diamond drill rigs and expanded the program from 18,000 to ~34,000 meters. 100% of all holes drilled in 2023 intersected mineralization over a 1.8 square kilometer area, were 42% of 89 holes encountered visible gold and several intercepted abundant visible gold up to 1% in diamond drill core.
Mr. Rob McEwen has agreed to subscribe for $1,000,000 of NFT units from an entity controlled by him. He is the founder and former Chairman of Goldcorp where he discovered, built, and operated the Red Lake Mine in Ontario which was acquired by Newmont Mining in 2019 for US$10 billion. Mr. McEwen is currently the Executive Chairman and Chief Owner of McEwen Mining Inc.
Goliath's largest shareholder, Crescat Capital, who currently owns ~18% (P/D) of the issued and outstanding common shares of the Company, will be participating in the Offering pursuant to a pre-emptive right granted to them by the Goliath.
"We are extremely honoured and pleased to have Mr. McEwen participating in this financing as a lead order, which demonstrates that our new discovery has attracted the attention of an esteemed investor and experienced miner. We look forward to Mr. McEwen's input and guidance as we further drill out the Surebet discovery and continue to unlock shareholder value at our Golddigger Property" states Mr. Roger Rosmus, the Founder and Chief Executive Officer of Goliath, "as well, we very much appreciate the continued support and guidance from the Crescat Capital team".
Goliath intends to raise up to $5,000,000 through a non-brokered private placement in a combination of: (i) non-flow-through units to be sold at a price of $0.63 per NFT unit. Each NFT unit will consist of one-half purchase warrant entitling the holder thereof to purchase one common share for every whole warrant for a period of 18 months from the date of issuance at an exercise price of $0.78; and (ii) flow-through shares to be sold at a price of $0.67 and will be composed of one common share that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).
British Columbia Super Flow - the B.C. mining flow-through share (B.C. MFTS) tax credit allows BC Residents who invest in flow-through shares to claim a provincial non-refundable tax credit of 20% of their B.C. flow-through mining expenditures. B.C. flow-through mining expenditures are specific exploration expenses incurred by a PBC and renounced by a corporation issuing the flow-through shares.
The warrants for the NFT units will be subject to the same terms, with each warrant entitling the holder thereof to purchase one common share for a period of 18 months from the date of issuance at an exercise price of $0.78 per whole warrant share.
The Company intends to use the gross proceeds raised from the FT offering for exploration and related programs on Goliath's Golddigger and Lucky Strike properties located in and around the Golden Triangle of northwestern British Columbia. The proceeds from the NFT offering be used for general working capital and administrative purposes.
The gross proceeds from the FT offering will be used for Canadian exploration expenses as such term is defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the tax act, flow-through mining expenditures as defined in Subsection 127(9) of the tax act that will qualify as flow-through mining expenditures, and B.C. flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before Dec. 31, 2024, and renounced with an effective date no later than Dec. 31, 2023. British Columbia Super Flow - the B.C. mining flow-through share (B.C. MFTS) tax credit allows BC Residents who invest in flow-through shares to claim a provincial non-refundable tax credit of 20% of their B.C. flow-through mining expenditures. B.C. flow-through mining expenditures are specific exploration expenses incurred by a PBC and renounced by a corporation issuing the flow-through shares.
Goliath may pay finders' fees composed of cash and warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
About Crescat Capital LLC
Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat's mission is to grow and protect wealth over the long term by deploying tactical investment themes based on proprietary value-driven equity and macro models. Crescat's goal is industry leading absolute and risk-adjusted returns over complete business cycles with low correlation to common benchmarks. Crescat's investment process involves a mix of asset classes and strategies to assist with each client's unique needs and objectives and includes Global Macro, Long/Short and Precious Metals funds.
Crescat is advised by Dr. Quinton Hennigh, its geologic and technical director on investments in gold and silver resource companies. Dr. Hennigh became an economic geologist after obtaining his PhD in Geology/Geochemistry from the Colorado School of Mines. He has more than 30 years of exploration experience with major gold mining firms that include Homestake Mining, Newcrest Mining and Newmont Mining. Recently, Dr. Hennigh founded Novo Resources Corp., and is currently serving as Co-Chairman. Among his notable project involvements are First Mining Gold's Springpole gold deposit in Ontario, Kirkland Lake Gold's acquisition of the Fosterville gold mine in Australia, the Rattlesnake Hills gold deposit in Wyoming, and Lion One's Tuvatu gold project on Fiji, among many others.
Golddigger Property
The Golddigger Property is 100 % controlled covering an area of 61,685 hectares (152,427 acres) and is in a world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia. The property encompasses 56 kilometers of the 'Red Line' that is host to multiple world class deposits. The Surebet discovery has exceptional metallurgy with gold recoveries of 92.2% inclusive of 48.8% free gold from gravity alone at a 327-micrometer crush (no deleterious elements or cyanide required). Its is in an excellent location close in proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is 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, infrastructure capable of housing more than 300 people, and 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 Deposit. Drill holes were planned using Leapfrog Geo and QGIS 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 its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.
For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
多倫多,2023年9月20日(GLOBE NEWSWIRE)--Goliath Resources Limited(多倫多證券交易所股票代碼:GOT)(美國場外櫃台交易市場股票代碼:GOTRF)(倫敦證券交易所股票代碼:B4IF)(以下簡稱 "公司 "或 "Goliath")欣喜地宣佈,Rob McEwen先生和Crescat Capital LLC已同意通過非經紀私募的方式對Goliath進行戰略投資。計劃於 2023 年 9 月 29 日或之前完成。
基於2023賽季的出色鑽探結果,Goliath成功獲得了總共6臺金剛石鑽機,並將項目從18,000米擴大到約34,000米。2023年鑽的所有洞中有100%在1.8平方公里的區域內與礦化相交,89個洞中有42%遇到了可見的黃金,還有幾個洞在金剛石鑽芯中截獲了高達1%的豐富可見黃金。
Rob McEwen先生已同意從他控制的實體那裏認購100萬美元的NFT單位。他是Goldcorp的創始人和前董事長,他在那裏發現、建造和運營安大略省的紅湖礦,該礦於2019年被紐蒙特礦業公司以100億美元的價格收購。麥克尤恩先生目前是McEwen Mining Inc.的執行董事長兼首席所有者。
Goliath的最大股東Crescat Capital目前擁有公司約18%(P/D)的已發行和流通普通股,他將根據歌利亞授予的優先權參與此次發行。
“我們非常榮幸和高興麥克尤恩先生作爲主要訂單參與此次融資,這表明我們的新發現吸引了一位受人尊敬的投資者和經驗豐富的礦商的注意。Goliath的創始人兼首席執行官羅傑·羅斯姆斯說:“我們期待着麥克尤恩先生的意見和指導,進一步深入研究Surebet的發現,並繼續釋放Golddigger物業的股東價值,“同樣,我們非常感謝Crescat Capital團隊的持續支持和指導”。
Goliath打算通過非經紀私募籌集高達500萬美元的資金,其組合包括:(i)非流通單位將以每NFT單位0.63美元的價格出售。每個NFT單位將包括一半的購買權證,該認股權證的持有人有權從發行之日起18個月內以0.78美元的行使價購買每份完整認股權證的一股普通股;(ii)流通股將以0.67美元的價格出售,將由一股普通股組成,該普通股將符合《所得稅法》(加拿大)第66(15)分節所指的流通股。
不列顛哥倫比亞省超級流量 -不列顛哥倫比亞省礦業流通份額(不列顛哥倫比亞省MFTS)稅收抵免允許投資流通股票的不列顛哥倫比亞省居民申請不列顛哥倫比亞省直通式採礦支出的20%的省級不可退還稅收抵免。不列顛哥倫比亞省流通式採礦支出是指中國人民銀行產生並由發行流通股的公司放棄的特定勘探費用。
NFT單位的認股權證將受相同的條款約束,每份認股權證的持有人都有權購買一股普通股,自發行之日起18個月,行使價爲每股權證整股0.78美元。
該公司打算將英國《金融時報》發行籌集的總收益用於位於不列顛哥倫比亞省西北部金三角及其周邊地區的Golddigger和Lucky Strike房產的勘探和相關項目。NFT發行的收益將用於一般營運資金和管理目的。
英國《金融時報》發行的總收益將用於加拿大的勘探費用,該術語由稅法第66.1 (6) 分節中加拿大勘探費用的定義 (f) 段定義,稅法第127 (9) 分節所定義的直通式採礦支出將用於流式採礦支出,以及《所得稅法》第4.721 (1) 分節所定義的不列顛哥倫比亞省流式採礦支出 (不列顛哥倫比亞省),將在2024年12月31日當天或之前產生,並放棄,生效日期不遲於2023年12月31日。 不列顛哥倫比亞省超級流量 -不列顛哥倫比亞省礦業流通份額(不列顛哥倫比亞省MFTS)稅收抵免允許投資流通股票的不列顛哥倫比亞省居民申請不列顛哥倫比亞省直通式採礦支出的20%的省級不可退還稅收抵免。不列顛哥倫比亞省流通式採礦支出是指中國人民銀行產生並由發行流通股的公司放棄的特定勘探費用。
在遵守多倫多證券交易所風險投資交易所政策的前提下,Goliath可以支付與本次發行相關的由現金和認股權證組成的發現者費用。根據本次發行發行和出售的所有證券的持有期將自發行之日起四個月零一天到期。發行完成和任何發現者費用的支付仍需獲得所有必要的監管部門批准,包括多倫多證券交易所風險投資交易所的批准。
關於克雷斯卡特資本有限責任公司
Crescat是一家全球宏觀資產管理公司,總部位於科羅拉多州丹佛市。Crescat的使命是通過部署基於專有價值驅動股票和宏觀模型的戰術投資主題,長期增長和保護財富。Crescat的目標是在整個商業週期中保持行業領先的絕對回報和風險調整後回報,與常見基準的相關性較低。Crescat的投資流程涉及多種資產類別和策略,以幫助滿足每個客戶的獨特需求和目標,包括全球宏觀基金、多頭/空頭基金和貴金屬基金。
Crescat由其地質和技術董事昆頓·亨尼格博士就對黃金和白銀資源公司的投資提供諮詢。Hennigh博士在科羅拉多礦業學院獲得地質學/地球化學博士學位後成爲一名經濟地質學家。他在包括Homestake Mining、Newcrest Mining和Newmont Mining在內的大型金礦公司擁有30多年的勘探經驗。最近,Hennigh博士創立了Novo Resources Corp.,目前擔任聯席董事長。他參與的著名項目包括First Minining Gold在安大略省的Springpole金礦、Kirkland Lake Gold收購澳大利亞福斯特維爾金礦、懷俄明州的響尾蛇山金礦以及Lion One在斐濟的圖瓦圖黃金項目等。
淘金者地產
Golddigger Property 由 100% 控制,佔地 61,685 公頃(152,427 英畝),位於不列顛哥倫比亞省金三角內埃斯卡伊裂谷的世界一流的地質環境中。該物業包括56公里的 “紅線”,那裏有多個世界一流的礦牀。Surebet的發現具有出色的冶金能力,黃金回收率爲92.2%,其中包括在327微米粉碎時僅從重力中獲得的48.8%的遊離金(不需要有害元素或氰化物)。它地理位置優越,靠近 Alice Arm 和 Kitsault 等社區,那裏有允許的私人財產上的磨坊用地。它位於潮水上,可通過駁船直接進入魯珀特王子港(通過天文台入口/波特蘭灣190公里)。基索爾特鎮可通過公路抵達(距離露臺190公里,距離魯珀特王子港300公里),擁有駁船着陸點、碼頭、可容納300多人的基礎設施和高壓電力。該地區的其他基礎設施包括Dolly Varden銀礦路(位於Surebet發現以東僅7公里處),可直接通往Alice Arm駁船着陸點(Surebet發現以南18公里)和高壓電力(Surebet發現以東25公里)。特勒斯市(人口爲16,000人)提供通往鐵路、主要高速公路和機場的補給品(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裝有補給品的機場。
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 Deposipt 中對核心進行描述和轉錄。計劃使用Leapfrog Geo和QGIS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。其所有項目均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。
欲了解更多信息,請聯繫:
歌利亞資源有限公司
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