Goliath Resources

Goliath Resources Limited (TSX.V: GOT), (OTCQB: GOTRF), (FSE: B4IF) is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization represents a collaborative venture between Colorado School of Mines and Virginia Tech.

Goliath’s key strategic cornerstone shareholders include Crescat Capital (14.4%), Mr. Rob McEwen (3.9%), Mr. Eric Sprott (3%), a Global Commodity Group, Singapore (3.5%) and Mr. Larry Childress (1%).

Completed two non-brokered private placements totaling C$22.6M with no warrant between Aug / Sept 2024 to fund expanded diamond drill program in 2024 from 15,000 to 38,125 meters; 105 drill holes with lots of assay news in the pipeline as of November 7, 2024. Of the 64 new holes drilled in 2024, 92% of them contained visible gold and 32% contained abundant visible gold.

Goliath’s New Surebet Discovery Of A High-Grade Gold System and Company Highlights:

• Located in a mining friendly jurisdiction within a world class geological setting of the Golden Triangle, British Columbia, Canada and has excellent infrastructure including the town of Kitsault built by Phelps Dodge in the 70’s that can housed up to 1,000 people; Camp Goliath – Kitsault.

• Next to the old Kitsault Mine, a permitted brownfield mine site on private property, which is located on the BC Hydro grid with road access to the Nass Valley and tidewater access to Prince Rupert.

• Surebet’s mineralization can be seen at surface for 1.0 kilometers of strike and 1.1 kilometers down-dip extent appears to continue below the valley floor with 700 meters of vertical relief that has exceptional continuity; the more it gets drilled the bigger the system gets based on results to date.

• 105,000 meters have been drilled to date at the Golddigger property (2021 – 2024) with the vast majority of holes targeting the Surebet Discovery with a 100% success rate currenlty spanding over 1.8 sqkm; the system remains open.

• The gold mineralization has excellent metallurgical recoveries of 92.2% Gold from gravity and flotation, including 48.8% free gold from gravity alone at a 327 micron crush; no deleterious minerals or cyanide required.

• 44 holes (or 35%) of 124 holes drilled in 2023 contained Visible Gold with nuggets up to 11 mm in size.

• Best hole to date is GD-23-180 assaying 86.99 g/t AuEq (86.84 g/t Au and 6.52 g/t Ag) over 5.90 meters.

• Highest concentration of visible gold in drill core and 66% of the holes contain visible gold (Sept 3/24 news).

• 2024 drilling has outlined the Bonanza High-Grade Gold Triangle (assays pending) within the Surebet Discovery measuring 720 x 612 x 410 meters with holes assaying over 1 oz/t Gold up to 9 meters ~true width.

• Assays are pending on 105 drill holes as of November 7, 2024.

• The system has exceptional continuity of the gold mineralization that is predictable with our geological team having a strong understanding of the system.

• Drilling thus far shows a majority of the coarser grain visible gold seen up to 11 mm in size is hosted further downhole near or within the volcanics and still above the valley floor; system remains open.

• Deeper drill holes tested near and below the valley floor in 2024 has intercepted 4 new mineralized horizons with one containing visible gold 460 meters below the valley floor; gold mineralization remains wide open in all directions for further new discoveries.

• The Golddigger property is fully permitted until 2029 for 199 drill pads.

• 10 gold mineralized vein horizons have been identified to date and remain open.

• The mineralized footprint of the Surebet Discovery corresponds to 1.8 km2, the equivalent in size to >336 NFL football fields and remains wide open.

Goliath’s New Treasure Island Discovery, VMS Style High-Grade Gold & Copper Highlights:

• Treasure Island is a 500 x 450 meter mineralized outcrop of high-grade gold-copper that has all the indications of another potential material discovery for Goliath ~40 kms north of the Surebet Discovery on the Golddigger Property.

• A maiden drill program was completed in 2024, totaling 2,938 meters drilled, 12 holes and from 4 pad locations.

• Certain drill holes from each pad location averaged 29.99 meters wide of mineralization, inclusive of 6.79 meters of moderate, semi-massive and massive sulphide mineralization in quartz-sulphide breccia.

• Drill hole number TI-24-01 is comparable to what was observed in a surface channel cut, which assayed 28.08 gpt AuEq (20.60 gpt Au, 63.60 gpt Ag and 5.04 % Cu) over 0.85 meters and confirms the continuity of the system at depth that remains open.

Cash: CAD 7M
Debt: NIL

Major shareholders:
Crescat Capital: 14.4%
Mr. Rob McEwen: 3.9%
Global Commodity Group, Singapore: 3.5%
Mr. Eric Sprott: 3%
Mr. Larry Childress: 1%
Management/Team: 19%