Goliath Resources

goliath resources_300x200

Primary ticker: TSXV:GOT, OTCQB:GOTRF, FSE:B4IF
Stage of development: Exploration
Primary minerals: Gold, Silver, Copper, Lead & Zinc
Project to promote: Golddigger Property – Golden Triangle B.C.
Project location: Canada
Website: www.goliathresourcesltd.com

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 based in Singapore (3.5%) and Mr. Larry Childress (1%).

 

Recently completed two non-brokered private placements totaling C$22.6M 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.

 

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 at ~C$50 million cost 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 October 17, 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.

Financials

Management Profile

Roger Rosmus – Founder, CEO & Director

Mr. Rosmus is the President and Founder of Aberdeen Gould Capital Markets Ltd. that provides corporate advice encompassing strategic and operational strategies to private and public companies in multiple sectors. Mr. Rosmus has over 25 years of investment banking experience in the public sector through Aberdeen Gould Capital Markets a prior Exempt Market Dealer (EMD) and private sector acting as lead on many mergers, acquisitions and corporate financings. He was the President and founder of Aberdeen Gould Inc. where he successfully completed over 30 M&A transactions. Mr. Rosmus has owned and operated several businesses in a wide variety of industries. He holds an MBA from The University of Western Ontario – Richard Ivey School of Business.

What is your rationale for taking part in 121 Mining Investment?

Exposure and market support

What recent news would you like to highlight to investors attending?

POSITIVE 2023 ANNOUNCEMENTS:

– Oct 2, 2023, Rob McEwen makes a strategic investment in Goliath.

– Sept 7, 2023, Goliath drills 19.15 meters (~true width) of abundant visible gold with nuggets up to 4mm in size within newly discovered Golden Gate Zone proximal to feeder source.

– Sept 14, 2023, Goliath drills 26.89 meters (~80-90% true width) of 14.68 g/t AuEq; a 395 g*m AuEq intercept.

– August 15, 2023, Goliath drills 23 meters (~80-90% true width) of 21.08 g/t AuEq; a 485 g*m AuEq intercept


PETROGRAPHY HIGHLIGHTS FROM THE COLORADO SCHOOL OF MINES REPORT:

– The Surebet Zone’s source of mineralization is consistent with the magmatic hydrothermal fluids being derived from a porphyry intrusion.

– The fluids responsible for the high-grade gold-silver mineralization in the Surebet Zone are of magmatic origin and originate at a depth of 5-7 km below the paleo-surface.

– Geological relationships and the examination of petrographic thin sections indicate that the magmatic-hydrothermal fluids that formed the gold mineralization were derived from one of the 50-55 Ma Alice Arm intrusive complexes.

– The study identified a paragenetic sequence for the fluid pulses in the Surebet Zone comprising early quartz, followed by late quartz, followed by sulphides.

– The high CO2 content of the fluid inclusions provides unequivocal evidence that entrapment of the fluid inclusions occurred at high pressures, corresponding to a depth of 5-7 km below the paleo-surface.

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Receive, compile and interpret 2023 exploration and drlling assay results. Complete exploration and drilling plans for the 2024 season.

6 Months:

Initiate the planned 2024 drill campaign. The focus most likely will be on expanding the newly discovered Golden Gate Zone in search of the Feeder Source as well as drill testing the Icefield’s discoveries to the north end of the Goldddigger property.

12 Months:

Complete 2024 exploration and drill program.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Key risk for any exploration company is funding. In 2022 is was addressed through our large strategic stakeholders that are capable of writing large cheques and closing a $14.6 million financing in March 2022, and a total of $18.2 million in 2023 . Based on the strength and continuity of our new discovery at Surebet Zone, Bonanza Shear and Golden Gate Zone, raising additional capital should not be an issue as this is a worldclass discvoery that ticks all the boxes.

What do you think makes your company such a compelling investment?

Undervalued based on our new discovery and potential size if compared to some companies with MCaps >$150M and Goliath at <$80M MCap. It is extremely rare that 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 and nuggets up to 4mm in size.

What are the top 6 key investor takeaways?

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

* All of its projects have excellent infrastructure near by and located in a world class geological setting and geopolitical safe jurisdiction amenable to mining in Canada.

* Flagship discovery is located in the prolific Golden Triangle, B.C. near an old permitted mine site on private property that sits on tide water.

* Discovery of a new high-grade gold system with 10 separate stacked zones/veins over 1.8 square km that has exceptional metallurgy; with more drilling the system continues to get bigger and remains open.

* 2024 drilling has delineated the Bonanza High-Grade Gold Triangle within the Bonanza zone/vein measuring 720 x 612 x 410 meters with holes assaying over 1 oz/t Gold up to 9 meters ~true width; more assays are pending and it remains open.

* Recently completed two non-brokered private placements totaling C$22.6M to fund expanded diamond drill program in 2024 from 15,000 to 38,125 meters; 105 drill holes with lots of assay news are in the pipeline.