Goliath Resources Limited

Financials:

Primary ticker: TSXV:GOT, OTCQB:GOTRF, FSE:B4IF
Stage of development: Exploration
Primary minerals: Gold, Silver
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 a junior resource explorer for precious metal in the prolific Golden Triangle of British Columbia and Abitibi Greenstone Belt of Quebec.
 
In 2021, Goliath successfully completed a 5,332 meter maiden drill campaign on the newly discovered Surebet Zone in the Golden Triangle, BC. 100% of all 24 holes drilled intercepted significant widths of Au-Ag mineralization over 1 km of strike with 1.1 km of down dip extension confirmed.
 
Goliath is planning to drill ~24,000 meters (85 holes) in 2022. The campaign will include infill drilling and stepping out to test the outer extremities of the Surebet Zone to determine the potential size of this system.
 
2021 Maiden Drilling Campaign & Exploration Highlights:
 
* 100% of all 24 holes drilled during the 2021 maiden campaign totaling 5,332 meters intersected significant high-grade gold-silver mineralization over 1 km of strike and 1.1 km of down dip extent.
* Surebet delivers exceptional metallurgical recoveries of 98.2% Gold inclusive of 38.1% Free Gold from gravity.
* The projected footprint is 2,350 meters along the base and 1,350 meters to the top of the system.
* This successful maiden drill campaign confirms the continuity and extensive scale of a high-grade gold-silver polymetallic system that remains open.
* GD-21-03 intersected 6.37 gpt AuEq (4.46 gpt Au and 122.13 gpt Ag) over 35.72 meters*.
* The average grade and width from all 24 holes assayed 6.29 gpt AuEq (4.35 gpt Au and 104.94 gpt Ag) over 5.87 meters*.
* A newly discovered “Extension Target” of widespread high-grade gold-silver polymetallic mineralization outcrop was found 500 meters southeast of the Surebet Zone that is 1200 meters by 400 meters.
* The Extension Target samples are mineralogically, geochemically and texturally similar to the surface and in drill core seen on the Surebet Zone; grabs assayed up to 75.04 gpt AuEq and a channel cut assayed 14.76 gpt AuEq over 0.58 meters.
 
“Goliath Resource’s execution of a first phase drill program at Surebet has generated a major new gold-silver discovery in the Golden Triangle,” commented Dr. Quinton Hennigh, Advisor and Director of Crescat Capital, a strategic shareholder of Goliath. “The fact that all twenty-four core holes successfully encountered mineralized intercepts across the Surebet Zone is remarkable, and even more so, these holes define a mineralized footprint of 1,000 m strike and 1,100 m down dip extent. The weighted average down hole length and grade of these twenty-four holes is 5.87 m and 6.29 gpt AuEq, respectively. While another robust round of drilling is needed to more fully assess the Surebet Zone, this is a fantastic start and provides an early indication this is a significant new discovery. On top of this stellar drill success, the Company also successfully sampled new areas of mineralization that may prove to be natural extensions of the Surebet mineralizing system, especially to the southeast. If so, this discovery could grow very quickly. We at Crescat are delighted to be a part of this exciting story and eagerly await a new season of aggressive drilling at Surebet.”
 
Significant shareholders include Eric Sprott and Crescat Capital. Dr. Quinton Hennigh is a technical advisor.


Cash:
CAD$15M
Debt: Nil

Major shareholders:
Crescat Capital – (P/D) – 19.9%
Eric Sprott – (P/D) – 10.74%
Management Ownership – 10%

Management Profile

Roger Rosmus – Founder, CEO & Director
Mr. Rosmus is the President and co-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 121 Mining Investment?

Exposure and market support

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

In 2021, Goliath successfully completed a 5,332 meter maiden drill campaign on the Surebet Zone where 100% of all 24 holes intercepted significant mineralization over 1 km of strike and 1.1 km of down dip extension on the Surebet discovery. The projected structure has a base of approx 2,287 meters and distance to its peak is approx 1,321 meters; it remains open in three directions.
 
The initial metallurgy from 16 of the 24 holes drilled shows exceptional results of 98.2% Gold recovery using traditional gravity and flotation crushed to 150 microns; inclusive of 38.1% free gold from gravity (see February 10, 2022 press release) that would provide a relatively low capital and operating costs.

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

3 Months:
Complete plans in preparation for the 2022 drill campaign.

6 Months :
Initiate the planned 2022 drill campaign of ~24,000 meters to determine how the big the Surebet Zone could be with infill drilling, testing the outer extremities that will include the newly discovered adjacent Extension Target (1200m x 400m).

12 Months
Complete 2022 drill program and potentially delineate a maiden MRE

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. This was addressed through our large strategic stakeholders that are capable of writing large cheques and recently closing a $14.6 million financing based on the strength of our new discovery at Surebet Zone.

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

Undervalued based on our new discovery and potential size if compared to an Eskay Creek with >$400M MCap and Goliath at <$100M MCap. It is extremely rare that 100% of all 24 holes from a maiden drill program intercepted significant widths & mineralization over 1 km of strike and 1.1 km of down dip extension confirming the continuity / extensive scale of a high-grade gold-silver polymetallic system that remains open.

What are the top 3 key investor takeaways?

– A newly confirmed drill discovery that is large, remains open and has exceptional metallurgy
– Expanded drill campaign planned for 2022 of ~24,000 meters (85 holes)
– Crescat Capital / Dr. Quinton Hennigh – taking up to a 19.9% interest