2021 Maiden Drilling Campaign & Exploration Highlights:
- 100% of all 24 holes drilled during the 2021 maiden campaign totalling 5332 meters intersected significant high-grade gold-silver mineralization over 1 km of strike and 1.1 km of down dip extent.
- 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*.
- GD-21-05 intersected 12.6 gpt AuEq (8.06 gpt Au and 313.66 gpt Ag) over 6.38 meters*.
- The average grade and width from the best hole from each 7 widely spaced drill pads assayed 9.42 gpt AuEq (6.66 gpt Au and 172.66 gpt Ag) over 6.43 meters* respectively.
- 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* respectively.
- 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
An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/30070141-60ce-41d3-ba83-a559559430d4
Drill hole GD-21-03 intersected 6.37 gpt AuEq (4.46 gpt Au and 122.13 gpt Ag) over 35.72 meters* (reported in NR
This maiden drill campaign demonstrates the continuity and extensive scale of the high-grade gold-silver polymetallic mineralization of the
Additionally the Company discovered a new Extension target located approximately 500 meters southeast of the
2021 Drill Results:
- Surebet – Cliff Pad
- Drill hole GD-21-03 intersected 6.37 gpt AuEq (4.46 gpt Au and 122.13 gpt Ag) over 35.72 meters*, including 31.88 gpt AuEq (24.97 gpt Au and 458.1 gpt Ag) over 4.52 meters* (reported in NR
August 30 , 2021). - Drill hole GD-21-04 intersected 1.80 gpt AuEq (1.31 gpt Au and 24.22 gpt Ag) over 33.31 meters*, including 10.85 gpt AuEq (8.86 gpt Au and 90.82 gpt Ag) over 3.4 meters*.
- Drill hole GD-21-05 intersected 12.6 gpt AuEq (8.06 gpt Au and 313.66 gpt Ag) over 6.38 meters*, including 21.25 gpt AuEq (13.86 gpt Au and 521.86 gpt Ag) over 3.66 meters*.
- Drill hole GD-21-03 intersected 6.37 gpt AuEq (4.46 gpt Au and 122.13 gpt Ag) over 35.72 meters*, including 31.88 gpt AuEq (24.97 gpt Au and 458.1 gpt Ag) over 4.52 meters* (reported in NR
- Surebet – Cliff Stepout Pad
- Drill hole GD-21-09 intersected 7.153 gpt AuEq (5.44 gpt Au and 83.84 gpt Ag) over 9 meters*, including 13.06 gpt AuEq (10.02 gpt Au and 152.17 gpt Ag) over 4.76 meters* and 20.28 gpt AuEq (15.77 gpt Au and 232 gpt Ag) over 2.92 meters*.
- Drill hole GD-21-13 intersected 6.72 gpt AuEq (5.96 gpt Au and 28.05 gpt Ag) over 4.49 meters*.
- Drill hole GD-21-10 intersected 4.77 gpt AuEq (3.93 gpt Au and 33.96 gpt Ag) over 5 meters*, including 10.06 gpt AuEq (9.04 gpt Au and 42.7 gpt Ag) over 2 meters*.
- Surebet - Waterfall Pad
- Drill hole GD-21-22 intersected 19.4 gpt AuEq (13.87 gpt Au and 342.14 gpt Ag) over 3.96 meters*, including 35.75 gpt AuEq (25.8 gpt Au and 623.58 gpt Ag) over 2.09 meters* and 51.93 gpt AuEq (40.72 gpt Au and 695.11 gpt Ag) over 1.26 meters*.
- Drill hole GD-21-20 intersected 7.82 gpt AuEq (7.16 gpt Au and 25.23 gpt Ag) over 4.35 meters*
- Drill hole GD-21-20 also intersected an interval of 3.91 gpt AuEq (1.97 gpt Au and 118.17 gpt Ag) over 9.46 meters*.
- Surebet – Main Pad
- Drill hole GD-21-21 intersected 9.77 gpt AuEq (7.97 gpt Au and 105.75 gpt Ag) over 5.54 meters*, including 15.71 gpt AuEq (13.38 gpt Au and 135.98 gpt Ag) over 2.5 meters*.
- Drill hole GD-21-14 intersected 5.43 gpt AuEq (2.85 gpt Au and 154.45 gpt Ag) over 6.34 meters*, including 9.3 gpt AuEq (4.24 gpt Au and 309.15 gpt Ag) over 2 meters*.
- Surebet – West Central Pad
- Drill hole GD-21-23 intersected 3.81 gpt AuEq (2.35 gpt Au and 68.11 gpt Ag) over 2 meters*.
- Surebet – North Rubble Pad
- Drill hole GD-21-08 intersected 10.01 gpt AuEq (5.95 gpt Au and 286.5 gpt Ag) over 6.1 meters*, including 19.6 gpt AuEq (11.74 gpt Au and 562.79 gpt Ag) over 3 meters*.
- Surebet – Real Deal Pad
- Drill hole GD-21-24 intersected 2.35 gpt AuEq (2.13 gpt Au and 5.46 gpt Ag) over 18 meters*, including 3.17 gpt AuEq (2.96 gpt Au and 5.61 gpt Ag) over 12 meters* and 9.38 gpt AuEq (8.66 gpt Au and 20 gpt Ag) over 2 meters*.
- Drill hole GD-21-24 also intersected 3.13 gpt AuEq (3.02 gpt Au and 2.88 gpt Ag) over 5.5 meters*, including 6.34 gpt AuEq (6.18 gpt Au and 4.6 gpt Ag) over 2.5 meters*.
- Drill hole GD-21-24 also intersected 4.2 gpt AuEq (2.49 gpt Au and 4.08 gpt Ag) over 2.49 meters*, including 6.68 gpt AuEq (6.5 gpt Au and 10.83 gpt Ag) over 1.49 meters*.
Table 1: 2021 Golddigger drill hole assay results.
Average Width* and Grade - Best Hole Per Pad (7 pads in total) | ||||||
Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
6.43 | 6.66 | 172.66 | 0.02 | 0.55 | 0.48 | 9.42 |
Average Width* and Grade - All 24 Holes | ||||||
Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
5.87 | 4.35 | 104.94 | 0.02 | 0.61 | 0.50 | 6.29 |
An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/4d11c4a0-dd94-455b-8e1c-01ba86d832ba
Cliff Pad | |||||||||
GD-21-01 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 36.90 | 48.25 | 11.35 | 2.03 | 27.71 | 0.02 | 0.40 | 0.33 | 2.73 |
Including | 36.90 | 40.00 | 3.10 | 6.17 | 54.07 | 0.04 | 1.11 | 0.99 | 7.85 |
GD-21-02 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 28.50 | 42.00 | 13.50 | 1.35 | 68.27 | 0.03 | 0.39 | 0.41 | 2.65 |
Including | 28.50 | 33.50 | 5.00 | 2.83 | 70.29 | 0.07 | 0.84 | 0.01 | 4.57 |
GD-21-03 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 66.78 | 102.50 | 35.72 | 4.46 | 122.13 | 0.02 | 0.28 | 0.31 | 6.37 |
including | 66.78 | 71.30 | 4.52 | 24.97 | 458.10 | 0.12 | 0.74 | 0.80 | 31.88 |
and | 83.50 | 88.50 | 5.00 | 3.55 | 275.36 | 0.03 | 0.32 | 0.35 | 7.53 |
and | 96.40 | 102.50 | 6.10 | 2.95 | 71.15 | 0.01 | 0.52 | 0.65 | 4.41 |
GD-21-04 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 42.19 | 75.50 | 33.31 | 1.31 | 24.22 | 0.01 | 0.20 | 0.14 | 1.80 |
Including | 44.25 | 47.65 | 3.40 | 8.86 | 90.82 | 0.03 | 1.12 | 0.55 | 10.85 |
and | 61.58 | 62.60 | 2.12 | 2.67 | 51.68 | 0.01 | 0.57 | 0.50 | 3.87 |
GD-21-05 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 50.50 | 56.88 | 6.38 | 8.06 | 316.66 | 0.03 | 0.42 | 0.42 | 12.60 |
Including | 51.54 | 55.20 | 3.66 | 13.86 | 521.86 | 0.04 | 0.58 | 0.61 | 21.25 |
Interval | 61.88 | 65.06 | 3.18 | 2.02 | 41.05 | 0.01 | 0.43 | 0.36 | 2.94 |
Including | 62.48 | 65.06 | 2.58 | 2.47 | 45.59 | 0.01 | 0.50 | 0.40 | 3.51 |
North Rubble Pad | |||||||||
GD-21-06 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 87.32 | 90.15 | 2.83 | 0.75 | 46.81 | 0.02 | 0.37 | 0.36 | 1.73 |
Interval | 116.90 | 120.80 | 3.90 | 1.40 | 88.37 | 0.02 | 0.31 | 0.13 | 2.78 |
Including | 116.90 | 118.80 | 1.90 | 2.26 | 168.93 | 0.04 | 0.63 | 0.25 | 4.91 |
GD-21-07 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 110.00 | 117.62 | 7.62 | 0.43 | 88.95 | 0.01 | 0.19 | 0.20 | 1.80 |
Including | 114.00 | 117.62 | 3.62 | 0.77 | 152.22 | 0.02 | 0.26 | 0.31 | 3.06 |
GD-21-08 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 134.00 | 147.60 | 13.60 | 1.16 | 54.00 | 0.02 | 0.62 | 0.74 | 2.56 |
Including | 134.62 | 145.60 | 10.98 | 1.36 | 64.56 | 0.02 | 0.75 | 0.89 | 3.04 |
Including | 134.62 | 137.60 | 2.98 | 2.06 | 158.81 | 0.02 | 1.90 | 1.48 | 5.75 |
and | 140.60 | 145.60 | 5.00 | 1.70 | 37.32 | 0.02 | 0.44 | 0.98 | 2.97 |
Interval | 172.00 | 178.10 | 6.10 | 5.95 | 286.50 | 0.02 | 0.40 | 0.31 | 10.01 |
Including | 172.00 | 175.00 | 3.00 | 11.74 | 562.79 | 0.02 | 0.58 | 0.57 | 19.60 |
Including | 172.00 | 173.60 | 1.60 | 21.94 | 1041.31 | 0.04 | 1.07 | 1.05 | 36.48 |
Cliff Stepout Pad | |||||||||
GD-21-09 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 349.00 | 358.00 | 9.00 | 5.44 | 83.84 | 0.02 | 0.55 | 0.66 | 7.15 |
Including | 350.08 | 354.84 | 4.76 | 10.02 | 152.17 | 0.03 | 0.98 | 1.11 | 13.06 |
Including | 350.08 | 353.00 | 2.92 | 15.77 | 232.00 | 0.03 | 1.41 | 1.54 | 20.28 |
GD-21-10 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 227.00 | 232.00 | 5.00 | 3.93 | 33.96 | 0.02 | 0.35 | 0.41 | 4.77 |
Including | 227.00 | 229.00 | 2.00 | 9.04 | 42.70 | 0.02 | 0.37 | 0.52 | 10.06 |
GD-21-11 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 188.00 | 189.60 | 1.60 | 4.44 | 106.56 | 0.02 | 1.36 | 1.25 | 7.10 |
GD-21-12 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 172.94 | 176.00 | 3.06 | 1.41 | 17.64 | 0.02 | 0.23 | 0.53 | 2.07 |
GD-21-13 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 224.51 | 229.00 | 4.49 | 5.96 | 28.05 | 0.01 | 0.54 | 0.28 | 6.72 |
Including | 224.51 | 225.70 | 1.19 | 21.69 | 86.71 | 0.02 | 1.64 | 0.62 | 23.86 |
Main Pad | |||||||||
GD-21-14 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 2.35 | 8.69 | 6.34 | 2.85 | 154.45 | 0.01 | 0.89 | 0.36 | 5.43 |
Including | 2.35 | 7.00 | 4.65 | 3.33 | 196.97 | 0.01 | 1.12 | 0.47 | 6.61 |
Including | 2.35 | 4.35 | 2.00 | 4.24 | 309.15 | 0.02 | 1.83 | 0.54 | 9.30 |
GD-21-21 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 4.50 | 10.04 | 5.54 | 7.97 | 105.75 | 0.01 | 0.51 | 0.36 | 9.77 |
Including | 5.00 | 10.04 | 5.04 | 8.70 | 106.66 | 0.02 | 0.53 | 0.38 | 10.54 |
Including | 6.50 | 9.00 | 2.50 | 13.38 | 135.98 | 0.02 | 0.76 | 0.41 | 15.71 |
Including | 6.50 | 7.50 | 1.00 | 24.35 | 189.50 | 0.02 | 1.27 | 0.77 | 27.79 |
Waterfall Pad | |||||||||
GD-21-15 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 81.00 | 84.72 | 3.72 | 0.49 | 28.31 | 0.01 | 0.26 | 0.17 | 1.07 |
GD-21-17 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 86.00 | 87.00 | 1.00 | 0.56 | 71.65 | 0.02 | 0.87 | 1.07 | 2.48 |
GD-21-18 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 85.37 | 96.50 | 11.13 | 1.00 | 31.05 | 0.01 | 0.34 | 0.40 | 1.79 |
Including | 85.37 | 93.00 | 7.91 | 1.24 | 39.18 | 0.01 | 0.44 | 0.51 | 2.24 |
GD-21-19 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 89.96 | 97.00 | 7.04 | 2.33 | 98.29 | 0.01 | 0.44 | 0.55 | 4.12 |
Including | 89.96 | 92.50 | 2.54 | 5.25 | 179.78 | 0.02 | 0.94 | 1.29 | 8.72 |
GD-21-20 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 107.72 | 117.18 | 9.46 | 1.97 | 118.17 | 0.03 | 0.46 | 0.33 | 3.91 |
Including | 108.00 | 110.00 | 2.00 | 6.88 | 210.47 | 0.07 | 1.27 | 0.62 | 10.58 |
Interval | 121.65 | 126.00 | 4.35 | 7.16 | 25.23 | 0.01 | 0.30 | 0.36 | 7.82 |
GD-21-22 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 116.04 | 120.00 | 3.96 | 13.87 | 342.14 | 0.04 | 1.08 | 1.08 | 19.40 |
Including | 116.04 | 118.13 | 2.09 | 25.80 | 623.58 | 0.06 | 1.86 | 1.83 | 35.75 |
Including | 116.04 | 117.30 | 1.26 | 40.27 | 695.11 | 0.08 | 2.70 | 2.57 | 51.93 |
West Central Pad | |||||||||
GD-21-16 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 47.65 | 48.30 | 0.65 | 2.60 | 5.80 | 0.01 | 0.00 | 0.01 | 2.69 |
Interval | 179.00 | 179.80 | 0.80 | 3.04 | 98.88 | 0.01 | 0.73 | 0.20 | 4.75 |
Interval | 191.50 | 194.00 | 2.50 | 1.44 | 60.14 | 0.01 | 0.85 | 0.87 | 3.08 |
Including | 192.00 | 194.00 | 2.00 | 1.69 | 63.20 | 0.01 | 0.89 | 0.93 | 3.42 |
Including | 192.00 | 193.00 | 1.00 | 1.83 | 93.30 | 0.02 | 1.40 | 1.57 | 4.53 |
GD-21-23 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 115.00 | 116.00 | 1.00 | 2.75 | 87.00 | 0.02 | 0.43 | 0.32 | 4.26 |
Interval | 137.00 | 139.00 | 2.00 | 2.35 | 68.11 | 0.01 | 0.82 | 0.40 | 3.81 |
Including | 137.00 | 137.80 | 0.80 | 5.66 | 141.32 | 0.01 | 1.94 | 0.66 | 8.66 |
Real Deal Pad | |||||||||
GD-21-24 | From (m) | To (m) | Interval (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Interval | 275.00 | 293.00 | 18.00 | 2.13 | 5.46 | 0.01 | 0.07 | 0.17 | 2.35 |
Including | 275.00 | 287.00 | 12.00 | 2.96 | 5.61 | 0.01 | 0.07 | 0.16 | 3.17 |
Including | 275.00 | 276.00 | 1.00 | 5.60 | 6.30 | 0.02 | 0.06 | 0.27 | 5.89 |
and | 278.00 | 280.00 | 2.00 | 5.09 | 4.55 | 0.02 | 0.04 | 0.11 | 5.26 |
and | 285.00 | 287.00 | 2.00 | 8.66 | 20.00 | 0.02 | 0.26 | 0.55 | 9.38 |
Interval | 301.00 | 306.50 | 5.50 | 3.02 | 2.88 | 0.02 | 0.01 | 0.08 | 3.13 |
Including | 304.00 | 306.50 | 2.50 | 6.18 | 4.60 | 0.02 | 0.01 | 0.12 | 6.34 |
Interval | 386.00 | 388.49 | 2.49 | 4.08 | 6.64 | 0.01 | 0.01 | 0.01 | 4.20 |
Including | 387.00 | 388.49 | 1.49 | 6.50 | 10.83 | 0.02 | 0.02 | 0.01 | 6.68 |
* Widths are reported in drill core lengths and the true widths are not known. AuEq metal values are calculated using: Au
Results from the inaugural drill campaign on Surebet show that all 24 holes drilled intersected significant intervals of Au-Ag polymetallic mineralization and confirm the high-grade zone over 1 km of strike, with 500 m of vertical relief and 1.1 km down dip extent between North Rubble and Real Deal pads that remains open. The core of the Surebet zone consists of high-grade Au-Ag polymetallic mineralization within quartz-sulphide breccia in a surrounding envelope of mineralized quartz-sulphide stockwork and veining and remains open.
An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/4fcacf53-de6b-4ae1-b373-de2c0ca8a4ee
In addition to the maiden drill campaign, follow-up prospecting that included mapping on previously generated targets and a property-wide Bulk Leach Extractable Gold (BLEG) stream sediment sampling program were completed that resulted in the discovery of several new showings. Prospecting and surface sampling of the Cloud 9 and Real Deal structures located 1.0 to 1.5 km west of the main Surebet outcrop resulted in the discovery of the new Real Deal and
Newly Discovered Outcropping Extension
The newly discovered Extension showings are located in an area approximately 500 meters southeast of the
Follow up drilling on the Extension targets, Real Deal and Cloud 9 will provide tremendous potential to significantly expand the footprint of the high-grade Au-Ag polymetallic Surebet discovery to the southeast 1200 meters and down dip to the west 350 meters and beyond. Follow up drilling is also planned to test the cliff face on the north slope, an area where high-grade Au-Ag grab samples were collected (up to 40.75 gpt AuEq). This is believed to be the down dip extension of the Surebet structure daylighting to the northwest and the contact between the
Table 2: 2021 Surebet grab and chip samples > 1 gpt AuEq*
Sample ID | Zone | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
66.50 | 2295.00 | 0.01 | 7.44 | 1.07 | 99.73 | ||
Extension | 44.40 | 1629.00 | 5.22 | 2.24 | 0.02 | 75.04 | |
Extension | 33.50 | 1232.00 | 4.10 | 3.12 | 0.80 | 57.97 | |
44.90 | 119.00 | 0.14 | 0.01 | 0.00 | 46.67 | ||
Extension | 20.20 | 22.70 | 0.00 | 0.16 | 2.17 | 21.82 | |
9.40 | 709.00 | 0.10 | 0.72 | 0.39 | 19.23 | ||
Real Deal | 5.60 | 358.00 | 0.01 | 9.16 | 7.46 | 18.22 | |
Extension | 13.50 | 32.10 | 0.09 | 0.42 | 0.91 | 14.76 | |
Main | 7.89 | 217.00 | 0.03 | 2.17 | 4.09 | 13.97 | |
Real Deal | 2.97 | 437.00 | 0.05 | 8.32 | 1.18 | 12.71 | |
Extension | 6.90 | 333.00 | 0.21 | 0.49 | 0.00 | 11.75 | |
10.30 | 17.70 | 0.00 | 0.02 | 0.16 | 10.64 | ||
9.90 | 28.20 | 0.03 | 0.00 | 0.00 | 10.31 | ||
1.24 | 99.20 | 1.19 | 4.19 | 6.19 | 9.76 | ||
9.20 | 10.60 | 0.01 | 0.34 | 0.27 | 9.64 | ||
3.18 | 146.00 | 0.07 | 2.31 | 1.98 | 7.26 | ||
Sample ID | Zone | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
0.16 | 12.00 | 0.02 | 0.01 | 10.72 | 6.54 | ||
Extension | 1.41 | 99.50 | 0.03 | 0.67 | 4.85 | 5.82 | |
1.65 | 148.00 | 0.03 | 1.04 | 2.58 | 5.52 | ||
4.60 | 41.20 | 0.02 | 0.04 | 0.27 | 5.34 | ||
3.57 | 52.80 | 0.03 | 0.68 | 1.26 | 5.30 | ||
North Slope | 0.09 | 4.90 | 0.00 | 0.11 | 8.81 | 5.29 | |
0.19 | 9.50 | 0.07 | 0.00 | 8.21 | 5.18 | ||
Extension | 4.78 | 1.10 | 0.01 | 0.00 | 0.00 | 4.82 | |
4.09 | 12.20 | 0.04 | 0.00 | 0.00 | 4.32 | ||
0.97 | 152.00 | 0.02 | 1.31 | 1.21 | 4.18 | ||
North Slope | 2.79 | 33.70 | 0.02 | 1.03 | 0.28 | 3.85 | |
0.29 | 34.60 | 0.05 | 0.09 | 5.06 | 3.78 | ||
0.49 | 18.10 | 0.04 | 0.00 | 4.93 | 3.63 | ||
Extension | 0.18 | 16.20 | 0.03 | 0.29 | 4.52 | 3.17 | |
Real Deal | 0.73 | 14.80 | 0.04 | 0.19 | 3.08 | 2.85 | |
Extension | 0.03 | 99.40 | 0.01 | 3.27 | 0.03 | 2.65 | |
Extension | 2.27 | 2.10 | 0.02 | 0.01 | 0.09 | 2.39 | |
1.79 | 11.10 | 0.07 | 0.01 | 0.01 | 2.06 | ||
1.53 | 26.90 | 0.01 | 0.02 | 0.01 | 1.91 | ||
Extension | 1.72 | 0.25 | 0.00 | 0.00 | 0.00 | 1.73 | |
0.39 | 14.60 | 0.00 | 0.08 | 1.61 | 1.54 | ||
0.60 | 52.20 | 0.09 | 0.04 | 0.03 | 1.46 | ||
Extension | 0.31 | 52.20 | 0.05 | 0.04 | 0.01 | 1.09 |
* Widths are reported in drill core lengths and the true widths are not known. AuEq metal values are calculated using: Au
Table 3: 2021 Surebet channel samples
Zone | Sample ID | Length (m) | Au (gpt) | Ag (gpt) | Cu (%) | Pb (%) | Zn (%) | AuEq (gpt)* |
Extension | 0.31 | 0.07 | 0.25 | 0.01 | 0.00 | 0.01 | 0.09 | |
0.25 | 0.66 | 0.25 | 0.01 | 0.00 | 0.00 | 0.67 | ||
0.33 | 6.70 | 0.50 | 0.00 | 0.00 | 0.00 | 6.72 | ||
0.34 | 0.14 | 0.25 | 0.00 | 0.00 | 0.01 | 0.15 | ||
Extension | 0.26 | 0.01 | 0.25 | 0.00 | 0.00 | 0.01 | 0.02 | |
0.34 | 2.51 | 5.20 | 0.07 | 0.00 | 1.37 | 3.49 | ||
Extension | 0.27 | 5.60 | 4.80 | 0.07 | 0.00 | 0.02 | 5.79 | |
Extension | 0.32 | 2.27 | 2.10 | 0.02 | 0.01 | 0.09 | 2.39 | |
0.58 | 13.50 | 32.10 | 0.09 | 0.42 | 0.91 | 14.76 | ||
0.43 | 0.04 | 0.25 | 0.00 | 0.00 | 0.01 | 0.06 |
* Widths are reported in drill core lengths and the true widths are not known. AuEq metal values are calculated using: Au
2022 Planned Drill Program
The Company has designed a 2022 campaign with ~18,000 meters of planned drilling. Three drill rigs have been contracted for the 2022 program, with two drill rigs focusing on infill and step-out drilling between the Surebet surface showings and Real Deal located 1.1 km down dip including the North Slope. The 3rd drill rig will be dedicated to step-out exploration drilling to test new areas west of Real Deal, including gold-silver in outcrop along Cloud 9, 350 meters down dip to the west and beyond. Cloud 9 and the Real Deal are near vertical structures and believed to be associated with the
An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/735f3367-b825-417d-9fec-be16f67d3df4
Geologic Observations
Surebet is characterized by a series of NW-SE trending structures that occur within a package of
Golddigger Property
The Golddigger Property is 100 % controlled covering an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Eskay Rift within
Roger Rosmus Founder and CEO of
Table 4: 2021 Golddigger drill collar locations.
Hole ID | Collar Easting | Collar Northing | Datum/Zone | Azimuth | Dip | Length |
GD-21-01 | 457712.2 | 6162905.1 | UTM NAD83 9N | 139 | 70 | 138 |
GD-21-02 | 457713.6 | 6162905.4 | UTM NAD83 9N | 55 | 50 | 303 |
GD-21-03 | 457713.7 | 6162905.5 | UTM NAD83 9N | 220 | 70 | 165 |
GD-21-04 | 457714.7 | 6162905.3 | UTM NAD83 9N | 170 | 70 | 136 |
GD-21-05 | 457713.3 | 6162905.9 | UTM NAD83 9N | 0 | 45 | 123 |
GD-21-06 | 457518.7 | 6163317.4 | UTM NAD83 9N | 30 | 62 | 195 |
GD-21-07 | 457519.7 | 6163316.5 | UTM NAD83 9N | 60 | 62 | 177 |
GD-21-08 | 457518.7 | 6163316.7 | UTM NAD83 9N | 139 | 70 | 192 |
GD-21-09 | 457454.3 | 6163001.0 | UTM NAD83 9N | 140 | 62 | 384 |
GD-21-10 | 457453.8 | 6163000.4 | UTM NAD83 9N | 90 | 62 | 308 |
GD-21-11 | 457454.5 | 6163000.6 | UTM NAD83 9N | 70 | 62 | 274 |
GD-21-12 | 457454.1 | 6163001.1 | UTM NAD83 9N | 40 | 62 | 256 |
GD-21-13 | 457455.2 | 6163001.8 | UTM NAD83 9N | 40 | 89 | 286 |
GD-21-14 | 457713.9 | 6163183.8 | UTM NAD83 9N | 139 | 70 | 210 |
GD-21-15 | 457652.9 | 6163034.5 | UTM NAD83 9N | 40 | 60 | 316 |
GD-21-16 | 457556.7 | 6163166.0 | UTM NAD83 9N | 139 | 70 | 262 |
GD-21-17 | 457651.9 | 6163033.8 | UTM NAD83 9N | 55 | 60 | 127 |
GD-21-18 | 457652.1 | 6163035.2 | UTM NAD83 9N | 80 | 62 | 157 |
Hole ID | Collar Easting | Collar Northing | Datum/Zone | Azimuth | Dip | Length |
GD-21-19 | 457652.9 | 6163034.0 | UTM NAD83 9N | 90 | 62 | 169 |
GD-21-20 | 457652.5 | 6163035.2 | UTM NAD83 9N | 139 | 62 | 228 |
GD-21-21 | 457713.8 | 6163184.0 | UTM NAD83 9N | 320 | 62 | 75 |
GD-21-22 | 457652.7 | 6163035.0 | UTM NAD83 9N | 0 | 89 | 269 |
GD-21-23 | 457556.0 | 6163166.0 | UTM NAD83 9N | 40 | 62 | 172 |
GD-21-24 | 457018.8 | 6162588.8 | UTM NAD83 9N | 100 | 50 | 400 |
Qualified Person
QA/QC protocols
Oriented HQ-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 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures. Drill core containing quartz, 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%. All samples, including core, rock grabs, channels and talus samples, are transported in rice bags sealed with numbered security tags. The Company’s personnel drives the samples to the closest town, where transport company takes them to the ALS labs facilities in
About
For more information please contact:
Mr.
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
https://goliathresourcesltd.com
Neither the
Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this news release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.
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