The Projects are located in the northeastern
The Nelligan Projects - the Geology and Exploration Model
The Nelligan Projects are located in two strategic areas of the Region in proximity to past producing mines, and historic and current gold and/or gold-copper occurrences and mineral resources.
Mineral exploration assessment reports and statistics indicate a total gold production of 200 million ounces of gold from the 80,000 km2 in the AGB of
Goliath's acquisitions focussed on and along two historic gold trends in the Camp: the Joe Mann and the Nelligan trends.
The western boundary
The Camp hosts east-west trending mafic volcanics or basalts, felsic volcanics or pyroclastics and volcaniclastics, sedimentary rocks and major intrusive complexes, all intruded by gabbro sills and dykes. The sedimentary rocks and gabbros hosts the Nelligan-style of mineralization - one of the potential targets on the Projects. Major faults intersect all rock types and consists of four (4) groups based on their direction: east-west, southeast, northeast and north-northeast trending faults. The east-west trending Guercheville Fault or
At the Nelligan Gold Deposit, gold occurs in a series of subparallel alteration zones, up to 200m wide consisting of silica, iron carbonate, potassium and sodium feldspars, iron oxide as hematite, and up to 30% pyrite as disseminations and semi-massive lenses with minor chalcopyrite. Visible gold is rare and it is found in association with quartz-carbonate veinlets or between pyrite grains. The gold mineralization at the
Exploration work by Goliath will focus on disseminated and vein style of mineralization for both 1 to 1.5 g/t gold in a bulk mineable scenario, and 5 to 15 g/t gold in a more selective underground mineable scenario.
Please note that the above referenced gold mineralization hosted on nearby projects is not necessarily indicative of the mineralization hosted on the Claims.
Mr.
2020 Exploration Program
Goliath expects to start its Stage 1 program in Q3-2020 and will include a digital compilation and synthesis of all the historic work on the Nelligan Projects, field reconnaissance work and prospecting, including rock sampling. A Stage 2 program could be carried out as early as Q4-2020 on any new gold targets generated, and may include airborne and/or ground geophysical surveys and diamond drilling.
Contact:
Mr.
Tel: +1-416-488-2887
Email: roger@goliathresources.com
Web: www.goliathresourcesltd.com
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