Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF)
(Frankfurt: B4IF) (the
“Company” or
“Goliath”) has commenced ~2,000 metres of diamond
drilling at its 100% controlled Lucky Strike property. There are
two new separate mineralized gold targets exposed at surface that
remain open and have never been drilled before.
The Lucky Strike property covers 31,486 hectares just north of
Terrace, British Columbia and ~100 km south of its 100% controlled
Golddigger property. These new drill targets at Lucky Strike were
found through follow-up prospecting and mapping that also helped
identify several other strong gold prospects for follow up
exploration that could result in additional high-grade drill
targets for 2024.
An accompanying infographic is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/330e75d5-74b5-45e4-9d21-7f7e7545fbfd
The 2023 drill program at the Luck Strike property will be
focussed on two new separate gold targets: the Bullseye gold-copper
porphyry exposed at surface where grab samples assayed up to 3.06
g/t Au, 1.8 g/t Ag and 1% Cu; and Goldsource, a high-grade gold
breccia target exposed at surface with grab samples up 96.8 g/t Au
(3.4 oz/t Au) and 78.10 g/t Ag.
Roger Rosmus, Founder & CEO of Goliath Resources,
states: “Goliath is a project generator and seasoned
explorer with a focus on new discoveries. The Bullseye and
Goldsource targets have confirmed the presence of significant gold
mineralization found at surface on our Lucky Strike property. We
look forward to testing these new discoveries for the first time
with the drill bit in 2023 with ~2,000 metres of drilling. We
believe drill results from this drill campaign, as well as assay
results from our ~18,000 metres of drilling at our Golddigger
property should provide substantial news flow catalysts”.
BULLSEYE GOLD-COPPER PORPHYRY
Exploration previously reported on the Bullseye porphyry drill
target ~14 kilometres to the north of the Goldsource breccia drill
target, has identified a series of new mineralized outcrops within
coarse-gained intrusive units with mineralization, textures and
potassic alteration including the presence of K-Feldspar,
indicative of a porphyry. Grab samples assayed up to 2.15 g/t Au,
143 g/t Ag, and 1 % Cu. These new showings are located within 800
metres of the Bullseye drill target situated at the eastern edge of
a previously mapped zone of propylitic alteration flanking a SkyTEM
electromagnetic anomaly with low conductivity in the catchment area
of Lorne Creek and Douglas Creek, two of the most prolific coarse
placer creeks in the district. The Bullseye drill target consists
of a high-grade core containing typical porphyry mineralization,
textures and alteration, including the presence of chalcopyrite and
bornite, that assayed up to 3.06 g/t Au, 1.8 g/t Ag and 1% Cu,
within a large 1,200 x 1,000 metre alteration system characterized
by polymetallic Au-Ag-Cu quartz veins radiating from the porphyry
centre. Alteration signatures extracted from recently acquired
Worldview 3 satellite spectral data shows strong concentric
propylitic alteration surrounding a core of phyllic alteration
bordered by domains of argillic alteration, coinciding with the
Bullseye drill target. The alteration patterns observed at the
Bullseye drill target are coincident with the top part of a
porphyry system outcropping at surface on Lucky Strike. The age of
the intrusive with porphyritic texture has been identified as
Mid-Cretaceous, in contrast with the Eocene age of other known
porphyries in this belt. The Bullseye porphyry remains open in all
directions and is drill ready. With initial drilling success, the
new Bullseye porphyry provides for an excellent opportunity to
expand the zone along strike and to depth.
GOLDSOURCE HIGH-GRADE GOLD BRECCIA
Follow-up prospecting and mapping in the Goldsource area located
on the Lucky Strike property ~14 km south of the Bullseye porphyry
target extended the main high-grade gold outcrop an additional 150
metres along strike to the East of the main target where grab
samples assayed up to 4.92 g/t Au and 14.55 g/t Ag. The total
strike extent of the Goldsource main outcrop has been expanded to
550 metres. The Goldsource target consists of a high-grade
polymetallic quartz hydrothermal breccia containing galena and
chalcopyrite located within a corridor of sheeted veins that extend
more than 1,500 metres along an E-W trend and over 200 metres wide
where grab samples assayed up to 96.8 g/t Au (3.4 oz/t Au) and
78.10 g/t Ag. The trend is highly oxidized with primary sulphide
contents ranging typically between 1-5% that are generally
represented by limonitic voids and boxworks. Alteration signature
derived from recently acquired Worldview 3 satellite spectral data
shows strong hematite, silica and phyllic alteration coincident
with the Goldsource discovery and adjacent areas further
emphasising the potential for strong gold mineralization. The
mineralized hydrothermal breccia geologically sits within the Quock
formation in close proximity of the “Red Line” in a world class
geologic setting. Airborne magnetic data identified a circular
feature 1 kilometre in diameter centered around the Goldsource
target hydrothermal breccia. The Goldsource high-grade gold breccia
has never been drill tested, remains open in all directions and is
drill ready.
Lucky Strike Property
The Goldsource and Bullseye targets are fully permitted for
drilling and are situated on Goliath’s 100% controlled Lucky Strike
property located near Terrace in northwestern British Columbia. It
sits within a world class geological terrane of the Skeena Arch, a
belt-scale structural corridor that is associated with significant
porphyry and related mineralization. The Property is within 2
kilometres of logging access roads with direct access to
hydro-power and paved highway in close proximity to major
infrastructure in Terrace B.C.
Grant of Options
Goliath has granted a total of 1,702,050 stock options for a
five year period to certain board members, management and an
advisor to the Company priced at $0.61 per share.
Qualified Person
Rein Turna P. Geo is the qualified person as defined by National
Instrument 43-101, for Goliath Resources projects, and supervised
the preparation of, and has reviewed and approved, the technical
information in this release.
Other
Grab, channels, chip and talus samples were collected by foot
with helicopter assistance. Prospective areas included, but were
not limited to, proximity to MINFile locations, placer creek
occurrences, regional soil anomalies, and potential gossans based
on high-resolution satellite imagery. The rock grab and chip
samples were extracted using a rock hammer, or hammer and chisel to
expose fresh surfaces and to liberate a sample of anywhere between
0.5 to 5.0 kilograms. All sample sites were flagged with
biodegradable flagging tape and marked with the sample number. All
sample sites were recorded using hand-held GPS units (accuracy 3-10
metres) and sample ID, easting, northing, elevation, type of sample
(outcrop, subcrop, float, talus, chip, grab, etc.) and a
description of the rock were recorded on all-weather paper. Samples
were then inserted in a clean plastic bag with a sample tag for
transport and shipping to the geochemistry lab. QA/QC samples
including blanks, standards, and duplicate samples were inserted
regularly into the sample sequence at a rate of 10%.
All samples, including rock grabs, channels, and talus samples,
are transported in rice bags sealed with numbered security tags. A
transport company takes them from the core shack to the ALS labs
facilities in North Vancouver. ALS is either certified to ISO
9001:2008 or accredited to ISO 17025:2005 in all of its locations.
At ALS samples were processed, dried, crushed, and pulverized
before analysis using the ME-MS61 and Au-SCR21 methods. For the
ME-MS61 method, a prepared sample is digested with perchloric,
nitric, hydrofluoric and hydrochloric acids. The residue is topped
up with dilute hydrochloric acid and analyzed by inductively
coupled plasma atomic emission spectrometry. Overlimits were
re-analyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric
finish). For Au-SCR21 a large volume of sample is needed (typically
1-3kg). The sample is crushed and screened (usually to -106 micron)
to separate coarse gold particles from fine material. After
screening, two aliquots of the fine fraction are analysed using the
traditional fire assay method. The fine fraction is expected to be
reasonably homogenous and well represented by the duplicate
analyses. The entire coarse fraction is assayed to determine the
contribution of the coarse gold.
The reader is cautioned that grab samples are spot samples which
are typically, but not exclusively, constrained to mineralization.
Grab samples are selective in nature and collected to determine the
presence or absence of mineralization and are not intended to be
representative of the material sampled.
About Goliath Resources Limited
Goliath Resources Limited is an explorer of precious metals
projects in the prolific Golden Triangle of northwestern British
Columbia and area as well as the Abitibi Greenstone Belt of Quebec.
All of its projects are in world class geological settings and
geopolitical safe jurisdictions amenable to mining in Canada.
For more information please contact: Goliath
Resources Limited Mr. Roger Rosmus Founder and CEO
Tel: +1-416-488-2887 roger@goliathresources.com
www.goliathresourcesltd.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange), nor the OTCQB Venture Market accepts
responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press 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
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.
The forward-looking information contained in this release is
made as of the date hereof and Goliath is not obligated to update
or revise any forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
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HEREIN.
Goliath Resources (TSXV:GOT)
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부터 4월(4) 2024 으로 5월(5) 2024
Goliath Resources (TSXV:GOT)
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부터 5월(5) 2023 으로 5월(5) 2024