Goliath Drills Remarkable Hole, System Remains Wide Open

Goliath Resources (GOTRF) has reported exceptional drill results from its 2024 Golddigger Property exploration program in B.C.'s Golden Triangle. The highlight was hole GD-24-260, which yielded 34.52 g/t AuEq (1.11 oz/T AuEq) over 39.00 meters, including 132.93 g/t AuEq (4.27 oz/T AuEq) over 10.00 meters from the Bonanza Zone. The known Bonanza High-Grade Gold Zone has nearly doubled in size to 341,000 m² and remains open. Of the 243 total holes drilled, 100% intersected targeted mineralization zones, with 106 holes containing visible gold. The 2024 program saw 92% of holes (59 of 64) containing visible gold.

Metallurgical testing showed excellent gold recoveries of 92.2% from gravity and flotation, with 48.8% as free gold. Assays are still pending for 89 of 105 drill holes. The system demonstrates strong continuity and remains open in all directions. Drilling Highlights – Golddigger Property:

Dr. Quinton Hennigh, Technical Advisor of Goliath Resources, states: “Drill intercepts from the Bonanza Shear Zone continue to generate remarkable gold values that strongly indicate this important structural zone is a likely feeder to the overall Surebet gold system. While other larger structures such as the Surebet Shear and the Golden Gate Zone are important, and should in no way be discounted, the Bonanza Shear is living up to its namesake. Not only are exceptional gold grades present, but the Bonanza lode, a relatively flat-oriented structure, displays robust thicknesses. Given the numerous drill intercepts that have penetrated this lode to date, it is clearly expansive, too, measuring at least 800 meters along strike and 600 meters down dip. Many assays from these holes will be returning over the coming weeks, but already, it is clear that Goliath needs to carry out a systematic drill campaign in 2025 to test this entire area as well as for extensions of the system as it remains open. We now have supporting evidence that gold in the Surebet system is likely fed by a gold-rich reduced intrusion. Goliath now needs to fully explore the Bonanza Zone, as well as each and every gold-bearing structure that is encountered in order to determine where all the fluids that emanated from this intrusion carried and deposited high-grade gold. Goliath is clearly on the right track.”

Roger Rosmus, Founder and CEO of Goliath Resources, states: “The more we drill, the bigger and higher grade the Surebet system gets. This has been clearly demonstrated by 100% of the holes drilled intercepting targeted zones or multiple stacked veins of mineralization, of which 92% contained visible gold and or abundant visible gold including coarse-grained visible gold as seen in GD-24-260 drilled this year. It’s our best ever Bonanza grade drill hole to date that reminds of the original drill holes from Eskay Creek & Aurelian Resources with our exceptional 39.00 meter intercept of 34.52 g/t AuEq (1.11 oz/T AuEq). We look forward to outlining the full extent of this world-class discovery with future drilling as it remains wide open in all directions. We firmly believe what has been found to date is only a tip of the iceberg. The feeder-source to this extensive high-grade system is indicated to be a reduced intrusion which would be a significant material addition to the potential scale and geometry of the Surebet Discovery. This new gold system continues to exceed our expectations based on the shear size and area containing multiple stacked high-grade veins like a layer cake, including the newly discovered mineralized veins containing visible gold 480 meters below the valley floor level that remains wide open. The system continues to deliver exceptional results consistent with the characteristics of a district scale Tier 1 high-grade gold asset. We are also very keen to report assays from our maiden drill program from the high-grade Treasure Island volcanogenic massive sulphide (VMS) style discovery included in the 89 remaining holes as they become available in the near future.”




In conclusion, Goliath Resources' exceptional drill results from the 2024 Golddigger Property exploration program in B.C.'s Golden Triangle highlight the potential of the Surebet Discovery. With a nearly doubled Bonanza High-Grade Gold Zone, high-grade mineralization, excellent metallurgical recoveries, and a wide-open system, Goliath is well-positioned to continue delivering exceptional results and expanding the known mineralized zones. As assays for the remaining drill holes become available, investors can expect further updates on the progress and potential of this world-class discovery.