Goliath Resources Ltd.

Goliath Resources Ltd. is pleased to announce that Crescat Capital LLC a strategic investor has agreed to acquire up to 19.9% post funding of the $11,000,000 non-brokered private placement announced by Goliath earlier this week. Crescat will have an option to participate in future financings of the Company to maintain its interest as long as it holds greater than 3 percent of the issued and outstanding common shares. On [...]

Goliath Resources Ltd. is pleased to announce a $11,000,000 non-brokered private placement of flow through units and the involvement of strategic investors. Each FT Unit will be priced at $1.19 for gross proceeds of $11,000,000. Each FT Unit will consist of one flow-through common share plus one warrant to purchase one non flow-through common share at $1.30 for a 24 month period. Proceeds will be used to fund the planned [...]

Metallurgical Test Result Highlights: Gravity + flotation tests demonstrate exceptional recoveries of Gold, Silver, Lead and Zinc using a combination of conventional gravity and flotation techniques. Gold recovery reaches 98.2% and Silver 86.4% in combined gravity and bulk flotation test work. Gravity recoverable Gold alone is an impressive 38.1% suggesting a considerable amount of Gold can be produced as dor? bars on [...]

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 [...]

Bullseye Zone Porphyry Target Highlights: Porphyry mineralization including up to 3.06 g/t Au, 54.9 g/t Ag and 1% Cu combined with porphyry textures and mineralization within potassically-altered coarse-grained intrusive units were confirmed on surface during the 2021 season. An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/1ee433c5-2c91-4e6e-b289-573758cd6782 Potassic [...]

All 24 completed drill holes drilled intersected significant widths of quartz-sulphides veining demonstrating the robust nature of the Surebet Polymetallic Gold-Silver Zone that remains open both along strike and to depth. A total of 5,332 meters were drilled in the maiden 2021 drill campaign at Surebet. 100% of the holes intersected the Surebet along the 1,000 meters strike length and 1,000 meters down dip to the west [...]

All 23 diamond drill holes completed to date totaling 4,391 meters have intersected significant widths of quartz-sulphides veining along the entire 1,000 meters strike length demonstrating the robust nature of the Surebet polymetallic Gold-Silver Zone that remains open both along strike and to depth. At the Waterfall Showing, GD-21-20 intersected 32.6 meters* of extensive quartz-sulphides veining, brecciation and [...]

A third rig has been added to Goliath's fully funded 2021 maiden drill campaign based on positive assays results from the first three holes and similar looking intercepts containing mineralization and veining in the additional 10 holes drilled to date. Meters planned have been increased from ~5,000 to ~6,000 testing the extent of the Surebet discovery along 1,000 of strike exposed at surface and to depth . Assay results [...]

Assay results from the third hole intercepted Surebet Zone's polymetallic quartz-sulphide vein system demonstrate an impressive 35.72 meters* of quartz-sulphide breccia and surrounding quartz-sulphide stockwork containing a weighted average of 6.37 g/t gold equivalent or 4.46 g/t Au and 122.13 g/t Ag. Higher grade intervals within the above envelope include 4.52 meters* of 31.88 g/t AuEq or 24.97 g/t Au and 458.10 g/t Ag [...]

All Seven drill holes completed to date have intersected significant widths of veining and sulphides demonstrating the robust nature of this mineralized system at the Surebet Polymetallic Gold-Silver Zone. Following the successful first drill hole from the North Showing drill pad which intersected 61.5 meters* of quartz-sulphides veining, brecciation and associated alteration, the campaign's seventh hole from the North [...]