Initial 2023 Drill Campaign Highlights: Visible Gold has been identified in GD-23-111, the first hole of 2023 at a depth of 33.13 meters from Pad TS-1 . The occurrence of visible gold strongly indicates the potential for very high-grade gold intervals in a zone dubbed the "Golden Gate Feeder Zone" . The first pad of the 2023 season was chosen based on snow conditions and the first hole was targeted to test the [...]
The 2023 drill campaign includes 70 holes from 21 separate drill pad locations with four diamond drill rigs for a planned 18,000 meters; inclusive of a Maiden Drill Program at newly discovered Goldswarm Zone. This drilling/exploration season will focus on new discoveries and further upside potential: Expand the footprint and higher-grade mineralized areas of the Surebet Zone & Bonanza Shear. An accompanying infographic is [...]
GOLDSOURCE HIGH-GRADE GOLD BRECCIA ZONE - ~1,000 Metres Maiden Diamond Drilling, Highlights: The Goldsource Zone is a high-grade gold breccia that is a drill ready target that shows all the right components for an extensive gold mineralizing system including surface mineralization, textures, and alteration that remains open in all direction. An accompanying infographic is available at [...]
The 2023 drill campaign includes 70 holes from 21 separate drill pad locations with four diamond drill rigs for a planned 18,000 meters. This drilling/exploration season will focus on new discoveries and further upside potential: Expand the footprint and higher-grade mineralized areas of the Surebet Zone & Bonanza Shear. A photo accompanying this announcement is available at [...]
Goliath Resources Ltd. is pleased to announce the closing of its previously announced "best-efforts" upsized private placement for gross proceeds of C$9,650,000, which includes the full exercise of the Agent's Option for gross proceeds of C$1,150,000. Under the Offering, the Company sold 9,650,000 flow-through units to charitable purchasers at a price of C$1.00 per Charity FT Unit . Red Cloud Securities Inc. acted as sole [...]
Goliath Resources Ltd. is pleased to announce that due to significant investor demand, the Company has amended its agreement with Red Cloud Securities Inc. , as sole agent and bookrunner, to increase the maximum gross proceeds under the previously announced "best-efforts" private placement from C$9.0 million to C$9.65 million. Under the revised Offering, up to 8,500,000 flow-through units may be sold to charitable [...]
Goliath Resources Ltd. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as sole agent and bookrunner in connection with a "best-efforts", private placement for gross proceeds of up to C$8,000,000 from the sale of up to 8,000,000 flow-through units to be sold to charitable purchasers at a price of C$1.00 per Charity FT Unit . Each Charity FT Unit will consist of one common [...]
Goliath Resources Ltd. is pleased to announce that it has signed a Memorandum of Understanding with BWCG Holding Ltd. , Blackwolf Copper and Gold , Coast Copper Corp. , Dolly Varden Silver , and New Moly LLC to jointly study the viability of using New Moly's Kitsault Project as the potential site for a centralized polymetallic processing facility that could accept mineralized material from the Companies' respective [...]
Summary of Results: "Recent metallurgical test results indicate Surebet displays a number of optimal characteristics," commented Quinton Hennigh, Technical and Geologic Director of Crescat Capital, a strategic shareholder of Goliath Resources. "Even at a coarse grind size of P80 327 ?m, or 0.327 mm, minerals that are sought are readily liberated and recovered by gravity and flotation techniques. Overall recoveries of [...]
Goliath Resources Ltd. announces that the Company intends to extend the exercise period of a total of 4,189,136 share purchase warrants, all of which are exercisable at $0.86 per common share . The Warrants were issued pursuant to a private placement which closed on March 8, 2021 . The Company proposes to extend the expiry dates for these Warrants by an additional six months and accordingly, the new expiry dates for the [...]
Goliath Resources Ltd. is pleased to announce it has been selected by the PDAC 2023 technical committee to display its core. PDAC's Core Shack provides a unique venue at the world's premier mining convention to display core from new or ongoing projects that are generating exciting drill results. The latest discoveries from around the world are featured along with maps, charts and technical information. Goliath is focused [...]
The fluids responsible for the high-grade gold-silver mineralization in the Surebet Zone are of magmatic origin and originate at a depth of 5-7 km below the paleo-surface. Geological relationships and the examination of petrographic thin sections indicate that the magmatic-hydrothermal fluids that formed the gold mineralization were derived from one of the 50-55 Ma Alice Arm intrusive complexes. The study identified a [...]
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