Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE:
B4IF) (the
“Company” or
“Goliath”) is excited to report assay results for
the remaining 99 new drill holes from the Surebet Discovery at its
100% controlled Golddigger Property (the “Property”), Golden
Triangle, British Columbia. The vast majority of reported holes
intersected broad intervals of significant quartz-sulphide
mineralization and widespread gold-silver mineralization expanding
the volume and average grade of the Surebet Zone, Bonanza Shear and
Golden Gate Zone, all of which remain open. Highlights for the
Surebet Zone include drill hole GD-23-220, which assayed 13.24 gpt
AuEq (10.05 gpt Au and 154.71 gpt Ag) over 5.10 meters, including
21.74 gpt AuEq (16.51 gpt Au and 253.41 gpt Ag) over 3.10 meters.
Highlights for the Bonanza Shear include drill hole GD-23-113,
which intersected 10.94 gpt AuEq (10.80 gpt Au and 6.24 gpt Ag)
over 9.70 meters, including 17.63 gpt AuEq (17.42 gpt Au and 9.51
gpt Ag) over 6.00 meters and 34.85 gpt AuEq (34.47 gpt Au and 17.48
gpt Ag) over 3.00 meters. Highlights for the Golden Gate include
drill hole GD-23-133, which intersected 4.96 gpt AuEq (4.76 gpt Au
and 5.76 gpt Ag) over 7.85 meters, including 9.89 gpt AuEq (9.53
gpt Au and 10.80 gpt Ag) over 3.85 meters. A complete list of
results for all reported holes can be found in Table 1 and 2 below.
This news release includes all not-yet reported assay results from
drill core for the 2023 drill season.
The Bonanza Shear, hosted at the contact between
the Hazelton Sediments and Volcanics was intersected in 104 drill
holes with broad intervals of quartz-sulphide mineralization, 87 of
which (84 %) intersected gold mineralization. The volume and grade
of the Bonanza Shear have been increased substantially to
>15,000,000 m3 at 8.14 gpt AuEq (from 13,000,000 m3 at 2.71 gpt
AuEq reported previously), demonstrating the increased importance
of the Bonanza Shear as an economic mineralized horizon of the
Surebet system. The Surebet Zone, hosted in the Hazelton Sediments
was intersected in 106 drill holes with broad intervals of
quartz-sulphide mineralization, 98 of which (92 %) intersected gold
mineralization. The volume and average grade of the Surebet Zone
have been increased substantially to 6,800,000 m3 at 9.04 gpt AuEq
(from 5,500,000 m3 at 6.31 gpt AuEq reported previously). The newly
discovered Golden Gate Zone, hosted within the Hazelton Volcanics
below the Bonanza Shear was intersected in 12 drill holes with
broad intervals of quartz-sulphide mineralization, all of which
(100 %) intersected gold mineralization and is modelled to comprise
>1,100,000 m3 with an average grade of 3.94 gpt AuEq and remains
open, demonstrating the enormous additional discovery potential at
depth.
SUREBET ZONE DRILL
HIGHLIGHTS
Drillhole GD-23-220, collared from Wolverine
Pad, intercepted numerous occurrences of Visible Gold, as well as
sulphides mineralization in quartz-stockwork and veins
corresponding with the Surebet Zone and assayed 13.24 gpt AuEq
(10.05 gpt Au and 154.71 gpt Ag) over 5.10 meters, including 21.74
gpt AuEq (16.51 gpt Au and 253.41 gpt Ag) over 3.10 meters. Drill
hole GD-23-221, collared from Bear Pad, also intercepted multiple
occurrences of Visible Gold and significant quartz-sulphide
mineralization in veins and stockwork of the Surebet Zone and
assayed 4.43 gpt AuEq (4.16 gpt Au and 12.87 gpt Ag) over 13.00
meters, including 7.91 gpt AuEq (7.44 gpt Au and 22.40 gpt. Drill
hole GD-23-130, collared from Cliff Pad, intersected the Surebet
Zone and assayed 4.66 gpt AuEq (3.53 gpt Au and 55.29 gpt Ag) over
5.70 meters, including 6.25 gpt AuEq (5.12 gpt Au and 55.36 gpt Ag)
over 3.70 meters.
The mineralization in these holes is
characterized by breccia, stockwork and veins of quartz, sphalerite
(up to 10%), galena (up to 8%) and pyrrhotite (up to 15%) hosted in
a shear zone within strongly silicified mudstone and siltstone
associated with heavy chlorite alteration. Multiple grains of
Visible Gold were identified within the reported mineralized
intervals.
The Surebet Zone, hosted in the Hazelton
Sediments was intersected in 106 drill holes with broad intervals
of quartz-sulphide mineralization, 92% intersected gold
mineralization. The mineralization model has been updated with the
latest assay results and the calculated potential volume of the
Surebet Zone is 6,800,000 m3 with an average grade of 9.04 gpt AuEq
and remains open, which corresponds to an increase of 43% in grade
from the previously reported 6.31 gpt AuEq and an increase of 24 %
in volume from previously reported 5,500,000 m3.
BONANZA SHEAR DRILL
HIGHLIGHTS
Drillhole GD-23-113, collared from Quoll Pad
intercepted multiple occurrences of Visible Gold and
quartz-sulphide mineralization corresponding to the Bonanza Shear
and assayed 10.94 gpt AuEq (10.80 gpt Au and 6.24 gpt Ag) over 9.70
meters, including 17.63 gpt AuEq (17.42 gpt Au and 9.51 gpt Ag)
over 6.00 meters and 34.85 gpt AuEq (34.47 gpt Au and 17.48 gpt Ag)
over 3.00 meters. Multiple additional holes intercepted significant
quartz-sulphide breccia, stockwork and veining of the Bonanza
Shear, including GD-23-217 which assayed 11.55 gpt AuEq (11.47 gpt
Au and 5.77 gpt Ag) over 5.00 meters, including 57.41 gpt AuEq
(57.10 gpt Au and 24.80 gpt Ag) over 1.00 meters; GD-23-119 which
assayed 13.82 gpt AuEq (13.70 gpt Au and 9.77 gpt Ag) over 4.00
meters, including 16.67 gpt AuEq (16.53 gpt Au and 11.38 gpt Ag)
over 3.00 meters; GD-23-140 which assayed 4.04 gpt AuEq (3.97 gpt
Au and 3.46 gpt Ag) over 11.00 meters, including 7.30 gpt AuEq
(7.20 gpt Au and 5.74 gpt Ag) over 7.20 meters; GD-23-155 which
assayed 5.32 gpt AuEq (5.24 gpt Au and 2.84 gpt Ag) over 8.00
meters, including 10.37 gpt AuEq (10.26 gpt Au and 4.80 gpt Ag)
over 4 meters; GD-23-133 which assayed 4.96 gpt AuEq (4.76 gpt Au
and 5.76 gpt Ag) over 7.85 meters, including 9.89 gpt AuEq (9.53
gpt Au and 10.80 gpt Ag) over 3.85 meters; and GD-23-127 which
assayed 4.82 gpt AuEq (4.57 gpt Au and 5.44 gpt Ag) over 8.00
meters, including 6.81 gpt AuEq (6.49 gpt Au and 6.95 gpt Ag) over
5.00 meters.
The mineralization of the intercepts of the
Bonanza Shear are similar to what is observed in the Surebet Zone
and are characterized by breccia, stockwork and veins of quartz,
sphalerite (up to 8 %), galena (up to 10%), chalcopyrite (up to 1%)
and pyrrhotite (up to 10%) hosted in a shear zone generally located
at or in close proximity to the contact of strongly silicified
mudstone and siltstone associated with heavy chlorite alteration
and chloritized volcanic rocks. Multiple grains of Visible Gold
were identified within the reported mineralized intervals.
The Bonanza Shear, hosted at the contact between
the Hazelton Sediments and Volcanics was intersected in 104 drill
holes with broad intervals of quartz-sulphide mineralization, 84%
intersected gold mineralization. The mineralization model has been
updated with the latest assay results and the calculated potential
volume of the Bonanza Shear is >15,000,000 m3 with an average
grade of 8.14 gpt AuEq and remains open. The volume has been
increased by 15% from previously reported 13,000,000 m3. The
average grade has been increased by 200% from previously reported
2.71 gpt AuEq. This clearly demonstrates the increased importance
of the Bonanza Shear as a significant mineralized horizon of the
Surebet system.
GOLDEN GATE DRILL
HIGHLIGHTS
All drill holes that intersected the Golden Gate
Zone intercepted stacks of 1-5 m wide shears with broad
quartz-sulphide mineralization. Drill hole GD-23-133 intersected
4.96 gpt AuEq (4.76 gpt Au and 5.76 gpt Ag) over 7.85 meters,
including 9.89 gpt AuEq (9.53 gpt Au and 10.80 gpt Ag) over 3.85
meters; GD-23-183 intersected 4.61 gpt AuEq (4.51 gpt Au and 3.35
gpt Ag) over 3.50 meters and 6.55 gpt AuEq (6.26 gpt Au and 8.67
gpt Ag) over 3.00 meters; and GD-23-140 intersected 6.15 gpt AuEq
(6.00 gpt Au and 4.72 gpt Ag) over 3.00 meters.
The mineralization observed in intercepts of the
Golden Gate Zone is similar to what is observed in the Surebet Zone
and the Bonanza Shear, comprising shear hosted veins with
stringers, aggregations and in some instances breccia, with galena
(up to 3%), sphalerite (up to 10%), chalcopyrite (up to 1%) and
pyrrhotite (up to 10%). The host rock for the Golden Gate
mineralization is a strongly chloritized andesite.
The newly discovered Golden Gate Zone, hosted
within the Hazelton Volcanics and 20 meters below the Bonanza Shear
was intersected in 12 drill holes with broad intervals of
quartz-sulphide mineralization, 100% intersected gold
mineralization. The mineralization model has been updated with the
latest assay results and the calculated potential volume of the
Golden Gate Zone is >1,100,000 m3 with an average grade of 3.94
gpt AuEq and remains open.
One hole drilled in 2023, GD-23-197 intersected
the Golden Gate Zone and assayed 11.60 gpt AuEq (11.07 gpt Au and
23 gpt Ag) over 27 meters, including 14.83 gpt AuEq (14.17 gpt Au
and 29.13 gpt Ag) over 21.00 meters and 34.03 gpt AuEq or 1.09 oz/t
AuEq (32.55 gpt Au and 65.71 gpt Ag) over 9 meters.
Additional holes reported in this news release
are summarized in Table 1 and 2 below.
The footprint of the Surebet Zone has been
expanded to 1.8 km2, the equivalent of >336 NFL football fields.
The results reported in this news release, coupled with intervals
reported and modelled in the course of the project, demonstrates
the existence of multiple extensive stacked bonanza-grade veins
within 650 meters of the surface that have been tested to date. A
study in collaboration with the Colorado School of Mines has
confirmed that the mineralization formed at 4-5 km below the
paleo-surface, confirming the excellent additional discovery
potential at depth. To put this into perspective: there is
potential for up to 5-10 times the number of stacked veins below
the already discovered system corresponding to 10 times the height
of the CN tower from top to bottom.
This original discovery has gone from idea to
where it is today (22,900,000 m3 of rock) with only 12 months of
boots on the ground, clearly demonstrating Surebet is a world class
discovery, and we are likely only seeing the tip of the
iceberg.
Roger Rosmus, Founder and CEO of Goliath
Resources, states: “I would like to congratulate our team
on an exceptional 2023 drilling season and thank our shareholders
for their ongoing support. After only 3 drilling seasons and only
12 months in aggregate of boots on the ground, our Golddigger
project is clearly evolving as a new World-Class discovery in the
prolific Golden Triangle region of British Columbia. With our
aggressive drilling campaign in 2023, we were able to dramatically
increase the volume of rock in our current model of the Surebet,
Bonanza and Golden Gate Zones totalling 22,900,000 m3 with an
average grade of 7.74 g/t AuEq, that remains open. Our geological
team continues to be impressed with the widespread gold
mineralization with excellent continuity and predictability in the
Surebet and Bonanza Zones. We were also delighted with the
high-grade gold hits in the Golden Gate Zone, a game changer event
for the project because until this season all the drilling was in
the sediments and contact between the volcanics. The Golden Gate
Zone is our newest discovery and is very exciting as it is in the
Hazelton volcanics immediately below the sediments. To see the gold
mineralization continue beyond the sediments into the volcanics is
extremely positive as we look forward to continuing to expand on
this discovery in 2024. Making the new discovery in the volcanics
gives us a clear path to chase the high-grade gold potential at
depth to continue exploring for the heat engine (porphyry?) that
caused the gold mineralization at Surebet, Bonanza and the Golden
Gate zones. We strongly believe that our Golddigger project is
emerging as one of the most important gold discoveries in the
Golden Triangle. To think that until recently this project was
covered by glaciers and due to them receding our team was the first
to ever see the mineralization, then follow it up with exceptional
drilling results is very rewarding as high-grade grassroots gold
discoveries are a rare event in gold exploration.” Mr.
Rosmus further stated: “Management is currently
considering all options to unlock the full value of the extensive
new land package of the Golddigger property comprising 25 km of the
Red Line containing multiple new discoveries, as well as the 100%
controlled Bullseye Au-Cu porphyry target on the Luckystrike
property, by potentially spinning-off these assets into a new 100%
owned company by Goliath to add additional value to our
stakeholders. We believe 2024 will be the best year to date for
Goliath.”
Table 1: Selected 2023 Golddigger drill
hole assay results for the Surebet Zone, Bonanza Shear, and Golden
Gate Zone.
Pad ID |
Hole ID |
|
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (g/t) |
Quoll |
GD-23-113 |
Interval |
105.30 |
115.00 |
9.70 |
10.80 |
6.24 |
0.01 |
0.01 |
0.13 |
10.94 |
Including |
107.00 |
113.00 |
6.00 |
17.42 |
9.51 |
0.01 |
0.01 |
0.21 |
17.63 |
Including |
110.00 |
113.00 |
3.00 |
34.47 |
17.48 |
0.01 |
0.01 |
0.39 |
34.85 |
Wolverine |
GD-23-220 |
Interval |
278.00 |
283.10 |
5.10 |
10.05 |
154.71 |
0.05 |
2.70 |
0.92 |
13.24 |
Including |
279.10 |
282.20 |
3.10 |
16.51 |
253.41 |
0.08 |
4.44 |
1.50 |
21.74 |
Including |
280.20 |
282.20 |
2.00 |
25.21 |
389.98 |
0.11 |
6.87 |
2.30 |
33.24 |
Including |
280.20 |
281.30 |
1.10 |
38.10 |
658.00 |
0.17 |
12.10 |
3.47 |
51.65 |
Buffalo |
GD-23-217 |
Interval |
58.00 |
63.00 |
5.00 |
11.47 |
5.77 |
0.01 |
0.00 |
0.01 |
11.55 |
Including |
60.00 |
61.00 |
1.00 |
57.10 |
24.80 |
0.01 |
0.01 |
0.01 |
57.41 |
Bear |
GD-23-221 |
Interval |
201.00 |
214.00 |
13.00 |
4.16 |
12.87 |
0.01 |
0.14 |
0.16 |
4.43 |
Including |
202.85 |
210.00 |
7.15 |
7.44 |
22.40 |
0.01 |
0.24 |
0.27 |
7.91 |
Including |
203.70 |
206.70 |
3.00 |
16.84 |
39.78 |
0.02 |
0.32 |
0.26 |
17.54 |
Including |
205.70 |
206.70 |
1.00 |
50.10 |
115.00 |
0.04 |
0.94 |
0.72 |
52.13 |
Quoll |
GD-23-119 |
Interval |
80.00 |
83.50 |
3.50 |
0.86 |
0.98 |
0.00 |
0.00 |
0.01 |
0.88 |
Including |
81.15 |
82.30 |
1.15 |
2.50 |
2.22 |
0.00 |
0.00 |
0.02 |
2.54 |
Interval |
105.00 |
113.00 |
8.00 |
6.88 |
5.13 |
0.00 |
0.00 |
0.01 |
6.95 |
Including |
107.00 |
111.00 |
4.00 |
13.70 |
9.77 |
0.00 |
0.00 |
0.02 |
13.82 |
Including |
107.00 |
110.00 |
3.00 |
16.53 |
11.38 |
0.00 |
0.00 |
0.02 |
16.67 |
Including |
107.00 |
108.00 |
1.00 |
49.50 |
32.70 |
0.00 |
0.00 |
0.03 |
49.90 |
Echidnas |
GD-23-140 |
Interval |
41.00 |
52.00 |
11.00 |
3.97 |
3.46 |
0.01 |
0.00 |
0.03 |
4.04 |
Including |
43.00 |
49.00 |
6.00 |
7.20 |
5.74 |
0.01 |
0.00 |
0.05 |
7.30 |
Including |
47.00 |
49.00 |
2.00 |
20.63 |
15.73 |
0.02 |
0.00 |
0.03 |
20.85 |
Interval |
76.00 |
87.00 |
11.00 |
1.88 |
2.54 |
0.00 |
0.01 |
0.10 |
1.96 |
Including |
78.00 |
85.00 |
7.00 |
2.91 |
3.51 |
0.01 |
0.01 |
0.14 |
3.02 |
Including |
79.00 |
85.00 |
6.00 |
3.36 |
3.91 |
0.01 |
0.02 |
0.16 |
3.48 |
Including |
82.00 |
85.00 |
3.00 |
6.00 |
4.72 |
0.01 |
0.02 |
0.21 |
6.15 |
Koala |
GD-23-155 |
Interval |
18.00 |
28.00 |
10.00 |
1.33 |
1.87 |
0.00 |
0.01 |
0.03 |
1.37 |
Including |
20.00 |
26.00 |
6.00 |
2.19 |
1.99 |
0.00 |
0.02 |
0.03 |
2.23 |
Interval |
54.00 |
68.00 |
14.00 |
3.04 |
2.15 |
0.00 |
0.01 |
0.06 |
3.10 |
Including |
58.00 |
66.00 |
8.00 |
5.24 |
2.84 |
0.01 |
0.01 |
0.07 |
5.32 |
Including |
60.00 |
64.00 |
4.00 |
10.26 |
4.80 |
0.01 |
0.02 |
0.11 |
10.37 |
Cliff |
GD-23-130 |
Interval |
47.00 |
67.00 |
20.00 |
1.75 |
20.69 |
0.01 |
0.19 |
0.21 |
2.16 |
Including |
49.00 |
65.00 |
16.00 |
2.18 |
24.85 |
0.01 |
0.24 |
0.25 |
2.68 |
Including |
62.00 |
65.00 |
3.00 |
3.77 |
17.20 |
0.01 |
0.07 |
0.24 |
4.11 |
and |
49.00 |
59.00 |
10.00 |
2.32 |
33.56 |
0.02 |
0.36 |
0.33 |
3.00 |
Including |
49.00 |
54.70 |
5.70 |
3.53 |
55.29 |
0.03 |
0.63 |
0.56 |
4.66 |
Including |
51.00 |
54.70 |
3.70 |
5.12 |
55.36 |
0.03 |
0.65 |
0.51 |
6.25 |
Echidnas |
GD-23-133 |
Interval |
31.00 |
34.00 |
3.00 |
0.55 |
0.84 |
0.01 |
0.00 |
0.03 |
0.58 |
Interval |
39.86 |
43.00 |
3.14 |
1.18 |
1.55 |
0.01 |
0.00 |
0.03 |
1.22 |
Interval |
53.00 |
61.00 |
8.00 |
0.48 |
0.69 |
0.01 |
0.00 |
0.02 |
0.51 |
Including |
55.00 |
59.00 |
4.00 |
0.89 |
0.68 |
0.01 |
0.01 |
0.02 |
0.92 |
Interval |
63.00 |
74.85 |
11.85 |
3.17 |
3.93 |
0.00 |
0.08 |
0.14 |
3.31 |
Including |
65.00 |
72.85 |
7.85 |
4.76 |
5.76 |
0.00 |
0.12 |
0.20 |
4.96 |
Including |
69.00 |
72.85 |
3.85 |
9.53 |
10.80 |
0.01 |
0.23 |
0.36 |
9.89 |
Including |
69.00 |
72.00 |
3.00 |
12.06 |
13.74 |
0.01 |
0.30 |
0.45 |
12.51 |
Opossum |
GD-23-127 |
Interval |
126.00 |
138.00 |
12.00 |
3.06 |
4.29 |
0.01 |
0.01 |
0.30 |
3.24 |
Including |
128.00 |
136.00 |
8.00 |
4.57 |
5.44 |
0.01 |
0.01 |
0.44 |
4.82 |
Including |
128.00 |
133.00 |
5.00 |
6.49 |
6.95 |
0.01 |
0.01 |
0.56 |
6.81 |
Including |
128.00 |
131.00 |
3.00 |
8.42 |
9.31 |
0.01 |
0.01 |
0.88 |
8.89 |
Goat |
GD-23-226 |
Interval |
325.20 |
335.85 |
10.65 |
2.13 |
43.80 |
0.02 |
0.54 |
0.61 |
3.09 |
Including |
327.67 |
334.78 |
7.11 |
3.11 |
57.17 |
0.02 |
0.76 |
0.89 |
4.43 |
Including |
331.67 |
334.78 |
3.11 |
5.09 |
61.62 |
0.02 |
1.34 |
0.65 |
6.56 |
Including |
332.67 |
334.78 |
2.11 |
6.80 |
86.40 |
0.02 |
1.91 |
0.93 |
8.87 |
Interval |
347.90 |
352.85 |
4.95 |
1.31 |
3.41 |
0.01 |
0.04 |
0.09 |
1.41 |
Including |
350.00 |
352.85 |
2.85 |
2.03 |
2.30 |
0.01 |
0.01 |
0.01 |
2.07 |
Interval |
415.00 |
418.00 |
3.00 |
1.99 |
1.51 |
0.01 |
0.00 |
0.02 |
2.03 |
Bear |
GD-23-187 |
Interval |
224.00 |
232.00 |
8.00 |
2.48 |
54.84 |
0.02 |
1.07 |
0.30 |
3.64 |
Including |
226.25 |
231.00 |
4.75 |
4.16 |
91.45 |
0.02 |
1.81 |
0.50 |
6.09 |
Including |
226.25 |
230.00 |
3.75 |
5.25 |
115.20 |
0.03 |
2.28 |
0.63 |
7.69 |
Including |
227.10 |
230.00 |
2.90 |
6.51 |
137.27 |
0.03 |
2.73 |
0.68 |
9.37 |
Bear |
GD-23-183 |
Interval |
282.00 |
285.67 |
3.67 |
0.20 |
36.26 |
0.01 |
0.46 |
0.60 |
1.04 |
Interval |
457.00 |
463.00 |
6.00 |
2.66 |
2.49 |
0.01 |
0.02 |
0.06 |
2.73 |
Including |
458.50 |
462.00 |
3.50 |
4.51 |
3.35 |
0.01 |
0.03 |
0.09 |
4.61 |
Interval |
465.00 |
470.00 |
5.00 |
2.44 |
6.18 |
0.01 |
0.06 |
0.15 |
2.60 |
Including |
466.00 |
469.00 |
3.00 |
4.02 |
9.65 |
0.01 |
0.09 |
0.21 |
4.27 |
Interval |
470.00 |
482.00 |
12.00 |
2.31 |
3.54 |
0.01 |
0.07 |
0.09 |
2.42 |
Including |
471.00 |
481.00 |
10.00 |
2.75 |
4.07 |
0.01 |
0.08 |
0.10 |
2.88 |
Including |
472.00 |
480.00 |
8.00 |
3.42 |
4.79 |
0.01 |
0.10 |
0.11 |
3.57 |
Including |
475.00 |
480.00 |
5.00 |
5.28 |
5.91 |
0.01 |
0.15 |
0.12 |
5.46 |
Including |
475.00 |
478.00 |
3.00 |
6.22 |
8.48 |
0.01 |
0.25 |
0.16 |
6.49 |
Including |
473.00 |
476.00 |
3.00 |
6.26 |
8.67 |
0.01 |
0.25 |
0.20 |
6.55 |
Echidnas |
GD-23-152 |
Interval |
36.00 |
43.85 |
7.85 |
0.87 |
0.99 |
0.01 |
0.00 |
0.03 |
0.91 |
Including |
37.00 |
40.10 |
3.10 |
2.18 |
2.23 |
0.02 |
0.01 |
0.05 |
2.26 |
Interval |
69.00 |
78.00 |
9.00 |
1.05 |
1.15 |
0.00 |
0.01 |
0.08 |
1.10 |
Including |
71.00 |
77.00 |
6.00 |
1.51 |
1.41 |
0.00 |
0.01 |
0.11 |
1.58 |
Including |
74.00 |
77.00 |
3.00 |
2.70 |
1.97 |
0.00 |
0.01 |
0.20 |
2.81 |
Interval |
166.00 |
180.00 |
14.00 |
2.45 |
1.68 |
0.00 |
0.01 |
0.33 |
2.61 |
Including |
167.00 |
178.00 |
11.00 |
3.12 |
2.07 |
0.00 |
0.01 |
0.41 |
3.31 |
and |
166.00 |
169.00 |
3.00 |
2.03 |
6.25 |
0.01 |
0.04 |
1.42 |
2.70 |
Including |
174.00 |
178.00 |
4.00 |
6.92 |
0.74 |
0.00 |
0.01 |
0.03 |
6.94 |
Including |
172.00 |
180.00 |
8.00 |
3.47 |
0.50 |
0.00 |
0.00 |
0.03 |
3.49 |
Including |
177.00 |
178.00 |
1.00 |
27.20 |
1.92 |
0.00 |
0.01 |
0.05 |
27.25 |
Pad 16 |
GD-23-209 |
Interval |
190.00 |
203.00 |
13.00 |
1.98 |
2.17 |
0.01 |
0.01 |
0.12 |
2.07 |
Including |
192.00 |
198.00 |
6.00 |
4.19 |
3.33 |
0.01 |
0.01 |
0.24 |
4.34 |
Including |
195.00 |
198.00 |
3.00 |
7.70 |
4.22 |
0.01 |
0.01 |
0.11 |
7.81 |
Interval |
272.00 |
280.50 |
8.50 |
0.91 |
8.88 |
0.02 |
0.06 |
0.36 |
1.20 |
Including |
274.04 |
278.50 |
4.46 |
1.69 |
15.93 |
0.02 |
0.11 |
0.66 |
2.21 |
Including |
275.10 |
278.50 |
3.40 |
2.02 |
20.24 |
0.03 |
0.14 |
0.84 |
2.68 |
Echidnas |
GD-23-137 |
Interval |
53.71 |
60.00 |
6.29 |
1.67 |
1.45 |
0.00 |
0.00 |
0.01 |
1.70 |
Including |
56.65 |
60.00 |
3.35 |
3.05 |
2.62 |
0.00 |
0.00 |
0.02 |
3.10 |
Interval |
64.00 |
86.00 |
22.00 |
1.58 |
1.40 |
0.00 |
0.02 |
0.03 |
1.62 |
Including |
81.00 |
84.00 |
3.00 |
3.37 |
3.07 |
0.00 |
0.13 |
0.13 |
3.51 |
and |
66.00 |
72.00 |
6.00 |
3.73 |
2.16 |
0.00 |
0.00 |
0.02 |
3.77 |
Including |
66.00 |
71.00 |
5.00 |
4.30 |
2.44 |
0.00 |
0.00 |
0.02 |
4.34 |
Including |
66.00 |
69.00 |
3.00 |
6.05 |
2.99 |
0.00 |
0.00 |
0.02 |
6.10 |
Wolverine |
GD-23-212 |
Interval |
279.00 |
289.00 |
10.00 |
1.66 |
34.39 |
0.01 |
0.11 |
0.09 |
2.15 |
Including |
281.30 |
287.15 |
5.85 |
2.82 |
57.88 |
0.02 |
0.19 |
0.15 |
3.65 |
Including |
282.45 |
287.15 |
4.70 |
3.50 |
71.32 |
0.02 |
0.23 |
0.18 |
4.51 |
Including |
283.58 |
286.30 |
2.72 |
5.95 |
117.97 |
0.02 |
0.33 |
0.26 |
7.59 |
Pad 8 |
GD-23-211 |
Interval |
335.00 |
341.60 |
6.60 |
2.61 |
14.15 |
0.01 |
0.28 |
0.11 |
2.93 |
Including |
335.00 |
339.60 |
4.60 |
3.69 |
19.81 |
0.01 |
0.40 |
0.15 |
4.14 |
Including |
337.61 |
339.60 |
1.99 |
7.64 |
41.00 |
0.01 |
0.86 |
0.20 |
8.52 |
Interval |
395.00 |
398.00 |
3.00 |
1.19 |
58.07 |
0.01 |
1.31 |
0.36 |
2.49 |
Interval |
460.00 |
463.00 |
3.00 |
1.55 |
5.47 |
0.01 |
0.12 |
0.17 |
1.74 |
Pad 8 |
GD-23-195 |
Interval |
274.00 |
279.70 |
5.70 |
2.58 |
27.71 |
0.01 |
0.60 |
0.38 |
3.28 |
Including |
275.85 |
279.70 |
3.85 |
3.76 |
39.96 |
0.02 |
0.88 |
0.55 |
4.78 |
Including |
275.85 |
278.70 |
2.85 |
5.06 |
53.37 |
0.02 |
1.18 |
0.74 |
6.42 |
Lion |
GD-23-154 |
Interval |
247.00 |
255.00 |
8.00 |
1.97 |
3.54 |
0.01 |
0.06 |
0.15 |
2.10 |
Including |
249.00 |
255.00 |
6.00 |
2.60 |
4.54 |
0.01 |
0.09 |
0.20 |
2.78 |
Including |
250.00 |
253.00 |
3.00 |
4.95 |
8.04 |
0.01 |
0.16 |
0.38 |
5.27 |
Interval |
256.00 |
265.00 |
9.00 |
1.03 |
2.51 |
0.01 |
0.01 |
0.11 |
1.12 |
Including |
258.00 |
262.00 |
4.00 |
2.24 |
4.30 |
0.02 |
0.01 |
0.13 |
2.37 |
Including |
257.00 |
259.75 |
2.75 |
3.06 |
5.40 |
0.03 |
0.01 |
0.18 |
3.24 |
Echidnas |
GD-23-148 |
Interval |
38.00 |
44.00 |
6.00 |
2.57 |
3.35 |
0.01 |
0.00 |
0.03 |
2.64 |
Including |
39.00 |
44.00 |
5.00 |
3.06 |
3.92 |
0.01 |
0.00 |
0.04 |
3.14 |
Including |
39.00 |
42.00 |
3.00 |
4.36 |
6.01 |
0.01 |
0.00 |
0.05 |
4.47 |
Interval |
59.00 |
63.00 |
4.00 |
1.40 |
1.58 |
0.01 |
0.01 |
0.03 |
1.44 |
Mole |
GD-23-120 |
Interval |
0.60 |
8.00 |
7.40 |
1.00 |
41.54 |
0.04 |
0.16 |
0.24 |
1.69 |
Including |
0.60 |
5.25 |
4.65 |
1.57 |
64.62 |
0.06 |
0.24 |
0.26 |
2.60 |
Including |
0.60 |
3.40 |
2.80 |
2.58 |
99.75 |
0.08 |
0.39 |
0.35 |
4.14 |
Including |
0.60 |
2.40 |
1.80 |
3.97 |
149.30 |
0.11 |
0.60 |
0.49 |
6.28 |
Mole |
GD-23-138 |
Interval |
9.00 |
15.00 |
6.00 |
0.28 |
24.27 |
0.01 |
0.41 |
1.34 |
1.26 |
Including |
9.00 |
12.00 |
3.00 |
0.53 |
47.64 |
0.02 |
0.82 |
2.28 |
2.31 |
Interval |
169.00 |
180.20 |
11.20 |
0.96 |
2.42 |
0.01 |
0.03 |
0.03 |
1.02 |
Including |
174.00 |
179.35 |
5.35 |
1.97 |
3.96 |
0.01 |
0.06 |
0.06 |
2.08 |
Including |
174.00 |
177.05 |
3.05 |
3.19 |
4.90 |
0.01 |
0.09 |
0.02 |
3.30 |
Koala |
GD-23-162 |
Interval |
7.00 |
12.00 |
5.00 |
0.94 |
1.47 |
0.03 |
0.00 |
0.01 |
1.00 |
Including |
8.00 |
11.00 |
3.00 |
1.48 |
1.65 |
0.05 |
0.00 |
0.01 |
1.56 |
Interval |
35.00 |
48.00 |
13.00 |
1.04 |
1.83 |
0.00 |
0.01 |
0.03 |
1.08 |
Including |
37.00 |
43.00 |
6.00 |
2.06 |
1.78 |
0.00 |
0.01 |
0.02 |
2.09 |
Including |
37.00 |
40.00 |
3.00 |
3.44 |
1.21 |
0.00 |
0.01 |
0.01 |
3.46 |
Beaver |
GD-23-182 |
Interval |
38.00 |
42.00 |
4.00 |
2.60 |
3.64 |
0.00 |
0.00 |
0.26 |
2.75 |
Including |
39.00 |
41.00 |
2.00 |
4.99 |
6.64 |
0.00 |
0.00 |
0.51 |
5.27 |
Quoll |
GD-23-114 |
Interval |
61.00 |
67.00 |
6.00 |
1.11 |
1.24 |
0.00 |
0.00 |
0.02 |
1.14 |
Interval |
96.00 |
100.00 |
4.00 |
1.02 |
1.21 |
0.00 |
0.00 |
0.02 |
1.05 |
Interval |
106.00 |
112.00 |
6.00 |
1.03 |
2.24 |
0.00 |
0.00 |
0.24 |
1.16 |
Including |
108.00 |
110.89 |
2.89 |
2.09 |
3.03 |
0.01 |
0.00 |
0.49 |
2.33 |
Interval |
483.00 |
486.00 |
3.00 |
4.20 |
0.50 |
0.00 |
0.00 |
0.01 |
4.22 |
Beaver |
GD-23-192 |
Interval |
39.00 |
42.00 |
3.00 |
2.32 |
14.83 |
0.01 |
0.55 |
0.64 |
2.95 |
Interval |
258.00 |
261.00 |
3.00 |
1.24 |
4.86 |
0.02 |
0.02 |
0.19 |
1.41 |
Ant |
GD-23-143 |
Interval |
23.00 |
28.00 |
5.00 |
1.22 |
1.91 |
0.01 |
0.00 |
0.01 |
1.26 |
Including |
24.00 |
27.00 |
3.00 |
2.02 |
2.67 |
0.01 |
0.01 |
0.01 |
2.07 |
Including |
25.00 |
26.00 |
1.00 |
6.01 |
3.83 |
0.01 |
0.01 |
0.02 |
6.08 |
Interval |
28.00 |
31.00 |
3.00 |
2.08 |
4.05 |
0.01 |
0.01 |
0.01 |
2.15 |
Including |
30.00 |
31.00 |
1.00 |
6.18 |
11.00 |
0.03 |
0.01 |
0.01 |
6.36 |
Lion |
GD-23-178 |
Interval |
268.00 |
271.00 |
3.00 |
1.32 |
2.22 |
0.01 |
0.01 |
0.09 |
1.39 |
Interval |
280.00 |
283.00 |
3.00 |
1.27 |
2.65 |
0.01 |
0.02 |
0.06 |
1.35 |
Interval |
302.00 |
312.00 |
10.00 |
0.89 |
3.69 |
0.01 |
0.01 |
0.16 |
1.02 |
Including |
303.00 |
306.00 |
3.00 |
2.49 |
9.41 |
0.01 |
0.02 |
0.47 |
2.82 |
Interval |
319.00 |
324.00 |
5.00 |
0.94 |
1.71 |
0.01 |
0.01 |
0.12 |
1.02 |
Including |
320.00 |
324.00 |
4.00 |
1.14 |
1.82 |
0.01 |
0.00 |
0.14 |
1.23 |
Interval |
355.00 |
366.00 |
11.00 |
0.91 |
3.89 |
0.01 |
0.04 |
0.05 |
1.00 |
Including |
361.00 |
364.00 |
3.00 |
1.98 |
4.19 |
0.01 |
0.07 |
0.03 |
2.08 |
Ape |
GD-23-219 |
Interval |
192.00 |
201.15 |
9.15 |
0.71 |
1.12 |
0.01 |
0.01 |
0.07 |
0.76 |
Including |
193.00 |
196.00 |
3.00 |
1.81 |
1.37 |
0.01 |
0.00 |
0.05 |
1.85 |
Including |
194.00 |
195.00 |
1.00 |
5.20 |
2.80 |
0.01 |
0.00 |
0.15 |
5.30 |
Interval |
205.30 |
217.50 |
12.20 |
0.58 |
9.77 |
0.02 |
0.22 |
0.26 |
0.91 |
Including |
205.30 |
208.50 |
3.20 |
0.70 |
6.02 |
0.01 |
0.14 |
0.17 |
0.91 |
Including |
205.30 |
206.30 |
1.00 |
1.96 |
3.31 |
0.02 |
0.07 |
0.11 |
2.09 |
and |
214.65 |
217.50 |
2.85 |
1.33 |
25.10 |
0.05 |
0.59 |
0.61 |
2.14 |
Interval |
320.30 |
328.30 |
8.00 |
0.96 |
2.03 |
0.01 |
0.05 |
0.09 |
1.04 |
Including |
322.30 |
327.30 |
5.00 |
1.43 |
2.89 |
0.01 |
0.07 |
0.13 |
1.55 |
Including |
324.30 |
327.30 |
3.00 |
1.42 |
2.88 |
0.01 |
0.08 |
0.15 |
1.55 |
Pad 8 |
GD-23-229 |
Interval |
213.50 |
216.35 |
2.85 |
2.35 |
7.87 |
0.01 |
0.17 |
0.30 |
2.63 |
Echidnas |
GD-23-142 |
Interval |
119.00 |
126.00 |
7.00 |
1.02 |
0.41 |
0.00 |
0.00 |
0.03 |
1.04 |
Including |
119.00 |
122.00 |
3.00 |
2.34 |
0.48 |
0.01 |
0.00 |
0.02 |
2.36 |
Interval |
149.00 |
153.00 |
4.00 |
1.02 |
1.72 |
0.01 |
0.01 |
0.07 |
1.08 |
Koala |
GD-23-156 |
Interval |
10.00 |
13.00 |
3.00 |
2.50 |
3.03 |
0.00 |
0.01 |
0.02 |
2.55 |
Pad 8 |
GD-23-218 |
Interval |
204.50 |
206.90 |
2.40 |
0.99 |
3.56 |
0.01 |
0.04 |
0.08 |
1.10 |
Interval |
344.58 |
351.45 |
6.87 |
0.97 |
13.19 |
0.01 |
0.26 |
0.08 |
1.26 |
Including |
346.85 |
350.30 |
3.45 |
1.67 |
22.41 |
0.01 |
0.46 |
0.14 |
2.17 |
Interval |
396.00 |
400.00 |
4.00 |
1.09 |
1.48 |
0.01 |
0.00 |
0.04 |
1.13 |
Including |
397.00 |
400.00 |
3.00 |
1.44 |
1.67 |
0.01 |
0.00 |
0.05 |
1.49 |
Koala |
GD-23-153 |
Interval |
11.00 |
17.00 |
6.00 |
0.49 |
2.24 |
0.01 |
0.01 |
0.03 |
0.54 |
Including |
12.00 |
15.00 |
3.00 |
0.87 |
2.45 |
0.01 |
0.01 |
0.05 |
0.93 |
Interval |
116.00 |
121.00 |
5.00 |
0.98 |
1.35 |
0.00 |
0.01 |
0.19 |
1.08 |
Including |
117.00 |
120.00 |
3.00 |
1.61 |
2.16 |
0.01 |
0.01 |
0.30 |
1.77 |
Interval |
123.00 |
129.00 |
6.00 |
1.49 |
0.56 |
0.00 |
0.01 |
0.02 |
1.51 |
Including |
124.00 |
128.00 |
4.00 |
2.22 |
0.69 |
0.01 |
0.01 |
0.02 |
2.25 |
Mole |
GD-23-145 |
Interval |
8.20 |
13.00 |
4.80 |
0.23 |
4.13 |
0.01 |
0.04 |
1.40 |
0.87 |
Including |
8.20 |
12.00 |
3.80 |
0.27 |
4.89 |
0.02 |
0.05 |
1.54 |
0.98 |
Including |
8.20 |
11.03 |
2.83 |
0.35 |
6.24 |
0.02 |
0.07 |
2.06 |
1.30 |
Interval |
33.00 |
36.00 |
3.00 |
0.16 |
16.38 |
0.01 |
0.35 |
1.81 |
1.21 |
Including |
34.00 |
35.00 |
1.00 |
0.44 |
45.60 |
0.01 |
1.04 |
5.39 |
3.50 |
Koala |
GD-23-158 |
Interval |
14.50 |
20.00 |
5.50 |
0.95 |
3.50 |
0.01 |
0.01 |
0.03 |
1.02 |
Including |
14.50 |
17.85 |
3.35 |
1.52 |
4.01 |
0.01 |
0.01 |
0.03 |
1.59 |
Ostrich |
GD-23-166 |
Interval |
22.00 |
31.00 |
9.00 |
0.50 |
2.36 |
0.01 |
0.02 |
0.10 |
0.58 |
Including |
22.00 |
29.00 |
7.00 |
0.63 |
2.47 |
0.01 |
0.02 |
0.11 |
0.73 |
Including |
24.00 |
26.00 |
2.00 |
1.51 |
3.43 |
0.01 |
0.05 |
0.32 |
1.70 |
Pad 8 |
GD-23-200 |
Interval |
254.60 |
257.80 |
3.20 |
0.92 |
3.76 |
0.01 |
0.03 |
0.10 |
1.03 |
Interval |
270.00 |
275.00 |
5.00 |
0.81 |
9.91 |
0.01 |
0.14 |
0.13 |
1.04 |
Including |
271.10 |
274.00 |
2.90 |
1.35 |
15.04 |
0.01 |
0.22 |
0.20 |
1.70 |
Wolverine |
GD-23-202 |
Interval |
243.00 |
247.55 |
4.55 |
0.77 |
9.23 |
0.01 |
0.11 |
0.19 |
1.00 |
Bear |
GD-23-214 |
Interval |
309.00 |
312.00 |
3.00 |
1.06 |
1.62 |
0.01 |
0.01 |
0.06 |
1.12 |
Interval |
316.00 |
319.00 |
3.00 |
0.82 |
4.43 |
0.01 |
0.04 |
0.28 |
1.01 |
Koala |
GD-23-159 |
Interval |
18.00 |
21.00 |
3.00 |
0.97 |
5.31 |
0.01 |
0.01 |
0.03 |
1.06 |
Interval |
28.00 |
31.00 |
3.00 |
0.68 |
19.27 |
0.00 |
0.62 |
0.20 |
1.20 |
Ant |
GD-23-132 |
Interval |
30.00 |
35.85 |
5.85 |
0.56 |
3.11 |
0.02 |
0.01 |
0.04 |
0.64 |
Including |
32.68 |
35.85 |
3.17 |
1.01 |
4.70 |
0.03 |
0.01 |
0.04 |
1.12 |
Wolverine |
GD-23-231 |
Interval |
277.00 |
280.00 |
3.00 |
1.02 |
4.77 |
0.02 |
0.01 |
0.06 |
1.12 |
Beaver |
GD-23-198 |
Interval |
60.00 |
63.00 |
3.00 |
0.95 |
1.44 |
0.01 |
0.01 |
0.01 |
0.98 |
Including |
60.00 |
62.00 |
2.00 |
1.32 |
2.04 |
0.01 |
0.01 |
0.01 |
1.37 |
Lion |
GD-23-160 |
Interval |
309.90 |
313.00 |
3.10 |
0.63 |
3.33 |
0.01 |
0.05 |
0.14 |
0.76 |
Interval |
382.00 |
385.00 |
3.00 |
0.60 |
4.13 |
0.01 |
0.02 |
0.07 |
0.69 |
Echidnas |
GD-23-146 |
Interval |
30.50 |
35.00 |
4.50 |
0.50 |
0.40 |
0.01 |
0.00 |
0.01 |
0.52 |
Wolverine |
GD-23-233 |
Interval |
316.84 |
317.58 |
0.74 |
2.32 |
12.35 |
0.02 |
0.29 |
0.07 |
2.62 |
Mole |
GD-23-125 |
Interval |
2.60 |
6.00 |
3.40 |
0.18 |
13.66 |
0.02 |
0.09 |
0.34 |
0.54 |
Quoll |
GD-23-112 |
Interval |
26.00 |
32.00 |
6.00 |
0.25 |
0.91 |
0.00 |
0.00 |
0.01 |
0.27 |
Including |
133.30 |
136.00 |
2.70 |
0.23 |
1.90 |
0.00 |
0.00 |
0.29 |
0.38 |
Lion |
GD-23-175 |
Interval |
327.00 |
330.00 |
3.00 |
0.48 |
1.22 |
0.01 |
0.00 |
0.01 |
0.51 |
Mole |
GD-23-141 |
Interval |
14.95 |
17.80 |
2.85 |
0.04 |
4.78 |
0.02 |
0.02 |
0.93 |
0.50 |
Beaver |
GD-23-201 |
Interval |
111.54 |
114.54 |
3.00 |
0.38 |
0.64 |
0.03 |
0.00 |
0.03 |
0.44 |
Opossum |
GD-23-124 |
Interval |
88.00 |
91.00 |
3.00 |
0.36 |
1.83 |
0.00 |
0.00 |
0.04 |
0.41 |
Ape |
GD-23-216 |
Interval |
127.20 |
130.20 |
3.00 |
0.35 |
1.07 |
0.01 |
0.01 |
0.03 |
0.39 |
Mole |
GD-23-117 |
Interval |
20.00 |
23.00 |
3.00 |
0.04 |
3.33 |
0.00 |
0.03 |
0.41 |
0.26 |
Koala |
GD-23-163 |
Interval |
6.70 |
9.70 |
3.00 |
0.12 |
2.33 |
0.08 |
0.00 |
0.01 |
0.25 |
Mole |
GD-23-131 |
Interval |
2.05 |
5.00 |
2.95 |
0.12 |
4.88 |
0.02 |
0.03 |
0.11 |
0.25 |
Ape |
GD-23-232 |
Interval |
206.00 |
209.00 |
3.00 |
0.19 |
0.30 |
0.00 |
0.00 |
0.01 |
0.20 |
Buffalo |
GD-23-223 |
Interval |
9.20 |
12.00 |
2.80 |
0.17 |
0.46 |
0.00 |
0.00 |
0.01 |
0.18 |
Mole |
GD-23-128 |
Interval |
19.52 |
22.05 |
2.53 |
0.17 |
0.36 |
0.00 |
0.01 |
0.02 |
0.19 |
Opossum |
GD-23-121 |
Interval |
124.50 |
127.05 |
2.55 |
0.04 |
3.34 |
0.02 |
0.01 |
0.18 |
0.18 |
Opossum |
GD-23-129 |
Interval |
119.00 |
122.00 |
3.00 |
0.12 |
0.35 |
0.00 |
0.00 |
0.01 |
0.13 |
Ostrich |
GD-23-168 |
Interval |
28.00 |
31.00 |
3.00 |
0.08 |
1.42 |
0.01 |
0.01 |
0.01 |
0.12 |
Ant |
GD-23-123 |
Interval |
29.00 |
32.00 |
3.00 |
0.03 |
3.37 |
0.02 |
0.01 |
0.01 |
0.10 |
Cicadas |
GD-23-147 |
Interval |
88.00 |
91.00 |
3.00 |
0.03 |
0.84 |
0.01 |
0.01 |
0.03 |
0.06 |
Cicadas |
GD-23-144 |
Interval |
77.00 |
80.00 |
3.00 |
0.03 |
1.20 |
0.00 |
0.01 |
0.01 |
0.06 |
Ant |
GD-23-134 |
Interval |
30.17 |
33.00 |
2.83 |
0.03 |
1.15 |
0.01 |
0.00 |
0.01 |
0.06 |
Buffalo |
GD-23-227 |
Interval |
27.50 |
30.10 |
2.60 |
0.03 |
0.74 |
0.01 |
0.00 |
0.01 |
0.06 |
Ostrich |
GD-23-169 |
Interval |
70.00 |
73.00 |
3.00 |
0.03 |
0.62 |
0.00 |
0.00 |
0.02 |
0.05 |
Ant |
GD-23-139 |
Interval |
118.00 |
121.00 |
3.00 |
0.03 |
0.67 |
0.01 |
0.00 |
0.01 |
0.05 |
Goat |
GD-23-234 |
Interval |
2.50 |
5.15 |
2.65 |
0.03 |
0.19 |
0.01 |
0.00 |
0.01 |
0.04 |
Table 2: Selected 2023 Golddigger drill
hole assay results for step-out exploratory scout
drilling.
Pad ID |
Hole ID |
|
From (m) |
To (m) |
Interval (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Pb (%) |
Zn (%) |
AuEq (g/t) |
Eagle's Nest |
GD-23-181 |
Interval |
374.00 |
377.00 |
3.00 |
0.24 |
4.95 |
0.01 |
0.03 |
0.10 |
0.36 |
Ant |
GD-23-136 |
Interval |
32.44 |
35.00 |
2.56 |
0.15 |
12.66 |
0.02 |
0.01 |
0.01 |
0.34 |
Kahuna |
GD-23-193 |
Interval |
49.90 |
53.00 |
3.10 |
0.23 |
2.13 |
0.00 |
0.06 |
0.00 |
0.28 |
Kahuna |
GD-23-186 |
Interval |
50.55 |
53.85 |
3.30 |
0.12 |
5.33 |
0.01 |
0.02 |
0.08 |
0.23 |
Eagle's Nest |
GD-23-176 |
Interval |
384.00 |
387.00 |
3.00 |
0.17 |
2.26 |
0.01 |
0.00 |
0.03 |
0.22 |
Humdinger |
GD-23-185 |
Interval |
515.00 |
518.00 |
3.00 |
0.03 |
4.19 |
0.01 |
0.00 |
0.26 |
0.19 |
Eagle's Nest |
GD-23-177 |
Interval |
371.20 |
374.00 |
2.80 |
0.07 |
3.93 |
0.01 |
0.03 |
0.07 |
0.16 |
Payday |
GD-23-213 |
Interval |
98.50 |
101.05 |
2.55 |
0.15 |
0.58 |
0.01 |
0.00 |
0.01 |
0.18 |
Kahuna |
GD-23-191 |
Interval |
50.00 |
53.15 |
3.15 |
0.09 |
2.49 |
0.00 |
0.06 |
0.00 |
0.14 |
Humdinger |
GD-23-199 |
Interval |
267.00 |
270.00 |
3.00 |
0.03 |
0.71 |
0.01 |
0.00 |
0.10 |
0.08 |
Payday |
GD-23-215 |
Interval |
17.85 |
20.55 |
2.70 |
0.07 |
0.34 |
0.00 |
0.01 |
0.02 |
0.09 |
Humdinger |
GD-23-208 |
Interval |
277.00 |
280.00 |
3.00 |
0.03 |
0.69 |
0.00 |
0.00 |
0.02 |
0.05 |
Outpost |
GD-23-222 |
Interval |
20.00 |
23.00 |
3.00 |
0.03 |
0.90 |
0.00 |
0.00 |
0.02 |
0.05 |
Humdinger |
GD-23-205 |
Interval |
250.00 |
253.00 |
3.00 |
0.03 |
0.63 |
0.01 |
0.00 |
0.01 |
0.04 |
Outpost |
GD-23-204 |
Interval |
54.00 |
57.00 |
3.00 |
0.03 |
0.41 |
0.01 |
0.00 |
0.02 |
0.04 |
Outpost |
GD-23-210 |
Interval |
53.00 |
56.00 |
3.00 |
0.03 |
0.35 |
0.01 |
0.00 |
0.01 |
0.04 |
Kahuna |
GD-23-190 |
Interval |
11.00 |
14.00 |
3.00 |
1.66 |
81.57 |
0.00 |
0.15 |
0.00 |
0.04 |
Table 3: Collar information for the
drill hole reported in this news release.
Drillhole ID |
Easting |
Northing |
CRS |
Azimuth |
Dip |
Length (m) |
GD-23-112 |
6162481 |
458039 |
NAD83 / UTM zone 9N |
30 |
60 |
209.5 |
GD-23-113 |
6162481 |
458036 |
NAD83 / UTM zone 9N |
315 |
55 |
265 |
GD-23-114 |
6162479 |
458037 |
NAD83 / UTM zone 9N |
265 |
70 |
764 |
GD-23-117 |
6163334 |
456706 |
NAD83 / UTM zone 9N |
30 |
85 |
314 |
GD-23-119 |
6162479 |
458040 |
NAD83 / UTM zone 9N |
135 |
60 |
259 |
GD-23-120 |
6163335 |
456706 |
NAD83 / UTM zone 9N |
30 |
45 |
175 |
GD-23-121 |
6162525 |
458064 |
NAD83 / UTM zone 9N |
330 |
50 |
181 |
GD-23-123 |
6167284 |
456223 |
NAD83 / UTM zone 9N |
30 |
60 |
245 |
GD-23-124 |
6162525 |
458064 |
NAD83 / UTM zone 9N |
265 |
85 |
192 |
GD-23-125 |
6163335 |
456706 |
NAD83 / UTM zone 9N |
15 |
55 |
96 |
GD-23-127 |
6162523 |
458068 |
NAD83 / UTM zone 9N |
265 |
55 |
187 |
GD-23-128 |
6163334 |
456704 |
NAD83 / UTM zone 9N |
340 |
60 |
146 |
GD-23-129 |
6162523 |
458063 |
NAD83 / UTM zone 9N |
85 |
55 |
181.6 |
GD-23-130 |
6162966 |
457719 |
NAD83 / UTM zone 9N |
160 |
55 |
92 |
GD-23-131 |
6163335 |
456704 |
NAD83 / UTM zone 9N |
350 |
45 |
114 |
GD-23-132 |
6167284 |
456225 |
NAD83 / UTM zone 9N |
80 |
45 |
106 |
GD-23-133 |
6162417 |
457853 |
NAD83 / UTM zone 9N |
30 |
85 |
124 |
GD-23-134 |
6167284 |
456225 |
NAD83 / UTM zone 9N |
80 |
60 |
61 |
GD-23-136 |
6167283 |
456225 |
NAD83 / UTM zone 9N |
100 |
55 |
55 |
GD-23-137 |
6162418 |
457853 |
NAD83 / UTM zone 9N |
30 |
60 |
127 |
GD-23-138 |
6163335 |
456706 |
NAD83 / UTM zone 9N |
75 |
48 |
200 |
GD-23-139 |
6167281 |
456224 |
NAD83 / UTM zone 9N |
130 |
60 |
166 |
GD-23-140 |
6162418 |
457852 |
NAD83 / UTM zone 9N |
340 |
60 |
276 |
GD-23-141 |
6163331 |
456705 |
NAD83 / UTM zone 9N |
180 |
60 |
227 |
GD-23-142 |
6162415 |
457850 |
NAD83 / UTM zone 9N |
250 |
60 |
168 |
GD-23-143 |
6167284 |
456224 |
NAD83 / UTM zone 9N |
60 |
45 |
82 |
GD-23-144 |
6167248 |
456189 |
NAD83 / UTM zone 9N |
30 |
50 |
208 |
GD-23-145 |
6163332 |
456706 |
NAD83 / UTM zone 9N |
134 |
60 |
116 |
GD-23-146 |
6162413 |
457851 |
NAD83 / UTM zone 9N |
210 |
70 |
160 |
GD-23-147 |
6167248 |
456189 |
NAD83 / UTM zone 9N |
0 |
50 |
97 |
GD-23-148 |
6162414 |
457854 |
NAD83 / UTM zone 9N |
134 |
60 |
157 |
GD-23-152 |
6162413 |
457853 |
NAD83 / UTM zone 9N |
170 |
60 |
181 |
GD-23-153 |
6162304 |
457888 |
NAD83 / UTM zone 9N |
30 |
80 |
149 |
GD-23-154 |
6162839 |
456854 |
NAD83 / UTM zone 9N |
30 |
85 |
317 |
GD-23-155 |
6162305 |
457888 |
NAD83 / UTM zone 9N |
30 |
55 |
97 |
GD-23-156 |
6162303 |
457890 |
NAD83 / UTM zone 9N |
70 |
60 |
100 |
GD-23-158 |
6162301 |
457889 |
NAD83 / UTM zone 9N |
134 |
60 |
102 |
GD-23-159 |
6162299 |
487889 |
NAD83 / UTM zone 9N |
170 |
55 |
111 |
GD-23-160 |
6162839 |
456856 |
NAD83 / UTM zone 9N |
65 |
55 |
398 |
GD-23-162 |
6162300 |
457884 |
NAD83 / UTM zone 9N |
215 |
50 |
103 |
GD-23-163 |
6162302 |
457884 |
NAD83 / UTM zone 9N |
245 |
50 |
100 |
GD-23-166 |
6162273 |
457986 |
NAD83 / UTM zone 9N |
330 |
50 |
137 |
GD-23-168 |
6162275 |
457988 |
NAD83 / UTM zone 9N |
0 |
50 |
110 |
GD-23-169 |
6162274 |
457989 |
NAD83 / UTM zone 9N |
30 |
60 |
104 |
GD-23-171 |
6162272 |
457986 |
NAD83 / UTM zone 9N |
270 |
50 |
82 |
GD-23-172 |
6162270 |
457987 |
NAD83 / UTM zone 9N |
225 |
60 |
121 |
GD-23-174 |
6162269 |
457990 |
NAD83 / UTM zone 9N |
134 |
60 |
100 |
GD-23-175 |
6162835 |
456853 |
NAD83 / UTM zone 9N |
190 |
85 |
417 |
GD-23-176 |
6162695 |
458320 |
NAD83 / UTM zone 9N |
210 |
60 |
401 |
GD-23-177 |
6162695 |
458320 |
NAD83 / UTM zone 9N |
230 |
60 |
392 |
GD-23-178 |
6162840 |
456853 |
NAD83 / UTM zone 9N |
344 |
55 |
406 |
GD-23-181 |
6162703 |
458317 |
NAD83 / UTM zone 9N |
230 |
60 |
400 |
GD-23-182 |
6162377 |
457595 |
NAD83 / UTM zone 9N |
20 |
60 |
662 |
GD-23-183 |
6162680 |
457337 |
NAD83 / UTM zone 9N |
100 |
65 |
507 |
GD-23-185 |
6161257 |
458369 |
NAD83 / UTM zone 9N |
0 |
55 |
573 |
GD-23-186 |
6164264 |
457639 |
NAD83 / UTM zone 9N |
0 |
50 |
285 |
GD-23-187 |
6162454 |
457570 |
NAD83 / UTM zone 9N |
45 |
55 |
270 |
GD-23-189 |
6164265 |
457639 |
NAD83 / UTM zone 9N |
20 |
55 |
75 |
GD-23-190 |
6164265 |
457640 |
NAD83 / UTM zone 9N |
40 |
55 |
76 |
GD-23-191 |
6164264 |
457638 |
NAD83 / UTM zone 9N |
0 |
70 |
61 |
GD-23-192 |
6162376 |
457594 |
NAD83 / UTM zone 9N |
355 |
50 |
332 |
GD-23-193 |
6164264 |
457638 |
NAD83 / UTM zone 9N |
340 |
50 |
177 |
GD-23-195 |
6163108 |
456993 |
NAD83 / UTM zone 9N |
40 |
70 |
321 |
GD-23-196 |
6162375 |
457592 |
NAD83 / UTM zone 9N |
285 |
65 |
52 |
GD-23-198 |
6162374 |
457592 |
NAD83 / UTM zone 9N |
285 |
65 |
269 |
GD-23-199 |
6161256 |
458638 |
NAD83 / UTM zone 9N |
330 |
50 |
384 |
GD-23-200 |
6163108 |
456993 |
NAD83 / UTM zone 9N |
46 |
46 |
354 |
GD-23-201 |
6162374 |
457592 |
NAD83 / UTM zone 9N |
285 |
85 |
239 |
GD-23-202 |
6163082 |
457303 |
NAD83 / UTM zone 9N |
22 |
60 |
791 |
GD-23-204 |
6160104 |
461360 |
NAD83 / UTM zone 9N |
265 |
45 |
177 |
GD-23-205 |
6162556 |
458369 |
NAD83 / UTM zone 9N |
330 |
85 |
333 |
GD-23-206 |
6162787 |
457499 |
NAD83 / UTM zone 9N |
140 |
50 |
264 |
GD-23-208 |
6161251 |
458640 |
NAD83 / UTM zone 9N |
180 |
70 |
393 |
GD-23-209 |
6162787 |
457499 |
NAD83 / UTM zone 9N |
140 |
65 |
397 |
GD-23-210 |
6160104 |
461360 |
NAD83 / UTM zone 9N |
265 |
45 |
409 |
GD-23-211 |
6163108 |
456993 |
NAD83 / UTM zone 9N |
150 |
65 |
469 |
GD-23-212 |
6163082 |
457303 |
NAD83 / UTM zone 9N |
120 |
90 |
515 |
GD-23-213 |
6166622 |
453976 |
NAD83 / UTM zone 9N |
140 |
50 |
136 |
GD-23-214 |
6162454 |
457570 |
NAD83 / UTM zone 9N |
280 |
70 |
357 |
GD-23-215 |
6166622 |
453976 |
NAD83 / UTM zone 9N |
170 |
50 |
97 |
GD-23-216 |
6162501 |
457149 |
NAD83 / UTM zone 9N |
95 |
85 |
142 |
GD-23-217 |
6161851 |
458935 |
NAD83 / UTM zone 9N |
90 |
45 |
193 |
GD-23-218 |
6163108 |
456993 |
NAD83 / UTM zone 9N |
230 |
70 |
464 |
GD-23-219 |
6162501 |
457149 |
NAD83 / UTM zone 9N |
95 |
50 |
429 |
GD-23-220 |
6163082 |
457303 |
NAD83 / UTM zone 9N |
50 |
75 |
311 |
GD-23-221 |
6162454 |
457570 |
NAD83 / UTM zone 9N |
70 |
70 |
273 |
GD-23-222 |
6160104 |
461360 |
NAD83 / UTM zone 9N |
265 |
75 |
61 |
GD-23-223 |
6161851 |
458935 |
NAD83 / UTM zone 9N |
70 |
45 |
120 |
GD-23-224 |
6161793 |
457320 |
NAD83 / UTM zone 9N |
310 |
50 |
57 |
GD-23-225 |
6161793 |
457320 |
NAD83 / UTM zone 9N |
0 |
50 |
51 |
GD-23-226 |
6162918 |
457375 |
NAD83 / UTM zone 9N |
140 |
69 |
653 |
GD-23-227 |
6161851 |
458935 |
NAD83 / UTM zone 9N |
60 |
45 |
96 |
GD-23-228 |
6161793 |
457320 |
NAD83 / UTM zone 9N |
280 |
50 |
42 |
GD-23-229 |
6163108 |
456993 |
NAD83 / UTM zone 9N |
355 |
55 |
360 |
GD-23-230 |
6161793 |
457320 |
NAD83 / UTM zone 9N |
30 |
50 |
24 |
GD-23-231 |
6163082 |
457303 |
NAD83 / UTM zone 9N |
50 |
55 |
329 |
GD-23-232 |
6162501 |
457149 |
NAD83 / UTM zone 9N |
134 |
50 |
222 |
GD-23-233 |
6163082 |
457303 |
NAD83 / UTM zone 9N |
305 |
58 |
332 |
GD-23-234 |
6162918 |
457375 |
NAD83 / UTM zone 9N |
130 |
65 |
172 |
Golddigger Property
The Golddigger Property is 100 % controlled
covering an area of an area of 61,685 hectares (152,427 acres) and
is in the world class geological setting of the Eskay Rift within
the Golden Triangle of British Columbia and within 3 kilometers of
the ‘Red Line’ that is host to multiple world class deposits. The
Surebet discovery has exceptional metallurgy with gold recoveries
of 92.2% inclusive of 48.8% free gold from gravity alone at a
327-micrometer crush (no deleterious elements and no cyanide
required to recover the gold based on metallurgical work completed
to date).
It is in an excellent location close in
proximity to the communities of Alice Arm and Kitsault where there
is permitted mill site on private property. It is situated on tide
water with direct barge access to Prince Rupert (190 kilometers via
the Observatory inlet/Portland inlet). The town of Kitsault is
accessible by road (190 kilometers from Terrace, 300 kilometers
from Prince Rupert) and has a barge landing, dock, and
infrastructure capable of housing at least 300 people, including
high-tension power. Additional infrastructure in the area includes
the Dolly Varden Silver Mine Road (only 7 kilometers to the East of
the Surebet discovery) with direct road access to Alice Arm barge
landing (18 kilometers to the south of the Surebet discovery) and
high-tension power (25 kilometers to the East of Surebet
discovery).
The city of Terrace (population 16,000) provides
access to railway, major highways, and airport with supplies (food,
fuel, lumber, etc.), while the town of Prince Rupert (population
12,000) is located on the west coast and houses an international
container seaport also with direct access to railway and an airport
with supplies.
Qualified Person
Rein Turna P. Geo is the qualified person as
defined by National Instrument 43-101, for Goliath Resource Limited
projects, and supervised the preparation of, and has reviewed and
approved, the technical information in this release.
Other
Oriented HQ-diameter or NQ-diameter diamond
drill core from the drill campaign is placed in core boxes by the
drill crew contracted by the Company. Core boxes are transported by
helicopter to the staging area, and then transported by truck to
the core shack. The core is then re-orientated, meterage blocks are
checked, meter marks are labelled, Recovery and RQD measurements
taken, and primary bedding and secondary structural features
including veins, dykes, cleavage, and shears are noted and
measured. The core is then described and transcribed in MX
DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM
software and data from the 2017-2022 exploration campaigns. Drill
core containing quartz breccia, stockwork, veining and/or
sulphide(s), or notable alteration are sampled in lengths of 0.5 to
1.5 meters. Core samples are cut lengthwise in half, one-half
remains in the box and the other half is inserted in a clean
plastic bag with a sample tag. Standards, blanks and duplicates
were added in the sample stream at a rate of 10%.
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 meters) 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 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 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
Widths are reported in drill core lengths and
the true widths are estimated to be 80-90% and AuEq metal values
are calculated using: AuEq metal values are calculated using: Au
1924.79 USD/oz, Ag 22.76 USD/oz, Cu 3.75 USD/lbs, Pb 2128.75
USD/ton and Zn 2468.50 USD/ton on December 23, 2023. There is
potential for economic recovery of gold, silver, copper, lead, and
zinc from these occurrences based on other mining and exploration
projects in the same Golden Triangle Mining Camp where Goliath’s
project is located such as the Homestake Ridge Gold Project (Auryn
Resources Technical Report, Updated Mineral Resource Estimate and
Preliminary Economic Assessment on the Homestake Ridge Gold
Project, prepared by Minefill Services Inc. Bothell, Washington,
dated May 29, 2020). Here, AuEq values were calculated using 3-year
running averages for metal price, and included provisions for
metallurgical recoveries, treatment charges, refining costs, and
transportation. Recoveries for Gold were 85.5%, Silver at 74.6%,
Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can
be recovered with the Copper at the same recovery rate of 74.6%.
The quoted reference of metallurgical recoveries is not from
Goliath’s Golddigger Project, Surebet Zone mineralization, and
there is no guarantee that such recoveries will ever be achieved,
unless detailed metallurgical work such as in a Feasibility Study
can be eventually completed on the Golddigger Project.
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 the Company to
complete 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.
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 applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein.
This announcement does not constitute an offer,
invitation, or recommendation to subscribe for or purchase any
securities and neither this announcement nor anything contained in
it shall form the basis of any contract or commitment. In
particular, this announcement does not constitute an offer to sell,
or a solicitation of an offer to buy, securities in the United
States, or in any other jurisdiction in which such an offer would
be illegal.
The securities referred to herein have not been
and will not be will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”), or
any state securities laws and may not be offered or sold within the
United States or to or for the account or benefit of a U.S. person
(as defined in Regulation S under the U.S. Securities Act) unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
NOT FOR DISSEMINATION IN THE UNITED
STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT
CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED
HEREIN.
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