Goliath Identifies New Outcropping Au-Cu-Ag Bullseye Porphyry Zone at Its Luckystrike Property, British Columbia

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 (including chalcopyrite and bornite) 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 ...
    

• Potassic alteration (characterized by roughly 2% or more K values) is a very compelling porphyry indicator when seen in combination with the chalcopyrite and bornite in the fractures.
• The Prosperity Bullseye Porphyry target area has been mapped on surface defining a large 1200 x 1000 metre alteration system with only 1 exploratory drill hole completed in 2018 located far to the west ~650 meters from the newly identified Bullseye Zone drilled towards the WSW with a dip of 70 to a depth of 500 m not orientated nor designed to intersect the newly identified Bullseye zone. The area contains a quartz-sericite-pyrite (QSP) core that is coincident with molybdenite-chalcopyrite mineralization (see October 2, 2018 Press Release).
  • An accompanying infographic is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/73c856b6-8aa2-478f ...

• Prolific gold in placer creeks with coarse nuggets recovered over 6 ounces gold draining extensive area containing widespread porphyry related polymetallic veins.
  
  • An accompanying infographic is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/40513c69-87b6-4117 ...
• Soil geochemistry defined a 2000 x 400 metre Au-Cu-Mo-Bi-Sb soil anomaly that is consistent with a porphyry signature (see January 8^th, 2018 Press Release).
  
• Gold rich polymetallic Au, Ag, Cu veins are radiating from the porphyry centre, including the Fat Freddy vein reported previously (see January 8^th, 2018 Press Release).
• Independent interpretations of subsurface geophysical data concluded it is consistent with a porphyry signature (see February 26^th, 2018 Press Release).
• The age of the intrusive with porphyritic texture has been identified as Mid-Cretaceous, in contrast with the Eocene age of other porphyries in this belt.
• The Luckystrike property is located within a larger known porphyry belt