Goliath Identifies New Outcropping Au-Cu-Ag Bullseye Porphyry Zone at Its Luckystrike Property, British Columbia - Seite 2

TORONTO, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) (the “Company” or “Goliath”) is pleased to report that follow-up prospecting and mapping carried out on its 100% controlled Luckystrike property has identified a Au-Cu-Ag porphyry in outcrop on the Bullseye Zone.

Follow-up exploration work on previously reported geophysical and geochemical anomalies has resulted in identifying a series of outcrops yielding up to 3.06 g/t Au, 54.9 g/t Ag and 1% Cu, from within coarse-gained intrusive units with potassic alteration with > 2 % K values containing bornite and chalcopyrite. These showings are located at the eastern edge of a previously mapped zone of propylitic alteration flanking a SkyTEM electromagnetic anomaly with low conductivity in the catchment area of Lorne Creek and Douglas Creek, two of the most prolific placer creeks in the district. The combined information from this season’s and previous year’s data strongly indicates the presence of a porphyry system surfacing on the Luckystrike Bullseye Zone.

The technical team believes the newly identified Bullseye Zone Au-Cu-Ag porphyry day-lighting on surface coupled with the extensive amount of data acquired between 2017 and 2021 all points to an excellent drilling opportunity with strong porphyry potential at depth at Bullseye. With initial drilling success, the new Bullseye porphyry target would provide an excellent opportunity to expand the zone along strike and to depth.

Roger Rosmus, CEO of Goliath Resources states: We are encouraged with the exploration results to date, it appears we have vectored into the highly mineralized porphyry centre that we have been looking for. This is strongly indicated by the new bullseye zone confirmed and outcropping at surface discovered this 2021 exploration season. This demonstrates there is strong potential for a significant Au-Ag-Cu porphyry system at depth that remains to be drill tested; the property is fully permitted for drilling until 2024. We are also very excited and look forward to reporting results from our flagship Golddigger Surebet discovery once all the results from 5332 meters of maiden drilling have been compiled interpreted and modelled; 2022 is shaping up to be a very exciting year.