Goliath Mobilizes for 24,000 Meter Drill Campaign on Its Extensive High-Grade Gold-Silver Discovery in the Golden Triangle, B.C. - Seite 2

Goliath has planned for a 24,000 meter drill campaign totaling 85 holes from 24 separate drill pads targeting the extensive high-grade gold-silver structure discovery exposed at surface at the Surebet Zone both along strike and to depth. The maiden 2021 drill campaign had a 100% hit ratio as all 24 holes totaling 5,332 meters intercepted significant widths of high-grade gold-silver over 1km of strike and confirmed 1.1km of down-dip extent.

Mr. Roger Rosmus, CEO of Goliath states: “We are very pleased to have mobilized for our aggressive 2022 drill campaign at our newly discovered Surebet Zone. This new discovery has already demonstrated to be an extensive robust system that is structurally controlled down-dips 1.2 km confirmed by drilling in 2021. We have identified multiple strong drill targets focussed on significantly expanding the potential size of this system that remains open. The Golddigger property is in geo-political safe jurisdiction and key geologic setting where many world-class deposits have been discovered. The Surebet Zone potential has been compared to the past producing high-grade Silbak Premier Mine just to the north and certainly has the early makings of the next big discovery in the Golden Triangle. We look forward to reporting our drilling results with much anticipation.”

Golddigger Property

The Golddigger Property is 100 % controlled covering an area of 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Eskay Rift within the Golden Triangle, British Columbia and within 2 km of the Red Line that is host to multiple world class deposits. The property is on tide water 30 kilometers southeast of Stewart, British Columbia. The Homestake Ridge Deposit & Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Other

All rock, channel and talus fine samples were crushed and pulverized at MSALABS’s laboratory in Terrace, BC. MSALABS is either Certified to ISO 9001:2008 or Accredited to ISO 17025:2005 in all of its locations. The resulting sample pulps were analyzed for gold by fire assay and metallic screen fire assay in Langley, BC. The pulps were also assayed using multi-element aqua regia digestion at MSALABS’s laboratory in Langley, BC. The coarse reject portions of the rock samples, as well as the pulps, were shipped to Goliath Resources Ltd.’s storage facility in Terrace, BC. All samples were analyzed using MSALABS’s assay procedure ICP-130, a 1:1:1 aqua regia digestion with inductively-coupled plasma atomic emission spectrometry (ICP-AES) or inductively-coupled plasma mass spectrometry (ICP-MS) finish for 35 elements as well as the FAS-121 lead collection fire assay fusion procedure with atomic absorption spectroscopy (AAS) finish. Any results greater than 100 ppm for silver or 10,000 ppm copper, lead and zinc were additionally assayed using MSALABS’s ICA-6xx method particular to each element. This method used an HNO3-HCl digestion followed by ICP-AES (or titrimetric and gravimetric analysis). Gold values of greater than 10 ppm Au were assayed by the FAS-425 method which includes a fire-assay fusion procedure with a gravimetric finish. Samples with Au greater than 5 ppm were additionally analyzed using metallic screen fire assay with MSALABS’s MSC-150 or MSC-350 method. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence.