Goliath’s Updated Model Confirms Six New Gold Veins for a Total of 10 Demonstrates Increased Tonnage Potential at Surebet Discovery on Golddigger Property, Golden Triangle, British Columbia - Seite 2

• An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/25b2d0e7-69fb-420e ... 

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is please to share a significant update on the work being carried out on the Surebet Discovery at its 100% controlled Golddigger Property (the “Property”), Golden Triangle, British Columbia. The Company has updated the structural vein model of the Surebet Discovery that integrates drill data from the 2021 to 2023 (oriented core), all the surface data collected and the total number of mineralized pierce points in each vein to date. The new model suggests a total combined range of 78 to 97 million potential tonnes. In addition to the previously reported Surebet Zone, Bonanza Shear and Golden Gate Zone, 6 newly discovered gold veins have been identified that also remain open.

The updated structural vein/shear model resulted in a greater understanding of the mineralized zones on the Surebet Discovery, where 10 veins have now been identified, including Surebet (now Upper Surebet), Bonanza Shear and Golden Gate (now Upper and Lower veins).

The 6 newly identified veins include: Big One, Eldorado, Surebet Lower, Goldzilla, Hotspot, and Whopper. The new structural model was built taking into consideration the structural data obtained from oriented drill core collected between 2021 and 2023, structural information from surface sampling and mapping as well as the number of mineralized pierce points in each vein and their locations.

They are the result of incorporating a number of mineralized intervals that were not previously associated with Surebet Zone, Bonanza Shear and Golden Gate Zone as well as some mineralized intervals that have been re-assigned based on new structural information. Detailed surface mapping of the Surebet area also has played a major role in clearly defining the structural controls on the veins and consequently the gold mineralization.

The advanced structural model together with information from detailed surficial mapping has vectored in on the key areas where drilling should provide additional continuation and extension of gold mineralized horizons focussed on building estimated ranges of potential tonnage moving forward.

The Company is in the process of designing a highly focussed drill program for the 2024 drill season. It’s designed to delineate the full extent of gold mineralization, expand the potential tonnage which remains wide open for expansion and additional discoveries as well as vectoring in on the possible feeder source. In addition, the Golddigger 2024 drill program may include a maiden drill program on the newly discovered Treasure Island and Full Contact targets on the Cambria Icefield claims to the north of Surebet.