Goliath Reports 14.11 gpt AuEq Over 10 Meters True Width on Surebet Discovery in Golden Triangle, B.C. – 1000 Meters Strike x 500 Meters Vertical Relief
TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (FSE: B4IE) (OTCQB: GOTRF) (the “Company” or “Goliath”) is pleased to report results for the 2020 field program on the Surebet discovery zone on its 100% controlled Golddigger property in the prolific Golden Triangle, B.C. Multiple high-grade polymetallic gold-silver targets have been identified along 1 kilometer (1000 meters) of strike and a half a kilometer (500 meters) of vertical relief with an average true width of 9.33 meters assaying 10.66 gpt gold equivalent (AuEq) and 7.58 grams per tonne gold (gpt Au) based on extensive channel sampling taken and remains open. These targets are contained within a shear zone that is exposed at surface for 1 kilometer (1000 meters) where 10 are planned to be tested in the inaugural 2021 drill program. The high-grade polymetallic gold-silver mineralization is contained within a broad alteration halo of strongly silicified Hazelton Group sediments up to 43.5 meters wide containing mineralization assaying less than 0.5 gpt AuEq.
The Surebet Zone is located 7 km west of the Dolly Varden Mine road and 10 km to deep water barge access, providing good access to infrastructure in Alice Arm. The Surebet zone is also situated 8 km SW of Auryn Resources’ Homestake Ridge, which has a high-grade gold-silver resource estimate (indicated and inferred) of 982,700 oz of gold at 4.99 gpt gold and 19,600,000 oz of silver at 97.7 gpt silver, with drill intercepts of up to 73 meters of 21 gpt gold and 12 gpt silver (source – Auryn Resources’ PEA & webpage). SUREBET DISCOVERY HIGHLIGHTS:10 strong drill targets containing high-grade polymetallic gold-silver mineralization have been confirmed along 1000 m strike and 1 additional target located on the East Splay Zone ~200 m away:
° Link to map (Click Here).
° Link to video (Click Here).Surebet Waterfall Zone – drill targets:
° Lower Waterfall – 14.11 gpt Au over 10.0 m true width, including 17.60 gpt AuEq over 8.0 m and 21.32 gpt AuEq over 6.0 m and 30.55 gpt AuEq over 4.0 m, remains open (Click for Image).
° Main Waterfall – 10.91 gpt AuEq over 11.8 m true width, including 16.64 gpt AuEq over 6.8 m and 20.54 gpt AuEq over 4.8 m, remains open (Click for Image).