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Gold/Mining/Energy : Mining News of Note

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To: LoneClone who wrote (176022)1/9/2024 3:58:37 PM
From: LoneClone  Read Replies (1) of 192593
 
Goliath Intercepts 10.94 gpt AuEq Over 9.70 Meters in the Bonanza Shear Significantly Increases Volume and Average Grade of the Multi-Layered High-Grade Surebet Gold System

ca.finance.yahoo.com

Goliath Resources Limited
Tue, January 9, 2024 at 4:08 a.m. PST·33 min read

GOTRF
+5.30%

Infographic 1


Infographic 1
Infographic 2


Infographic 2
Infographic 3


Infographic 3
Infographic 4



Infographic 4
Infographic 5


Infographic 5
Infographic 6


Infographic 6
Infographic 7


Infographic 7
Updated Model



Updated Model
Cross Section



Cross Section
Surebet - 2023 Completed Drilling



Surebet - 2023 Completed Drilling

Drill Highlights:

  • SUREBET ZONE HIGHLIGHTS

    • The mineralization model has been updated with the latest assay results, increasing the average grade by 43%, and a 24 % increase in volume, from 5,500,000 m3 volume at 6.31 gpt AuEq (previously reported) to a volume of the Surebet Zone to 6,800,000 m3 with an average grade of 9.04 gpt AuEq, which remains open.

    • The Surebet Zone, hosted in the Hazelton Sediments, has been intersected in 106 drill holes to date with broad intervals of quartz-sulphide mineralization, 92% of which have intersected gold mineralization.

    • GD-23-220 intersected the Surebet Zone and assayed 13.24 gpt AuEq (10.05 gpt Au and 154.71 gpt Ag) over 5.10 meters, including 21.74 gpt AuEq (16.51 gpt Au and 253.41 gpt Ag) over 3.10 meters.

      • An accompanying infographic is available at:https://www.globenewswire.com/Tracker?data=vgGpwVluy840p3CsCyhdr9PEdpgKFTNbik3fmlIgY8TVKnWhZyksT6Fssj37DCNPNwvZO1rvBOgx6cC6pjm7bEBXtorKFyvDncxYK01W9GQR1LbrPaheWpBdH8wAxwJkH-Cz7zpa5Q2kBzCOZ__9GkpTB_ks7WXw2nzwkLtXLGfIPgg0BqzOGt7B9kmr5gYkx9gzWA5La5PwmFmY2Mg0hkXgStr0NzipKF5AKW9Ltna2LdIgMlPWS6a9aZTwd3mEUvmCrby_6f7Q9jHM4XkauQ==

    • GD-23-221 intersected the Surebet Zone and assayed 7.91 gpt AuEq (7.44 gpt Au and 22.40 gpt Ag) over 7.15 meters within 4.43 gpt AuEq (4.16 gpt Au and 12.87 gpt Ag) over 13.00 meters.

    • GD-23-130 intersected the Surebet Zone and assayed 4.66 gpt AuEq (3.53 gpt Au and 55.29 gpt Ag) over 5.70 meters, including 6.25 gpt AuEq (5.12 gpt Au and 55.36 gpt Ag) over 3.70 meters.

    • Multiple drill holes (previously reported) with high-grade gold-silver mineralization intersected the Surebet Zone including GD-23-157 assaying 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 meters; and GD-23-173 assaying 14.68 g/t AuEq (5.81 g/t Au and 719.13 g/t Ag) over 26.89 meters.

  • BONANZA SHEAR HIGHLIGHTS

    • The mineralization model has been updated with the latest assay results and the calculated potential volume of the Bonanza Shear is >15,000,000 m3 with an average grade of 8.14 gpt AuEq and remains open, corresponding to a 200 % increase in grade and a 15% increase in volume (from 13,000,000 m3 at 2.71 gpt AuEq).

    • The Bonanza Shear, hosted at the contact between the Hazelton Sediments and Volcanics has been intersected in 104 drill holes to date with broad intervals of quartz-sulphide mineralization, 84% have intersected gold mineralization.

    • GD-23-113 intersected the Bonanza Shear and assayed 10.94 gpt AuEq (10.80 gpt Au and 6.24 gpt Ag) over 9.70 meters, including 17.63 gpt AuEq (17.42 gpt Au and 9.51 gpt Ag) over 6.00 meters and 34.85 gpt AuEq (34.47 gpt Au and 17.48 gpt Ag) over 3.00 meters.

    • GD-23-217 intersected the Bonanza Shear and assayed 11.55 gpt AuEq (11.47 gpt Au and 5.77 gpt Ag) over 5.00 meters, including 57.41 gpt AuEq (57.10 gpt Au and 24.80 gpt Ag) over 1.00 meters.

    • GD-23-119 intersected the Bonanza Shear and assayed 13.82 gpt AuEq (13.70 gpt Au and 9.77 gpt Ag) over 4.00 meters, including 16.67 gpt AuEq (16.53 gpt Au and 11.38 gpt Ag) over 3.00 meters.

    • GD-23-140 intersected the Bonanza Shear and assayed 7.30 gpt AuEq (7.20 gpt Au and 5.74 gpt Ag) over 7.20 meters, within 4.04 gpt AuEq (3.97 gpt Au and 3.46 gpt Ag) over 11.00 meters.

    • GD-23-155 intersected the Bonanza Shear and assayed 5.32 gpt AuEq (5.24 gpt Au and 2.84 gpt Ag) over 8.00 meters, including 10.37 gpt AuEq (10.26 gpt Au and 4.80 gpt Ag) over 4 meters.

    • GD-23-127 intersected the Bonanza Shear and assayed 4.82 gpt AuEq (4.57 gpt Au and 5.44 gpt Ag) over 8.00 meters, including 6.81 gpt AuEq (6.49 gpt Au and 6.95 gpt Ag) over 5.00 meters.

    • Multiple drill holes (previously reported) with high-grade gold-silver mineralization intersected the Bonanza Shear including GD-23-180 assaying 65.00 gpt AuEq (64.88 gpt Au and 8.03 gpt Ag) over 7.90 meters; and GD-23-170 assaying 9.40 gpt AuEq (9.33 gpt Au and 3.98 gpt Ag) over 7.00 meters.

  • GOLDEN GATE ZONE HIGHLIGHTS

    • The mineralization model has been updated with the latest assay results and the calculated potential volume of the Golden Gate Zone is >1,100,000 m3 with an average grade of 3.94 gpt AuEq and remains open.

    • The newly discovered Golden Gate Zone, hosted within the Hazelton Volcanics and 20 meters below the Bonanza Shear has been intersected in 12 drill holes with broad intervals of quartz-sulphide mineralization, all or 100% have intersected gold mineralization.

    • GD-23-133 intersected the Golden Gate Zone and assayed 4.96 gpt AuEq (4.76 gpt Au and 5.76 gpt Ag) over 7.85 meters, including 9.89 gpt AuEq (9.53 gpt Au and 10.80 gpt Ag) over 3.85 meters.

    • GD-23-183 intersected the Golden Gate Zone and assayed 4.61 gpt AuEq (4.51 gpt Au and 3.35 gpt Ag) over 3.50 meters and 6.55 gpt AuEq (6.26 gpt Au and 8.67 gpt Ag) over 3.00 meters.

    • GD-23-140 intersected the Golden Gate Zone and assayed 6.15 gpt AuEq (6.00 gpt Au and 4.72 gpt Ag) over 3.00 meters.

    • GD-23-197 (previously reported) intersected the Golden Gate Zone and assayed 11.60 gpt AuEq (11.07 gpt Au and 23 gpt Ag) over 27 meters, including 14.83 gpt AuEq (14.17 gpt Au and 29.13 gpt Ag) over 21.00 meters and 34.03 gpt AuEq or 1.09 oz/t AuEq (32.55 gpt Au and 65.71 gpt Ag) over 9 meters.

PROPERTY HIGHLIGHTS

Updated Model

An accompanying infographic is available at:
globenewswire.com

Cross Section

An accompanying infographic is available at:
globenewswire.com

Surebet - 2023 Completed Drilling

An accompanying infographic is available at:
globenewswire.com

  • To date, a total of 11 holes are >100 up to 513 gm AuEq (5% of all holes drilled), 18 holes are >75 up to 99 gm AuEq (8% of all holes drilled), 30 holes are >50 up to 74 gm AuEq (13% of all holes drilled), 66 holes are >25 up to 44 gm AuEq (28% of all holes drilled), and 139 holes are >10 up to 24 gm AuEq (59% of all holes drilled).

  • 44 holes out of 124 holes drilled in 2023 on the Golddigger Property contain visible gold corresponding to 35 % of the holes drilled.

  • Footprint of the Surebet discovery has been expanded to 1.8 km2, the equivalent in size to >336 NFL football fields that contain multiple extensive stacked bonanza-grade veins within 650 meters from surface that have been tested to date. It remains wide open with excellent additional discovery potential with only an aggregate of 12 months boots on the ground to date.

  • Several lines of evidence, including metals and geochemical trace elements, zonation, type, origin of fluids and age of the mineralization strongly suggest a Porphyry Feeder Source at play.

  • A study in collaboration with the Colorado School of Mines has confirmed that the mineralization formed at 4-5 km below the paleo-surface and extensive Porphyry Feeder source that provides excellent additional discovery potential at depth.

  • To put this into perspective; there is potential for up to 5-10 times the number of stacked veins below the already discovered system corresponding to 10 times the height of the CN Tower from top to bottom.

  • This original discovery has gone from target generation to where it is today modeled at >22,900,000 m3 of rock averaging 7.74 gpt AuEq with only 12 months of boots on the ground, clearly demonstrating Surebet is a world class discovery, and we are likely only seeing the tip of the iceberg.

  • Excellent infrastructure 7 km to road, 300-man camp on private property, deep water barge access only 190 km to international container port and rail, 25 km to high tension power.

  • The discovery is modelled to be amiable to underground mining, no detrimental minerals present, environmentally friendly cost-effective mining, with 92.2% gold recovery at a 327 micron crush including 48.8 % free gold recoverable using simple gravity, balance recovered using flotation with no cyanide leaching required.

  • Assays are still pending for the exploration surface samples taken from Golddigger’s Cambria Ice Fields claim blocks.

TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is excited to report assay results for the remaining 99 new drill holes from the Surebet Discovery at its 100% controlled Golddigger Property (the “Property”), Golden Triangle, British Columbia. The vast majority of reported holes intersected broad intervals of significant quartz-sulphide mineralization and widespread gold-silver mineralization expanding the volume and average grade of the Surebet Zone, Bonanza Shear and Golden Gate Zone, all of which remain open. Highlights for the Surebet Zone include drill hole GD-23-220, which assayed 13.24 gpt AuEq (10.05 gpt Au and 154.71 gpt Ag) over 5.10 meters, including 21.74 gpt AuEq (16.51 gpt Au and 253.41 gpt Ag) over 3.10 meters. Highlights for the Bonanza Shear include drill hole GD-23-113, which intersected 10.94 gpt AuEq (10.80 gpt Au and 6.24 gpt Ag) over 9.70 meters, including 17.63 gpt AuEq (17.42 gpt Au and 9.51 gpt Ag) over 6.00 meters and 34.85 gpt AuEq (34.47 gpt Au and 17.48 gpt Ag) over 3.00 meters. Highlights for the Golden Gate include drill hole GD-23-133, which intersected 4.96 gpt AuEq (4.76 gpt Au and 5.76 gpt Ag) over 7.85 meters, including 9.89 gpt AuEq (9.53 gpt Au and 10.80 gpt Ag) over 3.85 meters. A complete list of results for all reported holes can be found in Table 1 and 2 below. This news release includes all not-yet reported assay results from drill core for the 2023 drill season.

The Bonanza Shear, hosted at the contact between the Hazelton Sediments and Volcanics was intersected in 104 drill holes with broad intervals of quartz-sulphide mineralization, 87 of which (84 %) intersected gold mineralization. The volume and grade of the Bonanza Shear have been increased substantially to >15,000,000 m3 at 8.14 gpt AuEq (from 13,000,000 m3 at 2.71 gpt AuEq reported previously), demonstrating the increased importance of the Bonanza Shear as an economic mineralized horizon of the Surebet system. The Surebet Zone, hosted in the Hazelton Sediments was intersected in 106 drill holes with broad intervals of quartz-sulphide mineralization, 98 of which (92 %) intersected gold mineralization. The volume and average grade of the Surebet Zone have been increased substantially to 6,800,000 m3 at 9.04 gpt AuEq (from 5,500,000 m3 at 6.31 gpt AuEq reported previously). The newly discovered Golden Gate Zone, hosted within the Hazelton Volcanics below the Bonanza Shear was intersected in 12 drill holes with broad intervals of quartz-sulphide mineralization, all of which (100 %) intersected gold mineralization and is modelled to comprise >1,100,000 m3 with an average grade of 3.94 gpt AuEq and remains open, demonstrating the enormous additional discovery potential at depth.

SUREBET ZONE DRILL HIGHLIGHTS

Drillhole GD-23-220, collared from Wolverine Pad, intercepted numerous occurrences of Visible Gold, as well as sulphides mineralization in quartz-stockwork and veins corresponding with the Surebet Zone and assayed 13.24 gpt AuEq (10.05 gpt Au and 154.71 gpt Ag) over 5.10 meters, including 21.74 gpt AuEq (16.51 gpt Au and 253.41 gpt Ag) over 3.10 meters. Drill hole GD-23-221, collared from Bear Pad, also intercepted multiple occurrences of Visible Gold and significant quartz-sulphide mineralization in veins and stockwork of the Surebet Zone and assayed 4.43 gpt AuEq (4.16 gpt Au and 12.87 gpt Ag) over 13.00 meters, including 7.91 gpt AuEq (7.44 gpt Au and 22.40 gpt. Drill hole GD-23-130, collared from Cliff Pad, intersected the Surebet Zone and assayed 4.66 gpt AuEq (3.53 gpt Au and 55.29 gpt Ag) over 5.70 meters, including 6.25 gpt AuEq (5.12 gpt Au and 55.36 gpt Ag) over 3.70 meters.

The mineralization in these holes is characterized by breccia, stockwork and veins of quartz, sphalerite (up to 10%), galena (up to 8%) and pyrrhotite (up to 15%) hosted in a shear zone within strongly silicified mudstone and siltstone associated with heavy chlorite alteration. Multiple grains of Visible Gold were identified within the reported mineralized intervals.

The Surebet Zone, hosted in the Hazelton Sediments was intersected in 106 drill holes with broad intervals of quartz-sulphide mineralization, 92% intersected gold mineralization. The mineralization model has been updated with the latest assay results and the calculated potential volume of the Surebet Zone is 6,800,000 m3 with an average grade of 9.04 gpt AuEq and remains open, which corresponds to an increase of 43% in grade from the previously reported 6.31 gpt AuEq and an increase of 24 % in volume from previously reported 5,500,000 m3.

BONANZA SHEAR DRILL HIGHLIGHTS

Drillhole GD-23-113, collared from Quoll Pad intercepted multiple occurrences of Visible Gold and quartz-sulphide mineralization corresponding to the Bonanza Shear and assayed 10.94 gpt AuEq (10.80 gpt Au and 6.24 gpt Ag) over 9.70 meters, including 17.63 gpt AuEq (17.42 gpt Au and 9.51 gpt Ag) over 6.00 meters and 34.85 gpt AuEq (34.47 gpt Au and 17.48 gpt Ag) over 3.00 meters. Multiple additional holes intercepted significant quartz-sulphide breccia, stockwork and veining of the Bonanza Shear, including GD-23-217 which assayed 11.55 gpt AuEq (11.47 gpt Au and 5.77 gpt Ag) over 5.00 meters, including 57.41 gpt AuEq (57.10 gpt Au and 24.80 gpt Ag) over 1.00 meters; GD-23-119 which assayed 13.82 gpt AuEq (13.70 gpt Au and 9.77 gpt Ag) over 4.00 meters, including 16.67 gpt AuEq (16.53 gpt Au and 11.38 gpt Ag) over 3.00 meters; GD-23-140 which assayed 4.04 gpt AuEq (3.97 gpt Au and 3.46 gpt Ag) over 11.00 meters, including 7.30 gpt AuEq (7.20 gpt Au and 5.74 gpt Ag) over 7.20 meters; GD-23-155 which assayed 5.32 gpt AuEq (5.24 gpt Au and 2.84 gpt Ag) over 8.00 meters, including 10.37 gpt AuEq (10.26 gpt Au and 4.80 gpt Ag) over 4 meters; GD-23-133 which assayed 4.96 gpt AuEq (4.76 gpt Au and 5.76 gpt Ag) over 7.85 meters, including 9.89 gpt AuEq (9.53 gpt Au and 10.80 gpt Ag) over 3.85 meters; and GD-23-127 which assayed 4.82 gpt AuEq (4.57 gpt Au and 5.44 gpt Ag) over 8.00 meters, including 6.81 gpt AuEq (6.49 gpt Au and 6.95 gpt Ag) over 5.00 meters.

The mineralization of the intercepts of the Bonanza Shear are similar to what is observed in the Surebet Zone and are characterized by breccia, stockwork and veins of quartz, sphalerite (up to 8 %), galena (up to 10%), chalcopyrite (up to 1%) and pyrrhotite (up to 10%) hosted in a shear zone generally located at or in close proximity to the contact of strongly silicified mudstone and siltstone associated with heavy chlorite alteration and chloritized volcanic rocks. Multiple grains of Visible Gold were identified within the reported mineralized intervals.

The Bonanza Shear, hosted at the contact between the Hazelton Sediments and Volcanics was intersected in 104 drill holes with broad intervals of quartz-sulphide mineralization, 84% intersected gold mineralization. The mineralization model has been updated with the latest assay results and the calculated potential volume of the Bonanza Shear is >15,000,000 m3 with an average grade of 8.14 gpt AuEq and remains open. The volume has been increased by 15% from previously reported 13,000,000 m3. The average grade has been increased by 200% from previously reported 2.71 gpt AuEq. This clearly demonstrates the increased importance of the Bonanza Shear as a significant mineralized horizon of the Surebet system.

GOLDEN GATE DRILL HIGHLIGHTS

All drill holes that intersected the Golden Gate Zone intercepted stacks of 1-5 m wide shears with broad quartz-sulphide mineralization. Drill hole GD-23-133 intersected 4.96 gpt AuEq (4.76 gpt Au and 5.76 gpt Ag) over 7.85 meters, including 9.89 gpt AuEq (9.53 gpt Au and 10.80 gpt Ag) over 3.85 meters; GD-23-183 intersected 4.61 gpt AuEq (4.51 gpt Au and 3.35 gpt Ag) over 3.50 meters and 6.55 gpt AuEq (6.26 gpt Au and 8.67 gpt Ag) over 3.00 meters; and GD-23-140 intersected 6.15 gpt AuEq (6.00 gpt Au and 4.72 gpt Ag) over 3.00 meters.

The mineralization observed in intercepts of the Golden Gate Zone is similar to what is observed in the Surebet Zone and the Bonanza Shear, comprising shear hosted veins with stringers, aggregations and in some instances breccia, with galena (up to 3%), sphalerite (up to 10%), chalcopyrite (up to 1%) and pyrrhotite (up to 10%). The host rock for the Golden Gate mineralization is a strongly chloritized andesite.

The newly discovered Golden Gate Zone, hosted within the Hazelton Volcanics and 20 meters below the Bonanza Shear was intersected in 12 drill holes with broad intervals of quartz-sulphide mineralization, 100% intersected gold mineralization. The mineralization model has been updated with the latest assay results and the calculated potential volume of the Golden Gate Zone is >1,100,000 m3 with an average grade of 3.94 gpt AuEq and remains open.

One hole drilled in 2023, GD-23-197 intersected the Golden Gate Zone and assayed 11.60 gpt AuEq (11.07 gpt Au and 23 gpt Ag) over 27 meters, including 14.83 gpt AuEq (14.17 gpt Au and 29.13 gpt Ag) over 21.00 meters and 34.03 gpt AuEq or 1.09 oz/t AuEq (32.55 gpt Au and 65.71 gpt Ag) over 9 meters.

Additional holes reported in this news release are summarized in Table 1 and 2 below.

The footprint of the Surebet Zone has been expanded to 1.8 km2, the equivalent of >336 NFL football fields. The results reported in this news release, coupled with intervals reported and modelled in the course of the project, demonstrates the existence of multiple extensive stacked bonanza-grade veins within 650 meters of the surface that have been tested to date. A study in collaboration with the Colorado School of Mines has confirmed that the mineralization formed at 4-5 km below the paleo-surface, confirming the excellent additional discovery potential at depth. To put this into perspective: there is potential for up to 5-10 times the number of stacked veins below the already discovered system corresponding to 10 times the height of the CN tower from top to bottom.

This original discovery has gone from idea to where it is today (22,900,000 m3 of rock) with only 12 months of boots on the ground, clearly demonstrating Surebet is a world class discovery, and we are likely only seeing the tip of the iceberg.

Roger Rosmus, Founder and CEO of Goliath Resources, states:I would like to congratulate our team on an exceptional 2023 drilling season and thank our shareholders for their ongoing support. After only 3 drilling seasons and only 12 months in aggregate of boots on the ground, our Golddigger project is clearly evolving as a new World-Class discovery in the prolific Golden Triangle region of British Columbia. With our aggressive drilling campaign in 2023, we were able to dramatically increase the volume of rock in our current model of the Surebet, Bonanza and Golden Gate Zones totalling 22,900,000 m3 with an average grade of 7.74 g/t AuEq, that remains open. Our geological team continues to be impressed with the widespread gold mineralization with excellent continuity and predictability in the Surebet and Bonanza Zones. We were also delighted with the high-grade gold hits in the Golden Gate Zone, a game changer event for the project because until this season all the drilling was in the sediments and contact between the volcanics. The Golden Gate Zone is our newest discovery and is very exciting as it is in the Hazelton volcanics immediately below the sediments. To see the gold mineralization continue beyond the sediments into the volcanics is extremely positive as we look forward to continuing to expand on this discovery in 2024. Making the new discovery in the volcanics gives us a clear path to chase the high-grade gold potential at depth to continue exploring for the heat engine (porphyry?) that caused the gold mineralization at Surebet, Bonanza and the Golden Gate zones. We strongly believe that our Golddigger project is emerging as one of the most important gold discoveries in the Golden Triangle. To think that until recently this project was covered by glaciers and due to them receding our team was the first to ever see the mineralization, then follow it up with exceptional drilling results is very rewarding as high-grade grassroots gold discoveries are a rare event in gold exploration.” Mr. Rosmus further stated: “Management is currently considering all options to unlock the full value of the extensive new land package of the Golddigger property comprising 25 km of the Red Line containing multiple new discoveries, as well as the 100% controlled Bullseye Au-Cu porphyry target on the Luckystrike property, by potentially spinning-off these assets into a new 100% owned company by Goliath to add additional value to our stakeholders. We believe 2024 will be the best year to date for Goliath.

Table 1: Selected 2023 Golddigger drill hole assay results for the Surebet Zone, Bonanza Shear, and Golden Gate Zone.

Pad ID

Hole ID



From (m)

To (m)

Interval (m)

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

AuEq (g/t)

Quoll

GD-23-113

Interval

105.30

115.00

9.70

10.80

6.24

0.01

0.01

0.13

10.94

Including

107.00

113.00

6.00

17.42

9.51

0.01

0.01

0.21

17.63

Including

110.00

113.00

3.00

34.47

17.48

0.01

0.01

0.39

34.85

Wolverine

GD-23-220

Interval

278.00

283.10

5.10

10.05

154.71

0.05

2.70

0.92

13.24

Including

279.10

282.20

3.10

16.51

253.41

0.08

4.44

1.50

21.74

Including

280.20

282.20

2.00

25.21

389.98

0.11

6.87

2.30

33.24

Including

280.20

281.30

1.10

38.10

658.00

0.17

12.10

3.47

51.65

Buffalo

GD-23-217

Interval

58.00

63.00

5.00

11.47

5.77

0.01

0.00

0.01

11.55

Including

60.00

61.00

1.00

57.10

24.80

0.01

0.01

0.01

57.41

Bear

GD-23-221

Interval

201.00

214.00

13.00

4.16

12.87

0.01

0.14

0.16

4.43

Including

202.85

210.00

7.15

7.44

22.40

0.01

0.24

0.27

7.91

Including

203.70

206.70

3.00

16.84

39.78

0.02

0.32

0.26

17.54

Including

205.70

206.70

1.00

50.10

115.00

0.04

0.94

0.72

52.13

Quoll

GD-23-119

Interval

80.00

83.50

3.50

0.86

0.98

0.00

0.00

0.01

0.88

Including

81.15

82.30

1.15

2.50

2.22

0.00

0.00

0.02

2.54

Interval

105.00

113.00

8.00

6.88

5.13

0.00

0.00

0.01

6.95

Including

107.00

111.00

4.00

13.70

9.77

0.00

0.00

0.02

13.82

Including

107.00

110.00

3.00

16.53

11.38

0.00

0.00

0.02

16.67

Including

107.00

108.00

1.00

49.50

32.70

0.00

0.00

0.03

49.90

Echidnas

GD-23-140

Interval

41.00

52.00

11.00

3.97

3.46

0.01

0.00

0.03

4.04

Including

43.00

49.00

6.00

7.20

5.74

0.01

0.00

0.05

7.30

Including

47.00

49.00

2.00

20.63

15.73

0.02

0.00

0.03

20.85

Interval

76.00

87.00

11.00

1.88

2.54

0.00

0.01

0.10

1.96

Including

78.00

85.00

7.00

2.91

3.51

0.01

0.01

0.14

3.02

Including

79.00

85.00

6.00

3.36

3.91

0.01

0.02

0.16

3.48

Including

82.00

85.00

3.00

6.00

4.72

0.01

0.02

0.21

6.15

Koala

GD-23-155

Interval

18.00

28.00

10.00

1.33

1.87

0.00

0.01

0.03

1.37

Including

20.00

26.00

6.00

2.19

1.99

0.00

0.02

0.03

2.23

Interval

54.00

68.00

14.00

3.04

2.15

0.00

0.01

0.06

3.10

Including

58.00

66.00

8.00

5.24

2.84

0.01

0.01

0.07

5.32

Including

60.00

64.00

4.00

10.26

4.80

0.01

0.02

0.11

10.37

Cliff

GD-23-130

Interval

47.00

67.00

20.00

1.75

20.69

0.01

0.19

0.21

2.16

Including

49.00

65.00

16.00

2.18

24.85

0.01

0.24

0.25

2.68

Including

62.00

65.00

3.00

3.77

17.20

0.01

0.07

0.24

4.11

and

49.00

59.00

10.00

2.32

33.56

0.02

0.36

0.33

3.00

Including

49.00

54.70

5.70

3.53

55.29

0.03

0.63

0.56

4.66

Including

51.00

54.70

3.70

5.12

55.36

0.03

0.65

0.51

6.25

Echidnas

GD-23-133

Interval

31.00

34.00

3.00

0.55

0.84

0.01

0.00

0.03

0.58

Interval

39.86

43.00

3.14

1.18

1.55

0.01

0.00

0.03

1.22

Interval

53.00

61.00

8.00

0.48

0.69

0.01

0.00

0.02

0.51

Including

55.00

59.00

4.00

0.89

0.68

0.01

0.01

0.02

0.92

Interval

63.00

74.85

11.85

3.17

3.93

0.00

0.08

0.14

3.31

Including

65.00

72.85

7.85

4.76

5.76

0.00

0.12

0.20

4.96

Including

69.00

72.85

3.85

9.53

10.80

0.01

0.23

0.36

9.89

Including

69.00

72.00

3.00

12.06

13.74

0.01

0.30

0.45

12.51

Opossum

GD-23-127

Interval

126.00

138.00

12.00

3.06

4.29

0.01

0.01

0.30

3.24

Including

128.00

136.00

8.00

4.57

5.44

0.01

0.01

0.44

4.82

Including

128.00

133.00

5.00

6.49

6.95

0.01

0.01

0.56

6.81

Including

128.00

131.00

3.00

8.42

9.31

0.01

0.01

0.88

8.89

Goat

GD-23-226

Interval

325.20

335.85

10.65

2.13

43.80

0.02

0.54

0.61

3.09

Including

327.67

334.78

7.11

3.11

57.17

0.02

0.76

0.89

4.43

Including

331.67

334.78

3.11

5.09

61.62

0.02

1.34

0.65

6.56

Including

332.67

334.78

2.11

6.80

86.40

0.02

1.91

0.93

8.87

Interval

347.90

352.85

4.95

1.31

3.41

0.01

0.04

0.09

1.41

Including

350.00

352.85

2.85

2.03

2.30

0.01

0.01

0.01

2.07

Interval

415.00

418.00

3.00

1.99

1.51

0.01

0.00

0.02

2.03

Bear

GD-23-187

Interval

224.00

232.00

8.00

2.48

54.84

0.02

1.07

0.30

3.64

Including

226.25

231.00

4.75

4.16

91.45

0.02

1.81

0.50

6.09

Including

226.25

230.00

3.75

5.25

115.20

0.03

2.28

0.63

7.69

Including

227.10

230.00

2.90

6.51

137.27

0.03

2.73

0.68

9.37

Bear

GD-23-183

Interval

282.00

285.67

3.67

0.20

36.26

0.01

0.46

0.60

1.04

Interval

457.00

463.00

6.00

2.66

2.49

0.01

0.02

0.06

2.73

Including

458.50

462.00

3.50

4.51

3.35

0.01

0.03

0.09

4.61

Interval

465.00

470.00

5.00

2.44

6.18

0.01

0.06

0.15

2.60

Including

466.00

469.00

3.00

4.02

9.65

0.01

0.09

0.21

4.27

Interval

470.00

482.00

12.00

2.31

3.54

0.01

0.07

0.09

2.42

Including

471.00

481.00

10.00

2.75

4.07

0.01

0.08

0.10

2.88

Including

472.00

480.00

8.00

3.42

4.79

0.01

0.10

0.11

3.57

Including

475.00

480.00

5.00

5.28

5.91

0.01

0.15

0.12

5.46

Including

475.00

478.00

3.00

6.22

8.48

0.01

0.25

0.16

6.49

Including

473.00

476.00

3.00

6.26

8.67

0.01

0.25

0.20

6.55

Echidnas

GD-23-152

Interval

36.00

43.85

7.85

0.87

0.99

0.01

0.00

0.03

0.91

Including

37.00

40.10

3.10

2.18

2.23

0.02

0.01

0.05

2.26

Interval

69.00

78.00

9.00

1.05

1.15

0.00

0.01

0.08

1.10

Including

71.00

77.00

6.00

1.51

1.41

0.00

0.01

0.11

1.58

Including

74.00

77.00

3.00

2.70

1.97

0.00

0.01

0.20

2.81

Interval

166.00

180.00

14.00

2.45

1.68

0.00

0.01

0.33

2.61

Including

167.00

178.00

11.00

3.12

2.07

0.00

0.01

0.41

3.31

and

166.00

169.00

3.00

2.03

6.25

0.01

0.04

1.42

2.70

Including

174.00

178.00

4.00

6.92

0.74

0.00

0.01

0.03

6.94

Including

172.00

180.00

8.00

3.47

0.50

0.00

0.00

0.03

3.49

Including

177.00

178.00

1.00

27.20

1.92

0.00

0.01

0.05

27.25

Pad 16

GD-23-209

Interval

190.00

203.00

13.00

1.98

2.17

0.01

0.01

0.12

2.07

Including

192.00

198.00

6.00

4.19

3.33

0.01

0.01

0.24

4.34

Including

195.00

198.00

3.00

7.70

4.22

0.01

0.01

0.11

7.81

Interval

272.00

280.50

8.50

0.91

8.88

0.02

0.06

0.36

1.20

Including

274.04

278.50

4.46

1.69

15.93

0.02

0.11

0.66

2.21

Including

275.10

278.50

3.40

2.02

20.24

0.03

0.14

0.84

2.68

Echidnas

GD-23-137

Interval

53.71

60.00

6.29

1.67

1.45

0.00

0.00

0.01

1.70

Including

56.65

60.00

3.35

3.05

2.62

0.00

0.00

0.02

3.10

Interval

64.00

86.00

22.00

1.58

1.40

0.00

0.02

0.03

1.62

Including

81.00

84.00

3.00

3.37

3.07

0.00

0.13

0.13

3.51

and

66.00

72.00

6.00

3.73

2.16

0.00

0.00

0.02

3.77

Including

66.00

71.00

5.00

4.30

2.44

0.00

0.00

0.02

4.34

Including

66.00

69.00

3.00

6.05

2.99

0.00

0.00

0.02

6.10

Wolverine

GD-23-212

Interval

279.00

289.00

10.00

1.66

34.39

0.01

0.11

0.09

2.15

Including

281.30

287.15

5.85

2.82

57.88

0.02

0.19

0.15

3.65

Including

282.45

287.15

4.70

3.50

71.32

0.02

0.23

0.18

4.51

Including

283.58

286.30

2.72

5.95

117.97

0.02

0.33

0.26

7.59

Pad 8

GD-23-211

Interval

335.00

341.60

6.60

2.61

14.15

0.01

0.28

0.11

2.93

Including

335.00

339.60

4.60

3.69

19.81

0.01

0.40

0.15

4.14

Including

337.61

339.60

1.99

7.64

41.00

0.01

0.86

0.20

8.52

Interval

395.00

398.00

3.00

1.19

58.07

0.01

1.31

0.36

2.49

Interval

460.00

463.00

3.00

1.55

5.47

0.01

0.12

0.17

1.74

Pad 8

GD-23-195

Interval

274.00

279.70

5.70

2.58

27.71

0.01

0.60

0.38

3.28

Including

275.85

279.70

3.85

3.76

39.96

0.02

0.88

0.55

4.78

Including

275.85

278.70

2.85

5.06

53.37

0.02

1.18

0.74

6.42

Lion

GD-23-154

Interval

247.00

255.00

8.00

1.97

3.54

0.01

0.06

0.15

2.10

Including

249.00

255.00

6.00

2.60

4.54

0.01

0.09

0.20

2.78

Including

250.00

253.00

3.00

4.95

8.04

0.01

0.16

0.38

5.27

Interval

256.00

265.00

9.00

1.03

2.51

0.01

0.01

0.11

1.12

Including

258.00

262.00

4.00

2.24

4.30

0.02

0.01

0.13

2.37

Including

257.00

259.75

2.75

3.06

5.40

0.03

0.01

0.18

3.24

Echidnas

GD-23-148

Interval

38.00

44.00

6.00

2.57

3.35

0.01

0.00

0.03

2.64

Including

39.00

44.00

5.00

3.06

3.92

0.01

0.00

0.04

3.14

Including

39.00

42.00

3.00

4.36

6.01

0.01

0.00

0.05

4.47

Interval

59.00

63.00

4.00

1.40

1.58

0.01

0.01

0.03

1.44

Mole

GD-23-120

Interval

0.60

8.00

7.40

1.00

41.54

0.04

0.16

0.24

1.69

Including

0.60

5.25

4.65

1.57

64.62

0.06

0.24

0.26

2.60

Including

0.60

3.40

2.80

2.58

99.75

0.08

0.39

0.35

4.14

Including

0.60

2.40

1.80

3.97

149.30

0.11

0.60

0.49

6.28

Mole

GD-23-138

Interval

9.00

15.00

6.00

0.28

24.27

0.01

0.41

1.34

1.26

Including

9.00

12.00

3.00

0.53

47.64

0.02

0.82

2.28

2.31

Interval

169.00

180.20

11.20

0.96

2.42

0.01

0.03

0.03

1.02

Including

174.00

179.35

5.35

1.97

3.96

0.01

0.06

0.06

2.08

Including

174.00

177.05

3.05

3.19

4.90

0.01

0.09

0.02

3.30

Koala

GD-23-162

Interval

7.00

12.00

5.00

0.94

1.47

0.03

0.00

0.01

1.00

Including

8.00

11.00

3.00

1.48

1.65

0.05

0.00

0.01

1.56

Interval

35.00

48.00

13.00

1.04

1.83

0.00

0.01

0.03

1.08

Including

37.00

43.00

6.00

2.06

1.78

0.00

0.01

0.02

2.09

Including

37.00

40.00

3.00

3.44

1.21

0.00

0.01

0.01

3.46

Beaver

GD-23-182

Interval

38.00

42.00

4.00

2.60

3.64

0.00

0.00

0.26

2.75

Including

39.00

41.00

2.00

4.99

6.64

0.00

0.00

0.51

5.27

Quoll

GD-23-114

Interval

61.00

67.00

6.00

1.11

1.24

0.00

0.00

0.02

1.14

Interval

96.00

100.00

4.00

1.02

1.21

0.00

0.00

0.02

1.05

Interval

106.00

112.00

6.00

1.03

2.24

0.00

0.00

0.24

1.16

Including

108.00

110.89

2.89

2.09

3.03

0.01

0.00

0.49

2.33

Interval

483.00

486.00

3.00

4.20

0.50

0.00

0.00

0.01

4.22

Beaver

GD-23-192

Interval

39.00

42.00

3.00

2.32

14.83

0.01

0.55

0.64

2.95

Interval

258.00

261.00

3.00

1.24

4.86

0.02

0.02

0.19

1.41

Ant

GD-23-143

Interval

23.00

28.00

5.00

1.22

1.91

0.01

0.00

0.01

1.26

Including

24.00

27.00

3.00

2.02

2.67

0.01

0.01

0.01

2.07

Including

25.00

26.00

1.00

6.01

3.83

0.01

0.01

0.02

6.08

Interval

28.00

31.00

3.00

2.08

4.05

0.01

0.01

0.01

2.15

Including

30.00

31.00

1.00

6.18

11.00

0.03

0.01

0.01

6.36

Lion

GD-23-178

Interval

268.00

271.00

3.00

1.32

2.22

0.01

0.01

0.09

1.39

Interval

280.00

283.00

3.00

1.27

2.65

0.01

0.02

0.06

1.35

Interval

302.00

312.00

10.00

0.89

3.69

0.01

0.01

0.16

1.02

Including

303.00

306.00

3.00

2.49

9.41

0.01

0.02

0.47

2.82

Interval

319.00

324.00

5.00

0.94

1.71

0.01

0.01

0.12

1.02

Including

320.00

324.00

4.00

1.14

1.82

0.01

0.00

0.14

1.23

Interval

355.00

366.00

11.00

0.91

3.89

0.01

0.04

0.05

1.00

Including

361.00

364.00

3.00

1.98

4.19

0.01

0.07

0.03

2.08

Ape

GD-23-219

Interval

192.00

201.15

9.15

0.71

1.12

0.01

0.01

0.07

0.76

Including

193.00

196.00

3.00

1.81

1.37

0.01

0.00

0.05

1.85

Including

194.00

195.00

1.00

5.20

2.80

0.01

0.00

0.15

5.30

Interval

205.30

217.50

12.20

0.58

9.77

0.02

0.22

0.26

0.91

Including

205.30

208.50

3.20

0.70

6.02

0.01

0.14

0.17

0.91

Including

205.30

206.30

1.00

1.96

3.31

0.02

0.07

0.11

2.09

and

214.65

217.50

2.85

1.33

25.10

0.05

0.59

0.61

2.14

Interval

320.30

328.30

8.00

0.96

2.03

0.01

0.05

0.09

1.04

Including

322.30

327.30

5.00

1.43

2.89

0.01

0.07

0.13

1.55

Including

324.30

327.30

3.00

1.42

2.88

0.01

0.08

0.15

1.55

Pad 8

GD-23-229

Interval

213.50

216.35

2.85

2.35

7.87

0.01

0.17

0.30

2.63

Echidnas

GD-23-142

Interval

119.00

126.00

7.00

1.02

0.41

0.00

0.00

0.03

1.04

Including

119.00

122.00

3.00

2.34

0.48

0.01

0.00

0.02

2.36

Interval

149.00

153.00

4.00

1.02

1.72

0.01

0.01

0.07

1.08

Koala

GD-23-156

Interval

10.00

13.00

3.00

2.50

3.03

0.00

0.01

0.02

2.55

Pad 8

GD-23-218

Interval

204.50

206.90

2.40

0.99

3.56

0.01

0.04

0.08

1.10

Interval

344.58

351.45

6.87

0.97

13.19

0.01

0.26

0.08

1.26

Including

346.85

350.30

3.45

1.67

22.41

0.01

0.46

0.14

2.17

Interval

396.00

400.00

4.00

1.09

1.48

0.01

0.00

0.04

1.13

Including

397.00

400.00

3.00

1.44

1.67

0.01

0.00

0.05

1.49

Koala

GD-23-153

Interval

11.00

17.00

6.00

0.49

2.24

0.01

0.01

0.03

0.54

Including

12.00

15.00

3.00

0.87

2.45

0.01

0.01

0.05

0.93

Interval

116.00

121.00

5.00

0.98

1.35

0.00

0.01

0.19

1.08

Including

117.00

120.00

3.00

1.61

2.16

0.01

0.01

0.30

1.77

Interval

123.00

129.00

6.00

1.49

0.56

0.00

0.01

0.02

1.51

Including

124.00

128.00

4.00

2.22

0.69

0.01

0.01

0.02

2.25

Mole

GD-23-145

Interval

8.20

13.00

4.80

0.23

4.13

0.01

0.04

1.40

0.87

Including

8.20

12.00

3.80

0.27

4.89

0.02

0.05

1.54

0.98

Including

8.20

11.03

2.83

0.35

6.24

0.02

0.07

2.06

1.30

Interval

33.00

36.00

3.00

0.16

16.38

0.01

0.35

1.81

1.21

Including

34.00

35.00

1.00

0.44

45.60

0.01

1.04

5.39

3.50

Koala

GD-23-158

Interval

14.50

20.00

5.50

0.95

3.50

0.01

0.01

0.03

1.02

Including

14.50

17.85

3.35

1.52

4.01

0.01

0.01

0.03

1.59

Ostrich

GD-23-166

Interval

22.00

31.00

9.00

0.50

2.36

0.01

0.02

0.10

0.58

Including

22.00

29.00

7.00

0.63

2.47

0.01

0.02

0.11

0.73

Including

24.00

26.00

2.00

1.51

3.43

0.01

0.05

0.32

1.70

Pad 8

GD-23-200

Interval

254.60

257.80

3.20

0.92

3.76

0.01

0.03

0.10

1.03

Interval

270.00

275.00

5.00

0.81

9.91

0.01

0.14

0.13

1.04

Including

271.10

274.00

2.90

1.35

15.04

0.01

0.22

0.20

1.70

Wolverine

GD-23-202

Interval

243.00

247.55

4.55

0.77

9.23

0.01

0.11

0.19

1.00

Bear

GD-23-214

Interval

309.00

312.00

3.00

1.06

1.62

0.01

0.01

0.06

1.12

Interval

316.00

319.00

3.00

0.82

4.43

0.01

0.04

0.28

1.01

Koala

GD-23-159

Interval

18.00

21.00

3.00

0.97

5.31

0.01

0.01

0.03

1.06

Interval

28.00

31.00

3.00

0.68

19.27

0.00

0.62

0.20

1.20

Ant

GD-23-132

Interval

30.00

35.85

5.85

0.56

3.11

0.02

0.01

0.04

0.64

Including

32.68

35.85

3.17

1.01

4.70

0.03

0.01

0.04

1.12

Wolverine

GD-23-231

Interval

277.00

280.00

3.00

1.02

4.77

0.02

0.01

0.06

1.12

Beaver

GD-23-198

Interval

60.00

63.00

3.00

0.95

1.44

0.01

0.01

0.01

0.98

Including

60.00

62.00

2.00

1.32

2.04

0.01

0.01

0.01

1.37

Lion

GD-23-160

Interval

309.90

313.00

3.10

0.63

3.33

0.01

0.05

0.14

0.76

Interval

382.00

385.00

3.00

0.60

4.13

0.01

0.02

0.07

0.69

Echidnas

GD-23-146

Interval

30.50

35.00

4.50

0.50

0.40

0.01

0.00

0.01

0.52

Wolverine

GD-23-233

Interval

316.84

317.58

0.74

2.32

12.35

0.02

0.29

0.07

2.62

Mole

GD-23-125

Interval

2.60

6.00

3.40

0.18

13.66

0.02

0.09

0.34

0.54

Quoll

GD-23-112

Interval

26.00

32.00

6.00

0.25

0.91

0.00

0.00

0.01

0.27

Including

133.30

136.00

2.70

0.23

1.90

0.00

0.00

0.29

0.38

Lion

GD-23-175

Interval

327.00

330.00

3.00

0.48

1.22

0.01

0.00

0.01

0.51

Mole

GD-23-141

Interval

14.95

17.80

2.85

0.04

4.78

0.02

0.02

0.93

0.50

Beaver

GD-23-201

Interval

111.54

114.54

3.00

0.38

0.64

0.03

0.00

0.03

0.44

Opossum

GD-23-124

Interval

88.00

91.00

3.00

0.36

1.83

0.00

0.00

0.04

0.41

Ape

GD-23-216

Interval

127.20

130.20

3.00

0.35

1.07

0.01

0.01

0.03

0.39

Mole

GD-23-117

Interval

20.00

23.00

3.00

0.04

3.33

0.00

0.03

0.41

0.26

Koala

GD-23-163

Interval

6.70

9.70

3.00

0.12

2.33

0.08

0.00

0.01

0.25

Mole

GD-23-131

Interval

2.05

5.00

2.95

0.12

4.88

0.02

0.03

0.11

0.25

Ape

GD-23-232

Interval

206.00

209.00

3.00

0.19

0.30

0.00

0.00

0.01

0.20

Buffalo

GD-23-223

Interval

9.20

12.00

2.80

0.17

0.46

0.00

0.00

0.01

0.18

Mole

GD-23-128

Interval

19.52

22.05

2.53

0.17

0.36

0.00

0.01

0.02

0.19

Opossum

GD-23-121

Interval

124.50

127.05

2.55

0.04

3.34

0.02

0.01

0.18

0.18

Opossum

GD-23-129

Interval

119.00

122.00

3.00

0.12

0.35

0.00

0.00

0.01

0.13

Ostrich

GD-23-168

Interval

28.00

31.00

3.00

0.08

1.42

0.01

0.01

0.01

0.12

Ant

GD-23-123

Interval

29.00

32.00

3.00

0.03

3.37

0.02

0.01

0.01

0.10

Cicadas

GD-23-147

Interval

88.00

91.00

3.00

0.03

0.84

0.01

0.01

0.03

0.06

Cicadas

GD-23-144

Interval

77.00

80.00

3.00

0.03

1.20

0.00

0.01

0.01

0.06

Ant

GD-23-134

Interval

30.17

33.00

2.83

0.03

1.15

0.01

0.00

0.01

0.06

Buffalo

GD-23-227

Interval

27.50

30.10

2.60

0.03

0.74

0.01

0.00

0.01

0.06

Ostrich

GD-23-169

Interval

70.00

73.00

3.00

0.03

0.62

0.00

0.00

0.02

0.05

Ant

GD-23-139

Interval

118.00

121.00

3.00

0.03

0.67

0.01

0.00

0.01

0.05

Goat

GD-23-234

Interval

2.50

5.15

2.65

0.03

0.19

0.01

0.00

0.01

0.04



Table 2: Selected 2023 Golddigger drill hole assay results for step-out exploratory scout drilling.

Pad ID

Hole ID



From (m)

To (m)

Interval (m)

Au (g/t)

Ag (g/t)

Cu (%)

Pb (%)

Zn (%)

AuEq (g/t)

Eagle's Nest

GD-23-181

Interval

374.00

377.00

3.00

0.24

4.95

0.01

0.03

0.10

0.36

Ant

GD-23-136

Interval

32.44

35.00

2.56

0.15

12.66

0.02

0.01

0.01

0.34

Kahuna

GD-23-193

Interval

49.90

53.00

3.10

0.23

2.13

0.00

0.06

0.00

0.28

Kahuna

GD-23-186

Interval

50.55

53.85

3.30

0.12

5.33

0.01

0.02

0.08

0.23

Eagle's Nest

GD-23-176

Interval

384.00

387.00

3.00

0.17

2.26

0.01

0.00

0.03

0.22

Humdinger

GD-23-185

Interval

515.00

518.00

3.00

0.03

4.19

0.01

0.00

0.26

0.19

Eagle's Nest

GD-23-177

Interval

371.20

374.00

2.80

0.07

3.93

0.01

0.03

0.07

0.16

Payday

GD-23-213

Interval

98.50

101.05

2.55

0.15

0.58

0.01

0.00

0.01

0.18

Kahuna

GD-23-191

Interval

50.00

53.15

3.15

0.09

2.49

0.00

0.06

0.00

0.14

Humdinger

GD-23-199

Interval

267.00

270.00

3.00

0.03

0.71

0.01

0.00

0.10

0.08

Payday

GD-23-215

Interval

17.85

20.55

2.70

0.07

0.34

0.00

0.01

0.02

0.09

Humdinger

GD-23-208

Interval

277.00

280.00

3.00

0.03

0.69

0.00

0.00

0.02

0.05

Outpost

GD-23-222

Interval

20.00

23.00

3.00

0.03

0.90

0.00

0.00

0.02

0.05

Humdinger

GD-23-205

Interval

250.00

253.00

3.00

0.03

0.63

0.01

0.00

0.01

0.04

Outpost

GD-23-204

Interval

54.00

57.00

3.00

0.03

0.41

0.01

0.00

0.02

0.04

Outpost

GD-23-210

Interval

53.00

56.00

3.00

0.03

0.35

0.01

0.00

0.01

0.04

Kahuna

GD-23-190

Interval

11.00

14.00

3.00

1.66

81.57

0.00

0.15

0.00

0.04



Table 3: Collar information for the drill hole reported in this news release.

Drillhole ID

Easting

Northing

CRS

Azimuth

Dip

Length (m)

GD-23-112

6162481

458039

NAD83 / UTM zone 9N

30

60

209.5

GD-23-113

6162481

458036

NAD83 / UTM zone 9N

315

55

265

GD-23-114

6162479

458037

NAD83 / UTM zone 9N

265

70

764

GD-23-117

6163334

456706

NAD83 / UTM zone 9N

30

85

314

GD-23-119

6162479

458040

NAD83 / UTM zone 9N

135

60

259

GD-23-120

6163335

456706

NAD83 / UTM zone 9N

30

45

175

GD-23-121

6162525

458064

NAD83 / UTM zone 9N

330

50

181

GD-23-123

6167284

456223

NAD83 / UTM zone 9N

30

60

245

GD-23-124

6162525

458064

NAD83 / UTM zone 9N

265

85

192

GD-23-125

6163335

456706

NAD83 / UTM zone 9N

15

55

96

GD-23-127

6162523

458068

NAD83 / UTM zone 9N

265

55

187

GD-23-128

6163334

456704

NAD83 / UTM zone 9N

340

60

146

GD-23-129

6162523

458063

NAD83 / UTM zone 9N

85

55

181.6

GD-23-130

6162966

457719

NAD83 / UTM zone 9N

160

55

92

GD-23-131

6163335

456704

NAD83 / UTM zone 9N

350

45

114

GD-23-132

6167284

456225

NAD83 / UTM zone 9N

80

45

106

GD-23-133

6162417

457853

NAD83 / UTM zone 9N

30

85

124

GD-23-134

6167284

456225

NAD83 / UTM zone 9N

80

60

61

GD-23-136

6167283

456225

NAD83 / UTM zone 9N

100

55

55

GD-23-137

6162418

457853

NAD83 / UTM zone 9N

30

60

127

GD-23-138

6163335

456706

NAD83 / UTM zone 9N

75

48

200

GD-23-139

6167281

456224

NAD83 / UTM zone 9N

130

60

166

GD-23-140

6162418

457852

NAD83 / UTM zone 9N

340

60

276

GD-23-141

6163331

456705

NAD83 / UTM zone 9N

180

60

227

GD-23-142

6162415

457850

NAD83 / UTM zone 9N

250

60

168

GD-23-143

6167284

456224

NAD83 / UTM zone 9N

60

45

82

GD-23-144

6167248

456189

NAD83 / UTM zone 9N

30

50

208

GD-23-145

6163332

456706

NAD83 / UTM zone 9N

134

60

116

GD-23-146

6162413

457851

NAD83 / UTM zone 9N

210

70

160

GD-23-147

6167248

456189

NAD83 / UTM zone 9N

0

50

97

GD-23-148

6162414

457854

NAD83 / UTM zone 9N

134

60

157

GD-23-152

6162413

457853

NAD83 / UTM zone 9N

170

60

181

GD-23-153

6162304

457888

NAD83 / UTM zone 9N

30

80

149

GD-23-154

6162839

456854

NAD83 / UTM zone 9N

30

85

317

GD-23-155

6162305

457888

NAD83 / UTM zone 9N

30

55

97

GD-23-156

6162303

457890

NAD83 / UTM zone 9N

70

60

100

GD-23-158

6162301

457889

NAD83 / UTM zone 9N

134

60

102

GD-23-159

6162299

487889

NAD83 / UTM zone 9N

170

55

111

GD-23-160

6162839

456856

NAD83 / UTM zone 9N

65

55

398

GD-23-162

6162300

457884

NAD83 / UTM zone 9N

215

50

103

GD-23-163

6162302

457884

NAD83 / UTM zone 9N

245

50

100

GD-23-166

6162273

457986

NAD83 / UTM zone 9N

330

50

137

GD-23-168

6162275

457988

NAD83 / UTM zone 9N

0

50

110

GD-23-169

6162274

457989

NAD83 / UTM zone 9N

30

60

104

GD-23-171

6162272

457986

NAD83 / UTM zone 9N

270

50

82

GD-23-172

6162270

457987

NAD83 / UTM zone 9N

225

60

121

GD-23-174

6162269

457990

NAD83 / UTM zone 9N

134

60

100

GD-23-175

6162835

456853

NAD83 / UTM zone 9N

190

85

417

GD-23-176

6162695

458320

NAD83 / UTM zone 9N

210

60

401

GD-23-177

6162695

458320

NAD83 / UTM zone 9N

230

60

392

GD-23-178

6162840

456853

NAD83 / UTM zone 9N

344

55

406

GD-23-181

6162703

458317

NAD83 / UTM zone 9N

230

60

400

GD-23-182

6162377

457595

NAD83 / UTM zone 9N

20

60

662

GD-23-183

6162680

457337

NAD83 / UTM zone 9N

100

65

507

GD-23-185

6161257

458369

NAD83 / UTM zone 9N

0

55

573

GD-23-186

6164264

457639

NAD83 / UTM zone 9N

0

50

285

GD-23-187

6162454

457570

NAD83 / UTM zone 9N

45

55

270

GD-23-189

6164265

457639

NAD83 / UTM zone 9N

20

55

75

GD-23-190

6164265

457640

NAD83 / UTM zone 9N

40

55

76

GD-23-191

6164264

457638

NAD83 / UTM zone 9N

0

70

61

GD-23-192

6162376

457594

NAD83 / UTM zone 9N

355

50

332

GD-23-193

6164264

457638

NAD83 / UTM zone 9N

340

50

177

GD-23-195

6163108

456993

NAD83 / UTM zone 9N

40

70

321

GD-23-196

6162375

457592

NAD83 / UTM zone 9N

285

65

52

GD-23-198

6162374

457592

NAD83 / UTM zone 9N

285

65

269

GD-23-199

6161256

458638

NAD83 / UTM zone 9N

330

50

384

GD-23-200

6163108

456993

NAD83 / UTM zone 9N

46

46

354

GD-23-201

6162374

457592

NAD83 / UTM zone 9N

285

85

239

GD-23-202

6163082

457303

NAD83 / UTM zone 9N

22

60

791

GD-23-204

6160104

461360

NAD83 / UTM zone 9N

265

45

177

GD-23-205

6162556

458369

NAD83 / UTM zone 9N

330

85

333

GD-23-206

6162787

457499

NAD83 / UTM zone 9N

140

50

264

GD-23-208

6161251

458640

NAD83 / UTM zone 9N

180

70

393

GD-23-209

6162787

457499

NAD83 / UTM zone 9N

140

65

397

GD-23-210

6160104

461360

NAD83 / UTM zone 9N

265

45

409

GD-23-211

6163108

456993

NAD83 / UTM zone 9N

150

65

469

GD-23-212

6163082

457303

NAD83 / UTM zone 9N

120

90

515

GD-23-213

6166622

453976

NAD83 / UTM zone 9N

140

50

136

GD-23-214

6162454

457570

NAD83 / UTM zone 9N

280

70

357

GD-23-215

6166622

453976

NAD83 / UTM zone 9N

170

50

97

GD-23-216

6162501

457149

NAD83 / UTM zone 9N

95

85

142

GD-23-217

6161851

458935

NAD83 / UTM zone 9N

90

45

193

GD-23-218

6163108

456993

NAD83 / UTM zone 9N

230

70

464

GD-23-219

6162501

457149

NAD83 / UTM zone 9N

95

50

429

GD-23-220

6163082

457303

NAD83 / UTM zone 9N

50

75

311

GD-23-221

6162454

457570

NAD83 / UTM zone 9N

70

70

273

GD-23-222

6160104

461360

NAD83 / UTM zone 9N

265

75

61

GD-23-223

6161851

458935

NAD83 / UTM zone 9N

70

45

120

GD-23-224

6161793

457320

NAD83 / UTM zone 9N

310

50

57

GD-23-225

6161793

457320

NAD83 / UTM zone 9N

0

50

51

GD-23-226

6162918

457375

NAD83 / UTM zone 9N

140

69

653

GD-23-227

6161851

458935

NAD83 / UTM zone 9N

60

45

96

GD-23-228

6161793

457320

NAD83 / UTM zone 9N

280

50

42

GD-23-229

6163108

456993

NAD83 / UTM zone 9N

355

55

360

GD-23-230

6161793

457320

NAD83 / UTM zone 9N

30

50

24

GD-23-231

6163082

457303

NAD83 / UTM zone 9N

50

55

329

GD-23-232

6162501

457149

NAD83 / UTM zone 9N

134

50

222

GD-23-233

6163082

457303

NAD83 / UTM zone 9N

305

58

332

GD-23-234

6162918

457375

NAD83 / UTM zone 9N

130

65

172



Golddigger Property


The Golddigger Property is 100 % controlled covering an area of an area of 61,685 hectares (152,427 acres) and is in the world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia and within 3 kilometers of the ‘Red Line’ that is host to multiple world class deposits. The Surebet discovery has exceptional metallurgy with gold recoveries of 92.2% inclusive of 48.8% free gold from gravity alone at a 327-micrometer crush (no deleterious elements and no cyanide required to recover the gold based on metallurgical work completed to date).

It is in an excellent location close in proximity to the communities of Alice Arm and Kitsault where there is permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power. Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the East of Surebet discovery).

The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport with supplies.

Qualified Person

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

Other

Oriented HQ-diameter or NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area, and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM software and data from the 2017-2022 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. Standards, blanks and duplicates were added in the sample stream at a rate of 10%.

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples were then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, standards, and duplicate samples were inserted regularly into the sample sequence at a rate of 10%.

All samples are transported in rice bags sealed with numbered security tags. A transport company takes them from the core shack to the ALS labs facilities in North Vancouver. ALS is either certified to ISO 9001:2008 or accredited to ISO 17025:2005 in all of its locations. At ALS samples were processed, dried, crushed, and pulverized before analysis using the ME-MS61 and Au-SCR21 methods. For the ME-MS61 method, a prepared sample is digested with perchloric, nitric, hydrofluoric, and hydrochloric acids. The residue is topped up with dilute hydrochloric acid and analyzed by inductively coupled plasma atomic emission spectrometry. Overlimits were re-analyzed using the ME-OG62 and Ag-GRA21 methods (gravimetric finish). For Au-SCR21 a large volume of sample is needed (typically 1-3kg). The sample is crushed and screened (usually to -106 micron) to separate coarse gold particles from fine material. After screening, two aliquots of the fine fraction are analysed using the traditional fire assay method. The fine fraction is expected to be reasonably homogenous and well represented by the duplicate analyses. The entire coarse fraction is assayed to determine the contribution of the coarse gold.

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:

Goliath Resources Limited

Mr. Roger Rosmus

Founder and CEO

Tel: +1.416.488.2887

roger@goliathresources.com

www.goliathresourcesltd.com

Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and AuEq metal values are calculated using: AuEq metal values are calculated using: Au 1924.79 USD/oz, Ag 22.76 USD/oz, Cu 3.75 USD/lbs, Pb 2128.75 USD/ton and Zn 2468.50 USD/ton on December 23, 2023. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath’s project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. Bothell, Washington, dated May 29, 2020). Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath’s Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of the Company to complete financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
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