Goliath Resources Limited (TSX-V: GOT) is a precious metals exploration company focused in the Golden Triangle and surrounding area of British Columbia. It has options to acquire 100% of four highly prospective properties that include Lucky Strike, Golddigger, Copperhead and Bingo covering 43,401 hectares from the J2 Syndicate (J2S), a privately funded company that generated precious metals targets in the Golden Triangle and surrounding area.
The J2S Managing Director forms part of its technical advisors and is its exploration program manager. The J2S team, includes members of the original team which generated, prospected and staked the Coffee Creek claims in 1998. This exploration team was responsible for discovering the gold in soil anomaly in 1999 and 2000 that now forms the nucleus of the Supremo zone. This discovery evolved into a 5 million ounce gold resource that was recently bought by Gold Corp for $520 million. This team also includes some of the original members that staked and generated the Plateau Project in the Yukon for Goldstrike Resources (TSX-V: GSR), which has recently completed a $53M JV deal with Newmont Mining Corporation.
The Company also owns a 10% interest in the DSM Syndicate, a privately funded company that was formed in 2017 with the sole purpose of generating new precious metals discoveries in British Columbia. DSM’s work in 2017 included an extensive precious metals project generation program that included reconnaissance prospecting of ~165 targets over ~500 kilometers of terrain.
The Lucky Strike property was used as Goliath Resources Limited’s qualifying property to complete its reverse-take-over October 11, 2017.
The newly discovered Prosperity Trend located within the Lucky Strike property measures 2.4 kilometres wide and kilometres 3.4 long. It is situated at the headwaters of two prolific placer creeks that have reported combined production 1886 – 1940 of 13,624 ounces of gold as well as coarse nuggets of up to 6.27 ounces gold. The source of the placer gold is believed to be attributed to erosion of gold mineralized bedrock from the immediate area. Geophysics and outcrop indicate a porphyry. This discovery was made where bedrock has been exposed due to the receding snowpack.
2016 grab sample results occurring in polymetallic quartz veins from this area include:
– 24.7 grams per tonne gold, 172 grams per tonne silver, 2.04% copper and 6.3% zinc
– 1.53 grams per tonne gold and 149 grams per tonne silver
– 0.3 grams per tonne gold, 188 grams per tonne silver, 0.41% copper and 8.34% lead
– 1.6 grams per tonne gold and 100 grams per tonne silver
– 122 grams per tonne silver and 4% lead
Photos of these samples can be viewed in Lucky Strike’s 2016 photo gallery. Grab samples taken this year can be viewed in the 2017 photo gallery, and an aerial view of the Prosperity area can be seen in the 2017 video gallery.
A technical report was prepared and completed in accordance with NI 43-101 Standards of Disclosure for Mineral Projects. A copy of this report can be downloaded here and also can be found on SEDAR at www.sedar.com.
Responsible Mineral Development
Goliath Resources Limited is committed to working shoulder to shoulder with its stakeholders to achieve responsible development of its projects, and to contribute to the sustainable development of the communities in which we work. Our work programs are all carefully planned to achieve high levels of environmental and social performance