Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IE) is a precious metals project generator focused in the prolific Golden Triangle and surrounding area of northwestern British Columbia. It controls four highly prospective properties that include Bingo, Golddigger, Lucky Strike and Copperhead covering over 52,000 hectares.
All four properties have returned widespread mineralization of high grade Gold, Silver and/or Copper from exposed bedrock in situ at surface. These new discoveries are the result of glacial recession and snowpack melting in geological settings where world class deposits have been found within the Golden Triangle and surrounding area.
Lucky Strike Property – Lorne Creek Au-Cu-Mo Monzonite Porphyry System
The newly discovered Lorne Creek Au-Cu-Mo Monzonite Porphyry System is defined by a 1200 by 700 metre aleration system, with a significant monzonite porphyry outcropping at surface. It is cored by QSP, containing gold bearing chalcopyrite and molybdenite stockwork mineralization.
All of the 2018 bedrock samples taken from the porphyry centre, stockwork and veins outcropping at surface either contained gold, silver, copper, molybdenum and or a combination thereof. These samples returned UP TO (sample grades do not represent and are not indicative of core grades – core assays are pending):
• 2.95 g/t Au
• 133 g/t Ag
• 4.5% Cu
• 0.34% Mo
It successfully completed three drill holes as of August 26, 2019 for a total of 1741 metres containing wide spread disseminated sulphides from its inaugural diamond drilling program at its newly discovered Lorne Creek Au-Cu-Mo Large Porphyry System. All three diamond drill holes confirmed the presence of widespread sulphide mineralization, including key alteration, textures and geologic units consistent with a porphyry system from the surface and to the bottom of all drill holes, the system remains open.
All three holes contained widespread sulphides from collar to termination at 718 metres, 501 metres, and 522 metres respectively that all remain open. These early results exceeded expectations confirming the presence of a robust porphyry system that remains open and under-explored, we look forward to receiving assay results and future a follow up drill program.
All three holes were drilled from the same pad, the details are:
* LS-19-01: Drilled to 718 metres, system remains open, Az: 0 (N), Dip: 70
* LS-19-02: Drilled to 501 metres, system remains open, Az: 30 (NE), Dip: 70
* LS-19-03: Drilled to 522 metres, system remains open, Az: 330 deg (NW), Dip: 70
Web link to a video of drilling the Discovery Hole # LS-01-19, at the large Lorne Creek Au-Cu-Mo Monzonite Porphyry System – Click Here
In 2017, the Company purchased a 10% interest in the DSM Syndicate. This private company was formed to pool geological knowledge and expertise relating to certain properties identified in an area of northwestern British Columbia. It staked a total of six properties and is marketing these properties with the intention to option or sell the interests. This would provide Goliath with 10% of all cash and/or shares when any deals are completed.
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