GOLD-EQUIVALENT DRILL HIGHLIGHTS (for complete details see Table 2 below):
SUREBET DISCOVERY - UPDATED 3D MODEL VIDEO (Click Here)
TORONTO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSXV:GOT) (OTCQX:GOTRF) (FSE: B4IF) (the "Company" or "Goliath") is pleased to report the completed gold-equivalent assay results for the remaining 56 holes drilled in 2025 at the Surebet Discovery on its 100% controlled Golddigger Property (the "Property"), Golden Triangle, British Columbia. Accounting for Silver, Copper, Lead and Zinc within these 56 drill hole results, Goliath reports an average 19.6% increase in overall grade values from the previously announced Gold only assays (see news January 20, 2026, December 2, 2025, November 17, 2025, October 27, 2025, September 22, 2025, September 8, 2025, August 26, 2025, and July 28, 2025).
Highlights include drill hole GD-24-280 (a 2024 hole relogged in 2025) which intersected 24.16 g/t AuEq (24.05 g/t Au and 5.78 g/t Ag) over 7.00 meters, within 17.32 g/t AuEq (17.24 g/t Au and 4.28 g/t Ag) over 10.00 meters, within 8.35 g/t AuEq (8.31 g/t Au and 2.30 g/t Ag) over 23.00 meters in the Bonanza Zone. Every drill hole completed so far within the 1.8 km2 Surebet discovery, including all 110 holes from the 2025 season, has successfully intersected gold mineralization. These results confirm predictable continuity, grade, and width across 5 Gold-Rich Zones and 46 Distinct Lodes, all of which remain open for expansion. The fully funded 2026 drill program will focus on expanding the 5 Main Mineralized Zones, testing the Motherlode causative intrusive source, and build toward a future resource.
Mr. Roger Rosmus, Founder & CEO of Goliath states: "We are delighted with the substantial increase in grades on a gold equivalent basis (increase of 16.5% with all metals included) in our 110 holes from 2025 as well as the expanded model. It is positive that after 386 holes drilled that the various gently-dipping stacked veins, and vertical dykes, remain open. We believe that we are still likely at the top of the system with a substantial amount of room to grow laterally and at depth. What has clearly emerged from our drilling to date is that an analogue for the gently-dipping stacked veins is the high-grade Pogo Mine in Alaska. Advancing the Surebet high-grade gold discovery, at a time when gold is near record highs, and the majors and mid-tiers have large cash positions on their balance sheets and in need of growth opportunities while there is a dearth of them, puts us in a unique position. I would like to point readers to the images that show the expanded model of the stacked veins and vertical dykes, plus the image with the widespread VG-NE to get a sense of the impressive discovery Surebet is standing at to date and remains wide open for expansion. In addition, I would invite our shareholders and potential shareholders to compare Surebet to other discoveries and believe they will reach the conclusion that Surebet is one of very few such discoveries anywhere in the world. Now we are in the process of compiling all of our data, adjusting our models, doing advanced geological studies at the Colorado School of Mines, to assist our geological team in planning for the upcoming 2026 drilling season. We look forward to mobilizing later this year for our fully-funded 2026 drilling campaign."
Assay results from the recently concluded 64,364-meter drill program have significantly expanded the high-grade footprint of the Surebet Discovery, which remains open for further growth. An updated geological model incorporating all 2025 data identifies 5 primary mineralized Zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado. Collectively these Zones comprise 46 gold-rich lodes and associated Eocene-aged RIRG dykes.
Table 1: Five main modelled gold rich zones and dykes.
| Zone | Number of lodes | Dimensions | Key Intercept | Status |
| Bonanza | 5 | 1.8 km x 1.1 km x 19 m | 8.35 g/t AuEq over 23 m | Remains Open |
| Surebet | 9 | 1.2 km x 930 m x 19 m | 21.08 g/t AuEq over 23 m | Remains Open |
| Golden Gate | 18 | 1.3 km x 820 m x 14 m | 34.52 g/t AuEq over 39 m | Remains Open |
| Whopper | 12 | 800 m x 450 m x 6 m | 32.67 g/t AuEq over 4 m | Remains Open |
| Eldorado | 2 | 680 m x 700 m x 5 m | 13.93 g/t AuEq over 5.75 m | Remains Open |
| Gold-rich dykes | 1.4 km x 890 m x 25 m | 12.03 g/t AuEq over 10 m | Remains Open |
High-grade gold has been identified in three distinct rock packages discovered to date at the Surebet Discovery. This includes the gently dipping gold-rich stacked quartz-sulphide breccias/stockwork veins; the gold-rich intermediate to felsic gold-rich dykes; and the recently discovered broad gold-rich zones of calc-silicate altered breccia. All mineralized rock types contain substantial amounts of VG-NE (from fine-grained to coarse-grained gold) and remain open for expansion. This confirms the presence of a Motherlode magmatic source nearby, a causative intrusion responsible for the extensive 1.8 km2 high-grade gold system at Surebet.
The desirable continuity, widths and grades encountered across multiple lodes underscore the significance of this 1.8 km2 gold system which has the potential to become one of the most significant gold discoveries in British Columbia's Golden Triangle in many years. Success to date has effectively vectored toward several open targets, providing a firm foundation for further expansion in the 2026 drilling campaign.
Surebet Discovery Highlights
Table 2: Complete gold-equivalent assay results.
| Hole ID | Interval | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | Cu (%) | Pb (%) | Zn (%) | AuEq (g/t) | Zone |
| GD-24-280_RELOG | Interval | 90.45 | 100.00 | 9.55 | 1.21 | 1.43 | 0.00 | 0.00 | 0.01 | 1.24 | Bonanza |
| including | 93.73 | 99.00 | 5.27 | 2.10 | 2.30 | 0.00 | 0.00 | 0.01 | 2.15 | ||
| Interval | 105.00 | 128.00 | 23.00 | 8.31 | 2.30 | 0.00 | 0.00 | 0.02 | 8.35 | Bonanza | |
| including | 106.00 | 116.00 | 10.00 | 17.24 | 4.28 | 0.01 | 0.00 | 0.02 | 17.32 | ||
| including | 106.00 | 113.00 | 7.00 | 24.05 | 5.78 | 0.01 | 0.00 | 0.02 | 24.16 | ||
| and | 118.00 | 126.00 | 8.00 | 2.18 | 0.95 | 0.00 | 0.00 | 0.02 | 2.21 | ||
| including | 120.96 | 126.00 | 5.04 | 3.25 | 1.11 | 0.00 | 0.00 | 0.02 | 3.28 | ||
| GD-25-319 | Interval | 443.80 | 447.00 | 3.20 | 1.22 | 20.91 | 0.03 | 0.58 | 2.40 | 2.18 | Bonanza |
| Interval | 484.00 | 487.00 | 3.00 | 1.90 | 2.54 | 0.01 | 0.04 | 0.14 | 1.98 | Golden Gate | |
| including | 485.00 | 486.00 | 1.00 | 5.65 | 6.75 | 0.01 | 0.12 | 0.36 | 5.87 | ||
| Interval | 510.00 | 527.00 | 17.00 | 1.07 | 2.24 | 0.01 | 0.02 | 0.09 | 1.14 | Golden Gate | |
| Including | 518.00 | 522.10 | 4.10 | 3.20 | 7.02 | 0.02 | 0.08 | 0.17 | 3.38 | ||
| Interval | 564.10 | 577.00 | 12.90 | 9.15 | 17.36 | 0.02 | 0.01 | 0.06 | 9.48 | Golden Gate | |
| including | 565.10 | 576.05 | 10.95 | 10.76 | 20.30 | 0.02 | 0.02 | 0.06 | 11.14 | ||
| including | 565.10 | 569.10 | 4.00 | 29.09 | 53.55 | 0.04 | 0.04 | 0.06 | 30.06 | ||
| GD-25-405 | Interval | 84.00 | 87.25 | 3.25 | 2.47 | 1.35 | 0.01 | 0.01 | 0.02 | 2.51 | Bonanza |
| Interval | 163.70 | 174.00 | 10.30 | 8.55 | 2.82 | 0.01 | 0.02 | 0.26 | 8.66 | Golden Gate | |
| including | 164.70 | 173.00 | 8.30 | 10.60 | 3.35 | 0.01 | 0.02 | 0.32 | 10.74 | ||
| including | 166.75 | 170.50 | 3.75 | 21.09 | 5.14 | 0.02 | 0.03 | 0.64 | 21.33 | ||
| GD-25-332 | Interval | 171.25 | 177.00 | 5.75 | 13.38 | 23.43 | 0.02 | 0.50 | 0.33 | 13.93 | Eldorado |
| Including | 172.24 | 176.11 | 3.87 | 19.87 | 33.97 | 0.03 | 0.73 | 0.46 | 20.67 | ||
| Interval | 417.00 | 423.00 | 6.00 | 3.04 | 4.17 | 0.01 | 0.05 | 0.18 | 3.17 | Bonanza | |
| including | 417.00 | 420.00 | 3.00 | 5.90 | 6.24 | 0.02 | 0.09 | 0.26 | 6.09 | ||
| GD-25-321 | Interval | 289.00 | 318.00 | 29.00 | 2.29 | 9.24 | 0.01 | 0.17 | 0.15 | 2.51 | Golden Gate |
| including | 290.00 | 311.00 | 21.00 | 3.10 | 12.44 | 0.02 | 0.23 | 0.20 | 3.40 | ||
| including | 290.00 | 303.00 | 13.00 | 4.78 | 19.67 | 0.02 | 0.36 | 0.31 | 5.24 | ||
| including | 290.00 | 294.00 | 4.00 | 6.29 | 4.90 | 0.00 | 0.11 | 0.20 | 6.44 | ||
| and | 295.00 | 299.69 | 4.69 | 7.03 | 46.55 | 0.05 | 0.83 | 0.38 | 8.06 | ||
| GD-24-254_RELOG | Interval | 109.78 | 113.59 | 3.81 | 2.51 | 5.12 | 0.01 | 0.08 | 0.08 | 2.63 | Whopper |
| Interval | 373.70 | 387.00 | 13.30 | 4.61 | 11.00 | 0.02 | 0.33 | 0.35 | 4.93 | Golden Gate | |
| including | 374.83 | 386.00 | 11.17 | 5.47 | 12.96 | 0.02 | 0.40 | 0.42 | 5.85 | ||
| including | 381.00 | 385.00 | 4.00 | 13.83 | 33.19 | 0.05 | 1.09 | 1.12 | 14.81 | ||
| Interval | 422.00 | 425.03 | 3.03 | 4.98 | 5.59 | 0.01 | 0.01 | 0.01 | 5.09 | Golden Gate | |
| Interval | 455.37 | 458.45 | 3.08 | 2.59 | 9.47 | 0.03 | 0.12 | 0.24 | 2.84 | Golden Gate | |
| Interval | 604.00 | 607.00 | 3.00 | 22.41 | 22.77 | 0.03 | 0.03 | 0.22 | 22.88 | Golden Gate | |
| GD-25-383 | Interval | 416.00 | 433.00 | 17.00 | 3.59 | 1.56 | 0.00 | 0.00 | 0.01 | 3.62 | Dyke |
| including | 417.00 | 431.10 | 14.10 | 4.29 | 1.79 | 0.00 | 0.00 | 0.01 | 4.32 | ||
| Including | 417.00 | 425.00 | 8.00 | 7.28 | 2.67 | 0.00 | 0.00 | 0.01 | 7.33 | ||
| GD-25-311 | Interval | 183.94 | 187.05 | 3.11 | 2.04 | 2.84 | 0.01 | 0.03 | 0.16 | 2.13 | Whopper |
| Interval | 277.97 | 281.02 | 3.05 | 3.15 | 2.17 | 0.00 | 0.01 | 0.03 | 3.19 | Whopper | |
| Interval | 361.09 | 365.10 | 4.01 | 2.60 | 2.43 | 0.01 | 0.01 | 0.10 | 2.67 | Surebet | |
| Interval | 580.00 | 584.07 | 4.07 | 11.20 | 1.36 | 0.01 | 0.00 | 0.03 | 11.24 | Golden Gate | |
| including | 580.00 | 583.00 | 3.00 | 15.13 | 1.78 | 0.02 | 0.00 | 0.03 | 15.19 | ||
| GD-25-359 | Interval | 174.00 | 179.00 | 5.00 | 4.05 | 269.16 | 0.05 | 1.02 | 0.92 | 9.04 | Surebet |
| Interval | 193.06 | 199.15 | 6.09 | 1.29 | 52.95 | 0.02 | 0.24 | 0.14 | 2.28 | Surebet | |
| GD-25-334 | Interval | 386.00 | 389.00 | 3.00 | 1.98 | 0.70 | 0.01 | 0.00 | 0.01 | 2.01 | Bonanza |
| Interval | 400.00 | 405.00 | 5.00 | 2.56 | 1.17 | 0.01 | 0.03 | 0.03 | 2.59 | Golden Gate | |
| including | 402.00 | 405.00 | 3.00 | 3.86 | 1.52 | 0.01 | 0.04 | 0.04 | 3.90 | ||
| Interval | 412.00 | 419.00 | 7.00 | 5.88 | 15.20 | 0.01 | 0.37 | 0.20 | 6.24 | Golden Gate | |
| including | 413.00 | 417.00 | 4.00 | 10.18 | 26.11 | 0.02 | 0.64 | 0.33 | 10.80 | ||
| including | 413.00 | 416.00 | 3.00 | 13.47 | 34.53 | 0.02 | 0.84 | 0.44 | 14.28 | ||
| GD-25-385 | Interval | 138.00 | 141.00 | 3.00 | 3.59 | 5.58 | 0.00 | 0.00 | 0.01 | 3.69 | Whopper |
| Interval | 253.00 | 261.00 | 8.00 | 3.35 | 89.72 | 0.02 | 1.58 | 0.54 | 5.22 | Surebet | |
| including | 254.00 | 260.13 | 6.13 | 4.36 | 116.19 | 0.02 | 2.05 | 0.70 | 6.78 | ||
| including | 256.00 | 260.13 | 4.13 | 6.40 | 171.78 | 0.03 | 3.05 | 1.03 | 9.98 | ||
| GD-25-313 | Interval | 527.00 | 532.50 | 5.50 | 6.63 | 15.09 | 0.01 | 0.33 | 0.25 | 6.99 | Golden Gate |
| including | 528.10 | 531.50 | 3.40 | 10.68 | 23.91 | 0.02 | 0.53 | 0.39 | 11.26 | ||
| GD-25-360 | Interval | 98.00 | 112.00 | 14.00 | 2.21 | 1.73 | 0.01 | 0.00 | 0.02 | 2.26 | Bonanza |
| including | 102.65 | 110.00 | 7.35 | 3.92 | 2.32 | 0.01 | 0.00 | 0.03 | 3.97 | ||
| including | 107.00 | 110.00 | 3.00 | 8.50 | 5.15 | 0.03 | 0.01 | 0.06 | 8.63 | ||
| Interval | 132.00 | 135.00 | 3.00 | 1.98 | 1.50 | 0.01 | 0.01 | 0.10 | 2.04 | Golden Gate | |
| GD-25-381 | Interval | 264.00 | 270.15 | 6.15 | 2.18 | 139.57 | 0.01 | 0.08 | 0.13 | 4.62 | Surebet |
| including | 265.00 | 269.00 | 4.00 | 3.32 | 213.83 | 0.01 | 0.12 | 0.19 | 7.06 | ||
| including | 265.00 | 268.00 | 3.00 | 4.33 | 284.48 | 0.01 | 0.15 | 0.25 | 9.31 | ||
| GD-25-374 | Interval | 378.00 | 381.95 | 3.95 | 6.77 | 8.23 | 0.01 | 0.11 | 0.36 | 7.00 | Surebet |
| Interval | 388.00 | 391.00 | 3.00 | 1.73 | 23.64 | 0.12 | 0.20 | 1.05 | 2.48 | Surebet | |
| GD-25-395 | Interval | 305.02 | 316.15 | 11.13 | 1.57 | 18.37 | 0.02 | 0.38 | 0.45 | 2.04 | Surebet |
| including | 311.10 | 316.15 | 5.05 | 2.66 | 29.40 | 0.02 | 0.77 | 0.84 | 3.46 | ||
| GD-25-401 | Interval | 51.00 | 54.00 | 3.00 | 2.04 | 0.72 | 0.00 | 0.00 | 0.01 | 2.06 | Bonanza |
| Interval | 55.96 | 62.00 | 6.04 | 2.07 | 1.23 | 0.00 | 0.00 | 0.01 | 2.10 | Bonanza | |
| including | 57.00 | 61.11 | 4.11 | 3.00 | 1.62 | 0.00 | 0.00 | 0.01 | 3.04 | ||
| GD-25-375 | Interval | 218.00 | 223.25 | 5.25 | 1.69 | 150.53 | 0.02 | 2.20 | 1.15 | 4.82 | Surebet |
| including | 218.00 | 221.00 | 3.00 | 2.84 | 254.90 | 0.02 | 3.74 | 1.63 | 8.05 | ||
| GD-25-326 | Interval | 299.00 | 302.00 | 3.00 | 8.57 | 1.84 | 0.01 | 0.01 | 0.11 | 8.63 | Surebet |
| GD-25-398 | Interval | 74.39 | 80.07 | 5.68 | 4.44 | 0.86 | 0.01 | 0.00 | 0.01 | 4.46 | Golden Gate |
| including | 74.39 | 79.03 | 4.64 | 5.41 | 1.01 | 0.01 | 0.00 | 0.01 | 5.44 | ||
| Interval | 132.00 | 135.00 | 3.00 | 2.68 | 1.04 | 0.01 | 0.01 | 0.02 | 2.71 | Golden Gate | |
| GD-25-367 | Interval | 376.00 | 379.00 | 3.00 | 1.97 | 1.34 | 0.01 | 0.01 | 0.09 | 2.02 | Bonanza |
| Interval | 523.00 | 527.00 | 4.00 | 5.34 | 8.79 | 0.02 | 0.13 | 0.36 | 5.60 | Golden Gate | |
| including | 523.00 | 526.00 | 3.00 | 7.10 | 11.58 | 0.03 | 0.17 | 0.48 | 7.44 | ||
| GD-25-349 | Interval | 85.00 | 89.00 | 4.00 | 5.50 | 4.82 | 0.00 | 0.00 | 0.02 | 5.59 | Bonanza |
| GD-25-335 | Interval | 236.00 | 239.00 | 3.00 | 3.71 | 4.82 | 0.01 | 0.14 | 0.08 | 3.83 | Golden Gate |
| GD-24-266_RELOG | Interval | 514.00 | 518.00 | 4.00 | 5.40 | 3.59 | 0.00 | 0.00 | 0.02 | 5.46 | Dyke |
| GD-25-356 | Interval | 522.13 | 526.00 | 3.87 | 4.98 | 11.62 | 0.02 | 0.13 | 0.48 | 5.31 | Golden Gate |
| GD-25-393 | Interval | 386.00 | 390.00 | 4.00 | 4.72 | 0.94 | 0.00 | 0.00 | 0.01 | 4.74 | Dyke |
| GD-25-366 | Interval | 62.05 | 66.00 | 3.95 | 3.34 | 3.94 | 0.01 | 0.07 | 0.09 | 3.44 | Whopper |
| Interval | 579.00 | 582.00 | 3.00 | 3.78 | 16.46 | 0.12 | 0.26 | 0.58 | 4.31 | Golden Gate | |
| GD-25-382 | Interval | 11.05 | 15.12 | 4.07 | 3.46 | 1.12 | 0.01 | 0.00 | 0.02 | 3.49 | Golden Gate |
| Interval | 67.00 | 70.00 | 3.00 | 1.95 | 8.74 | 0.00 | 0.00 | 0.01 | 2.11 | Golden Gate | |
| GD-25-323 | Interval | 305.70 | 315.00 | 9.30 | 0.79 | 4.68 | 0.01 | 0.09 | 1.05 | 1.11 | Surebet |
| including | 306.86 | 313.05 | 6.19 | 1.13 | 6.20 | 0.02 | 0.12 | 1.55 | 1.59 | ||
| Interval | 588.80 | 592.50 | 3.70 | 3.71 | 16.98 | 0.08 | 0.10 | 1.15 | 4.32 | Golden Gate | |
| GD-25-396 | Interval | 125.95 | 131.96 | 6.01 | 2.55 | 0.64 | 0.01 | 0.00 | 0.01 | 2.57 | Bonanza |
| including | 244.00 | 247.19 | 3.19 | 2.47 | 6.34 | 0.01 | 0.02 | 0.54 | 2.71 | ||
| GD-25-406 | Interval | 121.00 | 134.00 | 13.00 | 0.48 | 34.18 | 0.02 | 0.18 | 0.23 | 1.16 | Bonanza |
| including | 122.00 | 126.00 | 4.00 | 1.28 | 89.05 | 0.06 | 0.55 | 0.72 | 3.09 | ||
| Interval | 135.00 | 143.00 | 8.00 | 0.92 | 17.57 | 0.02 | 0.08 | 0.20 | 1.29 | Bonanza | |
| including | 138.00 | 142.00 | 4.00 | 1.76 | 27.07 | 0.02 | 0.11 | 0.37 | 2.34 | ||
| GD-25-305 | Interval | 240.98 | 249.00 | 8.02 | 1.10 | 1.03 | 0.00 | 0.01 | 0.02 | 1.12 | Whopper |
| Interval | 259.03 | 263.00 | 3.97 | 2.51 | 6.34 | 0.00 | 0.00 | 0.02 | 2.62 | Dyke | |
| Interval | 583.90 | 596.00 | 12.10 | 1.19 | 1.73 | 0.01 | 0.01 | 0.02 | 1.23 | Golden Gate | |
| including | 587.10 | 592.97 | 5.87 | 2.20 | 0.31 | 0.01 | 0.00 | 0.02 | 2.22 | ||
| GD-25-389 | Interval | 125.00 | 135.00 | 10.00 | 1.16 | 1.30 | 0.01 | 0.00 | 0.01 | 1.19 | Bonanza |
| Interval | 156.00 | 160.00 | 4.00 | 3.57 | 1.54 | 0.01 | 0.00 | 0.02 | 3.61 | Bonanza | |
| GD-23-102_RELOG | Interval | 97.00 | 108.00 | 11.00 | 1.13 | 0.57 | 0.01 | 0.00 | 0.02 | 1.16 | Golden Gate |
| GD-25-316 | Interval | 356.00 | 363.65 | 7.65 | 1.49 | 4.50 | 0.01 | 0.11 | 0.16 | 1.63 | Surebet |
| including | 357.82 | 362.50 | 4.68 | 2.39 | 5.60 | 0.01 | 0.15 | 0.24 | 2.56 | ||
| GD-23-194_RELOG | Interval | 510.17 | 519.00 | 8.83 | 1.03 | 2.58 | 0.01 | 0.04 | 0.34 | 1.15 | Golden Gate |
| GD-25-344 | Interval | 215.82 | 222.23 | 6.41 | 1.29 | 7.87 | 0.01 | 0.14 | 0.10 | 1.47 | Whopper |
| GD-25-399 | Interval | 58.5 | 61.5 | 3.00 | 2.71 | 0.50 | 0.01 | 0.00 | 0.12 | 2.76 | Bonanza |
| GD-24-267_RELOG | Interval | 60.74 | 64.46 | 3.72 | 1.58 | 1.47 | 0.00 | 0.00 | 0.01 | 1.61 | Bonanza |
| GD-24-260_RELOG | Interval | 614.00 | 619.00 | 5.00 | 1.11 | 2.00 | 0.00 | 0.00 | 0.01 | 1.15 | Golden Gate |
| GD-24-249_RELOG | Interval | 89.00 | 92.85 | 3.85 | 1.31 | 0.61 | 0.01 | 0.00 | 0.01 | 1.33 | Bonanza |
| GD-25-308 | Interval | 405.00 | 408.00 | 3.00 | 1.55 | 1.42 | 0.00 | 0.00 | 0.01 | 1.58 | Dyke |
| GD-23-161_RELOG | Interval | 244.00 | 247.00 | 3.00 | 1.36 | 1.96 | 0.00 | 0.00 | 0.03 | 1.41 | Whopper |
| GD-22-83_RELOG | Interval | 188.00 | 191.63 | 3.63 | 0.68 | 13.23 | 0.00 | 0.01 | 0.02 | 0.91 | Dyke |
| GD-24-255_RELOG | Interval | 445.00 | 449.00 | 4.00 | 0.65 | 0.27 | 0.00 | 0.00 | 0.01 | 0.66 | Golden Gate |
| GD-24-197_RELOG | Interval | 288.00 | 293.00 | 5.00 | 0.48 | 1.37 | 0.00 | 0.01 | 0.02 | 0.51 | Dyke |
| GD-24-283_RELOG | Interval | 532.30 | 536.00 | 3.70 | 0.57 | 0.91 | 0.00 | 0.00 | 0.07 | 0.61 | Golden Gate |
| GD-23-179_RELOG | Interval | 457.00 | 462.00 | 5.00 | 0.44 | 0.52 | 0.00 | 0.00 | 0.02 | 0.45 | Dyke |
| GD-24-294_RELOG | Interval | 506.00 | 510.00 | 4.00 | 0.48 | 1.44 | 0.01 | 0.03 | 0.08 | 0.53 | Golden Gate |
| GD-24-246_RELOG | Interval | 61.00 | 69.00 | 8.00 | 0.24 | 0.56 | 0.00 | 0.00 | 0.01 | 0.25 | Dyke |
| GD-24-293_RELOG | Interval | 251.00 | 259.00 | 8.00 | 0.23 | 0.37 | 0.00 | 0.00 | 0.01 | 0.24 | Golden Gate |
| GD-25-338 | Interval | 426.00 | 429.00 | 3.00 | 0.80 | 1.56 | 0.00 | 0.01 | 0.02 | 0.83 | Dyke |
| GD-25-340 | Interval | 363.40 | 370.47 | 7.07 | 0.24 | 1.59 | 0.00 | 0.02 | 0.09 | 0.29 | Bonanza |
| GD-25-309 | Interval | 296.03 | 299.07 | 3.04 | 1.72 | 0.56 | 0.00 | 0.00 | 0.01 | 1.74 | Eldorado |
| GD-25-346 | Interval | 221.84 | 226.00 | 4.16 | 1.06 | 2.01 | 0.01 | 0.02 | 0.05 | 1.11 | Bonanza |
| GD-25-379 | Interval | 288.82 | 292.90 | 4.08 | 1.05 | 8.04 | 0.02 | 0.10 | 0.04 | 1.23 | Surebet |
| GD-25-339 | Interval | 634.91 | 638.12 | 3.21 | 1.10 | 12.38 | 0.01 | 0.02 | 1.04 | 1.54 | Golden Gate |
| GD-25-369 | Interval | 667.00 | 671.00 | 4.00 | 0.70 | 16.76 | 0.02 | 0.03 | 0.67 | 1.14 | Golden Gate |
| GD-25-336 | Interval | 228.00 | 231.00 | 3.00 | 1.10 | 12.62 | 0.01 | 0.37 | 0.42 | 1.46 | Eldorado |
| GD-25-315 | Interval | 223.00 | 226.00 | 3.00 | 1.25 | 2.39 | 0.03 | 0.03 | 0.10 | 1.34 | Golden Gate |
| GD-25-364 | Interval | 253.80 | 257.58 | 3.78 | 0.95 | 2.84 | 0.00 | 0.00 | 0.01 | 1.01 | Whopper |
| GD-25-408 | Interval | 172.59 | 175.77 | 3.18 | 0.28 | 10.30 | 0.01 | 0.06 | 0.67 | 0.61 | Bonanza |
| GD-25-397 | Interval | 185.00 | 188.00 | 3.00 | 1.15 | 2.23 | 0.01 | 0.03 | 0.14 | 1.23 | Bonanza |
| GD-25-388 | Interval | 39.00 | 42.00 | 3.00 | 1.16 | 1.39 | 0.01 | 0.00 | 0.02 | 1.19 | Bonanza |
| GD-25-384 | Interval | 257.00 | 260.00 | 3.00 | 0.74 | 7.32 | 0.01 | 0.13 | 1.23 | 1.14 | Surebet |
| GD-25-402 | Interval | 195.12 | 199.00 | 3.88 | 0.80 | 3.16 | 0.01 | 0.05 | 0.13 | 0.89 | Bonanza |
| GD-25-392 | Interval | 144.00 | 148.00 | 4.00 | 0.57 | 1.66 | 0.02 | 0.00 | 0.01 | 0.62 | Bonanza |
| GD-25-320 | Interval | 247.00 | 251.00 | 4.00 | 0.51 | 0.63 | 0.01 | 0.00 | 0.01 | 0.53 | Golden Gate |
| GD-25-353 | Interval | 286.00 | 289.93 | 3.93 | 0.46 | 0.83 | 0.01 | 0.01 | 0.08 | 0.51 | Golden Gate |
| GD-25-404 | Interval | 181.00 | 186.00 | 5.00 | 0.34 | 0.95 | 0.00 | 0.00 | 0.01 | 0.36 | Bonanza |
| GD-25-347 | Interval | 333.00 | 336.00 | 3.00 | 0.58 | 0.10 | 0.00 | 0.00 | 0.01 | 0.59 | Dyke |
| GD-24-263_RELOG | Interval | 491.00 | 494.00 | 3.00 | 0.05 | 32.43 | 0.00 | 0.10 | 0.02 | 0.63 | Golden Gate |
| GD-22-74_RELOG | Interval | 224.00 | 228.00 | 4.00 | 0.43 | 0.79 | 0.00 | 0.01 | 0.01 | 0.45 | Dyke |
| GD-22-67_RELOG | Interval | 269.00 | 272.86 | 3.86 | 0.37 | 4.52 | 0.01 | 0.00 | 0.01 | 0.46 | Dyke |
| GD-24-297_RELOG | Interval | 95.00 | 98.00 | 3.00 | 0.57 | 0.53 | 0.00 | 0.01 | 0.02 | 0.59 | Golden Gate |
| GD-24-285_RELOG | Interval | 326.00 | 329.10 | 3.10 | 0.37 | 1.30 | 0.01 | 0.00 | 0.01 | 0.40 | Surebet |
| GD-24-290_RELOG | Interval | 70.45 | 73.80 | 3.35 | 0.33 | 1.01 | 0.00 | 0.00 | 0.02 | 0.35 | Bonanza |
| GD-24-232_RELOG | Interval | 149.00 | 152.80 | 3.80 | 0.28 | 0.29 | 0.00 | 0.00 | 0.01 | 0.29 | Dyke |
| GD-23-183_RELOG | Interval | 352.00 | 355.00 | 3.00 | 0.25 | 2.73 | 0.00 | 0.03 | 0.02 | 0.31 | Dyke |
| GD-23-154_RELOG | Interval | 166.00 | 169.10 | 3.10 | 0.27 | 0.37 | 0.00 | 0.00 | 0.01 | 0.28 | Dyke |
| GD-25-310 | Interval | 149.00 | 152.00 | 3.00 | 0.40 | 0.20 | 0.00 | 0.00 | 0.01 | 0.41 | Golden Gate |
| GD-25-304 | Interval | 254.00 | 257.00 | 3.00 | 0.24 | 0.99 | 0.01 | 0.03 | 0.16 | 0.29 | Golden Gate |
Table 3: Collar information for drill holes reported in this news release.
| Hole ID | CRS | Easting (m) | Northing (m) | Elevation (m) | Azimuth (deg) | Dip (deg) | Length (m) |
| GD-22-67_RELOG | NAD83 / UTM zone 9N | 457192 | 6162992 | 1657 | 20 | 60 | 353 |
| GD-22-74_RELOG | NAD83 / UTM zone 9N | 457453 | 6162782 | 1514 | 190 | 65 | 285 |
| GD-22-83_RELOG | NAD83 / UTM zone 9N | 457728 | 6162985 | 1490 | 235 | 48 | 201 |
| GD-23-102_RELOG | NAD83 / UTM zone 9N | 457699 | 6162437 | 1133 | 230 | 65 | 214 |
| GD-23-154_RELOG | NAD83 / UTM zone 9N | 456854 | 6162839 | 1569 | 30 | 85 | 317 |
| GD-23-161_RELOG | NAD83 / UTM zone 9N | 457452 | 6162784 | 1514 | 118 | 55 | 465 |
| GD-23-179_RELOG | NAD83 / UTM zone 9N | 457319 | 6162751 | 1500 | 134 | 60 | 544 |
| GD-23-183_RELOG | NAD83 / UTM zone 9N | 457319 | 6162752 | 1500 | 100 | 65 | 507 |
| GD-23-194_RELOG | NAD83 / UTM zone 9N | 457317 | 6162750 | 1499 | 185 | 55 | 538 |
| GD-24-197_RELOG | NAD83 / UTM zone 9N | 457450 | 6162780 | 1513 | 170 | 80 | 482 |
| GD-24-232_RELOG | NAD83 / UTM zone 9N | 457149 | 6162501 | 1320 | 134 | 50 | 222 |
| GD-24-246_RELOG | NAD83 / UTM zone 9N | 457381 | 6162945 | 1623 | 165 | 88 | 750 |
| GD-24-249_RELOG | NAD83 / UTM zone 9N | 457938 | 6162560 | 1138 | 10 | 80 | 396 |
| GD-24-254_RELOG | NAD83 / UTM zone 9N | 457256 | 6162711 | 1474 | 110 | 74 | 828 |
| GD-24-255_RELOG | NAD83 / UTM zone 9N | 457367 | 6162756 | 1506 | 178 | 72 | 497 |
| GD-24-260_RELOG | NAD83 / UTM zone 9N | 457364 | 6162753 | 1503 | 165 | 55 | 619 |
| GD-24-263_RELOG | NAD83 / UTM zone 9N | 457060 | 6163027 | 1655 | 155 | 71 | 758 |
| GD-24-266_RELOG | NAD83 / UTM zone 9N | 457381 | 6162942 | 1622 | 140 | 73 | 654 |
| GD-24-267_RELOG | NAD83 / UTM zone 9N | 457938 | 6162554 | 1137 | 195 | 60 | 450 |
| GD-24-280_RELOG | NAD83 / UTM zone 9N | 457881 | 6162620 | 1175 | 200 | 55 | 281 |
| GD-24-283_RELOG | NAD83 / UTM zone 9N | 457363 | 6162756 | 1506 | 135 | 55 | 650 |
| GD-24-285_RELOG | NAD83 / UTM zone 9N | 457579 | 6163351 | 1714 | 185 | 55 | 358 |
| GD-24-290_RELOG | NAD83 / UTM zone 9N | 457881 | 6162620 | 1175 | 228 | 73 | 312 |
| GD-24-293_RELOG | NAD83 / UTM zone 9N | 457051 | 6162464 | 1325 | 125 | 65 | 501 |
| GD-24-294_RELOG | NAD83 / UTM zone 9N | 457363 | 6162757 | 1505 | 163 | 60 | 656 |
| GD-24-297_RELOG | NAD83 / UTM zone 9N | 457702 | 6162435 | 1132 | 165 | 55 | 366 |
| GD-25-304 | NAD83 / UTM zone 9N | 457214 | 6162332 | 1220 | 320 | 55 | 308 |
| GD-25-305 | NAD83 / UTM zone 9N | 457447 | 6162774 | 1513 | 155 | 54 | 687 |
| GD-25-308 | NAD83 / UTM zone 9N | 457364 | 6162756 | 1509 | 160 | 67 | 705 |
| GD-25-309 | NAD83 / UTM zone 9N | 456710 | 6162964 | 1638 | 295 | 89 | 612 |
| GD-25-310 | NAD83 / UTM zone 9N | 457214 | 6162332 | 1219 | 28 | 62 | 509 |
| GD-25-311 | NAD83 / UTM zone 9N | 457446 | 6162775 | 1514 | 143 | 65 | 810 |
| GD-25-313 | NAD83 / UTM zone 9N | 457325 | 6162856 | 1581 | 167 | 73 | 732 |
| GD-25-315 | NAD83 / UTM zone 9N | 457218 | 6162331 | 1219 | 63 | 63 | 486 |
| GD-25-316 | NAD83 / UTM zone 9N | 456927 | 6163020 | 1651 | 150 | 76 | 723 |
| GD-25-319 | NAD83 / UTM zone 9N | 457365 | 6162754 | 1505 | 141 | 62 | 629 |
| GD-25-320 | NAD83 / UTM zone 9N | 457215 | 6162328 | 1219 | 170 | 70 | 367 |
| GD-25-321 | NAD83 / UTM zone 9N | 457017 | 6162589 | 1387 | 137 | 64 | 509 |
| GD-25-323 | NAD83 / UTM zone 9N | 456927 | 6163020 | 1652 | 90 | 80 | 620 |
| GD-25-326 | NAD83 / UTM zone 9N | 457236 | 6162867 | 1586 | 23 | 80 | 734 |
| GD-25-332 | NAD83 / UTM zone 9N | 456927 | 6163020 | 1653 | 10 | 75 | 708 |
| GD-25-334 | NAD83 / UTM zone 9N | 457228 | 6162734 | 1481 | 128 | 66 | 696 |
| GD-25-335 | NAD83 / UTM zone 9N | 457015 | 6162587 | 1387 | 180 | 60 | 498 |
| GD-25-336 | NAD83 / UTM zone 9N | 456710 | 6162961 | 1639 | 315 | 75 | 606 |
| GD-25-338 | NAD83 / UTM zone 9N | 457445 | 6162774 | 1514 | 173 | 69 | 621 |
| GD-25-339 | NAD83 / UTM zone 9N | 457236 | 6162865 | 1586 | 120 | 70 | 792 |
| GD-25-340 | NAD83 / UTM zone 9N | 456861 | 6162631 | 1451 | 300 | 55 | 405 |
| GD-25-344 | NAD83 / UTM zone 9N | 457319 | 6162857 | 1585 | 265 | 77 | 705 |
| GD-25-346 | NAD83 / UTM zone 9N | 456863 | 6162632 | 1452 | 340 | 45 | 471 |
| GD-25-347 | NAD83 / UTM zone 9N | 456710 | 6162961 | 1639 | 270 | 65 | 442 |
| GD-25-349 | NAD83 / UTM zone 9N | 457817 | 6162512 | 1145 | 50 | 65 | 756 |
| GD-25-353 | NAD83 / UTM zone 9N | 456864 | 6162633 | 1453 | 7 | 56 | 501 |
| GD-25-356 | NAD83 / UTM zone 9N | 457235 | 6162865 | 1586 | 181 | 71 | 643 |
| GD-25-359 | NAD83 / UTM zone 9N | 457414 | 6163255 | 1733 | 65 | 47 | 276 |
| GD-25-360 | NAD83 / UTM zone 9N | 457817 | 6162507 | 1144 | 120 | 65 | 507 |
| GD-25-364 | NAD83 / UTM zone 9N | 457464 | 6163017 | 1633 | 230 | 80 | 795 |
| GD-25-366 | NAD83 / UTM zone 9N | 457399 | 6162901 | 1606 | 211 | 69 | 705 |
| GD-25-367 | NAD83 / UTM zone 9N | 457235 | 6162864 | 1585 | 213 | 74 | 651 |
| GD-25-369 | NAD83 / UTM zone 9N | 457319 | 6162859 | 1585 | 310 | 85 | 738 |
| GD-25-374 | NAD83 / UTM zone 9N | 457040 | 6162951 | 1603 | 99 | 76 | 666 |
| GD-25-375 | NAD83 / UTM zone 9N | 457486 | 6163164 | 1706 | 250 | 85 | 747 |
| GD-25-379 | NAD83 / UTM zone 9N | 457189 | 6163129 | 1712 | 268 | 85 | 614 |
| GD-25-381 | NAD83 / UTM zone 9N | 457511 | 6163074 | 1660 | 115 | 66 | 360 |
| GD-25-382 | NAD83 / UTM zone 9N | 457591 | 6162372 | 1119 | 215 | 45 | 160 |
| GD-25-383 | NAD83 / UTM zone 9N | 457401 | 6162902 | 1607 | 147 | 66 | 828 |
| GD-25-384 | NAD83 / UTM zone 9N | 457233 | 6162865 | 1585 | 255 | 78 | 674 |
| GD-25-385 | NAD83 / UTM zone 9N | 457488 | 6163163 | 1705 | 140 | 70 | 504 |
| GD-25-388 | NAD83 / UTM zone 9N | 457879 | 6162621 | 1179 | 270 | 65 | 498 |
| GD-25-389 | NAD83 / UTM zone 9N | 457849 | 6162680 | 1209 | 170 | 70 | 483 |
| GD-25-392 | NAD83 / UTM zone 9N | 457757 | 6162595 | 1200 | 280 | 55 | 423 |
| GD-25-393 | NAD83 / UTM zone 9N | 457322 | 6162859 | 1585 | 5 | 68 | 702 |
| GD-25-395 | NAD83 / UTM zone 9N | 457402 | 6162902 | 1606 | 105 | 65 | 801 |
| GD-25-396 | NAD83 / UTM zone 9N | 457758 | 6162596 | 1201 | 284 | 75 | 274 |
| GD-25-397 | NAD83 / UTM zone 9N | 457850 | 6162683 | 1211 | 20 | 75 | 412 |
| GD-25-398 | NAD83 / UTM zone 9N | 457596 | 6162373 | 1119 | 140 | 50 | 273 |
| GD-25-399 | NAD83 / UTM zone 9N | 457760 | 6162596 | 1201 | 356 | 64 | 288 |
| GD-25-401 | NAD83 / UTM zone 9N | 457881 | 6162620 | 1179 | 210 | 80 | 600 |
| GD-25-402 | NAD83 / UTM zone 9N | 457972 | 6162658 | 1175 | 292 | 48 | 249 |
| GD-25-404 | NAD83 / UTM zone 9N | 457848 | 6162684 | 1211 | 325 | 55 | 348 |
| GD-25-405 | NAD83 / UTM zone 9N | 457763 | 6162595 | 1200 | 82 | 75 | 312 |
| GD-25-406 | NAD83 / UTM zone 9N | 457973 | 6162657 | 1174 | 281 | 71 | 246 |
| GD-25-408 | NAD83 / UTM zone 9N | 457972 | 6162655 | 1177 | 230 | 60 | 219 |
About Golddigger Property
The Golddigger Property is 100% controlled and covers an area of 91,518 hectares in a highly prospective geological setting of the Eskay Rift, within 3 kilometers of the Red Line in the Golden Triangle of British Columbia. This area, in close proximity to the Red Line, has hosted some of Canada's greatest gold mines including Eskay Creek, Premier and Snip. Other significant and well-known deposits in the Golden Triangle include Brucejack, Copper Canyon, Galore Creek, Granduc, KSM, Red Chris, and Schaft Creek. Goliath controls 56 kilometers of the Red Line which is a geologic contact between Triassic age Stuhini rocks and Jurassic age Hazelton rocks used as key markers when exploring for gold-copper-silver mineralization.
The Surebet Discovery has predictable continuity and good metallurgy. Testing conducted on a composite core sample through a combination of simple gravity and flotation resulted in notable recoveries of 92.2% for Gold, 86.5% for Silver, 94.2% for Lead and 96.9% for Zinc. Recoveries with a crush size of 327 micrometer through simple and cost-effective gravity alone amounted to 48.8% for Gold and 10.3% for Silver (no cyanide leaching required to recover the gold and silver). The metallurgy completed to date shows a benign rock composition without deleterious elements (see news release March 1, 2023).
The Property is in a well positioned location in close proximity to the communities of Alice Arm and Kitsault where there is a 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 of British Columbia and houses an international container seaport also with direct access to railway and an airport.
Qualified Person
Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resources Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release. Mr. Turna is an Independent Director of the Company.
About CASERM (Center to Advance the Science of Exploration to Reclamation in Mining)
Goliath Resources is a paying member and active supporter of the Center to Advance the Science of Exploration to Reclamation in Mining (CASERM), which is one of the world's largest research centers in the mining sector. CASERM is a collaborative research venture between Colorado School of Mines and Virginia Tech that is supported by a consortium of mining and exploration companies, analytical instrumentation and software companies, and federal agencies aiming to transform the way geoscience data is acquired and used across the mining value chain. The center forms part of the I-UCRC program of the National Science Foundation. Research focuses on the integration of diverse geoscience data to improve decision making across the mine life cycle, beginning with the exploration for subsurface resources continuing through mine operation as well as closure and environmental remediation. Over the past three years, Goliath Resources' membership in CASERM has allowed a high level of research to be performed on the Surebet Discovery.
About Goliath Resources Limited
Goliath Resources is an explorer of precious metals projects in the highly prospective Golden Triangle of Northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. In 2025, Goliath completed its largest drill campaign to date for a total of 64,364 meters. It is fully funded for a similar sized drill program in 2026. The Company's key strategic cornerstone shareholders include Crescat Capital, Waratah Capital Advisors, McEwen Inc. (NYSE:MUX) (TSX:MUX), a Global Commodity Group (Singapore), Rob McEwen, Eric Sprott and Larry Childress.
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
Disclaimer
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.
QA/QC Protocol
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 2017-2024 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration is 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. The bagged samples are then weighed and secured with a zip tie. Certified reference materials (CRMs), blanks and duplicates are added in the sample stream at a rate of 10%. To ensure analytical anonymity, CRM identification labels are removed prior to submission to the laboratory. Additional out-of-sequence blanks are introduced immediately following core samples that contain VG-NE or high-grade sulphide mineralization.
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 are then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, certified reference materials, and duplicate samples are inserted regularly into the sample sequence at a rate of 10%.
All samples are transported in rice bags sealed with numbered security tags. The rice bags are transported from the core shacks to the MSALABS facilities in Terrace, BC. MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. The core samples undergo preparation via drying, crushing to ~70% of the material passing a 2 mm sieve and riffle splitting. The sample splits are weighed and transferred into three plastic jars, each containing between 300 g and 500 g of crushed sample material. A 250 g split is pulverized to ensure at least 85% of the material passes through a 75 µm sieve. The crushed samples are transported to the MSALABS PhotonAssayTM facility in Prince George, where gold concentrations are quantified via photon assay analysis (method CPA-Au1). Samples that result in gold concentrations ≥5 ppm are analyzed to extinction. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, inducing the emission of secondary gamma rays, which are measured to quantify gold concentrations. The assays from all jars are combined on a weight-averaged basis. Multielement analyses are carried out at the MSALABS facilities in Surrey, BC, where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230 methods. The IMS-230 method uses 4-acid digestion (a combination of hydrochloric, nitric, perchloric and hydrofluoric acids) followed by inductively coupled plasma emission spectrometry to quantify concentrations of 48 elements. Samples with over-limit results for Ag, Cu, Pb and Zn undergo ore-grade analysis via the ICF-6xx method (where ‘xx' denotes the target metal). This method employs 4-acid digestion followed by inductively coupled plasma emission spectrometry.
Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and Gold Equivalent (AuEq) metal values are calculated using: 4,932.69 Au USD/oz, Ag 84.916 USD/oz, Cu 6.07 USD/lbs, Pb 1964.45 USD/ton and Zn 3,328.50 USD/ton on February 3rd, 2026. 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 on the terms described above.
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 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.
