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Goliath Resources Ltd.

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Summary

Project:

Lucky Strike

Deposit: Lorne Creek
Location:Canada
Commodities:Gold-Silver-Copper-Lead-Zinc-Molybdenum
Date:10/28/2019
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:28-10-2019: Goliath Resources Ltd. announces an Exploration/Drilling Update report for its Lorne Creek deposit at the Lucky Strike project. Drilling results incl. 20.7m @ 0.38g/t Au, 0.86g/t Ag from 580.3m. Toronto, Ontario – October 28, 2019 – Goliath R
Resources:x
CP/QP:[Overall Report]: Rein Turna (Internal)
ABSTRACT:Toronto, Ontario – October 28, 2019 – Goliath Resources Limited (TSX-V: GOT) (FSE: B4IE) (OTCQB: GOTRF) (the “Company” or “Goliath”) announces the results from its 2019 inaugural exploratory diamond drilling program and surveys on the Lorne Creek Porphyry System discovery on its Lucky Strike property, 8 km to highway, power, rail and ~40 km north of Terrace, British Columbia. The program was designed to test the newly discovered, outcropping Lorne Creek AuCu-Mo porphyry target to depth. The exploratory drilling intersected widespread sulfide mineralization, potassic alteration, key porphyry texters with several polymetallic intervals. Drill hole LS-19-01 intersected 20.7 meters of 0.39 g/t AuEq, including 3.7m of 1.18 g/t AuEq near surface and Drill hole LS-19-02 intersected 45m of 0.14 g/t Au, 1.35 g/t Ag and 0.05% Cu near surface. The drilling suggest that all three holes intersected a pyritic alteration zone in the porphyry system adjacent to the ore zone (see Lowell & Guilbert, 1970).

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