Goliath Resources Selected for PDAC 2024 Core Shack, Session A (Sunday, March 3rd – Monday, March 4th) Booth # 3104
February 21 2024 - 7:08AM
Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE:
B4IF) (the
“Company” or
“Goliath”) is pleased to announce it has been
selected by the PDAC 2024 technical committee to display its core.
PDAC’s Core Shack provides a unique venue at the world’s premier
mining convention to display core from new or ongoing projects that
are generating exciting drill results. The latest discoveries from
around the world are featured along with maps, charts and technical
information.
Goliath is focused on further expanding its new
high-grade gold Surebet Discovery at its 100% controlled Golddigger
Property located in the Golden Triangle, British Columbia. The
Company has drilled over 65,000 meters of diamond drilling to date,
2021-2023. Goliath has demonstrated the new Surebet Discovery is an
extensive structurally controlled mineralized system over a 1.8
sqkm area (>336 NFL fields). To put this significant mineralized
zone into size and scale, during PDAC 2024, look at the CN Tower in
Toronto and more than triple that for Surebet’s length and width.
This new discovery has exceptional continuity and gold recoveries
of 92.2% using gravity and flotation only at a 327 micron crush (no
deleterious elements and no cyanide required to recover the
gold).
To learn more about Goliath’s exciting new
Surebet discovery, we would like to cordially invite you to visit
us at the PDAC Core Shack, Session A, Booth # 3104 in the Investors
Exchange, Level 800, at the Metro Toronto Convention Centre, South
Building on Sunday, March 3rd – Monday, March 4th; the Company will
be exhibiting both days from 10:00 am - 5:00 pm.
About Goliath Resources
Limited
Goliath Resources Limited is an explorer of
precious metals in the prolific Golden Triangle of northwestern
British Columbia and Abitibi Greenstone Belt of Quebec. All its
projects are in world class geological settings and geopolitical
safe jurisdictions amenable to mining in Canada. The new high-grade
gold Surebet discovery at its 100% controlled Golddigger Property
located in the Golden Triangle, British Columbia is its flagship
project.
About PDAC 2024
PDAC 2024: The World’s Premier Mineral Exploration & Mining
Convention is the leading event for people, companies and
organizations connected to mineral exploration. This annual
convention in Toronto, Canada is known for attracting up to 30,000
attendees from over 130+ countries for its educational programming,
networking events and outstanding business opportunities.
Since it began in 1932, the PDAC Convention has grown in size,
stature and influence. Today, it is the event of choice for the
world’s mineral industry hosting more than 1,100 exhibitors and 700
speakers. Visit PDAC’s website for registration/ticketing
information.
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.
For more information please
contact: Goliath Resources Limited Mr. Roger
Rosmus Founder and CEO Tel:
+1-416-488-2887roger@goliathresources.com
www.goliathresourcesltd.com
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.
* 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.
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 Company to complete
the 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 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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