Goliath Resources Ltd (TSX-V: GOT) reports up to 110 gpt Au (3.21 ozt) at DSM Gold Standard Property

Nov 6, 2018

Goliath Resources Ltd (TSX-V: GOT) reports up to 110 gpt Au (3.21 ozt) at DSM Gold Standard Property

 

Toronto, Ontario – November 6th, 2018 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IE) (the “Company” or “Goliath”) is pleased to report channel, chip, and grab sample assay results of up to 110 grams per ton gold (3.21 ounces per ton) from the Big Show Zone Vein system, measuring 2 km by 1 km. It remains open in all directions containing multiple large en-echelon gold-bearing mineralized quartz veins. The Big Show Zone is located on the Gold Standard property, four kilometres north of Bella Coola, British Columbia. Goliath Resources Limited owns a 10% interest in the DSM Syndicate, a private precious metals project generator in British Columbia that owns 100% of six properties, inclusive of the Gold Standard property.

 

 

2018 Highlights Include:

 

  • Extensive new bedrock discovery in an area of recent snowpack and glacial abatement with no historic work recorded.
  • Discovery of the Big Show Zone, a large zone of prolific quartz veining that contains multiple large en-echelon quartz veins that outcrop within a 2 km by 1 km zone that remains open in all directions (link to video).
    • Seven large shear zone hosted mineralized vein systems containing consistent high-grade gold mineralization have been discovered to date.
    • Vein Highlights include:
      1. Vein system 1 (Kraken) assays up to:
        • 71.8 g/t Au (2.1 oz/t), 64.4 g/t Ag, 72.6 g/t AuEq (0.5 Chip Sample)
        • link to image
  1. Vein system 2 (Goldzilla) assays up to:
        • 110 g/t Au (3.21 oz/t), 934 g/t Ag, 121.8 g/t AuEq (Grab Sample)
        • 10.8 g/t Au, 85.5 g/t Ag, 11.85 g/t AuEq (2m Chip Sample)
        • link to image
      2. Vein system 3 (Leviathan) assays up to:
        • 96.8 g/t Au (2.8 oz/t), 429 g/t Ag, 106.7 g/t AuEq (Grab Sample)
        • 26.9 g/t Au, 70.4 g/t Ag, 27.79 g/t AuEq (1.5 m Chip Sample)
        • link to image
    • Multiple other large veins were also discovered have yet to be sampled providing for excellent additional gold potential.
  • The Big Show Zone is situated within a large regional high strain zone, a corridor of brittle and ductile deformation.
    • A channel sample grab of chlorite-schist from within a 15-metre-wide shear zone returned 0.28 g/t Au over 0.15 meters (link to image).
  • The geological setting and style of mineralization; large gold-bearing mineralized veins and shear zones are consistent with a mesothermal/orogenic system. These systems are often deep rooted and are mined to depths of 1 to 3 kilometres or more (link to image).
  • Approximately 67 % of Canadian gold production comes from this world class geologic setting, with examples including the nearby Bralorne Pioneer Camp in British Columbia (4.17 Moz) and many regions within the Canadian shield including Kirkland Lake (>40 Moz), Timmins (>70 Moz), Val d’Or/Noranda (>69 Moz) and Red Lake camps (>29 Moz) (link to image).
  • Based on the discovery of multiple new gold mineralized veins the claim block was recently expanded from 690 Ha to 1774 Ha.

 

The Gold Standard property is an original discovery located in a World Class Geological setting that remains largely unexplored, providing for tremendous untapped gold potential.

 

Complete news release link: click here.