Goliath Resource Stock Price, News & Analysis

Goliath Resources (OTCQB: GOTRF) has significantly expanded its 2025 drill program at the Surebet gold discovery from 40,000 to 60,000 meters, utilizing 9 drill rigs. The expansion follows the discovery of widespread visible gold in multiple reduced intrusion related gold (RIRG) dykes and calc-silicate altered breccia.

The program is fully funded through a recently closed $27 million financing at $3.17 per share. Recent assay results from drill hole GD-22-64 yielded 6.31 g/t AuEq over 14.35 meters, including 11.36 g/t AuEq over 7.85 meters. The Surebet Discovery has demonstrated exceptional metallurgy with 92.2% gold recoveries and covers a footprint of 1.8 km² that remains open in all directions.

Goliath Resources reported significant gold intersections from its Surebet Discovery at the Golddigger Property in BC's Golden Triangle. Drill hole GD-22-64 yielded 6.31 g/t AuEq over 14.35m, including 11.36 g/t AuEq over 7.85m from a gold-rich intrusive feeder dyke. The company identified visible gold in 8 drill holes during its re-logging program of 2021-2024 drilling, with 7 previously un-assayed holes now showing promising results. The discovery represents a significant breakthrough in the Golden Triangle, as Goliath is the first explorer to document gold mineralization in Eocene intrusive feeder dykes. The mineralized footprint spans 1.8 km² and remains open in all directions. The company has launched its largest drill program to date, planning 40,000 meters focused on expanding the high-grade Surebet Discovery.

Goliath Resources (GOTRF) has discovered multiple visible gold occurrences over a 26.47-meter interval in hole GD-22-64 at its Golddigger Property in British Columbia's Golden Triangle. The gold was found in an intermediate granitoid Reduced Intrusion Related Gold (RIRG) feeder dyke, with gold grains up to 1mm in diameter. The company is launching its largest drill program to date - a 40,000-meter campaign focused on expanding the high-grade Surebet discovery. Previous drilling highlights include hole GD-24-260 which assayed 34.52 g/t AuEq over 39 meters, and the best dyke intersection from GD-22-58 assaying 12.03 g/t AuEq over 10 meters. The Surebet Discovery has shown impressive results with 92% of holes drilled in 2024 containing visible gold, and the mineralization footprint spans 1.8 km², remaining open in all directions.

Goliath Resources (GOTRF) has launched its largest-ever drill program at the Surebet high-grade gold discovery on its Golddigger Property in British Columbia's Golden Triangle. The ambitious 40,000-meter campaign utilizing 9 drilling rigs follows successful 2024 results. The program will focus on: 1. Testing the Motherlode Causative Intrusive Gold Source 2. Exploring 13 untested potential Eocene intrusive granitoid dykes 3. Infill drilling of known stacked veins 4. Expanding mineralized veins laterally and depth-wise Key highlights include: - 92% of 2024 holes contained visible gold - Best hole yielded 34.52 g/t AuEq over 39 meters - Discovery footprint spans 1.8 km² (>336 NFL fields) - Exceptional metallurgy with 92.2% gold recoveries - Property has expanded to 91,518 hectares - Located on tidewater with infrastructure access

Goliath Resources (GOTRF) has engaged JDS Energy & Mining to evaluate the development of an underground exploration adit at its Surebet discovery in the Golddigger property, Golden Triangle, B.C. The planned adit will access the high-grade Bonanza Zone, located 200 meters above the valley floor. This strategic development will enable underground drilling, potentially extend the drilling season, and allow for bulk sampling. Recent drilling results showed impressive grades of 34.52 g/t AuEq over 39.00 meters, including sections of 132.93 g/t AuEq over 10.00 meters. The Golddigger Property spans 91,518 hectares and is strategically located near the Red Line in the Golden Triangle, with excellent infrastructure including proximity to tide water, barge access, and nearby communities. The project has demonstrated exceptional metallurgy with 92.2% gold recoveries, including 48.8% as free gold from gravity alone.

Goliath Resources (GOTRF) has announced significant findings from a geological study by the Colorado School of Mines at its Surebet discovery on the Golddigger Property in B.C.'s Golden Triangle. The study confirms a Reduced Intrusion Related Gold (RIRG) system with two distinct types of high-grade gold mineralization:

1. Shear hosted veins up to 39 meters wide with grades up to 34.52 g/t AuEq over 39.00 meters
2. Multiple quartz veinlets in felsic to intermediate dykes with assays up to 12.03 g/t AuEq over 10.00 meters

The research identified 12 vertically stacked gold mineralized layers within a 1.8 km² area, with visible gold present in 92% of drill holes. Dating analysis suggests both mineralizations originate from a common source, dated to the Eocene age (50.7-52.0 Ma). The system remains open in all directions, with gold mineralization confirmed in all 243 drill holes containing over 300 intercepts to date.

Goliath Resources (GOTRF) has received $3,157,193 from warrant exercises since January 2025, with strategic investors Crescat Capital (~14.4%) and Rob McEwen (~3.9%) participating. An additional $6,377,964 in deep-in-the-money warrants remain outstanding with an average strike price of $0.65, expiring by December 29, 2025. Of this amount, $3,601,475 in warrants with an average strike price of $0.68 will expire by May 16, 2025.

The company's Golddigger Property, spanning 91,518 hectares in British Columbia's Golden Triangle, is situated within 3 kilometers of the Red Line. The Surebet discovery shows promising metallurgy with 92.2% gold recoveries, including 48.8% as free gold from gravity alone, requiring no cyanide processing. The property benefits from strategic location and infrastructure, including tide water access and proximity to Alice Arm and Kitsault communities.

Goliath Resources (GOTRF) has confirmed that its large gold-rich layered system at the Surebet Discovery is directly linked to a Motherlode Reduced Intrusive Gold System (RIRG) source with multiple gold-rich feeder dykes. The company has identified 17 feeder dykes, with 13 yet to be tested in the upcoming 2025 program.

Key findings include:

• 4 tested feeder dykes showed high-grade gold intervals with visible gold, reaching up to 12.03 g/t AuEq over 10 meters
• Dykes are up to 25 meters wide and exposed along strike for up to 1,500 meters
• Gold mineralization confirmed in 100% of 243 drill holes with over 300 intercepts within a 1.8 km² area
• 19 holes from 2021-2024 with mineralized porphyritic dykes will be relogged and assayed in 2025

The geochronology between dykes (52.0 ± 1.5 Ma) and stacked veins (50.7 ± 1.0 Ma) suggests a syngenetic relationship. Mobilization is planned for May 2025.

Goliath Resources (GOTRF) has completed a strategic non-brokered private placement with McEwen Mining, involving 5,181,347 units at C$1.93 per unit, totaling a $10 million investment. The transaction was executed through an exchange of shares, with McEwen issuing 868,056 common shares at C$11.52 per share to Goliath.

Following the transaction, McEwen Mining now owns approximately 5.4% of Goliath, while Rob McEwen personally holds about 3.9% on a partially diluted basis. Each unit consists of one common share and half a warrant, with each full warrant allowing the purchase of one common share at C$2.50 within 12 months.

The deal includes a two-year standstill agreement preventing McEwen and Robert McEwen from acquiring more than 9.9% of Goliath's outstanding shares without prior consent. The investment follows Goliath's successful 2024 drilling season, where 92% of drill holes showed visible gold at their Surebet discovery.