Goliath Resource Stock Price, News & Analysis

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has increased its non-brokered flow-through financing from $14,725,000 to $15,725,500. This $1,000,500 increase is due to strategic investor Mr. Larry Childress agreeing to purchase an additional 400,000 Goliath common shares through Childress Family LP, bringing his total purchase to 1,400,000 shares. This upsizing demonstrates strong investor confidence in Goliath's potential and provides the company with additional capital for its operations and exploration activities.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has increased its non-brokered flow through financing from $12,750,000 to $14,725,000. Key highlights include:

1. Strategic investor Mr. Larry Childress, through Childress Family LP, is purchasing 1,000,000 common shares.
2. The company has closed $9,562,308 in the first tranche of the financing.
3. A strategic Global Commodity Group based in Singapore has completed the purchase of 1,600,000 common shares, increasing its stake in Goliath to 3.5%.
4. The final tranche is expected to close in September 2024.

This upsized financing and strategic investments demonstrate strong investor confidence in Goliath Resources and its projects.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has upsized its non-brokered private placement to $12,750,000, comprised of charity flow-through shares at $1.975 and flow-through shares at $1.44. Notably, Mr. Rob McEwen has agreed to purchase 800,000 shares, increasing his ownership in Goliath to 3.8% on a partially diluted basis post-financing. The proceeds will be used for Canadian exploration expenses, to be incurred by Dec. 31, 2025, and renounced by Dec. 31, 2024. The offering includes potential finders' fees and is subject to regulatory approvals, including TSX Venture Exchange approval.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has closed a $1,000,000 order from strategic shareholder Crescat Capital, plus an additional $1,093,524 in the final tranche of a previously announced non-brokered financing up to $6,500,000. The total raised across all tranches was $6,499,604, comprising Non-Flow-Through (NFT) shares at $1.11 each and Flow-Through (FT) shares at $1.28. Proceeds will fund exploration programs in British Columbia's Golden Triangle and general operating expenses. The FT offering proceeds will be used for Canadian exploration expenses, qualifying as flow-through mining expenditures. Goliath paid finders' fees of 6% cash ($67,342.26) and 6% finder warrants (59,382 warrants) on certain orders.

Goliath Resources has reported significant new findings from its Surebet discovery at the Golddigger Property in British Columbia. Drill hole GD-24-260 intercepted the highest concentration of visible gold to date, uncovering a bonanza zone between 533.90 and 547.00 meters. Additionally, a new deep mineralized zone was discovered 1.2 km below the surface, demonstrating untapped potential.

The 2024 drilling program has been expanded to 36,000 meters using 8 rigs, driven by a 100% hit rate in visible gold occurrences in 66% of the holes. Notably, high-grade gold results came from GD-24-197 and GD-24-235, returning 34.03 g/t and 35.04 g/t AuEq respectively. The new Blue Origin discovery, located 4 km south of Surebet, revealed veins rich in bismuth minerals, molybdenite, and chalcopyrite.

The company has increased its land package by 28% to 91,518 ha to explore further mineralization opportunities. The Golddigger property also encompasses 56 km of the Red Line, a geological marker for gold-copper-silver mineralization. Further, significant mineralization was found at Treasure Island.

Goliath Resources (GOTRF) has closed the first tranche of its non-brokered private placement, raising $5,406,080 out of a planned $6,500,000. This includes a $2,000,000 order from a strategic Singapore-based global commodity group. The offering consists of Non-Flow-Through (NFT) shares at $1.11 each and Flow-Through (FT) shares at $1.28. The first tranche comprised 2,782,410 NFT shares ($3,088,475) and 1,810,629 FT shares ($2,317,605).

Proceeds will fund general operations and exploration programs in British Columbia's Golden Triangle. FT proceeds will be used for Canadian exploration expenses, qualifying as flow-through mining expenditures. The company paid 6% cash ($67,342.26) and 6% finder warrants (59,382) as fees on certain orders. All securities have a four-month hold period. The second tranche is expected to close in early September 2024.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has announced a significant boost to its financing efforts. The company has received a $2,000,000 order from a strategic global commodity group based in Singapore. Additionally, Goliath is increasing its non-brokered private placement from $3,000,000 up to $6,500,000.

The private placement will offer both Non-Flow-Through shares at $1.11 each and Flow-Through shares at $1.28. Proceeds will fund general operating expenses and exploration programs in the Golden Triangle of northwestern British Columbia. The Flow-Through offering qualifies for Canadian exploration expenses and B.C. flow-through mining expenditures, with tax benefits for investors.

Goliath Resources has reported promising initial results from its maiden diamond drill program at the newly discovered VMS type targets at Treasure Island within the Golddigger Project in British Columbia's Golden Triangle.

The first four drill holes intercepted abundant sulfide mineralization, with highlights including:

• TI-24-01: 9.8 meters of quartz stockwork and breccia containing up to 8% chalcopyrite and 10% pyrite.
• TI-24-04: 5.46 meters with semi-massive to massive pyrite and trace chalcopyrite.
• TI-24-02: 2.74 meters of mineralized quartz-carbonate breccia.
• TI-24-03: 1.77 meters of mineralized quartz-carbonate breccia.

Assays are pending, and the zones remain open for further exploration. The drilling program plans to cover 1,600 meters from four drill pads. Previous grab and channel samples have shown high-grade results, with up to 28.08 gpt AuEq in channel samples and 11.08 gpt AuEq in grab samples. The discoveries at Treasure Island highlight the significant untapped potential of the Golddigger property, situated within a prolific geological setting.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has received a lead order from its strategic investor, Crescat Capital , for a non-brokered private placement of up to $3,000,000. The funds will be used to expand the drill program at the Surebet Discovery following exceptional assay results and abundant visible gold in 75% of the first 8 holes drilled in 2024. The placement includes Non-Flow-Through shares at $1.11 each and Flow-Through shares at $1.28. Proceeds will be used for exploration in the Golden Triangle of northwestern British Columbia, with flow-through funds allocated to Canadian exploration expenses. Crescat Capital, owning ~18% of Goliath's shares, will participate in the placement.