Company Description
Goliath Resources Ltd (OTCQB: GOTRF) is a precious metals exploration company focused on gold projects in the prolific Golden Triangle of northwestern British Columbia, Canada. According to the company’s disclosures, Goliath is an explorer of precious metals projects with all of its properties located in high-quality geological settings and in geopolitical jurisdictions in Canada that are described as amenable to mining. The company’s common shares also trade on the TSX Venture Exchange under the symbol GOT and on the Frankfurt Stock Exchange under the symbol B4IF.
Goliath’s flagship asset is the Golddigger Property, a 100% controlled land package covering 91,518 hectares in the Eskay Rift, within approximately three kilometers of the Red Line in the Golden Triangle of British Columbia. Company materials state that this area near the Red Line has hosted some of Canada’s notable gold mines, and that Goliath controls 56 kilometers of this key geological contact between Triassic-age Stuhini rocks and Jurassic-age Hazelton rocks, which it uses as a marker when exploring for gold‑copper‑silver mineralization.
Exploration focus and the Surebet discovery
The core of Goliath’s exploration work is the Surebet Discovery, located on the Golddigger Property. The company reports that Surebet is a high‑grade gold discovery with a footprint of about 1.8 square kilometers that remains open in multiple directions. Drilling has identified multiple gently dipping, gold‑mineralized stacked veins in what Goliath refers to as the Surebet Zone and the Bonanza Zone, along with additional mineralized domains.
Company news releases describe high‑grade gold mineralization in three distinct rock packages at Surebet: gently dipping stacked quartz‑sulphide breccias and stockwork veins; intermediate to felsic Eocene‑aged Reduced Intrusion Related Gold (RIRG) dykes; and broad zones of calc‑silicate altered breccia. All three rock types are reported to contain visible gold to the naked eye (VG‑NE) and remain open for expansion. Goliath also notes the presence of “Goldilocks Zones” where gently dipping veins and vertical RIRG dykes intersect, which the company describes as areas characterized by high‑grade gold associated with two temperature regimes.
According to multiple technical updates, Goliath has drilled more than 150,000 meters at Surebet, with over 600 pierce points across the 1.8 square kilometer system. The company reports that 100% of drill holes completed at Surebet have intersected substantial quartz‑sulphide mineralization and that a high proportion of holes contain visible gold. The Surebet Zone and Bonanza Zone are described as a network of stacked lodes with continuity in grade and thickness, with some drill results highlighting multi‑meter intervals of gold mineralization. Goliath’s disclosures emphasize that the Surebet system remains open laterally and at depth.
Metallurgy and technical work
Goliath reports that metallurgical test work completed to date on the Surebet Discovery shows predictable continuity and favorable metallurgy. Company statements indicate gold recoveries of 92.2% from combined gravity and flotation at a 327‑micrometer crush size, including 48.8% free gold recovered from gravity alone, without the use of cyanide. The company also states that the metallurgy completed to date shows no deleterious elements in the tested material.
Technical work on the project includes detailed core logging, oriented core drilling, and a quality assurance/quality control (QA/QC) protocol using certified reference materials, blanks and duplicates. Samples are processed at independent laboratories, and Goliath describes the use of photon assay methods for gold and multi‑element analysis using four‑acid digestion followed by inductively coupled plasma emission spectrometry. A qualified person, as defined by National Instrument 43‑101, is identified in the company’s releases as responsible for reviewing and approving the technical information.
Golddigger Property location and infrastructure
The Golddigger Property is described as being in a favorable logistical setting. Goliath states that the property is located on tidewater with direct barge access to Prince Rupert via Observatory Inlet and Portland Inlet. The project is near the communities of Alice Arm and Kitsault, where there is a permitted mill site on private property. The town of Kitsault is reported to have a barge landing, dock, and infrastructure capable of housing several hundred people, including access to high‑tension power.
Additional infrastructure in the region, according to the company, includes the Dolly Varden Silver Mine Road approximately seven kilometers east of the Surebet discovery, providing road access to the Alice Arm barge landing. High‑tension power is reported to be about 25 kilometers east of the discovery. The city of Terrace provides access to rail, major highways and an airport, while Prince Rupert is described as a coastal city with an international container seaport, rail access and an airport.
Exploration strategy and drilling campaigns
Goliath’s news releases describe a multi‑year, systematic exploration and drilling program at Surebet. Between 2021 and 2025, the company reports drilling more than 156,000 meters with multiple drill rigs, focusing entirely on the Surebet Discovery in recent campaigns. The 2025 drill program alone is described as one of the larger drill campaigns of its type, totaling 64,364 meters with nine drill rigs.
The stated objectives of these programs include expanding the geometry of the Surebet system laterally and to depth, testing for a magmatic causative source at depth, drilling additional Eocene‑aged RIRG dykes that had been mapped at surface, increasing pierce‑point density in known stacked veins, and targeting the intersection zones between veins and dykes. The company highlights that many drill holes intersect substantial quartz‑sulphide mineralization with visible gold, and that results have extended mineralized zones along strike and down dip.
Corporate profile and shareholder base
Goliath Resources identifies itself as a member and active supporter of the Center to Advance the Science of Exploration to Reclamation in Mining (CASERM), a collaborative research venture between Colorado School of Mines and Virginia Tech. The company states that its membership has enabled research on the Surebet Discovery focused on integrating geoscience data across the mine life cycle, from exploration through potential closure and environmental remediation.
Company disclosures also highlight a group of strategic cornerstone shareholders, including Crescat Capital, a Global Commodity Group based in Singapore, McEwen Inc. (trading as MUX on the NYSE and TSX), Waratah Capital Advisors, Rob McEwen, Eric Sprott and Larry Childress. Goliath has reported warrant exercises and financings involving these investors, and notes that it has been fully funded for large drill campaigns in recent years.
Capital markets and corporate actions
Goliath Resources trades under the symbol GOT on the TSX Venture Exchange, GOTRF on the OTCQB Venture Market, and B4IF on the Frankfurt Stock Exchange. The company has disclosed equity financings, warrant exercises and the use of an omnibus equity incentive plan that includes stock options and restricted share units. In connection with its annual and special meetings of shareholders, Goliath has sought shareholder approval for matters such as the re‑election of directors, appointment of auditors, and amendments to its equity incentive plan.
In late 2025, Goliath circulated meeting materials for a proposed consolidation of its outstanding common shares on the basis of up to one new share for seven old shares. The company explained that shareholder approval would provide its board of directors with discretion to implement a consolidation within the approved range, but also noted that approval would not obligate the board to proceed. Following the shareholder meeting in January 2026, Goliath reported that shareholders approved the consolidation resolution but that the board exercised its discretion not to proceed with the consolidation.
Regulatory and governance framework
Goliath’s public communications reference compliance with applicable securities regulations, including National Instrument 43‑101 for disclosure of scientific and technical information. The company identifies a qualified person responsible for reviewing and approving technical content in its news releases. It also notes that its forward‑looking statements are subject to risks and uncertainties and that it is not obligated to update such statements except as required by securities laws.
Frequently asked questions about Goliath Resources Ltd
The information below summarizes key points drawn directly from the company’s public disclosures.
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