Expansion Of Mineralization At Bonanza Zone On The Surebet Discovery

TORONTO - Goliath Resources Limited reported initial drill hole results from the 2024 field season resulting in a significant expansion of the high-grade gold mineralization within the Bonanza Zone on the Surebet discovery at its Golddigger Property. Excellent results from drillholes GD-24-249, which intersected 7.27 oz/t AuEq (225.03 g/t Au and 88.90 g/t Ag) over 1 meter within a larger interval consisting of 45.60 g/t AuEq or 1.5 oz/t AuEq over 5.95 meters near surface between 71.65 – 77.60 meters as part of a high-grade area within the expanded high-grade gold Bonanza Zone at Surebet Discovery that remains wide open.

Roger Rosmus, Founder and CEO, said, “Early in our 2024 drilling campaign, we observed a much higher percentage of visible gold in the drill core compared to the 2023 drilling campaign. In 2023, 32% of the holes had visible gold and in 2024 it increased to 92%, so we made the decision to switch to the photon assaying method. Fire assaying only assays a small portion of the split core submitted to the lab, while photon assaying uses all the core sample and utilizes highly sensitive x-rays to determine the total gold content. Photon assaying is being much more widely used in gold discoveries with significant amounts of gold, although it increased the time for us to receive assay results, we are delighted we made the decision. We are also very impressed with the gold grades in the Reduced Intrusion Related Gold system as it opens up a new style of gold mineralization at the Surebet discovery that could be closer to the source of the entire gold mineralizing system. The 2024 drilling campaign is the best season yet at the Surebet discovery as it gets better and better the more drilling we complete. We look forward to the remaining holes from the 2024 drilling campaign”.