Goliath Resources Ltd. closes $13,831,350 in the first tranche of a non-brokered private placement initially announced on February 11, 2022; subsequently increased February 22, 2022 and March 7, 2022, comprised of $1.19 flow-through units. The second and final tranche is expected to shortly for an aggregate total of $14,609,749. The non-brokered placement consisted of flow-through units priced at $1.19 each. Each FT Unit [...]
Goliath Resources Ltd. is pleased to announce an additional increase to its $11,000,000 financing initially announced February 11, 2022, and subsequently increased to $13,825,000 on February 22, 2022. Goliath has increased this financing once more due to significant demand from strategic investors and institutions; it intends to raise up to $14,610,000 of flow-through units priced at $1.19 each. These additional funds [...]
Goliath Resources Ltd. is pleased to announce an increased financing up to $13,825,000 due to significant demand from strategic investors and institutions. Goliath had previously announced a $11,000,000 placement of flow-through units at $1.19 each. These additional funds will allow the Company to substantially expand the meters drilled during 2022. Crescat Capital LLC a strategic investor has agreed to acquire up to [...]
Goliath Resources Ltd. is pleased to announce that Crescat Capital LLC a strategic investor has agreed to acquire up to 19.9% post funding of the $11,000,000 non-brokered private placement announced by Goliath earlier this week. Crescat will have an option to participate in future financings of the Company to maintain its interest as long as it holds greater than 3 percent of the issued and outstanding common shares. On [...]
Goliath Resources Ltd. is pleased to announce a $11,000,000 non-brokered private placement of flow through units and the involvement of strategic investors. Each FT Unit will be priced at $1.19 for gross proceeds of $11,000,000. Each FT Unit will consist of one flow-through common share plus one warrant to purchase one non flow-through common share at $1.30 for a 24 month period. Proceeds will be used to fund the planned [...]
Metallurgical Test Result Highlights: Gravity + flotation tests demonstrate exceptional recoveries of Gold, Silver, Lead and Zinc using a combination of conventional gravity and flotation techniques. Gold recovery reaches 98.2% and Silver 86.4% in combined gravity and bulk flotation test work. Gravity recoverable Gold alone is an impressive 38.1% suggesting a considerable amount of Gold can be produced as dor? bars on [...]
2021 Maiden Drilling Campaign & Exploration Highlights: 100% of all 24 holes drilled during the 2021 maiden campaign totalling 5332 meters intersected significant high-grade gold-silver mineralization over 1 km of strike and 1.1 km of down dip extent. This successful maiden drill campaign confirms the continuity and extensive scale of a high-grade gold-silver polymetallic system that remains open. GD-21-03 intersected [...]
Bullseye Zone Porphyry Target Highlights: Porphyry mineralization including up to 3.06 g/t Au, 54.9 g/t Ag and 1% Cu combined with porphyry textures and mineralization within potassically-altered coarse-grained intrusive units were confirmed on surface during the 2021 season. An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/1ee433c5-2c91-4e6e-b289-573758cd6782 Potassic [...]
All 24 completed drill holes drilled intersected significant widths of quartz-sulphides veining demonstrating the robust nature of the Surebet Polymetallic Gold-Silver Zone that remains open both along strike and to depth. A total of 5,332 meters were drilled in the maiden 2021 drill campaign at Surebet. 100% of the holes intersected the Surebet along the 1,000 meters strike length and 1,000 meters down dip to the west [...]
All 23 diamond drill holes completed to date totaling 4,391 meters have intersected significant widths of quartz-sulphides veining along the entire 1,000 meters strike length demonstrating the robust nature of the Surebet polymetallic Gold-Silver Zone that remains open both along strike and to depth. At the Waterfall Showing, GD-21-20 intersected 32.6 meters* of extensive quartz-sulphides veining, brecciation and [...]
A third rig has been added to Goliath's fully funded 2021 maiden drill campaign based on positive assays results from the first three holes and similar looking intercepts containing mineralization and veining in the additional 10 holes drilled to date. Meters planned have been increased from ~5,000 to ~6,000 testing the extent of the Surebet discovery along 1,000 of strike exposed at surface and to depth . Assay results [...]
Assay results from the third hole intercepted Surebet Zone's polymetallic quartz-sulphide vein system demonstrate an impressive 35.72 meters* of quartz-sulphide breccia and surrounding quartz-sulphide stockwork containing a weighted average of 6.37 g/t gold equivalent or 4.46 g/t Au and 122.13 g/t Ag. Higher grade intervals within the above envelope include 4.52 meters* of 31.88 g/t AuEq or 24.97 g/t Au and 458.10 g/t Ag [...]
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