Goliath Resources Ltd. is pleased to announce that an agreement has been made for McEwen Mining Inc. to make a strategic investment into Goliath Resources. Strategic Investment Highlights Post transaction, McEwen Mining will own 3.76% of the issued and outstanding shares of Goliath Resources. McEwen Mining will pay in McEwen Mining shares worth C$10 million based on the closing price of McEwen Mining and Goliath Resources [...]
Golddigger Property: GD-24-260 intercepted the highest concentration of visible gold and its best high-grade gold drill hole to date at the Surebet Discovery from the Bonanza High-Grade Gold Zone that sits ~200 meters above the valley floor level. Mineralization is within a vein-hosted band of semi-massive pyrrhotite, where the gold occurs in alloys with silver, bismuth and tellurium. Mineralization was also intercepted [...]
Bonanza High Grade Zone Highlights: GD-24-262 collared from Goldsmith Pad intercepted four separate sections of high-grade gold, silver and base metals corresponding to the Surebet and Bonanza Zones characterized by sulphide rich quartz breccia and veining; both remain open. Surebet Zone: 32.67 g/t AuEq or 1.05 oz/t AuEq over 4.00 meters including 130.14 g/t Au or 4.18 oz/t AuEq over 1.00 m. Bonanza Zone 1: 13.34 g/t AuEq [...]
Bonanza High Grade Zone Highlights: GD-24-249 intercepted the Bonanza Zone returning 226.12 g/t or 7.3 oz/t AuEq near surface between 76.60 - 77.60 meters 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. An accompanying [...]
2024 Season Highlights: In total, assays are pending on 105 holes that include: 62 holes drilled this year, 17 previous holes relogged with RIRG style mineralization in dykes and 14 other separate holes relogged that were drilled between 2021 - 2023 at Surebet. Assays are pending for 12 holes drilled at Treasure Island this year as well. 59 drill holes from this year contained visible gold representing 92% of the holes in [...]
Goliath Resources is pleased to announce it has closed the final tranche of its previously announced non-brokered flow through financing for an aggregate $16,120,500 raised from the first and final tranches. Of note, several strategic cornerstone shareholders either initiated a new position or increased their holdings in Goliath. Roger Rosmus, Founder and CEO of Goliath Resources, states: "We are delighted to have [...]
Goliath Resources Ltd. is pleased to announce it has increased the previously announced non-brokered flow through financing from $15,725,500 to $16,120,500. Offering Details The non-brokered private placement is a combination of: Charity Flow-Through shares to be sold at a price of $1.975 each with no warrant and the Flow-Through shares to be sold at a price of $1.44 each with no warrant. These shares will qualify as a [...]
Goliath Resources Ltd. is pleased to announce that Mr. Roger Rosmus, Founder & CEO will be presenting at Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference on Wednesday, September 25th @ 11:00am - TRACK 1, Eastern Standard Time. The broadcasted formal presentation will feature a fireside style Q&A session with questions welcome from the virtual audience. Scheduled 1x1 meetings with Mr [...]
Goliath Resources Ltd. is pleased to announce it has increased the previously announced non-brokered flow through financing from $14,725,000 to $15,725,500 as strategic investor Mr. Larry Childress has agreed to increase his Goliath common share purchase from 1,000,000 to 1,400,000 through Childress Family LP. About Mr. Larry Childress Mr. Childress has a MS Degree in Mining Engineering and started an oil exploration [...]
Goliath Resources Ltd. is pleased to announce it has increased the previously announced non-brokered flow through financing from $12,750,000 to $14,725,000 with strategic investor Mr. Larry Childress buying 1,000,000 common shares through Childress Family LP. In addition, Goliath has closed $9,562,308 in the first tranche of the flow through financing and a strategic Global Commodity Group based in Singapore has completed [...]
Goliath Resources is pleased to announce it has upsized its previously announced non-brokered private placement to $12,750,000 comprised of charity flow through shares priced at $1.975 and flow through shares priced at $1.44. Mr. Rob McEwen has agreed to buy 800,000 shares that will increase his ownership in Goliath to 3.8% on a partially diluted basis post financing. Goliath intends to raise a total of $12,750,000 [...]
Goliath Resources Ltd. is pleased to announce it has closed a $1,000,000 order from its strategic shareholder Crescat Capital, plus an additional order for gross proceeds of $1,093,524 in the final tranche of the previously announced non-brokered financing up to $6,500,000 on August 13, 2024. The non-brokered private placement was a combination of: Non-Flow-Through shares sold at a price of $1.11 each and Flow-Through [...]