Goliath Intersects Several High-Grade Holes Including 19.13 g/t Au Over 6.10 Meters, Drilling Significantly Expands Extent Of Gold Mineralization In All 5 Main Zones That Remain Open

Core Insights - The news release highlights the successful completion of the 2025 drilling campaign at the Surebet Discovery, with all 110 drill holes intersecting gold mineralization, confirming the continuity, grades, and widths across five main gold-rich zones and 46 distinct lodes [4][11][17] - The company plans to focus its fully funded 2026 drill program on expanding these mineralized zones and exploring the potential Motherlode source [4][11][12] Drilling Results - Drill hole GD-25-319 intersected 19.13 g/t Au over 6.10 meters, with notable intervals including 22.86 g/t Au over 5.10 meters and 29.09 g/t Au over 4.00 meters [5][15] - Drill hole GD-25-405 reported 10.58 g/t Au over 8.30 meters, including 14.04 g/t Au over 6.25 meters and 15.50 g/t Au over 5.60 meters [5][15] - Drill hole GD-25-312 showed 10.56 g/t Au over 3.70 meters from a gold-rich quartz-sulphide breccia [5][15] - Overall, 83 out of 110 holes (76%) contained visible gold to the naked eye, indicating strong mineralization [4][18] Mineralized Zones - The Surebet Discovery consists of five primary mineralized zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, with a total of 46 gold-rich lodes [11][12][21] - The Bonanza Zone has a strike length of 1.8 km and contains intercepts up to 13.53 g/t AuEq over 11.00 meters [10][14] - The Surebet Zone has a strike of 1.2 km with intercepts reaching 21.08 g/t AuEq over 23.00 meters [10][14] - The Golden Gate Zone features intercepts up to 34.52 g/t AuEq over 39.00 meters [10][14] - The Whopper Zone and Eldorado Zone also show significant mineralization, remaining open for expansion [10][14] Geological Insights - High-grade gold has been identified in three distinct rock packages: quartz-sulphide breccias, Eocene-aged dykes, and calc-silicate altered breccia [11][16] - The presence of visible gold in core samples and the continuity of mineralization suggest a nearby Motherlode magmatic source [11][12][16] - The geological model indicates a potential for further expansion of the mineralized footprint, which currently covers 1.8 km² [11][21] Future Plans - The company is preparing for the 2026 drilling season, focusing on expanding the mineralized zones and further investigating the Motherlode source [12][21] - The updated geological model will guide drilling targets, with a strong foundation for continued exploration and potential resource development [11][17]