Core Viewpoint - Goliath Resources Limited has amended its property option agreement with The J2 Syndicate to increase its ownership in the Golddigger Property from 49% to 100% and reduce the Net Smelter Returns from 3% to 2% [1] Group 1: Agreement Details - The company will issue 3,000,000 common shares to the Syndicate by March 15, 2026, as part of the agreement [1] - The transaction is subject to approval from the TSX Venture Exchange [1] Group 2: Company Overview - Goliath Resources is focused on precious metals exploration in the Golden Triangle of Northwestern British Columbia, with all projects in high-quality geological settings [2] - The company completed its largest drill campaign in 2025, totaling 64,364 meters, and is fully funded for a similar program in 2026 [2] - There are 110 holes with pending assays for gold equivalent results from the 2025 drill program [2] Group 3: Resource Estimate Amendments - Goliath is required to publish a Maiden Resource Estimate by June 1, 2030, and every three years thereafter, an extension from the original deadline of June 1, 2027 [4] - The company will pay the Syndicate $1 for every gold equivalent ounce over 4,000,000 ounces in the MRE, a change from the original agreement which required a payment of $1 million plus $1 for every ounce over 2,000,000 [4] - In the event of a change of control before the MRE publication, the acquirer will assume Goliath's obligations, with adjusted deadlines for the Initial Resource Report [4]
Goliath Resources Fast Tracks 100% Ownership Of The Golddigger Property Hosting The High-Grade Surebet Gold Discovery And Reduces The NSR from 3% to 2%, Golden Triangle, B.C.
Globenewswire·2026-01-22 11:22