Goliath Reports Numerous High-Grade Intercepts Up To 10.83 g/t AuEq Over 22.82 Meters, Grade Values Increased By 13.2% In 54 Gold Equivalent Drill Results, Assays Pending On A Further 56 AuEq Holes Drilled In 2025, Surebet Discovery, Golden Triangle, B.C.

  • Accounting for Silver, Copper, Lead and Zinc within these 54 drill hole results, Goliath reports an average 13.2% increase in overall grade values from the previously announced Gold only assays, with numerous high-grade intercepts up to 10.83 g/t AuEq over 22.82 meters. Assays pending on a further 56 gold equivalent drill holes from 2025.
  • 100% of the drill holes completed to date on Surebet have intersected gold mineralization clearly demonstrating remarkable continuity, grades, and widths inclusive of over 1,500 pierce points within 5 Main Gold-Rich Zones comprising 46 mineralized lodes that remain open for expansion.
  • 100% of the drill holes completed to date on the Surebet Discovery have intersected substantial quartz-sulphide mineralization.
  • The remarkable continuity, widths and grades demonstrated by drilling in multiple lodes shows this extensive 1.8 km2 gold system continues to demonstrate strong potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years. The strong results received to date will help vector in on drilling targets that remain open with excellent expansion potential.
  • Of the holes drilled during the 2025 campaign, 83 out of 110 holes (or 76%) contained visible gold to the naked eye (VG-NE). 355 out of 386 drill holes representing 92% of holes drilled to date at Surebet contain VG-NE.
  • High-grade gold has been identified in three distinct rock packages discovered to date at the Surebet Discovery. This includes the gently dipping gold-rich stacked quartz-sulphide breccias/stockwork veins; the gold-rich intermediate to felsic Eocene-aged dykes; and the recently discovered broad gold-rich zones of calc-silicate altered breccia. All mineralized rock types contain substantial amounts of VG-NE (from fine-grained to coarse-grained gold) and remain open for expansion. This confirms the presence of a Motherlode magmatic source nearby, a causative intrusion responsible for the extensive 1.8 km2 high-grade gold system at Surebet.
  • The fully funded 2026 drill program will be mainly focused on expanding the 5 Main Mineralized Zones. Data compilation and interpretation is underway which will be used to vector in on the indicated Motherlode causative intrusive source to this extensive high-grade gold system with widespread VG-NE that remains open for expansion.
  • Gold-equivalent assay results which will include multi-element (Silver, Copper, Lead and Zinc) analyses for 56 out of 110 drill holes completed in 2025 are pending and will be released in the immediate future.

GOLD-EQUIVALENT DRILL HIGHLIGHTS (for complete details see Table 2 below):

  • Drill hole GD-25-337 has two separate intervals:
    • 10.83 g/t AuEq (10.60 g/t Au and 8.04 g/t Ag) over 22.82 meters, including 15.51 g/t AuEq (15.19 g/t Au and 11.14 g/t Ag) over 15.71 meters including 38.71 g/t AuEq or 1.24 oz/t AuEq (37.28 g/t Au 49.80 g/t Ag) over 3.36 meters in the Golden Gate Zone; and
    • 36.15 g/t AuEq or 1.16 oz/t AuEq (36.11 g/t Au and 1.46 g/t Ag) over 3.08 meters from the Golden Gate Zone.
  • Drill hole GD-25-377 has two separate intercepts:
    • 2.43 g/t AuEq (2.35 g/t Au and 3.14 g/t Ag) over 46.90 meters, including 3.25 g/t AuEq (3.15 g/t Au and 3.87 g/t Ag) over 34.00 meters, including 7.28 g/t AuEq (7.16 g/t Au and 4.56 g/t Ag) over 10.84 meters, including 17.86 g/t AuEq (17.77 g/t Au and 4.47 g/t Ag) over 3.98 meters from the Bonanza Zone; and
    • 9.06 g/t AuEq (8.73 g/t Au and 15.45 g/t Ag) over 3.80 meters from the Golden Gate Zone.
  • Drill hole GD-25-328 intersected:
    • 31.54 g/t AuEq or 1.01 oz/t AuEq (30.95 g/t Au and 15.27 g/t Ag) over 3.00 meters from the Golden Gate Zone.
  • Drill hole GD-25-372 intersected:
    • 15.28 g/t AuEq (13.74 g/t Au and 63.39 g/t Ag) over 6.10 meters, including 22.64 g/t AuEq (20.37 g/t Au and 94.00 g/t Ag) over 4.10 meters from the Golden Gate Zone.
  • Drill hole GD-25-355 intersected:
    • 3.20 g/t AuEq (3.05 g/t Au and 5.91 g/t Ag) over 23.00 meters, including 5.77 g/t AuEq (5.54 g/t Au and 9.52 g/t Ag) over 12.20 meters, including 10.90 g/t AuEq (10.48 g/t Au and 16.71 g/t Ag) over 6.20 meters from the Golden Gate Zone.
  • Drill hole GD-24-277 (a 2024 hole relogged in 2025) intersected:
    • 12.20 g/t AuEq (12.16 g/t Au and 1.74 g/t Ag) over 6.00 meters, including 14.63 g/t AuEq (14.59 g/t Au and 2.03 g/t Ag) over 5.00 meters, including 18.27 g/t AuEq (18.22 g/t Au and 2.46 g/t Ag) over 4.00 meters from the Golden Gate Zone.
  • Drill hole GD-25-362 intersected:
    • 5.33 g/t AuEq (2.41 g/t Au and 152.41 g/t Ag) over 12.48 meters, including 11.37 g/t AuEq (5.67 g/t Au and 291.26 g/t Ag) over 4.94 meters from the Surebet Zone.
  • Drill hole GD-25-365 has two separate intercepts:
    • 5.50 g/t AuEq (5.13 g/t Au and 12.56 g/t Ag) over 12.00 meters, including 8.09 g/t AuEq (7.57 g/t Au and 17.96 g/t Ag) over 7.97 meters, including 10.61 g/t AuEq (9.94 g/t Au and 23.32 g/t Ag) over 6.02 meters from the Golden Gate Zone; and
    • 3.58 g/t AuEq (3.48 g/t Au and 4.32 g/t Ag) over 4.25 meters, including 4.74 g/t AuEq (4.61 g/t Au and 5.37 g/t Ag) over 3.20 meters from the Bonanza Zone.
  • Drill hole GD-25-317 has three separate intercepts:
    • 2.64 g/t AuEq (2.54 g/t Au and 3.22 g/t Ag) over 23.85 meters, including 2.90 g/t AuEq (2.79 g/t Au and 3.40 g/t Ag) over 21.67 meters, including 4.86 g/t AuEq (4.74 g/t Au and 4.14 g/t Ag) over 11.88 meters, including 7.04 g/t AuEq (6.91 g/t Au and 4.66 g/t Ag) over 7.83 meters from the Bonanza Zone;
    • 4.29 g/t AuEq (4.14 g/t Au and 6.30 g/t Ag) over 7.65 meters, including 5.80 g/t AuEq (5.60 g/t Au and 8.17 g/t Ag) over 5.56 meters from the Surebet Zone; and
    • 7.67 g/t AuEq (6.56 g/t Au and 43.05 g/t Ag) over 5.15 meters, including 11.91 g/t AuEq (10.22 g/t Au and 66.73 g/t Ag) over 3.30 meters from the Golden Gate Zone.
  • Drill hole GD-25-318 intersected:

SUREBET DISCOVERY - UPDATED 3D MODEL (Click Here)

TORONTO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report the completed gold-equivalent assay results for 54 out of 110 holes drilled in 2025 at the Surebet Discovery on its 100% controlled Golddigger Property (the “Property”), Golden Triangle, British Columbia. Accounting for Silver, Copper, Lead and Zinc within these 54 drill hole results, Goliath reports an average 13.2% increase in overall grade values from the previously announced Gold only assays (see news January 20, 2026, December 2, 2025, November 17, 2025, October 27, 2025, September 22, 2025, September 8, 2025, August 26, 2025, and July 28, 2025).

Highlights include drill hole GD-25-337, which intersected 10.83 g/t AuEq (10.60 g/t Au and 8.04 g/t Ag) over 22.82 meters, including 15.51 g/t AuEq (15.19 g/t Au and 11.14 g/t Ag) over 15.71 meters including 38.71 g/t AuEq or 1.24 oz/t AuEq (37.28 g/t Au 49.80 g/t Ag) over 3.36 meters in the Golden Gate Zone. Every drill hole completed so far within the 1.8 km2 Surebet discovery, including all 110 holes from the 2025 season, has successfully intersected gold mineralization. These results confirm predictable continuity, grade, and width across 5 Gold-Rich Zones and 46 Distinct Lodes, all of which remain open for expansion. The fully funded 2026 drill program will focus on expanding the 5 Main Mineralized Zones, testing the Motherlode causative intrusive source, and build toward a future resource. Gold-equivalent assay results which will include multi-element (Silver, Copper, Lead & Zinc) analyses for 56 out of 110 holes drilled in 2025 are still pending and will be released in the immediate future.

Mr. Roger Rosmus, Founder & CEO of Goliath states: “We are very pleased to see a 13.2% increase to the overall AuEq grade numbers reinforcing the significance of the metals other than gold at the Surebet Discovery. What continues to stand out (and get better the more we drill) about the Surebet high-grade gold discovery is the widespread distribution of VG-NE, as can be seen in our map of the VG-NE in the drill holes. It is rare to see a discovery like this not only in the Golden Triangle, but worldwide. The vast number of stacked veins is analogous to the gold-rich Pogo Mine in Alaska. Modelling of the stacked veins shows a series dipping to the southwest (Surebet group) and to the southeast (Bonanza group) which open the possibility of two separate sources or one large one that could be several thousands of meters. Another interesting aspect is that the Surebet group and Bonanza group come together in a Hinge Zone that has a substantial block of rock with plenty of VG-NE. In addition to waiting for the remaining 56 gold-equivalent assays, we are also updating our models of the multitude of high-grade gold zones, advanced geological studies at the Colorado School of Mines to help us prepare for the 2026 drilling season. We have never been in a stronger balance sheet position as we are fully funded for the upcoming 2026 campaign. The bottom line is that we are in a unique position having an important high-grade gold discovery to expand upon in the greatest gold bull market ever.”

Assay results from the recently concluded 64,364-meter drill program have significantly expanded the high-grade footprint of the Surebet Discovery, which remains open for further growth. An updated geological model incorporating all 2025 data identifies 5 primary mineralized Zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado. Collectively these Zones comprise 46 gold-rich lodes and associated Eocene-aged RIRG dykes.

Table 1: Five main modelled gold rich zones and dykes.

ZoneNumber of lodesDimensionsKey InterceptStatus
Bonanza51.8 km x 1.1 km x 19 m13.53 g/t AuEq over 11 mRemains Open
Surebet91.2 km x 930 m x 19 m21.08 g/t AuEq over 23 mRemains Open
Golden Gate181.3 km x 820 m x 14 m34.52 g/t AuEq over 39 mRemains Open
Whopper12800 m x 450 m x 6 m32.67 g/t AuEq over 4 mRemains Open
Eldorado2680 m x 700 m x 5 m7.91 g/t AuEq over 7.15 mRemains Open
Gold-rich dykes 1.4 km x 890 m x 25 m12.03 g/t AuEq over 10 mRemains Open


High-grade gold has been identified in three distinct rock packages discovered to date at the Surebet Discovery. This includes the gently dipping gold-rich stacked quartz-sulphide breccias/stockwork veins; the gold-rich intermediate to felsic gold-Rich dykes; and the recently discovered broad gold-rich zones of calc-silicate altered breccia. All mineralized rock types contain substantial amounts of VG-NE (from fine-grained to coarse-grained gold) and remain open for expansion. This confirms the presence of a Motherlode magmatic source nearby, a causative intrusion responsible for the extensive 1.8 km2 high-grade gold system at Surebet.

The remarkable continuity, widths and grades encountered across multiple lodes underscore the significance of this 1.8 km2 gold system which has strong potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years. Success to date has effectively vectored toward several open targets, providing a strong foundation for further expansion in the 2026 drilling campaign.

Surebet Discovery Highlights

  • Assay results are still pending for 56 holes from the 2025 exploration campaign for the gold equivalent (AuEq) values, that will be announced once received, compiled and interpreted.

  • 83 out of 110 holes (or 76%) drilled in 2025 contain VG-NE, 100% of holes drilled to date at the Surebet Discovery have intersected substantial quartz-sulphide mineralization. See news releases dated: January 20, 2026, December 2, 2025, November 17, 2025, October 27, 2025, September 22, 2025, September 8, 2025, August 26, 2025, and July 28, 2025.

  • 60 out of 64 holes (or 94%) drilled in 2024 contain VG-NE up to 11.5 mm (7/16 inches) in size, all of which returned high-grade gold. See news releases dated: July 7, 2025, June 23, 2025, January 7, 2025, January 13, 2025, February 10, 2025, February 18, 2025, February 27, 2025, December 12, 2024 and July 30, 2024.

  • 92% of the holes (355 out of 386) drilled to date at Surebet contain VG-NE (see VG-NE heat map above).

  • The best hole drilled to date is GD-24-260 previously reported and is now been modeled from the Golden Gate Zone assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 meters (see news release dated January 13, 2025). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below.

  • The best hole drilled to date from the RIRG Eocene-aged dykes is GD-22-58 that assayed 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters including 19.91 g/t AuEq (19.62 g/t Au and 25.61 g/t Ag) over 6.00 meters, including 23.82 g/t AuEq (23.47 g/t Au and 30.54 g/t Ag) over 5.00 meters, plus a second separate interval down hole of 8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 meters (see news release dated March 13, 2025). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below.

  • The best hole drilled to date from the third distinct rock package consisting of calc-silicate altered breccia is drill hole GD-25-337, which intersected 10.83 g/t AuEq (10.60 g/t Au and 8.04 g/t Ag) over 22.82 meters, including 15.51 g/t AuEq (15.19 g/t Au and 11.14 g/t Ag) over 15.71 meters including 38.71 g/t AuEq or 1.24 oz/t AuEq (37.28 g/t Au 49.80 g/t Ag) over 3.36 meters in the Golden Gate Zone. The intercept is approximately true width. More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below.

  • Multiple gently dipping gold-mineralized stacked veins have been identified every year on the Surebet high-grade gold discovery. Recent discoveries include gold-rich RIRG Eocene-aged dykes, Goldilocks Zones where the veins and vertical dykes crosscut (which are characterized by having high-grade gold in two temperature regimes) and recently discovered high-grade gold in a third distinct rock package characterized by calc-silicate altered breccia, which increases potential tonnage and gold content of the high-grade gold system at the Surebet Discovery.
  • The footprint of the mineralization discovered to date at Surebet is 1.8 km2 and remains open in all directions.
  • Thanks to the mountainous topography, mineralization in the veins is exposed on the surface for 2.1 km of strike (1.0 km on the south slope and 1.1 km on the north slope) with a vertical relief of 700 meters.

  • A study completed by the Colorado School of Mines confirms a new interpretation of the ore forming process of high-grade gold mineralization at Surebet and outlines a common magmatic source for the high-grade gold system, now in three distinct rock packages. Which gives the Surebet untapped discovery potential to increase tonnage and gold content in the various known rock packages. Until this study, researchers and explorers in the Golden Triangle had not recognized the high-grade gold discovery potential in the Eocene-aged RIRG dykes (see news release March 13, 2025), which is showing the potential that these discoveries could be a geological breakthrough in the Golden Triangle of British Columbia.

  • Goliath has drilled over 156,000 meters encompassing over 1,500 pierce points in the Surebet Discovery located at the Golddigger property between 2021 and 2025.

  • The Surebet Discovery has predictable continuity and good metallurgy with gold recoveries of 92.2% from gravity and flotation at a 327-micrometer crush including 48.8% free gold recovery from gravity alone (no cyanide required to recover the gold). The metallurgy completed to date shows a benign rock composition without deleterious elements (see news release March 1, 2023).

  • Based on positive grassroots exploration and drill results in recent years, Goliath significantly increased its land package from 66,608 hectares to 91,518 hectares (226,146 acres) and now controls 56 kilometers of key terrain of the Red Line geologic trend providing for additional discovery potential.

  • The Golddigger Property is located on tidewater with a barge route to Prince Rupert (190 km south) and close to infrastructure including the town of Kitsault adjacent to a permitted mine site on private property.

Table 2: Complete gold-equivalent assay results.

Hole IDintervalFrom (m)To (m)Interval (m)Au (g/t)Ag (g/t)Cu (%)Pb (%)Zn (%)AuEq (g/t)Zone
GD-25-337





Interval113.00135.8222.8210.608.040.010.200.2910.83Golden Gate



Including120.11135.8215.7115.1911.140.010.290.4115.51
Including120.11123.473.3637.2849.80.021.321.8438.71
Interval132.74135.823.0836.111.460.010.000.0236.15Golden Gate
GD-25-377







Interval282328.946.92.353.140.010.020.082.43Bonanza





including283317343.153.870.010.020.13.25
Including283293.8410.847.164.560.010.030.127.28
Including289292.983.9817.774.470.020.010.0317.86
Interval456459.83.88.7315.450.020.060.219.06Golden Gate
GD-25-328Interval527530330.9515.270.030.221.3131.54Golden Gate
GD-25-372

Interval571577.16.113.7463.390.051.381.0815.28Golden Gate

Including572576.14.120.37940.082.051.622.64
GD-25-355



Interval428451233.055.910.010.130.13.2Golden Gate



Including435447.212.25.549.520.010.240.175.77
Including441447.26.210.4816.710.010.460.3110.9
GD-25-277_RELOG



Interval114120612.161.74000.0212.2Golden Gate



Including115120514.592.03000.0214.63
Including115119418.222.46000.0218.27
GD-25-362

Interval177.06189.5412.482.41152.410.020.710.955.33Surebet

Including177.061824.945.67291.260.031.682.1511.37
GD-25-365







Interval374.8379.054.253.484.3200.030.083.58Bonanza

Including374.83783.24.615.3700.030.14.74
Interval485.02497.02125.1312.560.030.190.485.5Golden Gate



Including488495.977.977.5717.960.030.280.688.09
Including489.95495.976.029.9423.320.040.360.8810.61
GD-25-317













Interval352.91360.567.654.146.30.020.030.114.29Surebet

Including355360.565.565.68.170.020.040.135.8
Interval439462.8523.852.543.220.020.030.132.64Bonanza





Including440.06461.7321.672.793.40.020.040.142.9
Including449.85461.7311.884.744.140.020.040.144.86
Including453.9461.737.836.914.660.020.040.117.04
Interval637642.155.156.5643.050.280.080.587.67Golden Gate

Including638641.33.310.2266.730.430.120.8111.91
GD-25-318

Interval342346.74.713.156.360.010.040.2413.32Bonanza

Including343346.73.716.697.930.020.050.316.91
GD-25-373

Interval207.95213.485.538.5448.010.020.630.219.51Surebet

Including208.81213.484.6710.1156.640.020.740.2511.25
GD-25-370







Interval274.0129520.992.34.160.010.10.162.43Bonanza

Including28929237.3718.230.020.580.557.88
Interval312317537.9200.020.253.19Golden Gate
Interval31832574.113.980.010.040.114.21Golden Gate

Including319324.055.055.665.250.010.050.145.79
GD-25-343

Interval612617510.082.210.0100.0110.13Golden Gate

Including613616316.783.580.0100.0116.85
GD-25-324





Interval203.73208.044.313.8237.390.020.870.594.71Whopper
Interval280.85287.56.657.013.990.010.050.077.11Surebet

Including281.71286.444.739.815.270.010.060.099.94
Interval397.03400.783.753.282.12000.023.32Surebet
GD-25-345







Interval535.055426.956.583.270.0100.026.65Bonanza



Including535.955415.059.044.20.0100.039.12
Including535.955404.0511.134.870.0100.0211.23
Interval61662046.6812.010.020.341.347.23Golden Gate

Including616619.363.367.9314.160.020.41.598.57
GD-25-302







Interval100112122.060.990.010.010.052.09Golden Gate

Including10311073.111.220.010.010.073.15
Interval121140192.261.060.010.010.032.29Golden Gate



Including127138113.661.380.010.010.033.69
Including12713257.132.540.010.020.047.19
GD-25-380



Interval28929894.2920.880.020.490.384.81Surebet



Including290.152976.855.6226.760.020.620.56.28
Including290.15294.954.87.9237.170.020.890.78.83
GD-25-192_RELOG

Interval4373.6530.651.362.090.0100.031.41Golden Gate

Including606553.391.69000.023.43
GD-25-312Interval390.33943.710.569.530.010.010.0410.74Bonanza
GD-25-354





Interval340.9366.0325.130.8523.150.010.30.241.34Surebet

Including351.23358.957.721.9623.360.010.620.222.49
Interval528.57535.156.583.959.960.010.110.264.19Golden Gate

Including528.575323.436.9618.950.020.210.497.43
GD-25-358



Interval38739255.2310.960.030.20.195.5Golden Gate
Interval43443956.090.79000.016.1Golden Gate

Including43543947.610.99000.017.63
GD-25-350







Interval301321.3820.381.1311.130.010.150.241.4Surebet



including308.04319.311.261.7116.060.010.220.292.08
including314319.35.33.1826.340.010.390.53.8
Interval336340.284.283.4437.840.010.630.364.26Surebet
Interval642646.454.454.1215.50.030.330.34.51Golden Gate
GD-25-330Interval532537.555.554.792.960.010.030.044.86Golden Gate
GD-25-387

Interval7984.325.324.530.71000.014.55Golden Gate

including7983.154.155.360.760.0100.015.38
GD-25-378Interval585.865904.145.226.280.020.180.145.4Golden Gate
GD-25-265_RELOGInterval12312745.432.91000.015.48Bonanza
GD-25-410Interval183.32188.465.144.182.650.010.010.084.25Bonanza
GD-25-407

Interval254.5259.094.594.2114.360.010.240.324.56Eldorado

including254.52583.55.4916.660.010.280.335.88
GD-25-376Interval252.82574.24.3212.950.030.130.154.62Eldorado
GD-25-259_RELOGInterval23123436.1130.0100.026.17Whopper
GD-25-400Interval102132300.61.670.010.020.040.65Golden Gate
GD-25-357Interval213234.9521.950.524.80.010.110.20.67Golden Gate
GD-25-327

Interval10711142.996.8800.030.053.13Eldorado

including27628152.0917.530.090.030.492.58
GD-25-363

Interval310320101.1311.30.010.20.171.4Surebet

including313.463184.542.2923.030.020.410.352.83
GD-25-390

Interval187.751935.252.389.64000.012.55Surebet

including188.81923.23.8715.17000.014.14
GD-25-368Interval591596.695.692.132.110.010.050.092.19Bonanza
GD-25-342Interval25.763812.240.961.740.010.010.111.02Bonanza
GD-25-352Interval33934232.8549.320.011.131.114.08Surebet
GD-25-314Interval31531942.2529.040.050.161.373.1Golden Gate
GD-25-301Interval41742252.332.050.0100.012.38Eldorado
GD-25-329Interval215.912204.091.791000.190.092.01Whopper
GD-25-403Interval254.022583.982.3512.590.020.170.792.77Surebet
GD-25-386Interval324.793294.211.9719.010.010.260.382.42Surebet
GD-25-394

Interval93112.0219.020.520.630.0100.030.54Golden Gate

including10410840.961.560.010.010.071.01
GD-25-303

Interval512.05530.0417.990.52.330.010.060.050.56Golden Gate

including51852130.9710.520.010.330.121.22
GD-25-348Interval216.3222.055.750.8836.620.020.470.411.67Surebet
GD-25-409Interval12512940.6423.890.010.140.331.14Bonanza
GD-25-351Interval41842351.444.650.010.080.11.56Golden Gate
GD-25-361Interval303.8310.086.281.069.040.010.160.241.3Surebet
GD-25-219_RELOGInterval415.92420.854.931.711.9900.010.051.77Golden Gate
GD-25-333Interval6932.531.70.010.010.162.6Whopper
GD-25-325Interval454.4458.854.451.112.260.020.010.31.23Golden Gate
GD-25-371Interval283296.9113.910.521.2600.010.020.55Surebet
GD-25-306Interval13514161.250.3200.010.021.26Golden Gate
GD-25-331Interval146151510.530.0100.021.02Golden Gate
GD-25-391Interval467481140.450.9100.010.020.48Dyke
GD-25-322Interval161171100.541.5100.010.030.58Golden Gate
GD-25-287_RELOGInterval687461.021.1200.010.021.04Golden Gate
GD-25-341Interval39439951.041.950.010.010.181.12Bonanza
GD-25-307Interval363.7366.723.021.696.020.010.140.131.84Surebet


Table 3: Collar information for drill holes reported in this news release.

Hole IDCRSEasting (m)Northing (m)Elevation (m)Azimuth (deg)Dip (deg)Length (m)
GD-24-192_RELOGNAD83 / UTM zone 9N4575936162376111835550332
GD-24-219_RELOGNAD83 / UTM zone 9N457149616250113209550429
GD-24-259_RELOGNAD83 / UTM zone 9N457447616277815129245402
GD-24-265_RELOGNAD83 / UTM zone 9N4578856162617117513065426
GD-24-277_RELOGNAD83 / UTM zone 9N45770161624401133080990
GD-24-287_RELOGNAD83 / UTM zone 9N457702616243711328075331
GD-25-337NAD83 / UTM zone 9N4578186162509114124462370
GD-25-377NAD83 / UTM zone 9N4572316162742148829570519
GD-25-328NAD83 / UTM zone 9N456710616296416394355662
GD-25-372NAD83 / UTM zone 9N4574016162900160616870732
GD-25-355NAD83 / UTM zone 9N4573686162757150910072690
GD-25-362NAD83 / UTM zone 9N457413616325517335360405
GD-25-365NAD83 / UTM zone 9N457041616295816049786702
GD-25-317NAD83 / UTM zone 9N4574456162777151113067717
GD-25-318NAD83 / UTM zone 9N4567106162964163510577662
GD-25-373NAD83 / UTM zone 9N457511616307616607080718
GD-25-370NAD83 / UTM zone 9N4572316162741148827565477
GD-25-343NAD83 / UTM zone 9N4572286162734148113850660
GD-25-324NAD83 / UTM zone 9N4574476162777151510567720
GD-25-345NAD83 / UTM zone 9N4573666162757150912052822
GD-25-302NAD83 / UTM zone 9N45781861625091141195691635
GD-25-380NAD83 / UTM zone 9N4570376162950160418383693
GD-25-312NAD83 / UTM zone 9N4573656162756150915071681
GD-25-354NAD83 / UTM zone 9N4573266162856158218572739
GD-25-358NAD83 / UTM zone 9N4572286162734148121976651
GD-25-350NAD83 / UTM zone 9N4571856163117170218077849
GD-25-330NAD83 / UTM zone 9N4573266162856158220673681
GD-25-387NAD83 / UTM zone 9N4575946162372111919070408
GD-25-378NAD83 / UTM zone 9N4574656163019163426085603
GD-25-410NAD83 / UTM zone 9N457976616265911742366216
GD-25-407NAD83 / UTM zone 9N4573996162904160835082395
GD-25-376NAD83 / UTM zone 9N4572356162864158521781640
GD-25-400NAD83 / UTM zone 9N4575986162374111914783309
GD-25-357NAD83 / UTM zone 9N4568656162628145113565525
GD-25-327NAD83 / UTM zone 9N45701661625931388565459
GD-25-363NAD83 / UTM zone 9N4574116163251173317568901
GD-25-390NAD83 / UTM zone 9N457488616316617077080792
GD-25-368NAD83 / UTM zone 9N4574856163165170625077690
GD-25-342NAD83 / UTM zone 9N4578156162511114633670350
GD-25-352NAD83 / UTM zone 9N457038616295216044276847
GD-25-314NAD83 / UTM zone 9N457018616258813828070593
GD-25-301NAD83 / UTM zone 9N4574456162773151316858702
GD-25-329NAD83 / UTM zone 9N4574446162778151533080685
GD-25-403NAD83 / UTM zone 9N4574676163017163314783600
GD-25-386NAD83 / UTM zone 9N4575126163073166012956459
GD-25-394NAD83 / UTM zone 9N4575946162372111916855345
GD-25-303NAD83 / UTM zone 9N4573646162754150815761676
GD-25-348NAD83 / UTM zone 9N45741361632521733115651001
GD-25-409NAD83 / UTM zone 9N457883616262211786075302
GD-25-351NAD83 / UTM zone 9N4572356162738148917057723
GD-25-361NAD83 / UTM zone 9N4571916163128171216085699
GD-25-333NAD83 / UTM zone 9N4573656162757150912771798
GD-25-325NAD83 / UTM zone 9N4573656162755150912888669
GD-25-371NAD83 / UTM zone 9N457190616313017124086681
GD-25-306NAD83 / UTM zone 9N4572146162332122034259346
GD-25-331NAD83 / UTM zone 9N4578156162506114419483360
GD-25-391NAD83 / UTM zone 9N4574656163019163428676618
GD-25-322NAD83 / UTM zone 9N4572146162332121925070594
GD-25-341NAD83 / UTM zone 9N4569276163020165231075615
GD-25-307NAD83 / UTM zone 9N4569276163020165115272678


About Golddigger Property

The Golddigger Property is 100% controlled and covers an area of 91,518 hectares in a highly prospective geological setting of the Eskay Rift, within 3 kilometers of the Red Line in the Golden Triangle of British Columbia. This area, in close proximity to the Red Line, has hosted some of Canada’s greatest gold mines including Eskay Creek, Premier and Snip. Other significant and well-known deposits in the Golden Triangle include Brucejack, Copper Canyon, Galore Creek, Granduc, KSM, Red Chris, and Schaft Creek. Goliath controls 56 kilometers of the Red Line which is a geologic contact between Triassic age Stuhini rocks and Jurassic age Hazelton rocks used as key markers when exploring for gold-copper-silver mineralization.

The Surebet discovery has predictable continuity and good metallurgy with gold recoveries from gravity and flotation at a 327-micrometer crush of 92.2% including 48.8% free gold from gravity alone (no cyanide required to recover the gold). The metallurgy completed to date shows no deleterious elements are present (see news release dated March 1, 2023).

The Property is in a well positioned location in close proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power.

Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the east of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the West Coast of British Columbia and houses an international container seaport also with direct access to railway and an airport.

Qualified Person

Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release. Mr. Turna is an Independent Director of the Company.

About Goliath Resources Limited

Goliath Resources is an explorer of precious metals projects in the highly prospective Golden Triangle of Northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. In 2025, Goliath completed its largest drill campaign to date for a total of 64,364 meters. It is fully funded for a similar sized drill program in 2026. Assay results are still pending on 56 holes from the 2025 exploration campaign for the gold equivalent (AuEq) values, that will be announced once received, compiled and interpreted. The Company’s key strategic cornerstone shareholders include Crescat Capital, a Global Commodity Group (Singapore), McEwen Inc. (NYSE: MUX) (TSX: MUX), Waratah Capital Advisors, Rob McEwen, Eric Sprott and Larry Childress.

About CASERM (Center to Advance the Science of Exploration to Reclamation in Mining)

Goliath Resources is a paying member and active supporter of the Center to Advance the Science of Exploration to Reclamation in Mining (CASERM), which is one of the world’s largest research centers in the mining sector. CASERM is a collaborative research venture between Colorado School of Mines and Virginia Tech that is supported by a consortium of mining and exploration companies, analytical instrumentation and software companies, and federal agencies aiming to transform the way geoscience data is acquired and used across the mining value chain. The center forms part of the I-UCRC program of the National Science Foundation. Research focuses on the integration of diverse geoscience data to improve decision making across the mine life cycle, beginning with the exploration for subsurface resources continuing through mine operation as well as closure and environmental remediation. Over the past three years, Goliath Resources’ membership in CASERM has allowed a high level of research to be performed on the Surebet Discovery.

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
www.goliathresourcesltd.com

Disclaimer

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

QA/QC Protocol

Oriented HQ-diameter or NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM software and data from the 2017-2024 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration is sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half: one-half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. The bagged samples are then weighed and secured with a zip tie. Certified reference materials (CRMs), blanks and duplicates are added in the sample stream at a rate of 10%. To ensure analytical anonymity, CRM identification labels are removed prior to submission to the laboratory. Additional out-of-sequence blanks are introduced immediately following core samples that contain VG-NE or high-grade sulphide mineralization.

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples are then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, certified reference materials, and duplicate samples are inserted regularly into the sample sequence at a rate of 10%.

All samples are transported in rice bags sealed with numbered security tags. The rice bags are transported from the core shacks to the MSALABS facilities in Terrace, BC. MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. The core samples undergo preparation via drying, crushing to ~70% of the material passing a 2 mm sieve and riffle splitting. The sample splits are weighed and transferred into three plastic jars, each containing between 300 g and 500 g of crushed sample material. A 250 g split is pulverized to ensure at least 85% of the material passes through a 75 µm sieve. The crushed samples are transported to the MSALABS PhotonAssayTM facility in Prince George, where gold concentrations are quantified via photon assay analysis (method CPA-Au1). Samples that result in gold concentrations ≥5 ppm are analyzed to extinction. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, inducing the emission of secondary gamma rays, which are measured to quantify gold concentrations. The assays from all jars are combined on a weight-averaged basis. Multielement analyses are carried at the MSALABS facilities in Surrey, BC, where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230 methods. The IMS-230 method uses 4-acid digestion (a combination of hydrochloric, nitric, perchloric and hydrofluoric acids) followed by inductively coupled plasma emission spectrometry to quantify concentrations of 48 elements. Samples with over-limit results for Ag, Cu, Pb and Zn undergo ore-grade analysis via the ICF-6xx method (where ‘xx’ denotes the target metal). This method employs 4-acid digestion followed by inductively coupled plasma emission spectrometry.

Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and Gold Equivalent (AuEq) metal values are calculated using: 4,932.69 USD/oz, Ag 84.916 USD/oz, Cu 6.07 USD/lbs, Pb 1964.45 USD/ton and Zn 3,328.50 USD/ton on February 3rd, 2026. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath’s project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. Bothell, Washington, dated May 29, 2020). Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath’s Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of the Company to complete financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


Primary Logo

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  204.79
+0.00 (0.00%)
AAPL  264.35
+0.00 (0.00%)
AMD  200.12
+0.00 (0.00%)
BAC  53.36
+0.00 (0.00%)
GOOG  303.94
+0.00 (0.00%)
META  643.83
+0.61 (0.09%)
MSFT  399.60
+0.00 (0.00%)
NVDA  187.96
-0.02 (-0.01%)
ORCL  156.17
+0.00 (0.00%)
TSLA  411.32
+0.00 (0.00%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.