Goliath Resources Reports Major High-Grade Gold Discovery at Bonanza Zone

Goliath Resources Limited has announced a major high-grade gold discovery at the Bonanza Zone on its Golddigger Property, located within British Columbia's prolific Golden Triangle region. The discovery is highlighted by drill hole GD-24-280 returning impressive results of 8.31 grams per tonne gold over 23 meters, including higher-grade intervals that demonstrate the quality of the mineralization. This finding represents the third distinct mineralized rock package identified at the Surebet Discovery area, significantly expanding the geological understanding of the property's potential.

The presence of visible gold in 60 out of 64 holes drilled during the 2024 exploration season provides strong visual confirmation of the widespread mineralization. This high percentage of gold-bearing intersections underscores the continuity and robustness of the mineralized system. A comprehensive 60,000-meter drill program is currently underway, designed to systematically test and expand the known mineralization both laterally and at depth. The ongoing exploration efforts are focused on delineating the full extent of the Bonanza Zone discovery while continuing to advance the broader Surebet Discovery.

Strategic partner McEwen Mining Inc., which holds a significant equity interest in Goliath Resources, stands to benefit substantially from this discovery. The partnership leverages McEwen Mining's expertise in mine development and operations, potentially accelerating the advancement of the Golddigger Property toward production. The exploration strategy extends beyond near-surface mineralization, targeting what geologists refer to as the 'Motherlode' - a deep-seated magmatic gold source that could represent the primary driver of the extensive mineralization observed at surface and in near-surface drilling.

The discovery at Bonanza Zone reinforces the growing recognition of the Golddigger Property as one of the most promising new gold discoveries in the Golden Triangle. The consistent high-grade results across multiple zones demonstrate the property's potential to host a significant gold deposit. For additional technical details and comprehensive analysis of the discovery and its implications, visit https://ibn.fm/YocsI. The continued success of the exploration program positions Goliath Resources as an emerging leader in Canadian gold exploration, with the Golddigger Property showing all the characteristics of a major gold system in one of the world's most mineral-rich regions.