7.38 g/t Gold Equivalent Over 35.7 Meters Leads Latest Golden Triangle Drill Results

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1. Disclosure for the quote from the John Newell article published on February 24, 2026

1. For the quoted article (published on February 24, 2026), Goliath Resources has paid Street Smart, an affiliate of Streetwise Reports, US$3,550
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE) reported assay results from six drill holes at the Surebet discovery on its 100%-owned Golddigger Property in British Columbia's Golden Triangle, led by a near-surface interval of 7.38 grams per tonne gold equivalent over 35.7 meters in drill hole GD-26-436.

The GD-26-436 interval included 19.51 g/t AuEq over 8.32 meters. The broader interval contained veining, alteration, and anomalous gold grades throughout its length, along with several occurrences of visible gold to the naked eye and native silver associated with galena, sphalerite, pyrrhotite, and chalcopyrite in quartz-sulphide stockwork and breccia hosted in sandstones.

Drill hole GD-26-426 intersected two neighboring mineralized splays of the Surebet Zone. The first returned 5.18 g/t gold over 4.50 meters within 2.81 g/t gold over 9.00 meters. The second returned 7.85 g/t gold over 3.00 meters within 4.22 g/t gold over 5.80 meters. The company said mineralization consisted of breccia and stockwork with visible gold associated with massive to stringer galena, sphalerite, and pyrrhotite. Gold-equivalent assays for the hole were pending.

At the Eldorado Zone, GD-26-431 returned 5.83 g/t gold over 5.95 meters, including 11.42 g/t gold over 2.90 meters, within a wider interval of 3.07 g/t gold over 11.90 meters. Mineralization occurred as disseminated and stringer pyrrhotite and pyrite in stockwork veins and veinlets hosted in sandstone and associated with sericite and biotite alteration.

GD-26-414 intersected 1.92 g/t AuEq over 16.45 meters, including 3.92 g/t AuEq over 4.00 meters. A separate 7.45-meter subinterval returned 2.01 g/t AuEq and included 3.56 g/t AuEq over 3.80 meters and 4.84 g/t AuEq over 2.67 meters.

Additional results included GD-26-421, which intersected 2.02 g/t AuEq over 3.98 meters, including 7.68 g/t AuEq over 0.98 meters. Updated multielement assays for GD-26-424 produced 10.90 g/t AuEq over 6.00 meters, including 16.48 g/t AuEq over 3.96 meters and 35.65 g/t AuEq over 1.82 meters.

"We wanted to step out aggressively to see if Surebet can keep delivering high-grade gold with large step outs," Goliath Founder and CEO Roger Rosmus said in the company's August 21 release.

Goliath reported that all holes completed in the 2026 drill program to date had intersected quartz-sulphide mineralization, which the company said typically coincides with high-grade gold mineralization. As of the release, 52 of 98 planned holes had been completed for a total of 31,994 meters drilled in 2026.

Gold Prices Rise as Debt and Dollar Concerns Support Demand

According to an August 21 report from Mint, gold gained alongside other precious metals following the U.S. Treasury's announcement that it would increase purchases of long-term debt. Gold finished that Friday up 2.4% and had gained 5.9% since the Treasury's buyback announcement. The report linked the move in precious metals with concerns surrounding U.S. debt, Treasury yields, and the dollar.

Robin J. Brooks, a senior fellow at the Brookings Institution, said the market's reaction had extended across precious metals. "Markets take a dim view of this, and so it's no surprise that precious metals are up sharply since the buyback announcement," Brooks wrote. The report said the dollar had fallen 0.8% during the week as the so-called debasement trade gained attention. Capital Economics Chief Markets Economist Jonas Goltermann wrote, "When it comes to the dollar, even the hint of financial repression and more unconventional policy is unhelpful."

MacquarieWarrants SG wrote on August 24 that gold prices had reached a three-month high following the U.S. Treasury's intervention in the bond market, which had driven yields and the U.S. dollar lower. The report said U.S. Treasury Secretary Scott Bessent had announced that he was doubling the size of buyback operations in 10- to 30-year debt in an effort to lower long-term borrowing costs.

The report connected the weaker dollar with renewed attention to the "debasement" trade in gold. "The falling US dollar makes other investments such as gold more attractive, giving rise to the so-called 'debasement' theme that helped drive gold's 65% rally in 2025," MacquarieWarrants SG wrote, citing Bloomberg.

Gold subsequently reached its highest level in more than three months, according to an August 24 Reuters report published by The Economic Times. Spot gold rose 0.7% to US$4,636.34 per ounce after gaining more than 5% during the previous week. The report said the earlier gains followed the Treasury's buyback support plan, which had pressured the U.S. dollar.

The Reuters report also pointed to official-sector demand. Poland's central bank reported that its gold holdings had increased to 20.6 million troy ounces at the end of July from 20.3 million ounces at the end of June. Against that backdrop, market attention had shifted toward U.S. inflation data and the Federal Reserve's interest-rate outlook. Reuters noted that "a weaker U.S. dollar makes greenback-priced bullion more affordable for holders of other currencies."

Analysts Highlight Surebet Expansion, Continuity, and Scale

Stifel analyst Cole McGill pointed to continued expansion and continuity at Goliath Resources Ltd.'s Surebet discovery in a July 15 note, highlighting step-out drilling that extended the Bonanza shear structure approximately 750 meters to the southwest. Assays from the step-out drilling were still pending at the time of his report.

McGill wrote that the drilling "showcases continuity of the Bonanza shear structure/host lithology (>1.8km x >1.8km corridor)," which he said demonstrated "potential mineral upside" relative to his exploration target. He added that further step-out drilling "has the ability to put upward pressure on total ounce count of property."

Following a site visit, McGill said he had increased confidence in "a high grade, potential ~1.5MMoz 'central corridor' of mineralization where Bonanza/Surebet intersect, with heightened grade/continuity."

McGill also compared Goliath's valuation with his exploration estimate. "GOT trades at US$30/oz, our exploration target," he wrote. His exploration target, established in a January 20 note, was 4.3 million ounces.

The analyst also compared the early drilling at Surebet with the former Great Bear Resources' Dixie project. "Surebet's first 150 holes look similar to the former Great Bear Resource's Dixie (acquired by Kinross in 2022 for US$1.45B)," McGill wrote. "Surebet's first 150 holes averaging @ 124 g/m, versus Dixie's LP Zone at 129 g/m, just a 4% difference."

On August 7, McGill assigned Goliath a CA$4.25 price target and a BUY recommendation.

¹John Newell of John Newell & Associates also focused on the scale and continuity of the Surebet system when he initiated coverage of Goliath with a Speculative Buy rating in a February 24 report. Newell noted that more than 150,000 meters had been drilled with a reported 100% hit rate for mineralization, while drilling continued to expand the discovery in multiple directions.

"Early skepticism around the geology has given way to a growing recognition of the scale, continuity, and structural complexity of the Surebet discovery, particularly following the company's 2025 and early-2026 drill results," Newell wrote.

He described Surebet as "a large, high-grade gold system with vertical and lateral continuity" and cited the prevalence of visible gold in drill holes completed to date as support for the continuity of mineralization.

Newell also noted that Goliath was fully funded for its 2026 exploration program. The company remained focused on expanding known mineralized zones while evaluating potential higher-grade feeder corridors.

His report identified several valuation levels. "Upside objectives focus first on the area near CA$4.10, followed by a larger measured target around CA$8.25," Newell wrote. He added that "on a longer-term basis, the structure supports a big-picture objective near CA$11.50 should the market move from early recognition toward full valuation of the discovery."

2026 Drilling, Relogging, and Expansion Work Continues

Goliath's August 18 Golddigger Property presentation described the 2026 drill program as fully funded for approximately 50,000 meters. The program is focused on expanding the 46 mineralized veins identified at the Surebet discovery, which remains open laterally and at depth.

The presentation identified the Bonanza Zone as one area of the ongoing expansion program. Bonanza can be seen outcropping at surface on the north face of the mountain, with the presentation showing the zone outcropping for 2.8 kilometers and remaining open.

The company is also carrying out a 2026 relogging program based on updated vein modeling. As part of that work, historical hole GD-24-237 was identified with a five-meter interval from 629 to 634 meters at the Golden Gate Zone, for which assays were pending. The presentation described intense veining in the volcanic package, with Golden Gate-style quartz-sulphide veins hosted in sheared andesite. The interval was described as lying on trend with GD-24-254, located 200 meters away, which returned 12.67 g/t AuEq over five meters.

The 2025-2026 offseason included geochemical investigations, updates to the geologic model, and planning for the fully funded 2026 summer drill and exploration campaign, which is now underway. The modeling work involved Goliath's geological team along with Archer, Cathro & Associates (1981) Limited on the Leapfrog model, regional structural mapping and mineralization; Colorado School of Mines on geochemical, petrological, and geochronological studies; Motherlode Consulting on conceptual structural vein and lithological modeling; and Oriented Targeting Solutions LLC on structural geometry from core.

The presentation also described a comprehensive litho-structural model comprising seven units and seven faults. The model was built using lithology logging data from 8,139 intervals and downhole structural measurements from oriented core.

Goliath had also increased the Golddigger land package by 28%, from 66,023 hectares to 91,518 hectares, covering additional terrain along the Red Line. The expanded package was designed to include open ground amenable to the type of mineralization identified at Blue Origin. A large portion of the newly acquired ground covers northern icefields where new outcrop showings had been exposed at surface as snowpack and glaciers melted.

Ownership and Share Structure²

Management and insiders owned 20% of the company on a partially diluted basis, while strategic and institutional investors collectively held 35.0%, including Crescat Capital, a Global Commodity Group (Singapore), McEwen Inc. (MUX:TSX; MUX:NYSE ), Waratah Capital Advisors, Deutsche Bank AG, US Global Investors Inc., Rob McEwen, Eric Sprott, and Larry Childress.

The remaining shares were held by other institutional funds and retail investors. Goliath has 177 million shares issued and outstanding with a market capitalization of CA$327 million, or approximately US$235 million, and a 52-week trading range of CA$1.265 to CA$3.54.

Frequently Asked Questions

What were Goliath Resources' latest gold drill results at the Surebet discovery?

Goliath Resources reported multiple gold and gold-equivalent intercepts from its 2026 drilling at the Surebet discovery on the Golddigger Property in British Columbia's Golden Triangle. Drill hole GD-26-436 returned 7.38 g/t AuEq over 35.7 meters, including 19.51 g/t AuEq over 8.32 meters. The interval contained several occurrences of visible gold to the naked eye.

What did Goliath Resources report from drill hole GD-26-436?

GD-26-436 intersected a near-surface mineralized interval that assayed 7.38 g/t AuEq over 35.7 meters, including 19.51 g/t AuEq over 8.32 meters. Additional subintervals included 46.49 g/t AuEq over 3.10 meters and 28.99 g/t AuEq over 1.00 meter.

What other high-grade gold results were reported from the 2026 Surebet drilling program?

Drill hole GD-26-426 returned 5.18 g/t gold over 4.50 meters within 2.81 g/t gold over 9.00 meters and a separate interval of 7.85 g/t gold over 3.00 meters within 4.22 g/t gold over 5.80 meters. GD-26-431 returned 5.83 g/t gold over 5.95 meters, including 11.42 g/t gold over 2.90 meters, within 3.07 g/t gold over 11.90 meters.

What were the updated gold-equivalent results from drill hole GD-26-424?

Updated multielement assay results for GD-26-424 returned 10.90 g/t AuEq over 6.00 meters, including 16.48 g/t AuEq over 3.96 meters and 35.65 g/t AuEq over 1.82 meters.

How much drilling has Goliath Resources completed at Surebet in 2026?

As of the August 21 results, Goliath had completed 52 of 98 planned drill holes for a total of 31,994 meters during 2026. All drill holes completed during the 2026 program had intersected quartz-sulphide mineralization, which the company said typically coincided with high-grade gold mineralization.

How large is Goliath Resources' 2026 gold drilling program?

The fully funded 2026 program comprised approximately 50,000 meters of systematic drilling using seven drill rigs. The program targeted the expansion of known gold mineralization laterally and at depth, with expansion drilling continuing at the Bonanza, Golden Gate, and Surebet zones.

How large is the Surebet gold discovery?

The company's mineralization model identified five stacked gold-mineralized systems or zones comprising 46 gold-rich lodes or veins, along with multiple subvertical Eocene-aged dyke swarms. The five modeled zones were Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, and each was described as remaining open.

How much drilling has been completed at the Surebet discovery overall?

More than 156,000 meters of drilling had been completed at Surebet. Prior to the 2026 drill season, more than 1,500 drill-hole pierce points had been established, with approximately 77% of those pierce points at spacings of 25 to 50 meters.

How common is visible gold at the Surebet discovery?

Of the 386 holes drilled between 2021 and 2025 at Surebet, 355, or 92%, contained visible gold to the naked eye. The company also reported visible gold in several of its 2026 drill results.

What are Goliath Resources' gold recovery results from Surebet?

Metallurgical testing on a composite core sample produced gold recoveries of 92.2% through a combination of gravity and flotation circuits. Gravity-only recovery was 48.8% for gold at a 327-micrometer crush size, with no cyanide leaching required to recover the gold and silver.

Where is Goliath Resources' Golddigger Property?

The 100%-owned Golddigger Property covers 91,518 hectares in the Golden Triangle of British Columbia. Goliath controls 56 kilometers of the Red Line geological trend, and the property is adjacent to tidewater with a barge route to Prince Rupert and close to existing infrastructure, including the town of Kitsault.

What have analysts said about Goliath Resources and the Surebet discovery?

Stifel analyst Cole McGill discussed the continuity and expansion of the Bonanza shear structure and, on August 7, gave Goliath a CA$4.25 price target and BUY recommendation. John Newell of John Newell & Associates initiated coverage with a Speculative Buy rating and described Surebet as "a large, high-grade gold system with vertical and lateral continuity."

What has been happening with gold prices?

Gold reached its highest level in more than three months in August, with spot gold reported at US$4,636.34 per ounce after gaining more than 5% during the preceding week. Reports linked the recent strength in gold with a weaker U.S. dollar, developments in the U.S. Treasury market, and renewed attention to the "debasement" trade.