BC Gold Explorer Hits 7.38 g/t AuEq Over 35.7 Meters at Surebet

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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) recently reported assay results from four drill holes at the Surebet discovery, with additional results from two previously reported holes. The drilling was conducted 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. This result anchors the latest batch of assays from the ongoing 2026 campaign on the Golddigger Property.

The intercept sits within a broader zone of veining and alteration that carried anomalous gold throughout, plus visible gold and native silver tied to sulphide minerals in quartz-sulphide stockwork and breccia. Such geology points to a robust mineralized system that remains open in multiple directions.

Why These Results Matter for Investors Right Now

Gold prices have climbed sharply amid concerns over U.S. debt levels and a softer dollar. Spot gold reached a three-month high near US$4,636 per ounce on August 24, following the U.S. Treasury's announcement that it would double long-end bond buybacks, while a weaker U.S. dollar has also supported the metal. Retail investors often turn to gold equities when macroeconomic conditions favor the metal, and drill results that confirm grade and continuity can draw renewed attention to junior explorers.

Company Position and Exploration Advantage

Goliath holds a 100% interest in the Golddigger Property, which spans 91,518 hectares after the company expanded the land package by 28% to include additional prospective terrain along the Red Line trend.

The land package covers prospective terrain near tidewater and existing infrastructure in British Columbia's Golden Triangle. All 52 holes completed in 2026 intersected quartz-sulphide mineralization, which the company says typically coincides with high-grade gold mineralization.

Key Assets, Projects, and Next Catalysts

The Surebet discovery hosts five stacked mineralized zones containing 46 gold-rich lodes/veins that remain open laterally and at depth. Ongoing work includes step-out drilling at the Bonanza Zone, which outcrops for 2.8 kilometers, and relogging of historic core that has already identified new intervals at the Golden Gate Zone. The fully funded program targets approximately 50,000 meters using seven rigs.

Additional intercepts from the current release reinforce continuity. Drill hole GD-26-426 cut two mineralized splays returning 5.18 g/t gold over 4.50 meters and 7.85 g/t gold over 3.00 meters. At the Eldorado Zone, GD-26-431 returned 5.83 g/t gold over 5.95 meters. Updated results from GD-26-424 showed 10.90 g/t AuEq over 6.00 meters. The results add to the growing body of drilling that Goliath says demonstrates continuity across the Surebet system.

Broader Sector Timing and Gold Market Backdrop

According to an August 21 report from Mint, gold gained alongside other precious metals after the Treasury announcement on long-term debt purchases. 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.

Gold subsequently reached its highest level in more than three months, according to an August 24 Reuters report published by The Economic Times.

Analyst Views and Valuation Context

Stifel analyst Cole McGill highlighted step-out drilling that extended the Bonanza shear structure roughly 750 meters southwest and noted continuity across a corridor exceeding 1.8 kilometers by 1.8 kilometers. He assigned a CA$4.25 price target and BUY rating on August 7.

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 cited more than 150,000 meters drilled with a 100% hit rate for mineralization and described Surebet as a large, high-grade gold system with vertical and lateral continuity.

Key Investor Takeaways

• Drill hole GD-26-436 returned 7.38 g/t AuEq over 35.7 meters, confirming near-surface high-grade potential at Surebet.
• All 52 holes completed in 2026 intersected quartz-sulphide mineralization linked to gold.
• The 2026 program remains fully funded for approximately 50,000 meters of expansion drilling.
• Gold prices have advanced on U.S. debt and dollar developments, supporting sector sentiment.
• Analysts from Stifel and John Newell & Associates have issued positive ratings, citing continuity and scale.¹
• Management and insiders hold 20% on a partially diluted basis alongside institutional holders.²

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, Goliath relogged historical hole GD-24-237 and identified a five-meter interval from 629 to 634 meters in the Golden Gate Zone, with assays 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 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.

Share Structure and Near-Term Events²

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. Near-term focus remains on assay results from the balance of the 2026 drill program and ongoing geological modeling.

Common Questions from Investors

How many holes has Goliath completed in 2026? Fifty-two of 98 planned holes for 31,994 meters as of the August 21 release.

Does the Surebet system show visible gold? Yes, 92% of holes drilled from 2021 to 2025 contained visible gold, with additional occurrences noted in 2026 results.

What is the current land position? The Golddigger Property covers 91,518 hectares after a recent 28% expansion.

Are the 2026 assays consistent with prior drilling? Every hole completed to date intersected quartz-sulphide mineralization, aligning with the company's high-grade expectations.

Goliath Resources continues to advance a large-scale gold discovery in a tier-one jurisdiction while gold market conditions remain constructive. Investors should monitor upcoming assay batches and model updates for further clarity on scale and grade continuity.