Gold Explorer Hits 51.57 g/t Gold as Surebet Footprint Expands 12%

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Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE) reported assay results from four drill holes at its 100%-owned Golddigger Property in British Columbia's Golden Triangle, confirming the presence of the volcanic Wedge Zone in the western, northeastern, and southern parts of the Surebet mineralized system. The Wedge Zone is located between the Bonanza and Golden Gate Zones.

Drill hole GD-26-462 intersected two mineralized intervals in a confirmed 480-meter step-out expansion to the northeast. The Wedge Zone interval assayed 26.80 g/t gold over 2.30 meters within 14.28 g/t gold over 4.32 meters, with gold-equivalent assays pending. The interval consisted of frequent stockwork to sheeted mineralized veinlets associated with visible gold to the naked eye. A second interval, part of the Golden Gate Zone, assayed 20.45 g/t gold over 1.65 meters within 9.31 g/t gold over 3.65 meters and was composed of a broad quartz vein containing semi-massive sulphides and visible gold.

The assay table also reported a higher-grade interval within GD-26-462 of 51.57 g/t gold over 1.17 meters. Within the Golden Gate interval, the hole returned 40.00 g/t gold over 0.82 meters. Assays for silver, copper, lead, and zinc remained pending for the reported GD-26-462 intervals.

Drill hole GD-26-417 intersected 58.00 meters grading 0.55 g/t gold equivalent, including 9.00 meters grading 1.06 g/t gold equivalent, in the Wedge Zone within the confirmed 540-meter expansion to the southwest. The interval contained frequent, tightly spaced quartz and calc-silicate veinlets with multiple occurrences of visible gold. A second interval below the Wedge Zone, part of the Golden Gate Zone, assayed 2.22 g/t gold equivalent over 5.00 meters, including 9.30 g/t gold equivalent over 1.00 meter.

GD-26-425 intersected a 23.20-meter Wedge Zone interval grading 1.02 g/t gold equivalent, including 4.16 g/t gold equivalent over 3.20 meters. The mineralization was hosted in sheeted quartz-sulphide and calc-silicate veins and veinlets associated with visible gold. A second Wedge Zone interval extended 10.55 meters and graded 0.48 g/t gold equivalent, including 7.49 meters grading 0.56 g/t gold equivalent.

GD-26-440 intersected Wedge Zone mineralization in the northwest portion of the Surebet system over 24.97 meters grading 0.66 g/t gold, including 7.05 meters grading 1.07 g/t gold. Gold-equivalent assays were pending, and the mineralization was hosted in tightly spaced sheeted quartz-sulphide vein sets in volcanic rocks.

The company said GD-26-425 and GD-26-462 established the presence of the Wedge Zone along the western and northeastern fringes of the mineralized system. Those areas add to two previously identified Wedge Zone domains, one in the south-central portion of the system and another in the 540-meter step-out to the southwest. Approximately 900 meters of volcanics remain untested by drilling between the western and southwestern domains. The Central volcanic Wedge Zone extends up to 310 meters in length and 110 meters vertically and consists of numerous stacked mineralized veinlets hosted in the volcanic package.

The total footprint of the Surebet system was reported at 2.01 square kilometers, a 12% increase from 1.8 square kilometers before the 2026 drilling season. The Bonanza Zone was expanded to 1.51 square kilometers from 1.27 square kilometers, a 19% increase, while the Golden Gate Zone was expanded to 1.17 square kilometers from 0.85 square kilometers, a 38% increase.

"We are pleased to see the expansion of the mineralized Wedge Zone to the west, southwest, and northeast," Founder and CEO Roger Rosmus said in the company's September 10, 2026 news release. "This is another important piece of the bigger picture that is unfolding at the Surebet Discovery as we continue to test for the Motherlode Causative Intrusive source."

2026 Drilling and Expansion Work Continues at Surebet

Goliath's 2026 drill program was underway and fully funded for approximately 50,000 meters of drilling as of the August 18 Golddigger Property presentation. The program was focused on expanding the 46 mineralized veins at the Surebet Discovery, which remained open laterally and at depth.

Those 46 mineralized lodes comprise the five main gold-rich zones at Surebet. Before the 2026 program, more than 156,000 meters had been drilled with approximately 1,500 pierce points, about 75% of which were spaced at 25 to 50 meters. All five main zones remained open for expansion.

The August presentation also identified the 2026 relogging program as an ongoing work stream based on updated vein modeling. It highlighted GD-24-237, where a five-meter Golden Gate Zone interval from 629 to 634 meters had assays pending. The mineralization was described as Golden Gate-style quartz-sulphide veins within sheared andesite, containing semi-massive pyrrhotite with subordinate pyrite and chalcopyrite associated with calc-silicates and chlorite. The intercept was on trend with GD-24-254, located 200 meters away, which assayed 12.67 g/t gold equivalent over five meters.

The company's 2025-2026 off-season work included geochemical investigations, updates to the geological model, and planning for the fully funded 2026 summer drilling and exploration campaign. Work on the geological model, and the understanding of the mineralization involved Goliath's geological team as well as Archer, Cathro & Associates (1981) Limited for Leapfrog modeling, regional structural mapping and mineralization; Colorado School of Mines for geochemical, petrological and geochronological studies; Motherlode Consulting for conceptual structural vein and lithological modeling; and Oriented Targeting Solutions LLC for structural geometry from core.

The August presentation also stated that Goliath had increased its Golddigger land package by 28%, from 66,023 hectares to 91,518 hectares, giving it control of 56 kilometers of the Red Line. The expanded land package included open ground described as amenable to RIRG-type mineralization, including the newly discovered Blue Origin, while a large portion of the newly acquired ground covered northern icefields with new surface outcrop showings recently exposed by melting snowpack and glaciers.

In the September 10 release, Goliath said its approximately 50,000-meter systematic drilling program includes seven drill rigs targeting lateral and depth expansion of known gold mineralization at the Bonanza, Eldorado, Golden Gate, Surebet, and Whopper Zones. Rosmus said the company is continuing to test for the Motherlode Causative Intrusive source and that additional holes are being added to the laboratory pipeline as drilling continues.