Goliath Successfully Completes 48,443 Meters Of Drilling in 97 Drill Holes in 94 Days, With A 100% Hit Rate And Expands Footprint Of High-Grade Surebet Gold Discovery To 2.01 Km2 That Remains Open, Golddigger Property, Golden Triangle, B.C.
Goliath completes its program with zero new assays, leaving an 83-hole drilling backlog as the sole upcoming catalyst for the project.
Goliath Resources Limited (GOT) has completed its 2026 drill program at the Surebet Discovery on the Golddigger Property in the Golden Triangle, British Columbia. The exploration campaign concluded with 48,443 meters drilled across 97 holes using seven rigs over a period of 94 days. Assays remain pending for 83 of the 97 holes drilled in 2026, representing 86% of the total. Consequently, no new intercept grades are reported in this release.
The company highlighted a footprint expansion to 2.01 square kilometers, a 12% increase. The Bonanza Zone footprint grew from 1.27 to 1.51 square kilometers (+19%), while the Golden Gate Zone expanded from 0.85 to 1.17 square kilometers (+38%). A new "Big Bulk Zone" was identified, measuring 310 meters in length and 110 meters vertically, with veinlets stacked up to 58 meters. These details were published on 2026-08-24, 2026-08-31, 2026-09-10, and 2026-09-16.
Visible Gold to the Naked Eye (VG-NE) was observed in 59% of the 2026 holes (57 of 97). Cumulatively, 412 of 483 holes (85%) displayed visible gold. Additionally, 100% of the holes reported intersecting quartz-sulphide mineralization.
All intercepts cited in the release are historical, sourced to earlier announcements. These include GD-23-157 (21.08 g/t AuEq over 23.00 m, including 50.27 g/t over 9.00 m), GD-24-260 (34.52 g/t AuEq over 39.00 m, including 132.93 g/t over 10.00 m), GD-24-291 (1.97 g/t AuEq over 33 m), and GD-22-58 (12.03 g/t AuEq over 10.00 m).
Metallurgical data, originally from 2023, indicates recoveries of 92.2% Au, 86.5% Ag, 94.2% Pb, and 96.9% Zn via gravity and flotation. Gravity-only recovery was 48.8% Au at a 327 micron crush. No deleterious elements were identified.
The AuEq price deck was refreshed on 2026-08-04, utilizing the following prices: Au US$4,222.08/oz, Ag US$67.76/oz, Cu US$6.43/lb, Pb US$1,967.13/t, and Zn US$3,578.25/t. The formula applied no recovery factors.
Qualified Person Mr. Rein Turna, P.Geo., serves as Independent Director. A 2027 drill plan will follow wireframe model updates once all 2026 assays are received.
Goliath Resources Limited (GOT) is a pre-resource junior explorer with no revenue, a market capitalization of approximately C$299 million across 177.05 million shares, and C$48.2 million in cash at its last reported balance sheet for Q1-2026, with no debt. Management has cited approximately C$53 million in cash and liquidity extending into 2027. For a pre-resource explorer at this valuation, materiality is measured against the perceived scale, grade, and odds of the system relative to what is already priced.
The recent release marks the completion of the drilling program, with 83 of 97 holes remaining unassayed. While the company reported that VG-NE occurred in 59% of 2026 holes, other details including the 2.01 km2 footprint, Bonanza +19%, Golden Gate +38%, the Big Bulk Zone, metallurgy, and 85% cumulative VG-NE were already announced between 2026-08-24 and 2026-09-18.
The last genuine assay release was on 2026-09-18, featuring GD-26-431 with 9.12 g/t AuEq over 11.27 m, equating to 102.8 g.m. The stock moved from $1.50 on 2026-09-15 to $1.73 on 2026-09-18, representing a roughly 15% increase. The shares have since round-tripped from $3.41 to $1.28 and currently sit at $1.69, approximately 50% below the 52-week high and near the low end of the 12-month range. The market is not paying for repetition of the anchor result, meaning there is no embedded premium this release has to defend.
This release neither changes the resource, the deposit, nor the odds. It serves as summary and forward-looking news-flow signalling. It does not damage the thesis, nor does it advance it. The 83-hole assay backlog remains the actual catalyst pipeline and is not included in this release. The market demonstrably reacts to assays in this name, as seen with the 15% move over the 2026-09-16/18 releases, making the absence of assays here the decisive point. The price series ends on 2026-09-21, one day before this release, so the market's reaction to it is not observable in the provided data.
Goliath Resources Limited (TSX-V: GOT, OTCQB: GOTRF, FSE: B4IF) is a precious-metals explorer based in the Golden Triangle of northwestern British Columbia. The company is led by CEO and founder Roger Rosmus, with Graham C. Warren serving as CFO and Rein Turna, P.Geo., as the Qualified Person.
The company’s flagship asset is the 100% owned Golddigger Property, which encompasses 91,518 hectares (226,146 acres). This includes 56 km of the "Red Line" geological trend along the Stuhini-Hazelton contact. The Surebet Discovery comprises five modelled stacked vein systems—Bonanza, Surebet, Golden Gate, Whopper, and Eldorado—totalling 46 lodes or veins, along with Eocene gold-rich dyke swarms and the newly named Big Bulk Zone.
To date, Goliath has drilled more than 200,000 metres since 2021, including 64,364 metres in 2025 and 48,443 metres in 2026. The company has identified more than 1,500 pierce points between 2021 and 2025. One hundred percent of reported holes have intersected quartz-sulphide mineralization, and 85% (412 out of 483) contain visible gold. No NI 43-101 mineral resource has been published.
Infrastructure advantages include adjacent tidewater with barge access to Prince Rupert, located 190 km away. A Kitsault town and permitted mill site are located on private property nearby, while the Dolly Varden Silver Mine Road is 7 km to the east. High-tension power is available 25 km to the east.
The company holds other interests, including 100% of the Nelligan project in Quebec and 49% of Lucky Strike. Active work on these interests has been paused, according to the last MD&A.
The balance sheet shows approximately C$48.2 million in cash as of Q1-2026, with no debt. This stands in contrast to a market capitalization of approximately C$299 million and a book value per share of approximately C$0.24. Strategic holders include Crescat Capital, McEwen Inc. / Rob McEwen, Eric Sprott, Waratah Capital Advisors, Larry Childress, and a Singapore-based global commodity group.