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Financings

Goliath Resources Limited's (GOTRF) Roger Rosmus on Massive Gold Discovery in British Columbia - Ellis Martin Report

By The Northwire Desk — AI Analysis Oct 06, 2025 · 03:03 GOT · 3.25 Goliath Resources Limited
GOT · Price

Executive Summary

  • Goliath Resources announced a CAD 23 million bought‑deal financing led by Stifel Canada, which was six times oversubscribed and completed without warrants.
  • The company reported an aggressive 2024 drilling campaign on the Gold Digger Property: 64,000 m in 110 holes with a 100 % hit rate and visible gold in 94 % of holes.
  • Strategic shareholders include Eric Sprott, Rob McEwen, Crescat Capital and Warta Advisors; Goliath also holds ~900,000 McEwen Inc. shares adding roughly CAD 9 million of non‑dilutive value.

Key Details

  • Financing: CAD 23 M bought‑deal, led by Stifel Canada; six times oversubscribed; no warrants issued; proceeds to fund 2025–2026 drilling program (fully funded).
  • Drilling Results – Gold Digger Property (Sherbet Zone):
  • Total of 64,000 m drilled in 110 holes during 2024.
  • Visible gold observed in 94 % of holes (up from 32 % in 2023).
  • 76 % of holes show visible gold to the naked eye.
  • Nine rigs deployed simultaneously – record‑size campaign for the region.
  • 88 assay results still pending as of October 2025.
  • Strategic Shareholders & Holdings:
  • Eric Sprott, Rob McEwen (McEwen Inc.), Crescat Capital, Warta Advisors (~5 % combined).
  • Ownership of ~900,000 McEwen Inc. shares; value increase from CAD 11.50 to CAD 24.50 per share, representing ≈CAD 9 M non‑dilutive upside.
  • Project Context: Gold Digger Property located in BC’s Golden Triangle with tidewater access and a permitted mill site at Kitsault.

Notable Quotes

“If you want exposure to an explorer that’s on track for a Tier One discovery that will be a mine one day, Goliath is positioned to deliver that.” – Roger Rosmus, Founder & CEO

All non‑material boilerplate and disclaimer text omitted.

Read the original news release →

More from Goliath Resources Limited

Aug 10, 2026 · 06:10

Goliath’s 320m step-out at Golden Gate includes 9.87 g/t Au over 5m, marking an incremental expansion rather than a system re-rater.

Drill Results Aug 06, 2026 · 06:06

Goliath Reports Up To 8.09 G/T AuEq Over 16.00 Meters, Assays Confirm Gold Mineralization In Expanded Bonanza and Golden Gate Zones On High-Grade Gold Surebet Discovery, Golden Triangle, B.C.

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Goliath advances drilling in the Golden Triangle despite dilution and execution risks impacting valuation.

Drill Results Jul 20, 2026 · 02:11

Goliath step-outs extend strike length with visible gold, though all assays remain pending with no new grade data disclosed.

Drill Results Jul 15, 2026 · 06:15

Goliath expands its footprint at the project but reports no assay results, meaning no new grades or resource value has been defined.

Drill Results Jul 07, 2026 · 07:46

Goliath launches a fully funded 50,000-meter drill campaign targeting the Surebet expansion and Motherlode source deposits.

Drill Results