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Goliath aims to drill Bullseye in BC


Last updated 3/9/2018 at 4:15am

Goliath Resources, Lucky Strike, British Columbia

Goliath Resources Ltd.

A one-meter chip sample collected at this vein at the Prosperity Bullseye zone returned 0.58 g/t gold, 60.6 g/t silver, along with zinc, lead, copper and molybdenum.

Goliath Resources Ltd. Feb. 26 said it has outlined drill-ready targets at the newly discovered Prosperity Bullseye zone at the Lucky Strike property in northwestern British Columbia.

The 2,400- by 3,400- meters Prosperity Bullseye zone is surrounded by two prolific placer gold creeks that produced up to 6-ounce nuggets. The source of the placer gold is believed to be attributed to erosion of gold mineralized bedrock from the immediate area.

Soil sampling over a 2,000- by 400-meter area at Prosperity Bullseye returned up to 7.27 grams per metric ton gold, 557 parts per million copper, 65 ppm molybdenum, 50 ppm tungsten, 4 ppm antimony and 10 ppm bismuth.

Coincident with the soil anomaly, an electromagnetic survey found concentric conductive zones flanking a magnetic high extending over a 2,500- by 1,500-meter area and to a depth of 500 meters.

Additionally, high-grade polymetallic veining, localized molybdenum and polymetallic porphyry veining have been identified at Prosperity Bullseye.

Goliath said these coincident geochemical and geophysical anomalies indicate the presence of a large porphyry system at depth and provides for multiple strong drill ready targets for an inaugural drill program planned for 2018.

Located about 2 miles (3 kilometers) off a major highway and 25 miles (40 kilometers) north of Terrace, Prosperity Bullseye is a prospective porphyry target in a world-class geological setting with road access and close proximity to major infrastructure.



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