Drilling Program On New Lorne Creek Au-Cu-Mo Porphyry System

TORONTO - Goliath Resources Ltd. reported on the inaugural diamond drilling program at its newly discovered Lorne Creek Au-Cu-Mo Porphyry system. The porphyry is located within its 100% controlled Lucky Strike Property, located in northwestern British Columbia and in the surrounding area to the Golden Triangle.

Based on the project geologist’s recommendations, the first drill hole was extended to a depth of 718 meters to the maximum depth capability of the drill rig being used, the system remains open. From the surface to a depth of 718 metres, the core from hole one contains widespread sulphides, including key alteration, textures and geologic units consistent with a porphyry system. 

A second drill hole has now commenced with a planned depth of up to approximately 700 meters. The second hole is currently at 135 meters that contains porphyry textures, alteration and widespread sulphides.

The objective of the inaugural drill program is to outline the full extent of this newly discovered Au-Cu-Mo porphyry system. The drill core from hole one is currently being logged and split for shipment to the lab for assays. The results will be released once received, interpreted and compiled. The Lucky Strike Property is 31,511 hectares in size and located 40 kilometers north of Terrace, British Columbia.  It has logging road access and is ~ 8 kilometers to a major highway, power, rail, and additional infrastructure. 

The company’s address is 401 Bay Street, Suite 2702, Toronto, Ontario M5H 2Y4, (416) 488-2887, www.goliathresourcesltd.com.