March 07, 2007
Goliath Consortium gains Mining License
for100 Million Tons of Tailings in Zambian Copper
Belt
Vancouver ,
B.C. Canada .Goliath
Resources Inc. (PK: GHRI) announces that a consortium
led by the Company has been issued a Large Scale
Mining License, covering main tailing dumps and
a number of subsidiary sites in the Zambian Copper
belt. The license has been granted for 25 years.
The size of the tailings, covers an
extensive area and are up to 40m high, and exceed
100 million tons . Earlier sampling has shown the
tailings to contain substantial amounts of copper
and cobalt.
The company has commenced the verification
work and surveying the boundaries of the license,
and then plans an immediate Rotary Air Blast shallow
drill program to carry out detailed sampling at
1m intervals on a 200m by 100m grid, with ICP analysis
for elements including copper, cobalt and uranium.
Further announcements will be made as developments
occur.
“We will before long have re-test results in from
our own drilling and sampling. At that stage we believe
the prospect for substantial near-term cash flows
from treatment of the dumps will be evident to everybody.
We are excited and enthusiastic about the scale of
what has been granted. We feel that this will develop
into a major project.” Said Andrew Bell Chairman
Safe Harbor
Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains
forward-looking information within the meaning
of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, including statements that
include the words "believes," "expects," "anticipate" or
similar expressions. Such forward-looking statements
involve known and unknown risks, uncertainties
and other factors that may cause the actual results,
performance or achievements of the company to differ
materially from those expressed or implied by such
forward-looking statements. In addition, description
of anyone's past success, either financial or strategic,
is no guarantee of future success. This news release
speaks as of the date first set forth above and
the company assumes no responsibility to update
the information included herein for events occurring
after the date hereof.
Contact: Goliath Resources
Inc. Scott Rose (604) 688-2280
