FULL DISCLOSURE: Canacom Group is long the equity of Goliath Resources.
Goliath Resources (TSXV: GOT) continues to see success under their 2025 exploration program at their flagship Golddigger property in British Columbia. The company this morning released assay results from the program, while announcing a significant expansion to the Bonanza zone.
Drilling has been completed across 25,000 metres under the current program, with those metres spread across a total of 34 holes. 81 holes remain to be drilled under the program, for a further 35,000 metres at Surebet. 9 rigs are currently actively drilling, all of which is focused on the Surebet discovery. To date, 100% of drill holes conducted under the current exploration program have encountered gold mineralization.
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Highlights from the recent results include:
- GD-25-302: 2.26 g/t gold over 19.00 from a depth of 121.00 metres within the Bonanza Zone
- Including 6.28 g/t gold over 6.00 metres
- And 1.59 g/t gold over 16.00 metres from a depth of 99.00 metres within the Bonanza Zone
- GD-25-314: 2.25 g/t gold over 4.0 metres from a depth of 315.00 metres within the Bonanza Zone
- GD-25-317: 3.17 g/t gold over 18.73 from a depth of 443.00 metres within the Bonanza Zone
- Including 5.10 g/t gold over 11 metres
- And 3.64 g/t gold over 9.40 metres from a depth of 352.00 metres within the Surebet Zone
“With 100% of drill holes completed this year intersecting mineralization, as well as 94% of the holes containing gold visible to the naked eye, we are on track to complete the most ambitious drill program on Surebet to date with 25,000 meters completed and 35,000 meters to go for a total of 60,000 meters that is fully funded. We are looking forward to releasing additional assay results and updating the gold-equivalent (AuEq) hole results as they become available,” commented Roger Rosmus, CEO of Goliath Resources on the results.
WATCH: Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources
Assay results from hole GD-25-302 are said to have extended the Bonanza Zone by 150 metres to the south, with the zone as a whole now measuring 1.1 kilometres in length while remaining wide open, increasing the resource potential.
High grade gold mineralization has now been confirmed within three rock packages at the Surebet discovery, including gold-rich mineralized stacked veins, intermediate to felsic Eocene-aged RIRG dykes that crosscut the veins, and broad zones of calc-silicate altered breccia. All three packages are said to be wide open while containing substantial amounts of visible gold, suggesting a Motherlode magmatic causative source is present at depth.
Assays remain pending from further drill holes.
Goliath Resources last traded at $2.40 on the TSX Venture.
FULL DISCLOSURE: Goliath Resources is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Goliath Resources. The author has been compensated to cover Goliath Resources on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.
