FULL DISCLOSURE: Canacom Group is long the equity of Goliath Resources.
Goliath Resources (TSXV: GOT) has encountered substantial gold mineralization within the first relogged hole from past drilling conducted at the Surebet Discovery. The discovery follows an effort by Goliath to reexamine portions of certain drill holes that were drilled from 2021 through 2024.
Highlights from the results include:
- GD-22-64: 14.35 metres of 6.31 g/t gold equivalent (6.26 g/t gold, 3.63 g/t silver, 0.02% zinc) from a depth of 271.65 metres
- Including 7.85 metres of 11.36 g/t gold equivalent (11.29 g/t gold, 6.03 g/t silver, 0.01% zinc) from a depth of 274.15 metres
The intercept follows prior reports that visible gold had been identified across a 26.47 metre interval in hold GD-22-64 within an intermediate granitoid reduced intrusion related gold feeder dyke. The hole is first of multiple holes containing visible gold to be assayed in 2025, with this hole believed to be directly related to the causative intrusion responsible for extensive high-grade gold mineralization at Surebet that currently remains wide open.
The relogging effort of 2025 has been a major success for Goliath so far to date, with seven additional holes now having been confirmed to contain visible gold in portions of core that were never sampled for assay. The success of the program has resulted in an expansion to the effort, with the program now set to relog 75 holes this year, as compared to the prior 50 hole target.
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Highlights from recent visible gold identification include:
- GD-21-09: 1 occurrence at a depth of 137.80 metres downhole. An interval of 12.25 metres was sampled.
- GD-22-102: 4 occurrences over 9.99 metres from a depth of 48.72 metres. An interval of 27.00 metres was sampled. An additional occurrence occurred at a depth of 121.3 metres, with an interval of 70 metres sampled.
- GD-24-244: 1 occurrence at a depth of 109.76 metres downhole. An interval of 61.57 metres was sampled.
- GD-24-254: 1 occurrence at a depth of 278.90 metres downhole. An interval of 96.40 metres was sample. An additional occurrence occurred at a depth of 348.15 metres, with an interval 49.30 metres sampled.
- GD-24-267: 1 occurrence at a depth of 62.04 metres downhole. An interval of 57.19 metres was sampled.
- GD-24-277: 1 occurrence at a depth of 116.80 metres downhole. An interval of 36.00 metres has been sampled.
- GD-24-280: 7 occurrences over 11.86 metres from 100.48 to 112.34 metres downhole. An interval of 55037 metres has been sampled.
The effort comes amid a large 40,000 metre drill program planned by Goliath. The program aims to outline in detail the full geometry of the Surebet discovery both laterally and to depth. Over 92,000 metres of drilling has occurred to date at the discovery, with over 400 pierce points.
“These latest results from Surebet are incredibly exciting and further validates our geological model for a robust, district-scale mineralizing system. The discovery of new high-grade intercepts within the feeder dykes, coupled with the widespread visible gold in our re-logging program and the identification of new mineralized host rocks like the calc-silicate breccia, confirms the excellent additional discovery potential of gold mineralization,” commented Roger Rosmus, CEO of Goliath Resources.
Goliath Resources last traded at $2.17 on the TSX Venture.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Goliath Resources. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
