FULL DISCLOSURE: Canacom Group is long the equity of Goliath Resources.
Goliath Resources (TSXV: GOT) has substantially increased the size of the 2025 exploration program at their flagship Golddigger property in the Golden Triangle of British Columbia.
The program, originally expected to come in at 40,000 metres of drilling, has now been expanded to an aggregate 60,000 metres, which follows the company earlier this week announcing the expansion of a core relogging program. The expansion is said to be a result of newly discovered visible gold in multiple reduced intrusion related gold dykes and in calc-silicate altered breccia as part of that relogging effort.
The drill program, to be conducted by 9 drill rigs, will focus on expanding the known lateral extent of the Surebet discovery beyond 1.8 square kilometres, as well as outline the geometry of the system to depth and test for the motherlode causative intrusive gold source. As it currently stands, the system remains wide open in all directions. A total of five drill rigs are currently turning on site, with a further four to expected to arrive on site in the near term.
The expanded drill program is fully funded, with the expansion notably following Goliath successfully raising $27 million via a charity flow through financing.
“In the Golden Triangle previous research and exploration had considered Eocene-aged dykes as not prospective for gold deposits. Nonetheless, we discovered gold and molybdenite visible to the naked eye that assayed high-grade gold over a mineable width. To further assess the potential, we sent this core among others to the Colorado School of Mines for analysis. Their work uncovered key geological information about the Surebet discovery that applies to both the stacked gently dipping veins and the vertical RIRG dykes, with a model that they are all coming from a common magmatic intrusion below the valley floor. Their work armed us with the most geological and drill hole data we had ever started a drill season with, and we have hit the ground running in our 2025 season,” commented Roger Rosmus, CEO of Goliath.
Goliath Resources last traded at $2.03 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.
