Goliath Resources (TSXV: GOT) on Wednesday said they have expanded two of the largest zones at its Surebet gold discovery, stretching the Bonanza Zone by 750 metres and the Golden Gate Zone by 600 metres after initial drilling in the southwest of the system in the Golden Triangle of British Columbia.
The step-out intercepts extended Bonanza to the southwest, giving it a strike of 1.8 kilometres northwest-southeast and 1.8 kilometres northeast-southwest. Golden Gate grew 400 metres to the south and 200 metres to the north, and now runs 1.6 kilometres east-west and 1.5 kilometres north-south. Both zones remain open, and assays are still pending.
Core from the expanded Bonanza carries sphalerite and pyrrhotite across wide intervals of sheared quartz-sulphide breccia. At Golden Gate, the new ground is marked by veins and veinlets hosted in andesitic volcanic rock, mineralized with gold visible to the naked eye alongside sphalerite, galena and pyrrhotite.
Ten of 107 planned holes have been finished so far this year, for 4,983 metres drilled. Six of those first ten carried visible gold. Every hole in the campaign has hit quartz-sulphide mineralization, which the company says generally corresponds to high grade gold.
“Our 2026 drilling campaign is off to a strong start, with two key goals in mind: 1) extensively drill the area where Surebet, Bonanza and Golden Gate meet (hinge zones), [..] and 2) explore and drill test new areas that expand the currently known extent of the mineralization,” said founder and chief executive Roger Rosmus.
Goliath has five rigs turning and expects to have seven shortly. The fully funded program is designed to cover roughly 50,000 metres, expanding mineralization laterally and at depth while testing for a possible magmatic feeder source beneath the system.
Since the discovery, the company has drilled more than 156,000 metres with a full hit rate, logging visible gold in 92% of holes.
Goliath Resources last traded at $1.28 on the TSX Venture.
