FULL DISCLOSURE: Canacom Group is long the equity of Goliath Resources.
Goliath Resources (TSXV: GOT) continues to intersect high grade gold mineralization. The company this morning announced further assay results from their Surebet Discovery, including the highest grade intercept within a third distinct rock package encountered at the Discovery.
Highlights from the results include:
- GD-24-277: 12.16 g/t gold over 6.00 metres from a depth of 114.00 metres
- Including 18.22 g/t gold over 4.00 metres from a depth of 115.00 metres
- GD-25-318: 11.03 g/t gold over 5.70 metres from a depth of 341.00 metres
- GD-25-334: 6.85 g/t gold over 6.00 metres from a depth of 413.00 metres
- GD-25-337: 10.60 g/t gold over 22.82 metres from a depth of 113.00 metres
- Including 15.19 g/t gold over 15.71 metres from a depth of 120.11 metres
- And 36.11 g/t gold over 3.08 metres from a depth of 132.74 metres
- GD-25-343: 10.08 g/t gold over 5.00 metres from a depth of 612.00 metres
The headline drill hole, GD-25-337, notably had two separate intervals of gold mineralization, 10.60 g/t gold over 22.82 metres from a depth of 113.00 metres, and 36.11 g/t gold over 3.08 metres from a depth of 132.74 metres. The hole intersected the andesite unit, which is below the Bonanza Zone and contains multiple occurrences of visible gold that is hosted within a zone of dense calc-silicate veins.
The assay results for the hole notably contain gold only, with further results to be provided for silver, copper, zinc and lead, is said to be approximately true width. Hole GD-25-337 is also the ninth hole at Surebet that has returned greater than 200 grams*metres.
READ: Goliath Resources Assays 8.31 g/t Gold Over 23 Metres In Third Rock Package At Surebet
“The more we drill at the Surebet the better it gets with pleasant surprises along the way, which is a good rule of thumb about how new discoveries can become future mines. Most notably, the Surebet Discovery has widespread drill holes with gold visible to the naked eye and several containing high gram x meter assays. It is becoming abundantly clear to our team that Surebet is emerging as the most important grassroots high-grade gold discoveries in the Golden Triangle of British Columbia since the Eskay Creek discovery,” commented Goliath Resources CEO Roger Rosmus.
High grade gold has been discovered across three distinct rock packages at the Surebet Discovery, all of which contain substantial amounts of visible gold and remain wide open for expansion. The three rock packages are said to confirm the presence of a Motherlode magmatic source at depth, which is a causative intrusion responsible for the extensive 1.8 square kilometre high-grade gold system at Surebet.
The 60,000 metre ongoing drill campaign at the larger Golddigger property has now seen 65 holes completes across 45,000 metres, with 50 holes remaining to be conducted. Nine rigs are currently actively drilling on site, with assay results now released on just 7 of the 115 planned holes for the 2025 program. 62 out of 65 holes drilling so far under the current program meanwhile have encountered visible gold, and 100% of the holes have intersected substantial quartz-sulphide mineralization.
Goliath Resources last traded at $2.15 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.
