Goliath Resources (TSXV: GOT) has released assays from five holes conducted at its Golddigger property in the Golden Triangle of British Columbia. All were said to have intersected widespread visible gold occurrences.
Highlights from the results include:
- GD-23-161: 5.32 g/t gold equivalent over 3.83 metres, 4.80 g/t gold equivalent over 3.00 metres, and 4.09 g/t gold equivalent over 4.00 metres
- GD-23-165: 5.42 g/t gold equivalent over 6.00 metres
- GD-23-180: 65.00 g/t gold equivalent over 7.90 metres
- GD-23-184: 3.68 g/t gold equivalent over 3.00 metres
- GD-23-203: 6.52 g/t gold equivalent over 3.00 metres, 5.16 g/t gold equivalent over 4.00 metres, and 6.84 g/t gold equivalent over 3.00 metres
Hole GD-23-180 is said to represent the highest grade interval intersected on the property to date, with a 513 gram*meter gold equivalent result. The interval was hit within the Bonanza Shear, with multiple visible gold grains up to 11 millimetres in length intersected in the hole.
READ: Goliath Resources Nearly Doubles Size Of Drill Program While Securing Investment From Rob McEwen
Based on the preliminary data from the 2023 drill program, combined with the 2021-2022 drill results, the company has now expanded the models for several of its zones. Expansions include:
- Golden Gate Zone has been modeled to be over 1.1 million cubic metres with grade definition pending based on pending assays.
- Surebet Zone has been modeled to over 5.5 million cubic metres, based on an average intersects of 6.88 metres at 6.31 g/t gold equivalent.
- Bonanza Shear has been modeled to over 25.0 million cubic metres, an increase from 13.0 million cubic metres.
The three zones remain open for expansion, with assays still pending on 110 holes that were drilled at the property in 2023.
Goliath Resources last traded at $0.69 on the TSX Venture.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
