FULL DISCLOSURE: Canacom Group is long the equity of Goliath Resources.
Goliath Resources (TSXV: GOT) has begun mobilization for what will be the largest drill program in its history. The program has been designed to focus entirely on the Surebet high-grade gold discovery to follow up on the successful program conducted in 2024.
The 2025 drill program is set to consist of 40,000 metres of drilling that will be conducted by nine drill rigs. A total of 91 drill holes are planned, which will be drilled from 26 drill pad locations. The program will aim to systematically drill test the full geometry and extent of the Surebet discovery both laterally and to depth.
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A number of goals have been established in connection with this plan, including testing for the motherlode causative intrusive gold source, drill testing 13 potential Eocene intrusive granitoid dykes that haven’t been previously drilled, infill drilling on the known stacked veins, and expanding the known mineralized veins laterally and to depth. The larger exploration program will also see the relogging of 50 holes that intersected Eocene intrusive granitoid dykes in drilling conducted from 2021 through to 2024.
READ: Goliath Resources Exploring Options For Exploration Adit At Surebet
“With an extremely robust balance sheet in hand, we have mobilized for our largest drill campaign to date totaling 40,000 meters with 9 rigs that is entirely focused on our exceptional Surebet high-grade gold system discovery located within our 100% controlled Golddigger Property. In preparation for this years drill program, we have completed an updated model of our vertically stacked gently dipping vein system, and series of near vertical dykes intersecting the veins that will help us target the higher grade lodes for expansion,” commented Roger Rosmus, CEO of Goliath, on the planned program.
“Our first order of business upon our geological team arriving in Kitsault, is to relog core from 50 drill holes from 2021 – 2024 totaling 2,062 meters that intersected our Eocene dykes, then prepare them to be sent for assaying as well as start building drill pads. Shortly afterward, we will be ready to hit the ground running with getting drill rigs on the mountain turning.”
The 2025 program is set to follow up on a successful 2024 program, which saw 59 out of 64 holes drilled contain visible gold. Drilling within the shear zones produced results as strong as 34.52 g/t gold equivalent over 39.00 metres in hole GD-24-260, while relogging of holes drilled in Eocene feeder dykes returned assays with values as high as 12.03 g/t gold equivalent over 10.00 metres, which was intersected in hole GD-22-58.
Four new mineralized shear zones were also identified under last year’s exploration program, with Surebet now known to comprise of at least 12 vertically stacked gold-mineralized veins. Those veins extend vertically for at least 1.2 kilometres, while the footprint of mineralization at Surebet is now known to cover at least 1.8 square kilometres.
Goliath Resources last traded at $2.01 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.
