Goliath Resources (TSXV: GOT) has again intersected high grade gold mineralization at its Surebet Discovery, which is part of the Golddigger property. The company this morning released assay results from a further six drill holes conducted on the property last year.
Highlights from the results include:
- GD-24-247: 7.95 metres of 12.52 g/t gold and 19.20 g/t silver within the Bonanza zone from a depth of 403.55 metres
- GD-24-248: 10.0 metres of 10.53 g/t gold and 22.83 g/t within the Surebet zone from a depth of 308.00 metres
- GD-24-261: 6.00 metres of 7.66 g/t gold and 16.91 g/t silver within the Surebet zone from a depth of 240.00 metres
- GD-24-276: 5.00 metres of 6.19 g/t gold and 3.20 g/t silver within a new stacked vein from a depth of 101.00 metres
- And 5.00 metres of 4.12 g/t gold and 0.57 g/t silver within a new stacked vein from a depth of 379.00 metres
Multiple intercepts of stacked layers with high grade gold have now been confirmed within the Surebet and Bonanza zones, while today’s results also resulted in the discovery of two new stacked gold-mineralized veins. To date 8 stacked gold veins, as well as 7 new stacked gold veins, have been identified to date within an area measuring 1.8 square kilometres. The zone has been determined to be in excess of 1.2 kilometres deep, while remaining open laterally and to depth.
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“Words of wisdom from a brilliant geologist is that all exploration targets start out with big geophysical anomalies or geochemical anomalies that get smaller the more you drill them, whereas mines are different, in that they get better the more you drill them and have pleasant surprises along the way. Evidence that Surebet is progressing in the latter scenario can be seen in the drilling from the 2023 and 2024 drilling seasons,” commented Roger Rosmus, CEO of Goliath Resources.
Assays remain outstanding from 77 drill holes conducted on the property. Drilling this year meanwhile is to focus on expanding mineralization in all directions, including to depth.
Goliath Resources last traded at $2.26 on the TSX Venture.
Information for this story was found via Sedar and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
