Goliath Resources Expands Surebet Drilling to 36,000 Meters
High Concentration of Visible Gold Discovered at Surebet
Goliath Resources Limited is excited to share the latest drilling results from its Surebet discovery at the Golddigger Property. This site has revealed the highest concentration of visible gold ever encountered, marking a significant milestone for the company. Drill hole GD-24-260 has not only shown impressive results between 533.90 – 547.00 meters but has opened up exciting potential for further exploration, suggesting that this area may be a key pathway for the gold-depositing fluids.
Expanding the Drilling Program
The remarkable findings from the current drilling campaign have prompted Goliath to expand its program significantly. Originally set for 15,000 meters, the drilling campaign has now expanded to an impressive 36,000 meters, utilizing eight drill rigs. This substantial expansion is supported by a 100% hit rate regarding visible gold across a striking 66% of all holes drilled in 2024, with 22 out of 33 holes reporting visible gold.
New Deep Zone Discovery
A noteworthy development is the discovery of a new deep mineralized zone located an astounding 1,239 meters below the surface. This area displays numerous quartz veins enriched with minerals including chalcopyrite, galena, and sphalerite, indicating further untapped potential. The ongoing drilling in this deep zone continues to uncover exciting results, with assays pending.
Bonanza Zone Developments
Goliath is actively drilling the Bonanza Zone, where recent drilling returns reveal impressive grades, including 34.03 g/t AuEq over 9 meters. The continuity of this high-grade gold horizon being drill tested further substantiates the robustness of the Bonanza Zone. With 21 new holes currently being drilled, further exciting findings are anticipated in the near future.
Increased Land Package
In light of the new discoveries, Goliath has expanded its land package by 28%, increasing its total controlled area to 91,518 hectares. This increase reflects the company's ongoing commitment to exploring and developing mineralization systems that resemble a Reduced Intrusion-Related Gold system. The inclusion of surrounding ground that is amenable to this type of mineralization is a strategic move for Goliath.
Treasure Island Potential
Another area of interest for Goliath is the Treasure Island property, where high-grade quartz-sulfide mineralization has been confirmed through various channel samples. The extensive channel samples recorded up to 28.08 gpt AuEq over a significant 450-meter strike. This area has potential for additional exploration and mineralization as well.
Forward Steps
While the focus remains on the ongoing drilling programs, Goliath is planning additional geological surveys and explorations of coinciding mineralized zones, reinforcing the positive outlook for both Surebet and Treasure Island.
About Goliath Resources Limited
Goliath Resources Limited is at the forefront of exploring precious metals projects in the Golden Triangle of British Columbia. With notable stakeholders and supportive initiatives like CASERM, Goliath is well-positioned for success in the mining industry.
Frequently Asked Questions
What significant discoveries have been announced for Goliath Resources?
Goliath Resources has reported the highest concentration of visible gold at the Surebet discovery and established a new deep mineralized zone below the surface.
How has the drilling program changed?
The drilling program has expanded from 15,000 to 36,000 meters due to promising results observed in over 66% of drilled holes.
What mineralization is present in the Surebet area?
Visible gold, bismuth minerals, chalcopyrite, galena, and sphalerite have been identified, suggesting a strong mineral potential in the area.
Where is the Treasure Island property located in relation to Surebet?
The Treasure Island property is adjacent to the Surebet discovery and has revealed high-grade quartz-sulfide mineralization.
What is the future plan for Goliath Resources regarding exploration?
Goliath intends to continue drilling activities, conduct geological surveys, and explore additional targets surrounding their mining properties to maximize discovery potential.
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