Goliath Resources Unearths Significant Gold at Surebet Discovery

Exciting Developments at Goliath's Surebet Discovery

Goliath Resources Limited is making impressive strides in its exploration efforts at the Surebet Discovery, a part of its Golddigger Property, located in the famed Golden Triangle region. The latest drill results from hole GD-25-302 unveiled abundant visible gold within a lengthy 96.50-meter mineralized interval, marking a significant milestone for the project. This interval, extending from 89.50 meters to 186.00 meters, was discovered in a setting rich with sulfide-bearing calc-silicate veins embedded in altered andesite, characterized by dense veining. This exploratory drill is currently ongoing, with the objective to delve down to a depth of 1,000 meters to examine a magnetic anomaly believed to potentially connect with the Motherlode magmatic source that contributes to the area’s renowned high-grade gold deposits.

Drill Hole GD-25-302 and Its Implications

This new drill hole, GD-25-302, takes a 420-meter step out to the east from a previously drilled hole, GD-24-260, which represents the highest grade gold interval found on the Surebet to date. The results from GD-24-260 revealed exceptional values, assaying 34.52 g/t AuEq, equivalent to 1.11 oz/T AuEq, over a span of 39.00 meters. This included astonishing intervals of 132.93 g/t AuEq over 10.00 meters and even stronger results of 166.04 g/t AuEq over 8.00 meters. Such results reiterate the extensive and rich vein of high-grade gold within the Surebet area, which remains open for further exploration and confirmation of additional mineralization.

Expansion of the Bonanza Zone

As the visual appeal of gold becomes increasingly visible in GD-25-302, it significantly broadens the Bonanza Zone's high-grade gold mineralization footprint towards the east. This geographic expansion marks a strategic priority for Goliath Resources, as they aim to enhance the Bonanza Zone during the upcoming drill campaigns set for 2025.

Plans for a Robust 2025 Drill Campaign

Goliath's ambitious drilling plans for 2025 have expanded to cover 60,000 meters, up from an initial estimate of 40,000 meters, all directed towards the Surebet Discovery. This campaign will deploy nine drill rigs focusing on the comprehensive exploration of Surebet’s geology. The goals include:

• Testing for the Motherlode magmatic intrusive gold source, a potential game changer.
• Evaluating additional Eocene-aged dykes observed at the surface that have yet to be drilled.
• Infill drilling to increase the density of pierce points in known high-grade vein structures, particularly at the Bonanza Zone.
• Investigating so-called Goldilocks zones where RIRG dykes and gently dipping veins intersect, enhancing the mineral enrichment potential.
• Expanding the mineralized veins both laterally and in depth, where they remain open, indicating significant exploration upside.

Surebet Discovery Highlights

• Out of 64 holes drilled in the previous year, 60 demonstrated visible gold, confirming high-grade mineralization across the board.
• The most notable past drill, GD-24-260, stands out with an impressive assay value, further reaffirming the area's potential.
• Newly identified shear zones and dykes contribute to the increasing tonnage potential of the Surebet system.
• The overall footprint of mineralization at Surebet is an impressive 1.8 sq km, comparable to over 336 NFL football fields, with the discovery remaining open in all directions.
• The location boasts remarkable topographical features allowing for significant mineral exposure, enhancing exploration opportunities.

About the Golddigger Property

The Golddigger Property, comprising 91,518 hectares, is strategically situated within the highly mineralized Eskay Rift region. It sits close to significant historical gold mining sites and is designed for robust exploration of its geological features. Goliath's control over significant land in this area opens up extensive opportunities for potential resource discoveries as geological conditions are conducive for hosting precious metal deposits. The property also provides excellent logistic access, with barge routes to Prince Rupert and neighboring communities, enhancing operational efficiencies.

Frequently Asked Questions

What recent developments have occurred at the Surebet Discovery?

Recent drilling has revealed visible gold in drill hole GD-25-302, significantly extending the mineralized area at Surebet.

How does GD-25-302 compare to previous drilling?

GD-25-302 shows striking similarities to GD-24-260, which had the highest grade gold interval recorded to date at Surebet.

What are the future plans for drilling at Surebet?

Goliath plans a substantial 2025 campaign of 60,000 meters of systematic drilling to further explore the Surebet Discovery.

How is the Golddigger Property positioned for mineral exploration?

The property is located in a renowned area rich in mineral resources and has logistical advantages for exploration operations.

Who can be contacted for more information about Goliath Resources?

Mr. Roger Rosmus, Founder and CEO, is the contact person for inquiries regarding Goliath Resources Limited.

About The Author

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