Goliath Resources Unveils Ambitious 40,000-Meter Drill Campaign
Exciting Times for Goliath Resources
Goliath Resources is embarking on a groundbreaking journey with its largest drill campaign yet, focusing entirely on the high-grade gold discovery known as Surebet. This campaign aims to cover an impressive 40,000 meters and will utilize nine drilling rigs. The motivation for such an extensive drilling program stems from the encouraging results gained during the 2024 drilling season, which has significantly deepened the understanding of the expansive mineralized system. This mineralized system is known for its potential, remaining open for exploration in all directions.
Strategic Drilling Plans for 2025
The ambitious drill campaign lined up for 2025 is systematic and strategically crafted to meticulously outline the geometry and extent of the Surebet discovery, both laterally and at depth. With every piece of drilling set to concentrate solely on this exciting find, Goliath Resources has formulated a comprehensive drill plan. This plan comprises a variety of crucial testing and relogging initiatives designed to elevate their exploration efforts.
Targeting the Motherlode Gold Source
One of the primary focuses within the drill plan is to target the Motherlode causative intrusive gold source. Additionally, the team will be exploring 13 prospective Eocene intrusive granitoid dykes that previously showed little exploration attention. The infill drilling aims to increase the density of pierce points in the known stacked veins, especially in high-grade areas like the intersection domain between the Bonanza and Surebet Zones. Moreover, Goliath intends to expand the known mineralized veins both laterally and at depth, where they currently remain untested.
Relogging and Assaying Core Samples
At the onset of the 2025 exploration program, core relogging will commence. Goliath has plans to reinspect 50 drill holes from previous years (2021 – 2024), totaling 2,062 meters. Some of these holes intersected the intriguing Eocene intrusive granitoid dykes, which exhibited visible gold in six of the twelve relogged holes. Previous assays from 2024 indicated impressive gold values, reinforcing the potential of these sections of the project.
Highlights of the Surebet Discovery
A summary of the notable findings from the Surebet discovery presents an optimistic outlook for Goliath Resources. Analysis reveals that out of 64 holes drilled in the last year, 59 holes bore visible gold, a remarkable success rate of 92%. Noteworthy results include a high assay from the Bonanza Zone, revealing a stunning 34.52 g/t AuEq over 39 meters. Meanwhile, the best hole drilled in the Eocene intrusive dykes showed two minerally rich intervals reporting up to 12.03 g/t AuEq.
Increased Potential Tonage and Mineralization
The continuing exploration efforts have identified four new mineralized shear zones, vastly enhancing the total tonnage potential within the Surebet discovery. Presently, the area boasts a footprint of 1.8 square kilometers, which is metaphorically the area of over 336 NFL football fields, and remains open for further exploration across all directions. The mineralization within this area extends along a striking 2.1 kilometers, revealing substantial vertical relief.
Solid Foundation for Future Exploration
Through enhanced data collection and comprehensive geological studies, Goliath Resources has gathered a wealth of information necessary for effective exploration planning. With a total of 92,000 meters drilled since 2021 and around 400 pierce points identified on the Golddigger property, the groundwork is set for strategic and effective exploration. This new geological model will guide the forthcoming drill program, increasing confidence in extending the high-grade findings at Surebet.
Promising Metallurgy and Land Package Expansion
Exceptional metallurgy results from gravity and flotation techniques report a gold recovery rate of 92.2%, which does not require harmful chemicals. The attractiveness of this mineralization is also reflected in Goliath’s recent land package enlargement from 66,608 hectares to an impressive 91,518 hectares (226,146 acres), establishing control over 56 kilometers of potential mineral-rich terrain.
Goliath Resources operates from a unique geographical advantage, as the Golddigger Property is located on tidewater, allowing for efficient barge access to critical infrastructure within proximity. The rich history of mineral discoveries in this Golden Triangle region highlights the potential for Goliath’s operations.
About Goliath Resources Limited
Goliath Resources is committed to uncovering precious metals in the renowned Golden Triangle of British Columbia. All ongoing projects are located in secure and favorable geological contexts, highlighting Goliath's proactive approach to mineral exploration. The Company prides itself on attracting strategic investments and partnerships to advance its projects effectively.
Frequently Asked Questions
What is the main focus of Goliath's 2025 drill campaign?
The primary focus will be on the Surebet high-grade gold discovery, aiming to cover a total of 40,000 meters.
How many rigs will be utilized for the drilling?
Goliath will deploy nine drilling rigs for this comprehensive exploration effort.
What discoveries were made during the 2024 drilling season?
In 2024, 92% of the drilled holes contained visible gold, showcasing the high-grade potential of the Surebet mineralization.
What is the estimated gold recovery from the mineralization?
The gold recovery from the Surebet mineralization is estimated at 92.2% using gravity methods, showcasing excellent metallurgical characteristics.
How has Goliath expanded its land package recently?
Goliath has increased its land holdings from 66,608 hectares to 91,518 hectares to enhance exploration opportunities in the Golden Triangle region.
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