{kanada_flagge} It’s rare to see geologist Dr. Quinton Hennigh so excited about success. His sandwich hypothesis for the geometric structure and location of the Surebet discovery on the Golddigger project of Goliath Resources (TSX-V: GOT; FRA: B4IF) looks to be firming up by the results of the second drill hole.
As with the first drill hole, GD21-001, the follow-up drill hole GD21-002, now released, has a significant width of 23 meters on the Surebet Zone of the Golddigger Project and shows the same intense quartz-sulfide veining with an XRF reading showing 5,000+ g/t Silver. GD21-002 intersected mineralization approximately 25 metres north of the first occurrence. A third drill hole from the same drill site is being prepared. It will help determine the true width of the discovery. A total of 5,000 meters of drilling is planned. The objective of the campaign is to follow the high-grade gold-silver zone exposed at surface along a strike of 1,000 meters (1 km) and to a depth of 500 meters.
Dr. Quinton Hennigh, Goliath’s technical advisor, commented, “This second hole confirms the observations from the first hole. The Surebet zone appears to have significant thickness consisting of intense quartz-sulfide vein breccias and stockwork. We are beginning the drill program near the southern end of the exposure. Further south it remains open but is covered by debris. Once we are finished with the third hole from this pad, we will systematically move north to fan the zone along the nearly 1 km strike. This will provide a definitive picture of the continuity and consistency of this robust zone. We then plan to test the zone down dip for further confirmation. We look forward to watching this exciting new discovery unfold.”
“We are very pleased that our maiden 2021 drilling campaign continues to deliver outstanding intercepts of highly mineralized drill core,” said Roger Rosmus, Founder and CEO. “The Cliff deposit is currently being drilled and we believe this may be the origin of a flotation sample already recovered in 2019 that returned 967.99 g/t AuEq or 29.72 ounces per tonne gold and 97.19 ounces per tonne silver.”
XRF measurements indicate more than 5,000 g/t silver
Veins with prominent sulphide enrichments range from drill meters 29.0 to 52.0 meters , with intense quartz-sulphide vein breccias discovered between drill meters 31.4 to 37.0 meters and 40.0 to 40.7 meters: The upper vein breccia, from 31.4 to 37.0 meters, contains >80% quartz, pyrrhotite (magnetic iron sulfide), sphalerite (zinc sulfide), galena (lead sulfide), chalcopyrite (copper sulfide) and bornite (enriched copper sulfide), which are very similar in appearance to the upper vein section of GD21-001; the second vein breccia from 40.0 to 40.7 meters is predominantly white quartz with abundant dendritic black material that, based on Goliath’s portable XRF measurements, has over 5. 000 g/t Ag, which may be native silver.
Both GD21-001 and GD21-002 intersected an area approximately 35 metres below surface of the southernmost Cliff occurrence; GD21-002 intersected mineralization approximately 25 metres north of the first occurrence. The Cliff occurrence returned a flotation sample grading 967.99 g/t AuEq (29.72 oz/t gold, 97.19 oz/t silver) in assays in 2019 and is located 90 metres along strike south of the Lower Waterfall occurrence at 13.05 g/t AuEq over 15.1 metres (true width).
The third hole in the Surebet Zone, GD21-003 (target length 150 metres, 220°/-70°), is being drilled in a southwesterly direction from the same drill site as the first two holes to delineate the geometry (true width and orientation) of the quartz-sulphide veins at Cliff Showing halfway between the previous two holes and approximately 15 metres down dip and also to take a bulk sample for metallurgical work.
Goliath has planned up to 5,000 meters of fan drilling from multiple drill pads to target the extensive gold-bearing quartz-sulfide veins at Surebet both along strike and at depth from surface outcrops at the Lower Waterfall, Waterfall, Main, Central and North Rubble occurrences. Currently, the Surebet zone averages 9.84 meters wide grading 10.68 g/t AuEq (with 7.59 g/t Au) based on 2020 channel samples. Surebet has 500 meters of vertical relief and 1,000 meters of inferred down-dip extent. The project is located in a mining-friendly jurisdiction in a world-class geological setting near Stewart B.C. in the Golden Triangle. Both the Homestake Ridge deposit (Fury Gold Mines) and the Dolly Varden silver mine (Dolly Varden Silver Corp.) are in close proximity.
CONCLUSION: Goliath has barely completed five percent of the planned 5,000 meters of drilling at Surebet, but after just two holes, the exploration model the company has developed with geologist Quinton Hennigh for the current campaign has gained extreme plausibility. Mineralization at Surebet is known to be easily traced at surface. The question has been whether the mineralization is actually consistently trapped in the rock mass like the coating on a sandwich. The initial drilling is in favor of this sandwich theory and suggests that the mineralized zone (the pavement) may be even thicker than was expected from surface. Now, if drill core assays provide values similar to those measured at surface in 2020, Goliath may indeed be at the beginning of a multi-million ounce discovery. Initial high-grade silver values obtained by XRF X-ray analysis appear to be indicative of high-grade mineralization. Samples from the first two holes are already at the lab. Let’s keep our fingers crossed.
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