Here we go again! Goliath Resources (WKN A2P063 / TSXV GOT) is mobilizing crews and equipment for the new drilling season – and the largest drill program to date on the Golddigger project at 40,000 metres! Nine (!) drill rigs will be in action, this time focusing exclusively on the already spectacular Surebet gold discovery!
Last year’s highly successful drilling campaign in particular has provided Founder & CEO Roger Rosmus’ company with a large amount of data that has helped to significantly improve the understanding of this large gold mineralizing system, which remains open for expansion in all directions.
Goliath Resources, which is extremely well-funded from warrant exercises, is now planning a systematic drilling campaign to map the Surebet geometry in detail and, above all, to further map the extent of the system laterally and at depth.
In Focus: the Mother Lode!
Goliath has already drawn up a drilling plan that includes various goals. At the forefront of this is the company’s search for the intrusive gold source that is responsible for the formation of the high-grade system, the so-called Mother Lode.
Hardly less exciting, in our view, is that the company will investigate 13 additional Eocene intrusive granitoid dykes -that have never been drill tested for mineralization. The 2024 season also showed that these feeder dykes could be more than just interesting. Last year, Goliath reported, among other things, that the best drill hole in such a dyke (GD-22-58) returned two separate mineralized intervals of up to 12.03 g/t gold equivalent (11.84 g/t gold and 15.61 g/t silver) over a width of 10.00 metres!
This will be supplemented by infill drilling, which the company intends to use to significantly increase the density of drill holes that successfully intersect the known, layered gold mineralization veins. Particular attention will be paid to the areas with the highest grades in the Bonanza and Surebet Zones.
And last but not least, Goliath wants to use its monster of a drilling program to extend the known veins of mineralization laterally and to depth where there is still potential for growth!
Re-examination of existing drill cores restarts 2025 work program
In addition, a re-logging of highly prospective, existing drill core will be initiated at the start of exploration campaign, including drill core from 50 holes that encountered Eocene intrusive granitoid dykes from 2021 to 2024 (total length 2,062 meters). In 2024, as mentioned, Goliath had re-assayed 13 holes in the same series of Eocene intrusive granitoid feeder dykes , of which six holes contained visible gold (visible to the naked eye) and returned up to 12.03 g/t AuEq over 10 meters (true width).
Conclusion: Goliath Resources has an “extremely robust” balance sheet and intends to use this to embark on the largest drilling campaign in the company’s history. Nine drills will put 40,000 meters exclusively into the Surebet discovery area, leveraging the company’s findings not only from last year’s highly successful drilling (92% of holes intersected visible gold that could be seen with the naked eye!) but also from previous years since 2021. Goliath has now created an updated model of the vertically stacked, gently dipping vein system and a series of near-vertical, vein-cutting veins that will help target the higher-grade lodes for expansion of mineralization. It also incorporates the findings of a key study completed in collaboration with the Colorado School of Mines, improving the prospects for success of the drilling now announced even more. No wonder Goliath CEO Rosmus believes that this year’s drilling campaign could be even more successful than the already spectacular drilling in 2024. In any case, we are very excited about the expected strong news flow!
