Still Enormous, Untapped Expansion Potential

The Canadian gold explorer Goliath Resources (WKN A2P063 / TSXV GOT), which loyal Goldinvest.de readers have known for years, has become one of THE high flyers in the industry in recent weeks. Rising gold prices, repeated support from major investors, and not least, consistently strong drilling results have recently led Goliath to a five-year high.

Once again, Goliath presented analysis results from drilling conducted on its Surebet discovery, which many other explorers would probably be eager to have! The company led by CEO Roger Rosmus encountered numerous sections with stacked layers in the recently reported drill holes, dating from 2024, showing high-grade gold mineralization with up to 10.91 g/t gold equivalent (AuEq) (10.53 g/t Au and 22.83 g/t Ag) over 10.00 meters, including 15.51 g/t AuEq (14.99 g/t Au and 31.10 g/t Ag) over 7.00 meters, in the Surebet and Bonanza zones.

But that’s not all, Goliath also reported similar mineralized sections from two new, overlapping gold-mineralized veins. This once again demonstrates the consistently high grades and thicknesses of the gold mineralization layers in the Surebet zone, which are now vertically stacked over 1.2 kilometers and extend over an area of 1.8 square kilometers. And the Surebet discovery, according to Goliath Resources, is still wide open for growth…

100% Hit Rate and Enormous Expansion Potential

With this, the company has now proven gold mineralization with all 243 drill holes, some of which are far apart. In the mentioned 1.8 km2 area, Goliath has identified eight known and seven new stacked gold veins and confirmed them with drilling results. The confirmation of multiple overlapping gold veins and widespread gold-rich reduced intrusion dikes within the area to a depth of >1.2 km, remaining open both laterally and at depth, confirms the continuity of the thicknesses and grades of Surebet and shows that this world-class gold system has enormous additional untapped expansion potential!

Goliath has achieved all this within a net period of just 15 months – the time they were actually able to spend on the project due to weather conditions. In doing so, they were able to demonstrate the continuity and predictability of the extensive mineralization system. In particular, the confirmation of high gold grades in the recently discovered RIRG (Reduced Intrusion Related Gold) system with significant amounts of visible gold, bismuth and molybdenum mineralization could, according to Goliath, significantly increase the size potential of the Surebet discovery once again.

Apart from the consistently excellent drilling results, Goliath Resources has also already conducted initial metallurgical tests on material from Surebet. After all, without an economic recovery rate, even the highest gold grades are of little use. And here too, success could be reported, achieving exceptional gold recovery rates of 92.2% using gravity separation and flotation.

Results from 77 Drill Holes Still Pending

The compilation, interpretation, and modeling of samples for an additional 77 drill holes is already underway, and Goliath will soon announce further analysis results: from 39 holes drilled in 2024 (33 with visible, abundant visible gold and/or coarse visible gold), 12 holes drilled into the reduced intrusion dikes in 2021–2023 (five with visible, abundant visible gold and/or coarse visible gold), 14 from newly surveyed shoulders from 2021–2023 (three showing visible and/or abundant visible gold) and 12 from VMS-style mineralization on Treasure Island, 40 kilometers north of the Surebet discovery.

This year, Goliath Resources will focus on expanding the stacked layers of high-grade gold mineralization distributed over 1.2 vertical kilometers, which remain open in all directions, including at depth. Additionally, they want to further approach the RIRG system, which they suspect at depth and which Goliath geologists believe to be the source of the massive, high-grade mineralized Surebet discovery!

According to the company, the 2024 drilling campaign has moved them past the high-risk exploration phase. Goliath Resources believes that the work and drilling planned for 2025 represent the beginning of a low-risk expansion phase. Essentially, it’s now ‘just’ a matter of determining the true extent of the Surebet discovery.