It looks like Goliath Resources shareholders could be in for a really hot summer! After the Canadian gold explorer recently announced the first very positive results of its exploration and drilling program at its Surebet gold discovery, the next extremely promising news is now coming from British Columbia!
As Goliath (WKN A2P063 / TSXV GOT) announced that 96.50 metres of mineralization was encountered in drill hole GD-25-302 – between 89.50 and 186.00 metres depth within sulphide-rich calcium silicate veins in altered andesite with high vein density – which contained visible gold, discernible with the naked eye in six (!) places! (Assay results are still pending.)
Drilling has not yet been completed for this hole. It is the first deep drill hole of the 2025 season, which is to penetrate to a depth of 1,000 meters. The aim is to test an area that Goliath geologists believe has great potential to host the “Motherlode” magmatic source responsible for the Surebet discovery covering – so far proven – 1.8 square kilometers in area and 1.2 kilometers of vertically stacked veins of high-grade gold mineralization!
Great similarity to Goliath Resources’ highest-grade gold drill hole to date
Hole GD-25-302 is a step-out hole drilled 420 meters east of hole GD-24-260, the hole with the highest gold grades discovered to date on the Surebet Discovery. GD-25-302 is very similar looking to this successful hole, which Goliath drilled that assayed 34.52 g/t gold equivalent (AuAq) consisting of 34.47 g/t gold and 3.96 g/t silver over 39.00 meters! This included 132.93 g/t AuEq over 10 meters and as much as 166.04 g/t AuEq over 8.00 meters. All of this within an interval consisting of altered andesite with significant quartz-sulphide veining. This, according to the company, confirms that Surebet’s high-grade gold mineralization remains wide open.
And this new intercept in GD-25-302 rich in visible gold significantly extends the extent of the high-grade gold mineralization of the Bonanza zone to the east. A good start then, as drilling to extend the Bonanza Zone is a big part of the company’s 2025 drilling campaign!
Newly tested intrusive granitoid veins prove to be high-grade
Goliath has also already begun releasing the results of re-assayed drill core from holes drilled between 2021 and 2024. This included a new interval from drill hole GD-22-64 that contained visible gold seen with the naked eye that assayed 6.31 g/t AuEq over 14.35 meters, including 11.36 g/t AuEq over 7.85 meters.
This is an intrusive vein (Reduced Intrusion Related Gold or RIRG) that Goliath believes is directly related to the Motherlode magmatic source of the high-grade Surebet system. The company has since discovered numerous instances of visible gold in a further seven RIRG dykes. (See sidebar) However, the assay results are still pending.
Goliath has recently significantly expanded its previous 40,000-meter campaign by 50% to 60,000 meters of systematic drilling. Nine drill rigs will define the complete geometry and extent of the Surebet discovery laterally and to depth. The entire drilling program of the current season is planned for this purpose.
The visible gold reported in today’s drilling is an exciting development as it demonstrates the ongoing expansion of the Surebet high-grade gold system and provides further strong evidence that this is a robust system that remains open in all directions.
Goliath founder and CEO Roger Rosmus particularly emphasizes the great similarity of the new hole to the highest-grade gold hole on the project to date. Taken together with the new understanding of the gold-bearing RIRG dykes, this reinforces the team’s confidence in the concept of a magmatic source as the Motherlode of the high-grade gold system.
Mr. Rosmus continued, “Our significantly expanded and fully funded 2025 drill program is strategically designed to further unlock the growing potential of our discovery. With over 300 holes already drilled, it is noticable that we continue to expand the gold system and have found high-grade gold mineralization in three distinct rock packages. Although we continue to make new gold discoveries and our theory of the gold system continues to evolve, it is becoming increasingly clear that the gold mineralization must come from a large and powerful source.”
