Excellent Prospects for 2025
On the Golddigger project in the Canadian province of British Columbia, Goliath Resources (WKN A2P063 / TSXV GOT) drilled the best hole ever on this exceptional project in the Golden Triangle last year. Over a length of 39 meters, 34.52 g/t gold equivalent was detected, as the company just announced! At its peak, the gold content even rose to 132.93 g/t over 10.00 meters. As the other drill holes also intersected high-grade gold mineralization, further evidence was provided for the recently published massive expansion of the Bonanza gold zone.
Although the 2024 drilling season was exceptionally short for Goliath Resources, lasting only three months, 105 holes were drilled. 89 of them are still in the laboratory for evaluation. However, the 16 drill cores already analyzed are striking, as Goliath has once again achieved great success. Just last week, the company reported that the area of the Bonanza high-grade gold zone could be nearly doubled through the drilling conducted. An approximately triangular area of 180,000 m² was expanded to 341,000 m². However, this is not the end of the line, as the zone remains open in several directions.
The drilling results presented this week not only confirm this enormous expansion of the mineralized zone, but they do so with a bang, as GD-24-260 is the best hole ever drilled on the Golddigger project last year by Goliath Resources. Over a length of 39 meters, 34.52 g/t gold equivalent was detected. At its peak, the gold content rose to 132.93 g/t over 10.00 meters. Over 8.00 meters, the gold equivalent content within this zone even increased to 166.04 g/t (165.84 g/t gold and 16.07 g/t silver).
Thus, the laboratory results confirmed the visual findings that had already emerged during the ongoing drilling, as the hole showed the highest concentration of visible gold observed in the drill cores to date. Located just 200 meters below the high-grade Surebet zone, the Bonanza zone is also developing into a high-grade gold zone. In addition to gold, the mineralized rock also contains silver, bismuth, and tellurium.
A systematic drilling program must now confirm and expand on the successes of 2024
Against this outstanding background, the remaining results of the newly evaluated drillings may seem a bit ‘weak’ at first glance. However, they are by no means weak. On the contrary, many explorers would be happy to present drilling results like these.
More important than a single drill hole, however, is always the overall finding, and this increasingly shows that the significant enlargement of the mineralized areas is based on very reliable assumptions. What is needed now, however, is a systematic drilling program that confirms the expansion of the mineralization zones and provides more clarity about the structure of the veins and their sources. This simultaneously sets the direction for 2025, as Goliath’s geologists will now focus on setting up this drilling program and determining the optimal locations for future drilling.
Goliath Resources intersects overlapping veins in multiple drill holes
With drill hole GD-24-275, Goliath Resources intersected two separate, overlapping veins with high-grade gold, silver, and base metals. They are characterized by sulphide-rich quartz breccias and correspond to the mineralization discovered in the Surebet and Bonanza zones. In the Surebet zone area, 5.00 g/t gold equivalent (4.88 g/t gold and 9.94 g/t silver) over 6.00 meters, including 6.67 g/t gold equivalent (6.60 g/t gold and 13.07 g/t silver) over 4.42 meters were intersected. In the Bonanza zone area, 12.01 g/t gold equivalent (11.70 g/t gold and 25.66 g/t silver) over 11.00 meters, including 16.48 g/t gold equivalent (16.05 g/t gold and 35.03 g/t silver) over 8.00 meters were intersected.
With borehole GD-24-252, Goliath Resources intersected two more separate, overlapping veins with high-grade gold, silver, and base metals. They belong to the Bonanza and Golden Gate zones and exhibit sulphide-rich quartz breccias. In the Bonanza Zone area, 5.25 g/t gold equivalent (5.13 g/t gold and 9.46 g/t silver) were intersected over a length of 10.97 meters. This included a higher mineralized section with 5.74 g/t gold equivalent (5.61 g/t gold and 10.23 g/t silver) over 8.95 meters. In the Golden Gate Zone area, the drill intersected 5.00 meters with 3.99 g/t gold equivalent (3.94 g/t gold and 4.46 g/t silver). It is also pleasing that both zones remain open.
Drill hole GD-24-242 intersected three separate stacked veins with high-grade gold, silver, and base metals. The mineralizations correspond to the sulphide-rich quartz breccias of the Surebet, Bonanza, and Golden Gate zones and also remain open. In the Surebet Zone, 5.08 g/t gold equivalent (4.99 g/t gold and 7.29 g/t silver) were intersected over 10.85 meters. This included a higher mineralized section with 8.41 g/t gold equivalent (8.26 g/t gold and 12.35 g/t silver) over 5.46 meters. Within the Bonanza Zone, 2.11 g/t gold equivalent (2.09 g/t gold and 1.71 g/t silver) were encountered over 2.19 meters, within five meters with 1.11 g/t gold equivalent (1.10 g/t gold and 1.21 g/t silver). In the Golden Gate Zone area, this borehole showed an additional 5.56 g/t gold equivalent (5.26 g/t gold and 24.61 g/t silver) over 4.11 meters.
Excellent Prospects for 2025
There are not many exploration companies that can show such spectacular and, above all, such consistent drilling results as Goliath Resources can. To date, 243 drill holes have been sunk and evaluated on Surebet. They intersected mineralized zones with a fantastic rate of 100 percent, and 106 of them showed coarse visible gold. Last year, this proportion was particularly high with 59 out of 64 drill holes or a rate of 92 percent.
The factors of luck and chance can thus be ruled out. Instead, it must be noted and recognized that the ore bodies of the Golddigger project not only represent a world-class high-grade gold discovery but also prove to be very continuous and very predictable.
This should actually make any investor who takes on the risk of investing in gold exploration salivate, because of the 105 drill holes that have been sunk in recent weeks and months, only 16 have been evaluated so far. This means that the results of 85 percent of all drilling are still pending. If that doesn’t make you want more, what does?
