Goliath Resources: ‘Phenomenal’ Continuity of High-Grade Gold Mineralization

Steady Growth of the Deposit

On Tuesday this week, Goliath Resources (WKN A2P063 / TSXV GOT) reported the results from five drill holes of its 2024 field season on the Golddigger property in the Golden Triangle of British Columbia. Drill holes GD-24-262, GD-24-272, and GD-24-273 confirm the expansion of the high-grade Bonanza Gold Zone from 180,000 m² (720 x 612 x 410 m) to 341,000 m² (835 x 685 x 612 x 410 m), which also remains open for further expansion. The results from 96 of the 105 drill holes are still pending.

Map of the potentially high-grade Bonanza Zone in trapezoidal shape — Map of the potentially high-grade Bonanza Zone; Source: Goliath Resources

CEO Roger Rosmus highlights in his comments the impressive high-grade nature of the drilled mineralization and the ‘phenomenal’ continuity of gold mineralization, as well as occurrences of visible gold in 92% of the 2024 drill holes (compared to 32% in 2023). According to Goliath’s CEO, stacked vein systems dipping in opposite directions could indicate two sources more than 2,000 meters apart, but also a large source underlying the various mineralization zones. Rosmus points to the continuous improvement and growth of the discovery, prompting him to compare Golddigger with projects that have already become mines.

High-Grade Bonanza Gold Zone

During the three-month 2024 season, the Bonanza Zone was redefined from a triangular to a rectangular area. All 64 drill holes drilled there intersected significant mineralization, and 59 of these holes contained visible Gold, according to the company.

Particularly notable drill results:

GD-24-262 (Goldsmith Pad):
Surebet Zone: 32.67 g/t AuEq over 4.0 m, including 130.14 g/t AuEq over 1.0 m.
Bonanza Zones 1-3: Highlights include 39.34 g/t AuEq over 2.0 m and 33.80 g/t AuEq over 3.1 m.

GD-24-273 (Haymaker Pad):
Surebet Zone: 8.77 g/t AuEq over 3.45 m.
Bonanza Zone: 32.65 g/t AuEq over 1.05 m.

GD-24-272 (Postmann Pad):
Surebet Zone: 6.20 g/t AuEq over 3.0 m.
Bonanza Zone: 5.64 g/t AuEq over 3.0 m.

While previous drill holes such as GD-23-197 (34.03 g/t AuEq over 9 m) and GD-24-235 (35.04 g/t AuEq over 5.25 m) underscore the continuity, new, deeper mineralization at 1,239 m depth confirms the yet untapped potential with visible gold and sulphide-rich quartz veins in multiple drill holes (results pending). Additionally, the expanded Bonanza Zone aligns with the Surebet Zone, which outcrops 200 meters above the valley floor at an elevation of 900 meters.

Goliath will, of course, release the remaining results of the 2024 drilling as they become available, which, given the large number of pending samples, should provide a steady flow of news in the coming weeks and months.

In the meantime, drilling in 2025 will focus on expanding the mineralization in all directions, including depth, towards the potential source of the fluids responsible for the extensive high-grade gold-silver mineralization on the Surebet discovery.

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