The original drilling plans for the Surebet gold discovery, recently presented by Goliath Resources (WKN A2P063 / TSXV GOT), were already spectacular. 40,000 drilling meters with nine drill rigs were originally planned to further expand and more precisely define the already massive Surebet zone. However, new information and initial successes of the program to reassess drill core not previously analyzed, have now prompted founder and CEO Roger Rosmus’ company to increase the planned campaign by 50% to 60,000 meters!
The basis for this decision is that Goliath has recently discovered widespread, abundant visible gold which can be observed with the naked eye in numerous intrusive related gold (RIRG) dykes and calc-silicate altered breccia, while re-logging drill core that was drilled but never assayed between 2021 and 2024.
Not only that, Goliath Resources has already received the first analysis results from such a drill hole (GD-22-64) from the laboratory, which is believed to be directly related to the source of the giant mineralization system. This drill hole, in which visible gold could be seen with the naked eye, yielded strong results of 6.31 g/t gold equivalent AuEq over 14.35 meters including 11.36 g/t AuEq over 7.85 meters!
The Company has already identified a further seven drill holes from the re-logging that contained visible gold and abundant visible gold to the naked eye in numerous locations and are associated with RIRG dykes, calc-silicate altered breccias and known shears/veins. Goliath Resources is eagerly awaiting the results of the analysis of these samples.
With this realization that, contrary to earlier assumptions, the intrusive dykes also contain visible gold at a mineable level, the potential of the Surebet discovery has of course increased considerably! So it’s perfect that Goliath Resources not only had cash and cash equivalents of CAD 19 million (as at March 31, 2025) but also recently raised a further CAD 27 million via a charity flow-through financing at CAD 3.17 per share (no warrant was issued). In any case, this means that the company is financially well equipped and the 2025 program, which now comprises 60,000 meters of drilling, is fully financed!
100% Focus on the Surebet Discovery
The massive drill program will focus on expanding the lateral extent of the high-grade gold system beyond the current 1.8 km² and also delineating the geometry of the system at depth – while targeting the source of the magmatic intrusion, the so-called “Motherlode”. Surebet, the company also emphasizes, remains open in all directions, which means additional discovery potential.
Goliath Resources currently has five drill rigs in operation and a further four drill rigs are due to arrive at the project shortly.
The company is focusing 100% of its drilling this year on the Surebet discovery and is following a detailed plan:
o Investigation of the Motherlode gold source;
o Investigation of 13 additional Eocene veins observed at the surface that have never been tested for mineralization by drilling;
o Definition drilling aimed at increasing the density of intersection points in all known stacked veins, with a particular focus on the highest-grade areas of the Bonanza Zone and the Surebet Zone;
o Testing of zones where the RIRG dykes and gently dipping veins intersect, referred to as Goldilocks zones, as these are key locations where two types of gold mineralization are present, enriching the zones; and
o Expansion of known mineralized veins laterally and at depth where they currently remain open
Goliath Resources Changes the Narrative
Goliath Resources is the first exploration company in the region to discover and document gold mineralization in this type of Eocene-aged dykes, changing an old narrative! The company’s discovery of high-grade gold at mineable widths in these dykes is a significant breakthrough and a game changer not only for the Surebet discovery but also for other companies exploring in British Columbia’s Golden Triangle!
Roger Rosmus, founder and CEO of Goliath, explains the decision to expand the drill program: “The incredible results from our re-logging initiative, particularly the widespread visible gold and the strong assays from the RIRG feeder dykes, compelled us to significantly upsize our drill program. With our solid March 31, 2025 balance sheet, combined with the strong support from our recent upsized financing of $27,000,000, allows us to aggressively pursue the full potential of Surebet by increasing the planned 40,000 meters up to 60,000 meters fully funded, a staggering 50% increase. We have mobilized for what is to be the largest drill campaign to date with 9 rigs that are entirely focused on our exceptional Surebet high-grade gold discovery located on our 100% controlled Golddigger Property. We are very confident this year’s program will be one for the books. Until the middle of 2024 our focus was on a series of stacked gently dipping high-grade gold veins. In the Golden Triangle previous research and exploration had considered Eocene-aged dykes as not prospective for gold deposits. Nonetheless, we discovered gold and molybdenite visible to the naked eye that assayed high-grade gold over a mineable width. To further assess the potential, we sent this core among others to the Colorado School of Mines for analysis. Their work uncovered key geological information about the Surebet discovery that applies to both the stacked gently dipping veins and the vertical RIRG dykes, with a model that they are all coming from a common magmatic intrusion below the valley floor. Their work armed us with the most geological and drill hole data we had ever started a drill season with, and we have hit the ground running in our 2025 season. Our first order of business was to re-log all of the RIRG dyke drill hole intersections, which has already paid dividends with our first assays from that effort. The re-logging initiative has also found visible gold in a third style of mineralization in calc-silicate altered sandstone breccia. It is another one of those nice surprises along the way considering the amount of drilling we have completed. Every gold zone remains wide open, and we are still making new discoveries with gold mineralization in three distinct rock packages. We are nowhere near the limits of the Surebet discovery, it only gets better the more drilling and science we throw at it. We have an impressive group of targets that include more drilling at the stacked high-grade gold veins, plus drilling into cross cutting of the stacked veins and RIRG dykes in what our team calls Goldilocks zones and also follow the vertical RIRG dykes deeper to explore for the magmatic source that is potentially responsible for all the gold mineralization in our various high-grade gold bearing rock packages. Management and the geological team believe that we have the most important high-grade gold discovery in the Golden Triangle in many years that could rival some of the great gold mines in the camp. We are truly excited about what the 2025 drilling season will discover and look forward to reporting on the drilling progress throughout our exploration season and release drilling assay results as they are received, compiled, and interpreted.”
