Highly Mineralized Feeder Veins Indicate Source of Gold System
In a net working time of just 15 months, Goliath Resources (WKN A2P063 / TSXV GOT) has demonstrated a system of layered, high-grade gold veins on its Golddigger project in recent years that is unparalleled. As of the end of 2024, the massive Surebet discovery extends over an area of 1.8 square kilometers and vertically over another 1.2 kilometers. The company has conducted a total of 243 drill holes, achieving a 100% hit rate.
All of this is already impressive enough, and the potential of the numerous gold veins is far from exhausted. However, it is now becoming apparent that the Surebet deposits could potentially increase substantially once again – through the exploration of additional structures that Goliath had previously paid less attention to.
But that’s changing now! An updated modeling of the Surebet mineralization shows, as Goliath now reports, that the aforementioned layered system is directly related to a reduced intrusive gold system (RIRG), the presumed source of the entire high-grade mineralization system, from which numerous gold-bearing feeder veins originate. And it’s precisely these ‘dykes’ that Goliath will now investigate more closely, after gold equivalent grades of up to 12 g/t AuEq consisting of 11.84 g/t gold and 15.61 g/t silver were detected in them last year, which also remain open for expansion!
The company has so far encountered or mapped 17 of these RIRG feeder veins through drilling or at the surface, which are up to 25 meters thick and can be traced at the surface over a strike length of at least up to 1,500 meters, of which 13 dykes still need to be investigated. Interestingly, the layered veins hosted in sedimentary and volcanic rock are geochronologically almost as old as the RIRG feeder veins. This, according to Goliath, indicates a syngenetic relationship between these two stages of mineralization.
Accelerated Exploration Program 2025
Goliath will now accelerate this year’s exploration activities by logging, sampling, and examining the yet uninvestigated dykes, given the strong analytical results from the four feeder veins tested in 2024. As the company further explains, this data should provide excellent potential to approach the overall gold mineralization system even more precisely.
According to the company, four of the already logged feeder veins contained high-grade mineralization sections with visible gold as well as molybdenite, bismuth, and tellurium mineralization associated with an RIRG system. As part of the 2025 work on Surebet, Goliath will now re-log and analyze 19 drill holes from 2021 to 2024 with promising mineralization intervals, so that more than 900 meters of samples may be available for examination at the start of the exploration season. The mobilization of teams is planned for May this year.
The Same Source is Being Tapped
In our opinion, the significance of these new insights cannot be overstated! As Dr. Quinton Hennigh, geological and technical director at Goliath major shareholder Crescat Capital, explains, compelling evidence of the causative intrusion that produced this remarkable high-grade gold system is now visible for Surebet. The numerous steeply dipping feeder veins recently encountered through drilling exhibit quartz-sulfide veins and veinlets whose composition strongly resembles that of the numerous flat and gently dipping veins that have been the focus of exploration so far, according to the expert.
Age dating has also shown that the emplacement of these dikes is very close to the age of mineralization. According to Dr. Hennigh, this is interesting for three reasons. Firstly, it suggests that the dikes themselves represent a very promising, potentially extensive exploration target. Secondly, the dikes and mineralization fluids clearly tap into the same structures, which are likely deeply rooted and originate from a parent magma source at depth. This could mean that there is much more gold in the system that can be explored beneath and laterally to the Surebet discovery. Finally, it is immediately apparent that there is a spatial relationship between these dikes and the location of most of the high-grade intersections discovered so far. In short, Dr. Hennigh concludes, they now have a clear vector that will guide work in high-grade areas during future drilling. For the renowned expert, the 2025 drilling season cannot begin soon enough!
Roger Rosmus, founder and CEO of Goliath, also explains once again why the latest findings could be so significant. Among other things, he pointed out that it now appears that Surebet potentially has a combination of stacked gold veins (such as those found in the Pogo mine, which has been in production since 2006) and a RIRG system (like Snowline Gold’s discovery in the Yukon)!
As Mr. Rosmus explained, this exploration season’s drilling will now focus on expanding both the stacked gold veins and the feeder veins as quickly as possible, in order to get closer to the source of the gold system of the Surebet discovery. All we can say to that is: Drill, baby, drill!
