Drills New Gold Veins For A Total Of 12 Stacked Vertically For 1.2 km
Goliath Resources Ltd. (TSX-V GOT / WKN A2P063) has announced significant expansion at its Surebet gold discovery in British Columbia’s Golden Triangle, reinforcing its position as a major emerging gold project. The latest results from the 2024 drill program have added four new high-grade gold veins, bringing the total to 12 vertically stacked veins over 1.2 km and covering a 1.8 km² area. The system remains open in all directions, presenting exceptional growth potential.
Key Drilling Highlights – 100% Hit Rate:
- – High-grade intercepts: GD-24-254 returned 9.39 g/t AuEq (8.99 g/t Au and 12.21 g/t Ag) over 10.17 meters, within 7.33 g/t AuEq over 13.10 meters.
- – Deep mineralization: GD-24-254 confirmed gold at depth with 12.67 g/t AuEq (12.39 g/t Au and 19.74 g/t Ag) over 5.00 meters in the Golden Gate zone, one of the deepest high-grade discoveries to date.
- – New high-grade zones: A newly identified zone between Surebet Lower and Bonanza returned 45.60 g/t AuEq (45.36 g/t Au and 19.45 g/t Ag) over 5.95 meters.
- – Several high-grade holes drilled to date have multiple intercepts different veins.
The mineralization discovered so far is of remarkable consistency: 100% of the 243 drill holes to date contain high-grade gold intercepts (>300 overall), confirming the continuity and predictability of the Surebet system – while at the same time showing exceptional grades. The best hole drilled at Surebet in 2024 returned 34.52 g/t AuEq over 39.00 meters.
Strategic Expansion and Growth Potential
Surebet continues to display strong geological similarities to other high-grade gold systems such as the Pogo Mine in Alaska. The identification of Reduced Intrusion Related Gold (RIRG) zones, characterized by visible gold, bismuth, and molybdenum, could significantly expand Surebet’s tonnage potential. The ongoing discovery of high-grade feeder structures suggests further upside as drilling continues.
Metallurgical Success and Future Plans
Preliminary metallurgical testing shows an impressive 92.2% gold recovery using gravity and flotation methods, with 48.8% as free gold. Notably, no cyanide is required for gold recovery, enhancing the project’s economic and environmental viability.
With a 2025 drill program planned to focus on expanding known high-grade zones and following the system towards its Motherlode feeder source, Goliath Resources is poised for further value creation. The confirmation of a VMS-type discovery at Treasure Island adds yet another layer of potential to the company’s portfolio.
Goliath’s aggressive and successful drill campaigns have positioned Surebet as one of the most exciting new high-grade gold discoveries in the Golden Triangle. The project’s scale, high-grade nature, and expansion potential offer a compelling case for investors looking to capitalize on an emerging gold asset in a world-class mining jurisdiction, even though Goliath as an exploration company of course remains high-risk speculation. In any case, with each drill season yielding major surprises, Goliath Resources continues to prove that Surebet is a discovery worth watching closely in 2025 and beyond.
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