More than 2 ounces of gold equivalent over 7.9 metres from one of the multiple stacked Bonanza grade veins
The newly discovered high-grade gold Bonanza Shear (vein) within the Golden Gate Feeder Zone has it all. Goliath Resources (TSXV: GOT, FRA: B4IF, OTCQB: GOTRF) has just announced the highest grade intersection ever intersected on the Golddigger property in the Golden Triangle, British Columbia!
Drill hole GD-23-180 from pad 16 intersected numerous occurrences of visible gold as well as high grade sulphide mineralisation in quartz stockwork and veins. The intercept consists of 65.00 g/t AuEq (64.88 g/t Au and 8.03 g/t Ag) over 7.90 metres, including 86.99 g/t AuEq (86.84 g/t Au and 6.52 g/t Ag) over 5.90 metres and 186.31 g/t AuEq (186.02 g/t Au and 13.29 g/t Ag) over 2.75 metres. Several elongated visible gold grains up to 11 mm in length were identified. Goliath has also released results from four additional drill holes (GD-23-165; GD-23-203; GD-23-161 and GD-23-184). These holes also returned wide intervals of significant quartz-sulphide mineralisation and widespread visible gold occurrences. Results from the 110 holes drilled on the Golddigger property in 2023 are pending.
Multiple Stacked Bonanza Grade Vein System Confirmed
The Bonanza Shear, which is hosted between the Hazelton sediments and volcanics, now has 104 drill points and the model has been expanded from 13,000,000 m³ to >25,000,000 m³. The newly discovered Golden Gate Zone, located within the Hazelton volcanics and 20 metres below the Bonanza Shear, has been modelled with a volume of more than 1,100,000 m³; the definition of the grade depends on the pending assays
Figure 1: marked in green is the newly discovered Golden Gate Zone. Geologists already suspect a volume of more than 1 million cubic metres in this zone. The Surebet Zone is about five times as large and the Bonanza Shear Zone 25 times as large. All three zones and below in the volcanics remain geologically open.
Figure 2: The Golden Gate Feeder Zone below Surebet Zone, Bonanza Shear and Golden Gate Zone offers plenty of potential for additional high-grade discoveries.
Conclusion: Goliath's drilling programme this year is likely to be one of the largest undertaken by a junior gold explorer in North America this year. Goliath is pushing the pace and the results regularly confirm that its Golddigger project is among the world's elite gold projects in terms of gold grades and volumes. Hit rates are close to 100 per cent at all three zones: the Surebet Zone, Bonanza Shear and Golden Gate Zone. Results from more than 110 drill holes are still awaiting interpretation. You don't have to be a clairvoyant to predict that the average widths and grades of this system will continue to increase when all the 2023 drill holes are evaluated.
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