Goliath Resources – 1st Drill Holes Into Surebet & Treasure Island Hit Significant Mineralization
Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins us to review that the first 8 drill holes into the Surebet Discovery and the first 4 drill holed into the new Treasure Island VMS target have all hit significant mineralization; at the Golddigger Property, located in the Golden Triangle, British Columbia.
We kick things off with Roger outlining that 100% of the first 8 holes drilled into the Surbet Discovery during the 2024 drill season have intercepted continuous strong mineralization in the targeted veins. Abundant Visible #gold up to 1.30 mm in size has been identified in multiple intervals in 6 out of the first 8 holes of 2024, corresponding to 75% of the holes drilled thus far. The majority being hosted further downhole within the volcanics, and gold mineralization remains open in all directions, and he mentions that the different intrusive-style mineralization suggests the drilling has tapped into the heat engine source of the gold mineralizing system at the Surebet Discovery. Thus far the #exploration team has already drilled 18,000 meters in this area, pushing the program beyond the initial 15,000 meters planned for this year.
Next we pivoted up to the Cambria Ice Fields, where the first four holes at the Treasure Island 550 x 450 Meter VMS mineralization type target all hit abundant sulphide mineralization, including Up To 9.8 meters of quartz, stockwork and breccia hosting massive chalcopyrite & pyrite. This appears to be a well-endowed mineralized area prospective for both #copper and gold, and there have been 3,500 meters drilled here, also eclipsing the 1,600 meters initially planned for this area. We ask about the optionality here to potentially spin this out as another project if the Cambria Ice Fields in the north starts building up significance separate from the Surebet Discovery to the south.
Wrapping up we have Roger outline for us through the capital management and financial health of the company, after just having brought on a new strategic investor via a Singapore Based Global Commodity Group along with other high-net-worth investors totaling $5,406,080 in the first tranche. The second tranche up to a total of $6,500,000 is expected to close early September 2024. This gives the company plenty of runway to keep expanding the drill program, while keeping some capital reserved to kick things off the beginning of the next drill season.*
If you have any questions for Roger about Goliath Resources, then please email us at Shad@kereport.com or Fleck@kereport.com and then we’ll get those answered or covered in a future interviews.
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*In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.
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