Strongest mineralization drilled at Surebet, yet
With 15,000 meters of diamond core drilling, Goliath Resources (WKN A2P063 / TSXV GOT) plans to expand its already spectacular Surebet gold discovery in the 2024 season and test the theory that deep below the valley floor is the potential source of all the high-grade gold mineralization that has been identified to date. And the evidence in this regard is growing with every drill hole!
Goliath has now identified ten known mineralization horizons or veins at Surebet. And in the very first new drill hole 2024 (GD-24-235), CEO Roger Rosmus’ company discovered a new mineralization zone, which was christened the “Mothership Feeder Zone”. This mothership, Goliath reports after visual inspection of the drill core, showed extremely promising mineralization intercepts, including numerous particles of visible gold and strong sulphide mineralization in quartz breccias. (Assay results from the lab are pending).
The company now reports that the second drill hole of the current campaign (GD-24-237) also encountered abundant visible gold from four mineralized zones in the style of the Surebet mineralization. These include the Bonanza Shear Zone, the Golden Gate Zone and a mineralized porphyritic intrusive dyke. With drill hole #237, Goliath has proven mineralization in intercepts totalling 105 meters. And as the company emphasized, some of these 105 meters are the strongest mineralization with the highest density of veins, stockwork and breccias observed in drill core on the property to date!
Conceptual visualization of mineralization horizons at Surebet; Goliath Resources
As the company further states, a 14.39 meters thick zone of altered porphyritic intrusive rock was also intersected between 315.71 and 330.08 meters, similar to GD-24-235! This shows several layered quartz veins and calc-silicate veins with albite/sericite alteration halos. Visible gold, molybdenite and traces of bismuth were observed in the veins at 316.05, 316.26, 326.10 meters and at the edges of the veins.
As if that were not enough, Goliath also identified a 47 meter thick zone of the Bonanza Shear from 425.00 to 472.00 meters downhole, which the company considers to be the most significant mineralized section of the hole. This is because it contains intervals characterized by intense quartz-sulfide stockwork and quartz veins between 5 and 15 cm thick with sphalerite (2%), pyrrhotite (1%), pyrite (2%) and minor galena occurring in the Lower Hazelton volcanic unit.
A second 16.6 meter long zone of bonanza shearing, which hosts dense sulphide-rich calc-silicate veins and stockwork, was intersected from 508.4 to 526.00 meters and contains sphalerite (1%) and galena (1%) as well as traces of pyrrhotite and pyrite.
At an even greater drill hole depth, Goliath also identified a 26.35 meter interval from 546.65 to 573.00 meters of closely spaced veins and stockworks with significant amounts of sulfides, including sphalerite (1%), galena (1%) with trace pyrrhotite and pyrite. This also intersected a 1.11 meters thick vein between 569.29 and 570.04 meters that contained visible gold, sphalerite (1%), galena (1%), pyrrhotite (2%) and pyrite (1%). These are interesting similarities to last year’s hole GD-23-183 where the Company intersected 3.56 g/t AuEq (gold equivalent) over 8 meters including 6.54 g/t AuEq over 3.0 meters.
Significant potential for further discoveries on the horizon
According to the company, the results from today’s drill hole and the recently announced #235 confirm the high potential for further discoveries during the recently commenced 2024 drill program. Goliath Resources is planning further, deeper drilling to test the system to greater depths. This includes a 700 meter deep hole that is already being drilled.
Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on https://www.goldinvest.de. These contents serve exclusively the information of the readers and do not represent any kind of call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they in no way replace an individual expert investment advice, it is rather promotional / journalistic publications. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities, especially with shares in the penny stock area, carries high risks, which can lead to a total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here. Please also note our terms of use.
According to §34b WpHG and according to Paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Goliath Resources and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between Goliath Resources and GOLDINVEST Consulting GmbH, which means that a conflict of interest exists.
