{kanada_flagge}The Golden Gate Feeder Zone, part of Goliath Resources’ (WKN A2P063 / TSXV GOT) Golddigger project, is living up to its name and delivering drill core with visible gold with nice regularity.
{kanada_flagge}The Golden Gate Feeder Zone, part of Goliath Resources’ (WKN A2P063 / TSXV GOT) Golddigger project, is living up to its name and delivering drill core with visible gold with nice regularity.
Which means that Goliath can again report today that visible gold has been discovered in another drill hole in this zone (GD-23-140), which lies within the company’s massive Surebet discovery – and in three intercepts at that! This means that visible gold has now been discovered in eight of the 2023 Golden Gate Feeder Zone drill holes.
The hope is that this indicates that high-grade gold mineralization has been drilled here. In 2022, Goliath had discovered visible gold in hole GD-22-58, among others. Laboratory analysis for that hole then later returned 24.80 g/t gold equivalent, comprising 22.03 g/t gold and 127.62 g/t silver over 11.00 meters. And CEO Roger Rosmus’ company had also encountered visible gold in hole GD-22-49. This finally yielded 21.30 g/t gold equivalent or 20.46 g/t gold and 40.06 g/t silver over 7.77 meters! These are successes that the company surely would like to repeat. There is no guarantee of this, but we believe that the numerous occurrences of visible gold can be taken as an indication of high-grade drill results.
Bonanza shear zone expansion
Goliath considers the drill intercept to be part of the Bonanza Shear, which remains open. The company also reported that GD-23-140 encountered 12.73 meters of mineralized, quartz-sulfide-rich breccia that exhibits pyrrhotite mineralization throughout, ranging from disseminated (<1%) to fine stockwork (1%). Sphalerite (<1%) occurs with pyrrhotite in quartz breccia from 43.0 to 55.73 meters.
To date, Goliath emphasized, any occurrence of visible gold has been observed in quartz breccias and veins in contact with or in close proximity to sphalerite and/or galena mineralization. In addition, as early as 2022, the Colorado School of Mines had confirmed the occurrence of visible gold at Surebet. It is conducting research with Goliath to determine the origin and evolution of the gold mineralization-bearing fluids at Surebet.
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