Significant news flow and potential upside with assays still pending for 96 drill holes out of 105
Tuesday this week, Goliath Resources (TSXV GOT / WKN A2P063) reported results from five drill holes of its 2024 field season at its Golddigger Property in the Golden Triangle, B.C. Drill holes GD-24-262, GD-24-272, and GD-24-273 confirm the Bonanza High-Grade Gold Zone’s expansion from 180,000 m² (720 x 612 x 410 m) to 341,000 m² (835 x 685 x 612 x 410 m), which also remains open for further expansion. Assays are pending for 96 of 105 drill holes.
CEO Roger Rosmus in his comments, highlights the impressive high-grade nature of the mineralization drilled and the “phenomenal” continuity of gold mineralization as well as the occurrence of visible gold in 92% of 2024 drill holes (up from 32% in 2023). According to the Goliath CEO, stacked vein systems dipping in opposite directions may indicate two sources over 2000 meters apart but also one large source underlying the different zones of mineralization. Rosmus notes the discovery’s continued improvement and growth, which makes him liken Golddigger to projects that have become mines.
Bonanza High-Grade Gold Zone
During the only three months long 2024 season, the company notes, the Bonanza Zone was redefined from a triangular to a rectangular area. All 64 holes drilled there intercepted significant mineralization and 59 of those holes (92%) contained visible gold.
Notable Drill Results:
GD-24-262 (Goldsmith Pad):
Surebet Zone: 32.67 g/t AuEq over 4.0 meters.
Bonanza Zones 1–3: Highlights include 13.90 g/t AuEq (13.85 g/t Au and 3.59 g/t Ag) over 7.60 meters.
GD-24-273 (Haymaker Pad):
Surebet Zone: 5.97 g/t AuEq (5.46 g/t Au and 41.43 g/t Ag) over 5.15 meters.
Bonanza Zone: 4.85 g/t AuEq (4.64 g/t Au and 17.26 g/t Ag) over 8.90 meters.
GD-24-272 (Postman Pad):
Surebet Zone: 4.70 g/t AuEq (1.53 g/t Au and 258.15 g/t Ag) over 4.00 meters.
Bonanza Zone: 5.64 g/t AuEq over 3.0 meters.
While earlier drill holes like GD-23-197 (34.03 g/t AuEq over 9 m) and GD-24-235 (35.04 g/t AuEq over 5.25 m) underscore continuity, new deeper mineralization at 1,239 m depth confirms untapped potential, with visible gold and sulfide-rich quartz veins across several holes (assays pending). Also, the expanded Bonanza Zone aligns with the Surebet Zone intersection, outcropping 200 meters above the valley floor at 900 meter elevation.
Goliath will of course publish the remaining results of the 2024 drilling as they become available which should provide for a steady news flow given the large number of assays still pending.
In the meantime, drilling in 2025 will focus on expanding the mineralization in all directions, including to depth towards the potential source for the fluids responsible for the extensive high-grade gold-silver mineralization on the Surebet discovery.
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