{kanada_flagge}Mineralization at the high-grade Surebet gold-silver discovery at Goliath Resources Limited’s (TSX-V: GOT; OTCQB: GOTRF: FRA: B4IF) Golddigger project in the Golden Triangle originates from an intrusion that formed five to six kilometers below ground. This is the conclusion of a study by Dr. Thomas Monecke and T. James Reynolds of the Colorado School of Mines, commissioned by the company. The two experts were able to evaluate petrographic samples as well as fluid inclusions in mineralized samples from the Surebet zone.
The interpretation of Surebet as a deep-rooted, intrusion-related formation opens up significant exploration opportunities for the entire Golddigger project. Since the causative intrusion is believed to lie well down dip to the west of Surebet, it is considered likely that mineralization persists well beyond the current limits of drilling, approximately 1.1 km down dip from the outcropping Surebet zone. It is also logical that fault-bearing extensions of the Surebet zone remain to be discovered elsewhere on the property; the New Extension target immediately southeast of Surebet is an example.
According to the study, there are two main types of hydrothermal vein quartz: 1) early quartz formed under lithostatic conditions, and 2) a second generation of quartz formed under hydrostatic conditions that cuts through the earlier quartz. Evidence of fluid inclusions clearly indicates that quartz vein formation occurred at the transition from ductile to brittle behavior at high temperatures of ~350-400⁰C, during a period associated with the general cooling of the hydrothermal system. The transition from ductile to brittle behavior of the wall rock adjacent to the Surebet structure was likely caused by a change in pressure of hydrothermal fluids flushed into an open network of newly formed brittle fractures.
Sulfides cut through the early phase quartz and formed in association with and/or after the second generation quartz. Mineralization formed under hydrostatic conditions as fluid flowed through a more open fracture network.
Dr. Quinton Hennigh, technical and geological director of Crescat Capital, a strategic shareholder of Goliath Resources, commented, “This first-ever study of the formation environment of the Surebet Zone significantly expands the potential at Surebet and elsewhere on the Golddigger property.”
This year, Goliath will take a three-pronged approach to exploration at Golddigger: 1) diamond core drilling at Surebet for up to 24,000 meters, with some holes to be drilled up to 1.5 km down-dip from the Surebet deposit, 2) reconnaissance drilling at the New Extension zone to test whether it is indeed a major extension of Surebet, and 3) aggressive prospecting for new zones of intrusion-related mineralization across the property. Goliath will have a very productive 2022.
Summary: Following its successful CAD 14.5 million capital raise, Goliath is stepping on the exploration gas. 24,000 meters of drilling are planned this season. This will provide a veritable flood of results and could multiply the footprint of the Surebet zone. The finding that Surebet has deep roots speaks to the power of the underlying system and opens up new vistas for the entire Golddigger project, which is approximately 230 square kilometers in size. The obvious question is: Are there more Surebet zones? We’ll stay on this story, for sure.
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