{kanada_flagge}Goliath Resources (WKN A2P063 / TSXV GOT) has initiated an aggressive drilling program in 2023 that will total 70 drill holes from 21 separate drill sites at the Golddigger project. The campaign will focus on higher grade zones and expanding the scope of the Surebet Zone discovery and the Bonanza Shear to the east-southeast-northeast and at depth. And in the very first drill hole of the new season, Goliath recently encountered visible gold, which the company says strongly suggests potential for very high-grade gold intercepts. Now visible gold has been detected in several new drill holes!
{kanada_flagge}Goliath Resources (WKN A2P063 / TSXV GOT) has initiated an aggressive drilling program in 2023 that will total 70 drill holes from 21 separate drill sites at the Golddigger project. The campaign will focus on higher grade zones and expanding the scope of the Surebet Zone discovery and the Bonanza Shear to the east-southeast-northeast and at depth. And in the very first drill hole of the new season, Goliath recently encountered visible gold, which the company says strongly suggests potential for very high-grade gold intercepts. Now visible gold has been detected in several new drill holes!
As Goliath just announced, numerous visible gold grains over several meters were discovered in three of five drill holes in the Golden Gate Feeder Zone and also in one of two drill holes in the Surebet Blowout Zone at the North Slope visible gold was observed. Laboratory analysis of the samples obtained from these will take a while, but one can look forward to the results. Especially when you remember that in 2022, drill hole GD-22-49 – also in the Golden Gate Feeder Zone – returned 21.30 g/t gold equivalent (AuEq) (20.46 g/t gold and 40.06 g/t silver) over 7.77 meters, including 27.55 g/t AuEq (26.47 g/t gold and 51.55 g/t silver) over 6.00 meters!
Source: Goliath Resources
One example of the encouraging drilling Goliath is reporting today is hole GD-23-118 with numerous pits of visible gold over 1.51 meters at 64.53 meters depth, 65.97 meters and at 66.04 meters depth. And hole GD-23-122 had numerous grains of visible gold at just 1.98 meters depth, according to Goliath, to name just one other example. (For a detailed description of each drill hole, please see the Company’s original press release. )
All drill holes encountered strongly mineralized zones
According to Goliath, this means that all 12 holes drilled to date have hit the highly mineralized Surebet Zone and/or Bonanza Shear Zone, which have galena (lead ore) and sphalerite (zinc blende) mineralization. In doing so, three of the holes showed several meters of visible gold; as did two holes drilled in 2022 that ultimately returned very high grade gold mineralization.
The Golden Gate Feeder Zone is a zone of high-grade gold mineralization located at the transition from the Surebet Zone to the Extension Zone and is characterized by high-grade, broad intervals of gold mineralization where multiple structures meet that serve as potential fluid conduits. The main mineralized intercepts intersected in all holes from pad TS-1 are interpreted to be the northeast extension of the Bonanza Shear, which defines the contact between the sedimentary units and the underlying volcanic units.
Conclusion: There are indications that the 2023 drill season could also be a great success for Goliath Resources! Visible gold is perhaps no guarantee for high gold grades, but in this accumulation and in view of the analysis results of comparable drillings from the past year, we believe that it can be hoped that Goliath will ultimately be able to present similarly strong results as in 2022. Overriding it is extremely pleasing to see that the company of CEO Roger Rosmus, according to its own statement, has discovered a new, strongly mineralized trend of now 6.5 kilometers in length, which includes several shear zones and also remains open. Clearly, Goliath is nowhere near the end of its discoveries on Golddigger.
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