No wonder, then, too that Goliath CEO Roger Rosmus is delighted and excited by the numerous, exceptionally good mineralization intersections in such an extensive area, especially since the Surebet system remains open in all directions, according to him, and thus there is potential for a significant expansion of its extent - especially if one also takes into account last year's drilling, which was also extremely successful.
Goliath has planned an aggressive drilling program of more than 27,000 meters at Surebet this year, in part to further reduce the project risk of this exciting discovery and increase its value. This will involve a total of 86 holes from 25 drill sites, which will now be drilled with five drill rigs. However, given the extent of mineralization intercepts observed at Sites A and J, the company's technical team has now recommended that three additional holes be drilled from the recently added Site G. The 2022 program specifically includes infill or destination drilling at the resource level
Source: Goliath Resources
In any case, it is no surprise that the entire team - and probably the company's shareholders - are extremely eager to see the first analytical results on the already numerous drill holes! With the 24 drill holes from last year, Goliath came up with an average (!) of 6.29 g/t gold equivalent over 5.87 meters...
Two different types of mineralization have been observed to date with the 2022 drilling: 1) sulfide mineralization occurring in quartz veins, stockwork and/or breccias, and 2) sulfide mineralization occurring in host rocks (sediments or volcanics). Holes GD-22-39, GD-22-42, GD-22-47, GD-22-49 and GD-22-50 drilled from Pad A, and GD-22-40, GD-22-43 and GD-22-45 drilled from Lake Pad are characterized by mineralization occurring in quartz veins, stockwork or breccias. Mineralization occurs primarily as semi-massive to massive sulphides in veins/breccias, as stringers and aggregates within or at the margins of veins, or as interstitial mineralization between breccia clasts. Most of the mineralization consists of pyrrhotite (locally up to 30%), pyrite (locally up to 15%), sphalerite (locally up to 10%), galena (locally up to 10%), and chalcopyrite (locally up to 5%).
This type of mineralization is consistent with what was observed in the main Surebet zone and is typically found in shear zones within sedimentary units. Mineralization observed in holes GD-22-28, GD-22-29 and GD-22-31 drilled from pad 15 occurs in host rocks where sulphides typically occur as fracture fill strands and accumulations in the host rocks themselves (sedimentary or volcanic units). The main sulfides observed are pyrrhotite (up to 15%), sphalerite (up to 5%), chalcopyrite (up to 5%), and pyrite (up to 15%). The source rock is generally moderately chloritized plagioclase-bearing andesite. Occasionally, the host rock is the overlying moderately chlorite- and biotite-altered sandstone and siltstone. These units are intruded by a series of felsic and mafic rock veins that lack mineralization. Holes GD-22-32, GD-22-34 and GD-22-37 drilled from pad 9 and GD-22-36, GD-22-38, GD-22-41 and GD-22-44 drilled from pad 11 intersect the contact between sediments and volcanic rocks and contain both types of mineralization.
In conclusion: Goliath continues to hit with every hole drilled at Surebet, including up to 59.1 meters of mineralization today, once again confirming the outstanding potential of what is already a huge discovery – that also remains open in all directions. In any case, we are extremely excited to find out about the first analytical results of the samples obtained with the drilling to date. Should these turn out well, we believe Goliath could have the potential to run towards previous highs. We will stay tuned.
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.