The company says significant mineralization has been encountered in all holes drilled so far this year, similar to drill core from 2021, which had intersected extensive widths of mineralization with high-grade gold-silver grades. The average grade and width of all 24 2021 drill holes returned 6.29 gpt AuEq (4.35 gpt Au and 104.94 gpt Ag) over 5.87 metres. Metallurgical testing of this drill core has confirmed recoveries of 98.2% gold by gravity and flotation, including 38.1% free gold by gravity. Results from all 2022 holes drilled to date are pending.
Figure 1: Visually, the new drill cores from the current season show promise. They are similar to the drill cores from the previous year.
The 2022 drilling campaign includes infill drilling on the Surebet zone. In addition, the outer ends of the known gold-silver zone will be tested down-dip to determine the extent of the high-grade system.
Figure 2: Goliath has already drilled on the sites outlined in red this year. Results are still pending.
Bottom line: there are only a handful of exploration companies that can massively expand their drilling campaigns as quickly as Goliath Resources is doing this year. It is important to remember that the discovery of the high-grade Surebet Zone was only two years ago. The Surebet Zone is part of a deep-rooted, intrusion-related system that formed at a significant depth of 5 to 6 km below surface. This genesis suggests that the system may be very extensive. Positive gold-silver assay results from drilling at Lake, New Gold and the new extension target (pad 15 & J) could therefore again significantly expand the footprint of the system. (see Figure 2). One may therefore be particularly curious about the pending analyses.
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