Focus on new discoveries and further growth potential
So, having confirmed both high-grade gold and silver mineralization and the continuity of this large, still-open gold system over the past two years, Goliath is now ringing the bell for the next round of drilling, which is expected to total 18,000 meters. Up to 70 drill holes are planned from 21 different drill pads in 2023, with four drill rigs to be used.
Current resource model; Source: Goliath Resources
Goliath intends to focus on the areas with the highest gold and silver grades, extending the scope of the Surebet Zone/Bonanza Shear to the east, southeast and northeast. Beyond that, however, the company plans to conduct an initial drill program on the recently discovered Goldswarm zone, which lies 4 kilometers from the Surebet zone but within its strike. Goldswarm, Goliath says, has comparable mineralization and structures outcropping to surface as Surebet, where trenching samples contained grades of up to 29.70 g/t gold over 0.55 meters and 25.1 g/t gold over 0.40 meters, as well as grab samples of up to 54.3 g/t gold. For this reason, among others, the company believes that there is additional potential for a new discovery here with the 2023 drilling.
In addition, Goliath plans to drill test Surebet's extensive porphyry feeder well confirmed by the Colorado School of Mines within the newly identified high-grade Golden Gate Feeder Zone where angular flotation samples returned up to 924.4 g/t gold (29.7 oz/t gold), 3,023 g/t silver (97.19 oz/t silver), 0.05% copper, 12.59% lead and 4.11% zinc.
Finally, further exploration activities will be carried out in the newly discovered Surebet corridor, where an area of 8 by 3.5 kilometers currently remains open. The goal is to generate new, high-grade drill targets for 2024.
Summary: For several months, Goliath Resources used the off-season to plan another extensive and aggressive (four rigs!) drill campaign for the Golddigger gold and silver project. Several new and strong drill targets have been identified that will focus on higher grade zones and significantly expand the size of this system, which remains open, according to Goliath CEO Roger Rosmus, who is also confident that drilling at the Goldswarm zone could deliver another significant drill discovery. This year's exploration campaign also includes the development of new high-grade drill targets for 2024, with a focus on many newly discovered outcrops that appear at surface within the ice fields in the northern region of the property area, which has since been significantly expanded. These, CEO Rosmus believes, could provide additional discovery potential for the coming years. We look forward to the results of these efforts and will report further.
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