High-grade gold discovery
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Goliath Drills Multiple High-Grade Gold Intervals Up To 10.72 g/t Au Over 7.83 Meters, Including 20.37 g/t Au Over 4.10 Meters At The 1.8 Km2 Surebet Discovery That Remains Wide Open, Golddigger Property, Golden Triangle, B.C
Globenewswire· 2025-10-27 10:09
Core Insights - Goliath Resources Limited announced significant assay results from its 2025 drill program at the Surebet Discovery, with drill hole GD-25-372 intersecting 10.72 g/t Au over 7.83 meters, including 20.37 g/t Au over 4.10 meters [8][11] - The drilling campaign has confirmed high-grade gold mineralization across multiple drill holes, with 100% of completed holes intersecting substantial quartz-sulphide mineralization and 76% containing visible gold to the naked eye [9][23] - The Surebet Discovery has demonstrated excellent continuity and potential for further expansion, with ongoing assays pending for 84 holes, of which 66 contain visible gold [9][10] Company Overview - Goliath Resources is focused on exploring precious metals in the Golden Triangle of British Columbia, controlling the Golddigger Property, which spans 91,518 hectares [18][26] - The company has executed a fully funded drill campaign in 2025 totaling 64,364 meters, aimed at expanding the geometry of the Surebet Discovery [14][26] - Goliath has increased its land package significantly, now controlling 56 kilometers of the Red Line geologic trend, enhancing its discovery potential [23][26] Drilling Results - The 2025 drilling program has yielded high-grade gold intercepts, with notable results including GD-25-373 intersecting 6.30 g/t Au over 7.50 meters and GD-25-324 intersecting 6.11 g/t Au over 7.65 meters [11][13] - A total of 30 holes in the Surebet system have reported intervals greater than 1 oz/t Au (31.1 g/t Au), indicating strong mineralization [10][14] - The drilling has confirmed three distinct rock packages at the Surebet Discovery, each containing substantial amounts of visible gold [14][15] Geological Insights - The Surebet Discovery is characterized by gently-dipping gold-rich stacked quartz-sulphide breccias, RIRG dykes, and calc-silicate altered breccia, indicating a potential Motherlode magmatic source at depth [14][15] - The mineralization footprint at Surebet extends over 1.8 kilometers, with ongoing potential for expansion in all directions [23][24] - The project has shown good metallurgy with gold recoveries of 92.2% from gravity and flotation methods, indicating favorable processing characteristics [19][23] Future Outlook - Goliath Resources is well-positioned for continued exploration and development, with a fully funded 2026 drill program planned [10][26] - The company anticipates further assay results in the coming months, which are expected to enhance the understanding of the mineralization at Surebet [10][19] - The ongoing research and collaboration with CASERM aims to improve geoscience data acquisition and decision-making across the mining value chain [22][24]
Goliath Completes Over 64,000 Meters Of Drilling in 110 Drill Holes, With 100% Hit Rate In 90 Days On 1.8 Km2 Surebet Gold Discovery That Remains Open, Golddigger Property, Golden Triangle, B.C.
Globenewswire· 2025-09-23 10:23
Core Insights - The 2025 drill program at Surebet has successfully exceeded its target, with over 64,000 meters drilled across 110 holes, surpassing the initial goal of 60,000 meters [4][5][6] - 100% of the drill holes have intersected substantial quartz-sulphide mineralization, with 76% of the holes logged containing visible gold to the naked eye [4][5][6] - The Surebet Discovery has advanced significantly, now comprising 12 stacked gold-rich veins defined through over 150,000 meters of drilling in just 19 months [7][8] Drilling Program Details - The 2025 drilling campaign was designed to expand the Surebet Discovery both laterally and to depth, focusing on several key objectives [6][12] - High-grade gold has been identified in three distinct rock packages, including quartz-sulphide breccias, RIRG dykes, and calc-silicate altered breccia [6][7] - The program utilized 9 drill rigs in one of North America's largest helicopter-supported drill operations in challenging alpine terrain [4][5] Geological Findings - The presence of a Motherlode magmatic source at depth has been confirmed, responsible for the extensive 1.8 km high-grade gold system at Surebet [6][7] - The mineralization footprint at Surebet is substantial, covering an area greater than half the size of Central Park, with over 400 pierce points recorded [7][8] - The project has shown consistent high-grade gold results, drawing comparisons to significant discoveries in the Golden Triangle [7][8] Future Plans - The company is actively updating its high-grade gold wireframe models as assay results are received, with plans for a comprehensive drill plan for the 2026 season [8][12] - Assays are pending for 88 drill holes from the 2025 season, and the company anticipates further positive results [4][5][6] - The ongoing geological studies at the Colorado School of Mines will enhance the understanding of the Surebet lode system and inform future drilling campaigns [5][8]
New High-Grade Gold Zone at Windfall Project
Globenewswire· 2025-09-03 10:00
Core Insights - McEwen Inc. announced positive results from its 2025 drilling program at the Windfall Project in Nevada, indicating continuous gold mineralization and the discovery of a new fault zone with high grades of gold, silver, and base metals [1][2][9] Drilling Results - The drilling program revealed a gold equivalent grade of 62.5 g/t (1.82 oz/T) [2] - Drill hole WF033 encountered high-grade mineralization with 8.1 g/t (0.24 oz/T) gold over 8.7 meters (28.4 ft), including 50.3 g/t (1.47 oz/T) gold and 782 g/t (22.83 oz/T) silver over 1.3 meters (4.2 ft) [8][20] - Other notable results include 2.0 g/t (0.06 oz/T) gold over 38.3 meters (125.5 ft) from WF032 and 1.2 g/t (0.04 oz/T) gold over 17.1 meters (56.0 ft) from WF031 [8][20] Future Plans - The company plans to publish a resource estimate by year-end, test mineralization extensions, collect samples for metallurgical testing, and explore new targets near the project [9] - The Windfall area is situated on private land, which may expedite permitting processes [9] Company Overview - McEwen Inc. provides exposure to gold, silver, and copper through operations in the USA, Canada, and Argentina, with a flagship project, Los Azules, aiming to become a regenerative copper mine by 2038 [5][6] - Chairman Rob McEwen has personally invested over US$200 million and takes a salary of $1 per year, aligning his interests with shareholders [6]