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Goliath Intersects 11.00 g/t Au Over 4.85 Meters, Drilling Maintains 100% Hit Rate, 94% Of Holes Contain Visible Gold, Assays Pending Surebet Discovery, Golddigger Property, Golden Triangle, B.C.
Globenewswire· 2025-07-28 10:08
Core Viewpoint - Goliath Resources Limited has reported significant progress in its drilling campaign at the Surebet Discovery, with high-grade gold mineralization confirmed across multiple zones, indicating strong potential for resource expansion and discovery [3][6][10]. Drilling Progress and Results - The 2025 drilling program has more than doubled the known extent of the Bonanza Zone from 550 meters to over 1.1 kilometers, with 100% of drill holes intersecting substantial quartz-sulphide mineralization [2][5]. - A total of 34 drill holes have been completed, amounting to approximately 25,000 meters, with 81 holes remaining in the planned 60,000-meter program [2][5]. - Drill hole GD-25-317 reported assay results of 3.17 g/t Au over 18.73 meters, including 5.10 g/t Au over 11 meters, and 11 g/t Au over 4.85 meters [3][9]. - Drill hole GD-25-302 intersected high-grade gold mineralization with assays of 2.26 g/t Au over 19.00 meters, including 6.28 g/t Au over 6.00 meters [4][9]. Mineralization and Geological Insights - High-grade gold mineralization has been confirmed in three distinct rock packages at the Surebet Discovery, including gently-dipping gold-rich stacked veins, gold-rich intermediate to felsic Eocene-aged RIRG dykes, and broad zones of calc-silicate altered breccia [10][29]. - The footprint of the mineralization discovered to date at Surebet extends for 1.8 kilometers, equivalent to over 336 NFL football fields, and remains open in all directions [19][29]. - The 2025 drilling campaign aims to test for the Motherlode magmatic intrusive gold source and expand known mineralized veins laterally and to depth [10][12]. Infrastructure and Location - The Golddigger Property, controlled 100% by Goliath, covers an area of 91,518 hectares in a highly prospective geological setting within the Golden Triangle of British Columbia [20][29]. - The property is strategically located near existing infrastructure, including a permitted mill site and direct barge access to Prince Rupert [22][23]. Metallurgical and Recovery Insights - The Surebet Discovery has shown excellent metallurgy with gold recoveries from gravity and flotation at a 327-micrometer crush of 92.2%, including 48.8% free gold from gravity alone [21][29].
Goliath Clarifies News Release Issued This Morning
Globenewswire· 2025-07-02 20:07
Infographic 1 Infographic 1 Infographic 2 Infographic 2 Infographic 3 Infographic 3 Infographic 4 Infographic 4 This clarification news release is at the request of CIRO Drill hole GD-25-302 intersected 6 occurrences of gold visible to the naked eye from a 96.50 meter mineralized interval from 89.50 meters to 186.00 meters within sulphide rich calc-silicate veins in altered andesite with high density veining. This hole is still in progress and is the first deep hole drilled on Surebet design ...