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Goliath Resources produces excellent assay results from its Surebet discovery


Gold explorer Goliath Resources TSXV:GOT has reported assay results on 10 new drill holes at its Surebet discovery, part of the 100% controlled Goldigger property in British Columbia’s Golden Triangle. All 10 holes intersected broad intervals of significant quartz-sulphide mineralization and widespread visible gold occurrences, the miner said this week.

The Golddigger property covers an area of an area of 61,685 hectares and is in the world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia and within 3 kilometers of the ‘Red Line’ that is host to multiple world class deposits.

Goliath Resources’ Surebet discovery is considered to have exceptional metallurgy with gold recoveries of 92.2% inclusive of 48.8% free gold from gravity alone at a 327-micrometer crush.

Goliath Resources seeing significant drill results from Bonanza and Surebet

There seem to be some pretty significant results coming out of Goliath Resources: for example, its Bonanza Shear interval consisted of 9.40 g/t AuEq (9.33 g/t Au and 3.98 g/t Ag) over 7.00 meters including 12.74 g/t AuEq (12.66 g/t Au and 5.11 g/t Ag) over 5.15 meters and 19.81 g/t AuEq (19.71 g/t Au and 7.28 g/t Ag) over 3.30 meters.

The Surebet Zone interval consists of 5.01 g/t AuEq (4.83 g/t Au and 6.32 g/t Ag) over 5.00 meters including 6.25 g/t AuEq (6.03 g/t Au and 7.72 g/t Ag) over 4.00 meters. Assays are still pending on 100 holes diamond drilled in 2023 at the company’s Golddigger Property.

Based on results to date, management believes the average widths and/or grades of this system should increase once all assays are received, compiled, and interpreted from the 2023 drilling program.

Discovery still relatively underexplored

This original discovery has only received a total 10 months of boots on the ground in aggregate over the past three years during window of the exploration seasons. A study in collaboration with the Colorado School of Mines has confirmed that the mineralization formed at 4-5 km below the paleo-surface, confirming the excellent additional discovery potential at depth.

To put the Colorado School of Mines report into perspective, there is potential for up to 5-10 times the number of stacked veins below the already discovered system corresponding to 10 times the height of the CN Tower from top to bottom.

Excellent location with access to Prince Rupert

The property is in an excellent location close in proximity to the communities of Alice Arm and Kitsault where there is permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet).

The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power.

Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the East of Surebet discovery).

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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