Goliath Resources – Assay Results From New Golden Gate Zone Discovery Intercept 34.03 g/t Gold Equivalent Over 9 Meters In Potential Feeder Source
Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins us to review the high-grade assay results from the recent Golden Gate Zone discovery, proximal to the feeder source, and an overall update on the exploration focus from this year’s 34,000 meter drill program at the Golddigger Property, located in the Golden Triangle of British Columbia.
We start off having Roger break down this drillhole # GD-23-197 in the newly discovered Golden Gate Zone which returned 9 meters (~true width) of 34.03 g/t AuEq or 1.09 oz/t AuEq (32.55 g/t Au and 65.71 g/t Ag) within 21 meters of 14.83 g/t AuEq (14.17 g/t Au and 29.13 g/t Ag); within 27 meters 11.60 g/t AuEq (11.07 g/t Au and 23 g/t Ag). This Golden Gate Zone is hosted within the Hazelton-Volcanics 20 meters below the Bonanza Shear containing abundant visible gold mineralization. Roger outlines that around 75% of the large mineral deposits in the Golden Triangle are hosted in the volcanic mineralization so this is going to be a major area of focus for follow-up drilling for next year’s exploration program.
Next we reviewed that there are still 115 more drill holes from this year’s exploration program to release to the market coming mainly from the expanding Surebet Zone in the sediments, the Bonanza Shear Zone at the contact zone of the sediments, and additional step-out regional targets 1-3kms around the Surbet Zone. There will be plenty of drilling newsflow being released from the lab over the next few months, to continue defining the expanding the resources at the Golddigger Property.
We wrap up discussing the 4 newly discovered targets that have been identified in the recently staked claims on Goliath’s Cambria Icefields Claim Blocks, located between Surebet and the town of Stewart, B.C. These earlier stage exploration targets are showing early signs of a strong mineralizing system at play and represent extremely prospective drilling targets for the 2024 season, and some of the channel cut assays are also pending release in the next few months. The mineralized zones in the northern portion of the Cambria Icefields show geologic indicators of an epithermal deposit, which could connect Treasure Island on the west with Metallica and Heavy Hitter on the east. Testing this hypothesis with the 2024 drilling campaign could result in high-grade epithermal-style mineralization over an area extending for more than 20 km.
If you have any questions for Roger about Goliath Resources, then please email us at either Fleck@kereport.com or Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.
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Goliath Completes Over 34,000 Meters of Drilling in 2023 for a Cumulative Total of Over 65,000 Meters and Successfully Expands the Mineralized Footprint of Surebet Discovery to 1.8 km²
16 Oct 2023
“Goliath significantly increased this years program from 18,000 to over 34,000 meters from 124 holes, for a cumulative total of over 65,000 meters of diamond drilling from 234 holes completed to date at its 100% controlled Golddigger Property; assays are pending on 116 holes drilled in 2023.”
“41 holes (out of 98 holes) drilled in 2023 on Surebet, Bonanza and/or Golden Gate have intersected Visible Gold with up to 4mm nuggets, representing a 42% hit rate, and a previously reported hole up to 485 gm*AuEq (15.59 troy ounces gram meter AuEq) intercept from GD-23-157 with 21.08 g/t AuEq over 23.00 meters* (18.95 g/t Au and 95.31 g/t Ag).”
>> Quinton Hennigh, Technical and Geologic Director of strategic shareholder, Crescat Capital, commented:
“In 2023, Goliath successfully completed one of the most aggressive exploration campaigns of any company in the junior mining space. Their approximately 34,000 meters of drilling has now more fully fleshed out the Surebet Zone and has also proven that there is a robust stacked lode system here including the expansive Bonanza Shear and newly discovered Golden Gate Zone. In addition, Goliath’s field teams have identified a plethora of new high-grade quartz-sulphide lodes similar in nature to Surebet scattered across the vast Golddigger project, all ready for drilling in 2024. Given there is a considerable inventory of core being assayed at the lab, including several notable vein intercepts containing appreciable visible gold, we have a lot of results to look forward to.”
Goliath Drills More Than 1 Ounce of Gold Equivalent over 9 meters from New Discovery Golden Gate
Redaktion – Oktober 18, 2023
“Gold explorer Goliath Resources (TSX-V GOT / WKN A2P063) yesterday reported spectacular results from another drill hole in the recently discovered Golden Gate zone, which is part of the company‘s Golddigger project. More than one ounce of gold per tonne was detected in a significant drill intercept!”
Goliath Resources Delivers Game Changer Results Of High-Grade Gold In Volcanics Just Below Sediments
RocksAndStocksNews – Oct 17, 2023
“These latest results are truly a game changer. In the near surface sediments they have outlined a 5 million ounce plus target. Hitting high-grade gold below the sediments in the volcanics shows they are onto the feeder system.”
Goliath Drills 34.03 g/t AuEq Over 9 Meters at Newly Discovered Golden Gate Zone Proximal to the Feeder Source Within 11.60 g/t AuEq Over 27 Meters, Golddigger Property, Golden Triangle, B.C.
October 17, 2023
https://tinyurl.com/enra76c8