Goliath Resources – Recapping The Release Of 99 Drill Assays To The Market AT the Golddigger Property
Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins us to review the next batch of 99 gold drill assay results from the balance of last year’s exploration work at the Surebet Zone, Bonanza Shear Zone, and Golden Gate Zone at the Golddigger Property located in the Golden Triangle, British Columbia. We reviewed how this made the most sense to just put out all the remaining data from all the drilling that came in from last years program, rather than trickle it out, so that investors could get a sense of the size, scale, and volume of mineralization from the three zones, and higher overall average grades in the Bonanza Shear and Surebet Zones.
Headline drill hole #GD-23-113 intersected the Bonanza Shear and assayed 10.94 gpt AuEq (10.80 gpt Au and 6.24 gpt Ag) over 9.70 meters, including 17.63 gpt AuEq (17.42 gpt Au and 9.51 gpt Ag) over 6.00 meters and 34.85 gpt AuEq (34.47 gpt Au and 17.48 gpt Ag) over 3.00 meters.
Some other drill holes highlighted in the recent press release from January 9th:
- Drill hole# GD-23-220 intersected the Surebet Zone and assayed 13.24 gpt AuEq (10.05 gpt Au and 154.71 gpt Ag) over 5.10 meters, including 21.74 gpt AuEq (16.51 gpt Au and 253.41 gpt Ag) over 3.10 meters.
- Drill hole# GD-23-221 intersected the Surebet Zone and assayed 7.91 gpt AuEq (7.44 gpt Au and 22.40 gpt Ag) over 7.15 meters within 4.43 gpt AuEq (4.16 gpt Au and 12.87 gpt Ag) over 13.00 meters.
Next we reviewed that there are still assays pending at the lab to return back from the exploration work done up north at the Cambrian Ice Fields, where the exploration team did some channel cuts and sampling program to release to the market. This area along with many other prospective regional targets shows the potential for a number of regional exploration targets to follow up on across their large land package.
We wrapped up reviewing the $3Million capital raise announced on December 21st, where Rob McEwen increased his ownership in the Company by doubling his position to more than 5% on a partially diluted basis. Additionally, Crescat Capital LLC, Goliath’s largest shareholder, and a strategic institutional shareholder also purchased units to maintain their 18.4% partially diluted and 9.9% partially diluted ownership, respectively. These add-on investments demonstrate that Goliath continues to receive the ongoing financial support of strategic investors recognized globally for mining and specializing in precious metals.
- In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.