Tidbits Not all assays delivered the Midas touch today. Roger Rosmus's Goliath Resources Ltd. (GOT) shed 25 cents to $1.06 on 2.22 million shares on word that it has drilled a five-metre interval averaging 23.17 grams of gold and 6.32 grams of silver per tonne plus modest amounts of base metals in a 100-metre westward stepout from the Surebet Main zone on its Golddigger project in northwestern British Columbia. A second stepout, 650 metres farther westward, produced 12.93 grams of gold and 69 grams of silver per tonne over a six-metre interval.
Goliath now cheers the weighted averages for 66 holes into the Surebet zone as showing 4.74 grams of gold and 64.35 grams of silver per tonne plus modest amounts of base metals over an average of 5.33 metres. Remember these are intersections, not true widths, which the company believes are between 80 and 90 per cent of the stated core lengths.
Mr. Rosmus, CEO, was predictably pleased with the confirmation of "exceptional results" from the drilling this year -- results that show the "incredible continuity of this discovery" and its "excellent metallurgy." This is, he reiterates, in case you missed it moments ago, "an exceptional result for an original discovery that has advanced at an incredible rate" since the maiden drill program began last fall.
Mr. Rosmus is looking forward to revealing the assays from 27 pending holes, but today's reaction suggests investors are expecting assays like Goliath delivered early this month. Then, word that an 11-metre hit in the South Cliff Stepout area averaged 22.03 grams of gold and 127.6 grams of silver per tonne sent the company's stock to a high of $1.74, capping a six-session rally that began at $1.35. That headline hit had plenty of good company, and Mr. Rosmus let the numbers do much of the cheering -- he mustered just a single "exceptional" and nary an "incredible" in his spiel at that time.
© 2022 Canjex Publishing Ltd. All rights reserved.