Goliath Resources Ltd V.GOT

Ronald Wortel’s Post on LinkedIn

[yukon_gold]

Ronald Wortel
 
Analyst and Advisor, Finding Value in the Resource Sector and Telling the Market about it
 
Zacks Investment Research (Zacks SCR) coverage company Goliath Resources Limited (OTCQB:GOTRF) announced additional high-grade gold results from drilling at their Surebet Prospect on the Golddigger Project in BC's Golden Triangle. Surebet continues to show the potential to add resources with ongoing drilling. #goldexplortion #golddiscovery #bonanza #GoldenTriangle #Golddigger Their excellent results in drillhole GD-24-249 intersected 7.27 oz/t AuEq (225.03 g/t Au and 88.90 g/t Ag) over 1 meter within a larger interval consisting of 45.60 g/t AuEq or 1.5 oz/t AuEq over 5.95 meters near surface between 71.65 – 77.60 meters as part of a high-grade area within the expanded high-grade gold Bonanza Zone at Surebet Discovery that remains wide open. The Bonanza Triangle is now a polygon as highlighted below and is now simply the Bonanza Zone. The additional intersection reported in hole GD-24-249 expanded the area of the Bonanza zone by ~180%. The reported interval of the high-grade intersection of 5.95 m is approximately 60% of the average used in our resource target estimate for this Zone. The intersection value, grade x thickness, is 80% of the high-grade range and close to 200% of the lower-grade range used in our estimates. We see a substantial increase in the overall mineral resource target estimates for the Bonanza Zone. These ongoing results show the potential for the mineralizing system at Surebet to deliver high-grade results and expansion as the drilling program continues as highlighted in our updated research coverage on the Company at: https://scr.zacks.com https://lnkd.in/gw9RUSWW This release also provided another confirmation for the potential expansion of the mineralizing system at Surebet within the Reduced Intrusive Related Gold porphyry dyke targets. These newly discovered gold-rich porphyritic dykes that contain veins with visible gold, molybdenum and bismuth mineralization strongly suggest the presence of a large Reduced Intrusion Related Gold system at Surebet. Drill holes GD-24-237, GD-23-180 and GD-21-226 are the first holes containing mineralized porphyritic dyke material for which the Company has received results, and all contain considerable amounts of gold. Drill hole GD-24-237 intercepted 10.50 g/t AuEq (10.41 f/t Au and 7.15 g/t Ag) over 7.00 meters, including 14.68 g/t AuEq (14.55 g/t Au and 9.82 g/t Ag) over 5.00 meters, and 24.42 g/t AuEq (24.22 g/t Au and 16.01 g/t Ag) over 3.00 meters. The lateral extent of the dykes within the Surebet Prospect is not given at this time. These mineralized dykes hold the potential to add ounces within the Surebet Prospect and confirm another of the project's Key Points in our coverage. Assays are pending for 101 drill holes providing for a stream of news flow for the Company into 2025. #equityresearch


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