Goliath Resources Ltd. (GOT) are eyeballing more gold. Goliath lost one cent to $1.26 on 333,000 shares after it said that a new hole drilled at the Surebet discovery on the Golddigger property in northwestern British Columbia has returned the "highest concentration of visible gold" drilled so far on the target.
The 13.1-metre interval, which intercepted the Bonanza zone at Surebet, "looks similar to" an earlier hole that assayed 34 grams of gold equivalent per tonne over a nine-metre true width about as close as one can get to putting numbers to an eyeball assay. Most of the enthusiasm and nearly all the jargon was reserved for the Surebet drilling, although Mr. Rosmus, founder and CEO, also touted drilling at Treasure Island as having returned some intriguing intervals.
Mr. Rosmus nevertheless left the cheerleading to Dr. Quinton Hennigh, who is the technical and geological director of Crescat Capital, Goliath's strategic shareholder. Crescat's strategy has been to invest in many an intriguing metals project and Dr. Hennigh's strategy is to offer enthusiastic spins as to why. "This is proving to be a summer of discovery at Golddigger," Dr. Hennigh clapped, noting that Bonanza has delivered a succession of core intercepts displaying visible gold, with this latest hit appearing to be "notably rich in gold particles."
This, Dr. Hennigh theorizes, "might indicate that the Bonanza structure was a main fluid conduit at the time of gold deposition," adding that more veins have been discovered at depth, a very promising sign. The mineralogy of these veins is nearly identical to Surebet and other shallower veins -- a clear sign they are of the same origin, he glows. He has more to say, all of it with enthusiasm, concluding that all of this evidence points to a very large, perhaps reduced intrusion-related gold system at Golddigger