Speaking of new drill programs, Roger Rosmus's Goliath Resources Ltd. (GOT) dropped one cent to 86 cents on 97,000 shares on word it has begun a new program on its Lucky Strike project in northwestern British Columbia. The 2,000-metre effort will test two separate mineralized gold targets that are exposed at surface, but which have never been drilled before.
Mr. Rosmus, founder and CEO, applauds Bullseye, the first of those features, as a "drill-ready target that shows all the right components for an extensive gold-copper porphyry mineralizing system." He points to surface mineralization, textures and alteration as key among those components. Bullseye remains "open in all directions" -- which of course it would be, having never been drilled before. The Bullseye target is large, centred on a 1,200-by-1,000-metre alteration system, and with geophysical interpretations that are deemed consistent with a porphyry signature.
Mr. Rosmus goes back to the same promotional well for a description of the other target slated for drilling. Goldsource, he cheers, is a high-grade-gold breccia system deemed a "drill-ready target that shows all the right components for an extensive gold mineralizing system including surface mineralization, textures, and alteration," again one "that remains open in all directions." Goldsource has produced grab sample assays of up to 96.8 grams of gold per tonne and it lies within a corridor of sheeted mineralized veins that run for more than 1,500 metres east-to-west in an area over 200 metres wide.
Mr. Rosmus says that Goliath is a project generator and seasoned explorer with a focus on new discoveries. He adds that the Bullseye and Goldsource targets have a confirmed presence of significant gold mineralization, and so he and his crew "look forward to testing these new discoveries for the first time with the drill bit in 2023." The assays expected from this new program, he cheers, along with assay results from about 18,000 metres of drilling at the company's Golddigger property, "should provide substantial news flow catalysts." Indeed, but the question is if the assays to come will provide catalysts to push the company's stock higher