Roger Rosmus's Goliath Resources Ltd. (GOT) rose five cents to 93 cents on 458,000 shares. The company says it has "fast-tracked its 49-per-cent ownership in the Golddigger property" in the Golden Triangle area of northwestern British Columbia. It has exceeded the $14-million spending requirement laid out in the option agreement from the spring of 2017 to earn a 100-per-cent interest. The company has acquired its minority interest ahead of time through an amendment to the deal, issuing 10 million shares to the vendor. It will get the other 51-per-cent interest by declaring a resource of at least two million ounces before mid-2027 as previously required.
Mr. Rosmus, founder and CEO of Goliath, was "very pleased" with the arrangement, deeming that Golddigger "already is a remarkable gold discovery" with multiple zones that transition from the sediments into the contact of the sediments and volcanics, and then into the volcanics. With further drilling, he is confident that the company will continue to discover "multiple zones that lead to the heat engine that caused the widespread gold mineralization."
He blathered on from there, gushing about the "excellent continuity" of the mineralization and the frequency of visible gold noted in the drill core. He pointed to the newly discovered Jackpot outcrop as a promising area that "clearly demonstrates the strong possibility for many more discoveries." Assays have been encouraging, but that maiden resource is still well in the future.
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