Roger Rosmus's Goliath Resources Ltd. (GOT) rose nine cents to $1.28 on 656,000 shares. The company said late Monday that it has drilled its first four new holes at the Treasure Island outcrop target on the Cambria icefield portion of its Golddigger property -- about 35 kilometres north of the Surebet deposit in British Columbia. Assays are pending, but Mr. Rosmus, CEO, is already applauding the results. The holes have "all hit abundant mineralization" across intervals of up to 9.8 metres and the outcropping mineralized targets remain "wide open."
Most of Goliath's Golddigger drilling has been centred on the Surebet discovery, but Mr. Rosmus says that "part of our plans include regional exploration on other areas" of the 66,600-hectare Golddigger project. He points out that, until recently, much of the ground had been covered by glaciers and permanent snowpack, so this is a first look at parts of the property. The maiden drilling at Treasure Island target "is off to a great start and showing signs that it could be a second important discovery," Mr. Rosmus glows, adding that he and his crew are looking forward to "an expanded drill campaign" -- along with a continuation, one presumes, of the effects of global warming on the Cambria ice.
The much-drilled Surebet discovery has been yielding high-grade encouragement, with visible gold noted in about one-third of the over 120 holes completed so far. Assays included intercepts of up to 64.88 grams of gold and eight grams of silver per tonne across 7.9 metres, and there have been several narrow intervals grading above 100 grams of gold per tonne. And so, Mr. Rosmus and his backers are undoubtedly hoping for more of the same from Treasure Island.