- Goliath Resources (TSXV:GOT) reported visible gold in the first hole of the 2023 season from its Surebet discovery in British Columbia
- The discovery was made in the Golden Gate Feeder Zone at its 100 per cent controlled Golddigger property covering 590.8 square kilometres in the province’s Golden Triangle region
- Visible gold has been identified in the first hole of 2023 at a depth of 33.13 metres
- Goliath Resources Stocks (TSXV:GOT) opened trading at $0.92 per share
Goliath Resources (TSXV:GOT) reported visible gold in the first hole of the 2023 season from its Surebet discovery in British Columbia.
The discovery was made in the Golden Gate Feeder Zone at its 100 per cent controlled Golddigger property covering 590.8 square kilometres in the province’s Golden Triangle region.
Visible gold has been identified in the first hole of 2023 at a depth of 33.13 metres. The occurrence of visible gold strongly indicates to the company the potential for very high-grade gold intervals in a zone dubbed the “Golden Gate Feeder Zone.”
Visible gold was also identified and reported in 2022 from hole GD-22-49 at a depth of 116.50 metres.
Source: Goliath Resources Ltd.
The 2023 drill campaign includes 70 holes from 21 separate drill pad locations with four diamond drill rigs, including a maiden drill program at the newly discovered high-grade Goldswarm Zone.
New high priority exploration targets with the focus on developing new drill targets within and beyond the Surebet Corridor provide excellent discovery potential.
Source: Goliath Resources Ltd.
The company’s founder and CEO, Roger Rosmus, said in a news release that the team is off to impressive start of the drill season, where visible gold and substantial intervals of Surebet-style sulphide mineralization has been confirmed in the first exploratory hole of the year.
“It is an approximately 250-metre step out expanding upon a previously unknown area of mineralization to the northeast of Pad A where GD-22-49 also contained visible gold. Mineralization confirmed in GD-23-111 strongly indicates the presence of a large mineralizing system and potential feeder source in the Golden Gate Feeder Zone,” Rosmus said. “The planned approximate 18,000-metre drill program is designed to expand the footprint of the Surebet Zone and Bonanza Shear in all directions and includes a maiden drill program at the newly discovered high-grade gold-silver Goldswarm Zone, located 4 km on strike to the north of Surebet that is believed to part of the same mineralizing system feeding Surebet. Surebet is shaping up to become the next big high-grade gold-silver discovery in the Golden Triangle, B.C. We look forward to reporting assay results with much anticipation.”
The company stated that the presence of visible gold in the mineralized intercepts at Surebet, is further confirmation of the exceptional results obtained from the metallurgical study performed on composite samples of combined core completed in 2021 and 2022 that have demonstrated overall recoveries through gravity and floatation of 92.2 per cent gold, 86.5 per cent silver, 94.2 per cent lead and 96.9 per cent zinc into a concentrate weighing just 11.9 per cent of the original sample mass.
Goliath Resources is a precious metals exploration company with projects in the Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Québec. The company recently reported 18,000 metres of diamond drilling, including a maiden drill program on its newly discovered Goldswarm Zone, is underway at its 100 per cent controlled Golddigger Project B.C. Click here to read more.
Goliath Resources Ltd. (GOT) opened trading at $0.92 per share.
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