20 hours ago
Goliath Resources – Largest Ever Drill Program Expanded To 60,000 Meters, First Assay From The Relogging Of Previously Drilled Core Returned High-Grade Gold
Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins me to review the news out today on June 25th that announced the Company had increased its largest drill program to date, now totaling 60,000 meters with 9 rigs, that is 100% focused on the extensive Surebet high-grade gold discovery on the Golddigger Property located in the Golden Triangle of British Columbia.
The increase to this year’s exploration focus is in light of the newly discovered widespread abundant visible gold seen with the naked eye in multiple reduced intrusion related gold (RIRG) dykes, as well as in the calc-silicate altered breccia during the re-logging initiative of core drilled between 2021 – 2024 that significantly expands the area of strong gold potential. We discussed that the bigger drill program is also focused on following up on the positive results from the 2024 drill season, that tapped into even more higher-grade sheer zones at depth, and which has greatly improved the understanding of this large mineralized system that remains open for expansion in all directions.
Over the last 2 months the exploration team went through the process of relogging prior year’s drill core, based on the conclusions from the Colorado School Of Mines geological study which confirmed a common causative Reduced Intrusion Related Gold (RIRG) source at the Surebet discovery. On June 23rd, the Company announced Drill hole GD-22-64, which assayed 6.31 g/t AuEq Over 14.35 meters, including 11.36 g/t AuEq Over 7.85 meters from a gold-rich intrusive feeder dyke and this was the first result of 75 drill holes relogged, many of which contain gold visible to the naked eye over broad intervals identified in 2025 so far.
Armed with this understanding that dykes found on the Project have the potential to be mineralized with this intrusive style of gold, this changes how to interpret prior drilling, and how to move forward now drilling through those dykes into other mineralized horizons instead of avoiding them. Roger highlights the tremendous untapped discovery potential at the Golddigger Project in the Golden Triangle of British Columbia.
Wrapping up we discussed the news released on June 18th, which announced that in addition to the bought deal financing that closed earlier in the month of 7,256,500 common shares of the Company at a price of C$3.17 per Charity Flow-Through Share for gross proceeds of C$23,003,103, that it has also closed a concurrent non-brokered financing of 1,281,545 Charity Flow-Through Shares priced at C$3.17 for gross proceeds of C$4,062,500 for a combined total of C$27,065,605 raised for the Company.
If you have any questions for Roger about Goliath Resources, then please email me at Shad@kereport.com and then we’ll get those answered or covered in a future interviews.
- In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording and may choose to buy or sell shares at any time.
No comments yet. Be the first to say something!