Goliath Resource – First Drill Assays From 2024 Exploration Program Return High-Grade Gold Intercepts
Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins us to to discuss the first drill assays from the 2024 exploration program intersecting high-grade and broad width gold intercepts from 2 different drill holes, with assays still pending on other intercepts from the these holes at depth. These results kicks off the assay reporting from the 15,000 meter drill program with a proposed 62 holes from 22 drill pad locations with up to three diamond drill rigs, across the 10 gold veins delineated at the Golddigger Property, located in the Golden Triangle, British Columbia.
- Drill hole GD-24-235 intercepted abundant visible gold and high-grade gold mineralization containing 35.04 g/t AuEq (34.16 g/t Au and 34.15 g/t Ag) over 6.34 meters ~true width, within 15.86 g/t AuEq (15.40 g/t Au and 17.11 g/t Ag) over 11.9 meters, corresponding to the Bonanza Shear (see image below).
- Assays are pending from GD-24-235 on an additional 24.4 meter intercept of a porphyritic intrusion between 529.29 - 553.67 meters downhole. It contains veins with abundant visible gold, molybdenite up to 2 mm in size and bismuth that indicates increased confidence in the proximity of the feeder source of the Surebet system.
- Assays are also pending on a 10 meter interval from GD-24-235 between 550 and 650 meters downhole that is hosted within the andesite in a series of closely spaced quartz sulphide veins being observed. It contains abundant visible gold, up to 30 % pyrrhotite, 3 % chalcopyrite, 1 % sphalerite, and 1 % pyrite.
- The 11.9 meter interval reported from GD-24-235 of high vein density sits between 445 - 457 meters downhole. Oriented core confirms near true width of mineralized vein widths, multiple large quartz-sulphide veins corresponding to the Bonanza Shear located just below the contact between Upper Hazelton sedimentary and Lower Hazelton volcanic units containing abundant visible gold, up to 2 % sphalerite, 1 % galena, 1 % chalcopyrite, 2 % pyrrhotite, and 3 % pyrite.
- The increase in coarser gold and base metal components observed with depth, suggests stronger mineralization in deeper parts of the system as drilling ventures past the valley floor. Which suggests that drilling is closing in on the heat engine source of the gold mineralizing system.
- Drill Hole GD-24-236 (200 Az/-45 Dip, EOH 351.0 m) collared from Go-For-Gold Pad above the main Surebet Zone intercepted high-grade gold mineralization containing 4.14 g/t AuEq (3.02 g/t Au and 63.55 g/t Ag) over 6.0 meters including 6.79 g/t AuEq (4.96 g/t Au and 78.03 g/t Ag) over 3.04 meters interpreted to be the Surebet Upper Zone.
Roger shares the key takeaways from intercepts into the Bonanza Shear Zone but that assays are still pending from the Golden Gate Zone, and a new discovery dubbed the Mothership Feeder Zone of a 24.4 meter porphyritic intrusion between 529.29 – 553.67 meters downhole containing veins with abundant visible gold, molybdenite up to 2 mm in size and bismuth, which indicates increased confidence in the proximity of the feeder source of the Surebet system that remains wide open. We also discuss that later in the year there will be more deeper holes drilling into the volcanics from other drill pads, and also drilling a the Jackpot Zone, about 1.4 kms away, that has shear-hosted quartz-sulphide veins with higher copper values and high-gold values. Roger shares where some of the next holes are being drilled, and some of the other objectives from this year’s exploration program, and the steady stream of news on tap for the balance of this year.
If you have any questions for Roger about Goliath Resources, then please email us at Shad@kereport.com or Fleck@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.
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