Goliath Resources – 8 Drill Rigs Turning At Expanded 36,000 Meter Exploration Program At Surebet Reveals 66% Of 2024 Drill Holes Contain Visible Gold, Discoveries Of New Deep Zone And Blue Origin Zone
Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins me to review the expanded 36,000 meter exploration program that now has 8 drill rigs turning around the Surebet Discovery, at the Golddigger Property, located in the Golden Triangle, British Columbia; where 66% of the holes contain visible gold. We also discuss the 2 recent discoveries of a New Deep Zone that is highly mineralized down in the volcanics, and also a new intrusive-type of mineralized discovery called Blue Origin. Additionally, we discuss a new video released by the Company highlighting some recent ground work at the Jackpot Zone in preparation of drilling this month, as well as more drilling that was completed into the new Treasure Island VMS target in the Cambria Ice Fields.
We kick things off with Roger outlining that 100% of the holes drilled into the Surebet Discovery during the 2024 drill season have intercepted continuous strong mineralization in the targeted veins, and 66% of them contain visible gold. The gold mineralization remains open in all directions, and the focus has been on expanding the Bonanza Shear Zone. The recent press release from September 3rd mentions that Drill Hole # GD-24-260 has the highest concentration of Visible Gold drilled to date at the Surebet Discovery.
Then we move over to the recent discovery of a New Deep Zone discovered at 1,239 meters below surface containing multiple quartz veins with chalcopyrite, galena and sphalerite demonstrating the tremendous additional untapped discovery potential of the Surebet system.
There was also a new Blue Origin discovery, which comprises a series of veins up to 20 cm wide containing bismuth minerals, molybdenite and chalcopyrite, hosted in a felsic intrusion located 4 kilometers to the south of the Surebet discovery. This intrusion could be spatially related to Surebet as an uplifted part of the potential feeder source below the 1.8 km2 area that remains open. Roger goes on to outline that this mineralization strongly resembles a Reduced Intrusion-Related Gold system (RIRG), and that the Company has increased its 100 % controlled land package from 66,000 ha to 91,518 ha (28 % increase) to include open ground amenable to this type of mineralization (see map below).
We then transitioned over to focus on a new corporate video on the Jackpot Zone, just released yesterday, highlighting that a new 7mm gold leaf was just found nearby a grab sample (ST116183) taken in 2023 that assayed 21.5 oz/t AuEq or 667.40 gpt AuEq (636 gpt gold, 1,690 gpt silver, 7.96 % copper, 2.22 % lead) and comes from a 30 cm wide quartz vein with 15 % chalcopyrite, 7 % pyrite, and 1 % galena hosted in a shear comprised of strongly silicified Porphyritic Andesite within the Hazelton Volcanics. This is the largest gold leaf ever found in a grab sample exposed at surface from the Surebet Discovery – Jackpot Showing. The visuals show abundant native ‘wire gold’ along fracture surface, with gold-hosted bismuth and trace pyrite hosted within a quartz vein. Jackpot is scheduled for drilling in 2024, later this month.
Next we pivoted up to the Cambria Ice Fields, where extensive high-grade quartz-sulphide mineralization on the original Treasure Island discovery with channel samples that assayed up to 28.08 gpt AuEq and grab samples that assayed up to 11.08 gpt AuEq has been traced in drill holes for 450 meters of strike that remains open in all directions with 2,938 meters drilled from 4 pads. The drilling is completed now and assays are pending.
Wrapping up we have Roger outline for us through the capital management and financial health of the company, announcing a capital raise of $7,366,750 by way of a non-brokered charity flow through private placement at a price of $1.975 per share (no warrant). A strategic Singapore based Global Commodity Group (“GCG”) has agreed to purchase 1,600,000 shares. GCG recently participated in Goliath’s $1.11 non-brokered hard dollar private placement that closed in August and will own 3.6% post this financing. This gives the company plenty of runway to keep expanding the drill program, while keeping some capital reserved to kick things off the beginning of the next drill season.*
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.
