Goliath Resources – Comprehensive Exploration Update From The Golddigger Property In The Golden Triangle
Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF), joins us for a comprehensive update on the exploration strategy and some of the first assay results from the 34,000 meter drill program this year at the Golddigger Property, located in the Golden Triangle of British Columbia.
We start off having Roger break down the work that the exploration team has done over the 3 main areas that got the majority of the dilling: The Surebet Zone in the sediments, the Bonanza Shear Zone at the contact zone of the sediments, and the newly discoved Golden Gate Zone down below in the volcanic mineralization. So far the company has only released the first 5 drill hole assays from this year’s exploration program, with many more to release to the market in the months ahead.
A few recent exploration highlights released to the market just in the last few weeks:
On September 7th, Goliath drilled 19.15 meters of abundant visible gold in the newly discovered outcropping Golden Gate Zone, which could be proximal to the feeder source at the Golddigger Property. (assays pending)On September 14th, news was released that drill hole# GD-23-173 intercepted visible gold and significant quartz-sulphide mineralization in 2 broad mineralized intervals. The main interval intercepted consisted of 14.68 g/t AuEq (5.81 g/t Au and 719.13 g/t Ag) over 26.89 meters (approx. true width) including 23.89 g/t AuEq (9.40 g/t Au and 1176.14 g/t Ag) over 15.49 meters and 33.02 g/t AuEq (10.97 g/t Au and 1817.34 g/t Ag) over 9.60 meters.
On September 18, 2023 Goliath announced drill hole# GD-23-203 intercepted a 15.8 meter interval containing abundant Visible Gold with nuggets up to 1.7mm in size. This intercept corresponds to the Bonanza Shear, the contact between the Hazleton sedimentary and volcanic units.
On September 19th, Goliath announced drill hole# GD-23-226 intercepted a 23.65 meter interval containing abundant Visible Gold included within 30.98 meters of wide strongly mineralized quartz breccia and stockwork at Surebet Zone, that is hosted within the Hazelton Sediments. Mineralization consists of galena, sphalerite, pyrrhotite and minor chalcopyrite.
On September 20th, news was released reporting that the Company has upsized the previously announced non-brokered private placement has been upsized to a total of $8,600,000. Mr. Rob McEwen and Crescat Capital LLC have both agreed to make a strategic investment in Goliath through this placement. We wrapped up discussing how this sets up the company treasury after essentially doubling the drill program in 2023 and looking ahead to work in 2024.
- In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.