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Goliath Significantly Upsizes Fully Funded 2025 Drill Program From 40,000 Up To 60,000 Meters Based On Newly Identified Widespread Abundant Visible Gold In Multiple Drill Holes At The Surebet High-Grade Gold Discovery, Golddigger Property, Golden Triangle, B.C.
The previously announced 40,000 meter drill program has been increased up to 60,000 meters with 9...
About this update from Goliath Resources Limited
[{"type":"text","content":"Goliath Significantly Upsizes Fully Funded 2025 Drill Program From 40,000 Up To 60,000 Meters Based On Newly Identified Widespread Abundant Visible Gold In Multiple Drill Holes At The Surebet High-Grade Gold Discovery, Golddigger Property, Golden Triangle, B.C.\n\n\n\n\n\n The previously announced 40,000 meter drill program has been increased up to 60,000 meters with 9 drill rigs that is fully funded on the Surebet high-grade gold discovery. This significantly upsized program 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 (see map below).\n \n\n\n\n\n\n This ambitious drill program is fully funded, based on the Goliath’s solid balance as of March 31, 2025, plus the recently closed and upsized charity flow through financing of $27,000,000 priced at $3.17 per share (no warrant). The program will be focussed on expanding the lateral extent of the footprint of this high-grade gold system beyond 1.8 km², and also outline the geometry to depth, while vectoring in on the Motherlode Causative Intrusive Source. The extensive Surebet system remains wide open in all directions providing for excellent additional gold discovery potential.\n \n\n\n\n\n\n 5 drill rigs are currently turning, and the remaining 4 rigs will be arriving onsite soon for a total of 9 rigs.\n \n\n\n An accompanying infographic is available at:\n \n https://www.globenewswire.com/NewsRoom/AttachmentNg/f7c7fc18-8d3f-4b25-901a-ccabfc6e67d7\n \n\n\n\n\n\n Recently released assay results from the re-logging initiative of holes drilled between 2021 – 2024 include a new interval from drill hole GD-22-64 comprised of a RIRG dyke believed to be directly related to the Motherlode Causative Intrusive Source. It contained gold visible to the naked eye and assayed 6.31 g/t AuEq over 14.35 meters, including 11.36 g/t AuEq over 7.85 meters. There are also 7 additional drill holes from this re-logging initiative with multiple intervals containing visible gold seen with a naked eye associated with RIRG dykes, calc-silicate altered breccias and known shears/veins for which assays are p...