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Visible Gold in Goliath’s First Drill Hole of 2023 at Golden Gate Feeder Zone, Surebet Extension - Remains Wide Open - Golden Triangle, B.C.
Initial 2023 Drill Campaign Highlights: Visible Gold has been identified in GD-23-111, the first hole of 2023 at a depth of 33.13 meters from Pad TS-1 (see imag
About this update from Goliath Resources Limited
[{"type":"text","content":" Initial 2023 Drill Campaign Highlights: Visible Gold has been identified in GD-23-111, the first hole of 2023 at a depth of 33.13 meters from Pad TS-1 (see image below). The occurrence of visible gold strongly indicates the potential for very high-grade gold intervals in a zone dubbed the “Golden Gate Feeder Zone” (see image below). The first pad of the 2023 season was chosen based on snow conditions and the first hole was targeted to test the mineralization extension of the Surebet Zone and Bonanza Shear, a ~250 meter step out to the northeast of 2022 drill intercepts from Pad A.An accompanying infographic is available at Click Here Hole GD-23-111 collared from Pad TS-1, intersected a 36.98 meter* interval of sulphide mineralization characterized by veins, stringers and patches of semi-massive pyrrhotite (up to 2%) with minor sphalerite (up to 1 %) in quartz stockwork and breccia from 92.70 to 129.68 meters within the sedimentary units. This interval is followed by a second interval of 44.32 meters* of altered andesite from 129.68 to 174.00 meters which contains stringers and semi-massive patches of sulphides (mainly pyrrhotite up to 1 % and sphalerite up to 1 %) (see image below).An accompanying infographic is available at Click Here The main mineralized interval is interpreted to be the northeast extension of the Bonanza Shear that defines the contact between the sedimentary units and the underlying volcanic units. Localized skarn-style alteration containing garnet has been observed at 126.90 meters further suggesting the presence of a potential porphyry feeder source at depth. The Golden Gate Feeder Zone is a high-grade gold mineralization zone located at the transition between the Surebet Zone and the Extension Zone. It is characterized by high-grade and wide intercepts of gold mineralization where several structures that act as potential fluid conduits meet (see image below).An accompanying infographic is available at Click Here Visible Gold was also identified and reported in 2022 from hole GD-22-49 at a depth of 116.50 meters. This hole is also located in the Golden Gate Feeder Zone resulting in a 166 AuEqgm value intersecting 21.30 gpt AuEq (20.46 gpt Au and 40.06 gpt Ag) over 7.77 meters*, including 27.55 gpt AuEq (26.47 gpt Au and 51.55 gpt Ag) over 6.00 meters* (see image be...