Goliath Intercepts The Highest Concentration Of Visible Gold To Date At Surebet Where 66% Of 2024 Drill Holes Contain Visible Gold, Discovers New Deep Mineralized Zone 1.2 Km Below Surface, Remains Open, And Significantly
Goliath Intercepts The Highest Concentration Of Visible Gold To Date At Surebet Where
66% Of 2024 Drill Holes Contain Visible Gold, Discovers New Deep Mineralized
Zone 1.2 Km Below Surface, Remains Open, And Significantly
Expands Drilling To 36,000 Meters With 8 Rigs Turning
Surebet Drill Highlights:
Drill hole GD-24-260 has the highest concentration of Visible Gold drilled to date at the Surebet
Discovery. This intercept suggests this structure is a principal conduit for gold-depositing fluids
and is likely close to the heat engine driving this system that remains open (see image below).
Drill hole GD -24-260 intercepted the Bonanza Zone between 533.9 0 – 547.00 meters (over
13.10 meters) and remains open which includes the highest concentration of visible gold to
date with a vein-hosted band of semi-massive pyrrhotite that looks similar to GD-23-197 that
assayed 34.03 g.t AuEq (1.09 oz/t AuEq) over 9 meters (~true with) (see image below).
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 that remains wide open (assays pending). Drilling of
the new Deep Zone is ongoing (see image below).
The deepest downhole mineralized interval intercepted to date is from the new Deep Zone at
a depth of 890 meters downhole (1.239 kilometers below the surface) and consists of a 1.75-
meter interval from 890.90 – 892.65 meters with quartz veins containing significant amounts
of chalcopyrite, galena and sphalerite and remains wide open.
Based on 100 % hit rate as well as all the visible gold seen in 66% holes (22 out of 33 holes)
drilled to date in 2024, Goliath has expanded the program from 15,000 to up to 36,000 meters
with 8 drill rigs currently operating (see image below).
Bonanza Zone continuity of the thick high -grade gold horizon being drill tested with 21 new
holes where GD-24-197 returned 34.03 g/t AuEq (1.09 oz/t AuEq) over 9 meters (~true width)
and GD-24-235 returning 35.04 g/t AuEq (1.13 oz/t AuEq) over 5.25 meters (~true width).
Significant amounts of Visible Gold have been identified in multiple veins hosted in
intermediate porphyritic dykes in drill holes GD -24-237 and GD -24-240. Investigation of the
mineralization in the dykes is ongoing (see image below).
The new Blue Origin discovery 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 (see image below).
Based on the newly discovered Visible Gold, bismuth minerals, molybdenite and chalcopyrite
in the felsic to intermediate porphyritic dykes on Surebet as well as in the intrusions
surrounding Surebet (i.e. Blue Origin) that strongly resemble a Reduced Intrusion-Related Gold
system (RIRG), 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).
Currently the 100 % controlled Golddigger property encompasses 56 km of the Red Line in
world class geologic terrane. This geologic conta ct between Triassic age Stuhini rocks and
Jurassic age Hazelton rocks is used as key marker when exploring for gold -copper-silver
mineralization in the Golden Triangle.
With only two months of drilling in the 2024 season Goliath Resources has already quadrupled
the known depth extent of mineralization from 300 meters to over 1.2 km beneath the surface
and remains wide open. This clearly demonstrates the tremendous discovery potential
remaining and proves that we have barely begun to scratch the tip of the iceberg.
Deep drilling is ongoing, focussed on discovery, including tapping into the feeder source of this
extensive new high-grade gold system covering an area of over 1.8 km2 and remains open.
Additional drilling will target the Jackpot surface outcrop showing from a quartz-sulphide vein
with 500 m eters of strike that assayed 21.5 oz AuEq or 667.40 gpt AuEq (636.00 gpt Au,
1,690.00 gpt Ag, 7.96 % Cu, 2.22 % Pb) on located 1 km southeast of Surebet and believed to
be associated with the same mineralizing system as Surebet (see image below).
Treasure Island Highlights:
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 m eters of strike that remains open in all
directions with 2,938 meters drilled from 4 pads (see image below).
The mineralized intervals average 29.99 meters wide and on average include 6.79 meters of
moderate, semi-massive and massive sulphide mineralization in quartz -sulphide breccia over
450 meters of strike extent that remains open (see table below).
Treasure Island
Mineralized Intervals
Including moderate,
semi-massive and
massive sulphide
Hole ID Pad ID From To Interval From To Interval
TI-24-01 Pad 1 376.64 415.29 38.65 376.64 386.44 9.80
TI-24-05 Pad 2 23.40 71.75 48.35 23.40 29.60 6.20
TI-24-08 Pad 3 53.00 65.70 12.70 59.30 65.70 6.40
TI-24-12 Pad 4 120.50 140.75 20.25 136.00 140.75 4.75
Average 29.99 6.79
Drill hole TI -24-01 intercepted a 9.8 meter interval of mineralization containing quartz
stockwork and breccia hosting massive chalcopyrite (up to 8%) and pyrite (up to 10%) in a zone
that remains open (assays pending).
The strong sulphide mineralization encountered in drill hole TI -24-01 is comparable to what
was observed in a surface channel cut, which assayed up to 28.08 gpt AuEq (20.60 gpt Au, 63.60
gpt Ag and 5.04 % Cu) over 0.85 meters and confirms the continuity of the system at depth (see
image below).