Goliath Resources stock surges on drill results at Golddigger property in BC’s Golden Triangle 

Goliath Resources (TSXV: GOT) stock surged on Tuesday following Monday’s drill results at the Surebet discovery at its 100% controlled Golddigger property in British Columbia’s Golden Triangle.  

The Golddigger property spans 666 square kilometres and is strategically positioned within the Golden Triangle’s Eskay Rift, a world-class geological setting known for its mineral potential. 

Hole GD-24-260 intercepted the highest concentration of visible gold and its best high-grade gold drill hole to date at the Surebet discovery from the Bonanza high-grade gold zone that sits ~200 meters above the valley floor level. Mineralization is within a vein-hosted band of semi- massive pyrrhotite, where the gold occurs in alloys with silver, bismuth and tellurium, the company said.  

Mineralization was also intercepted in the Surebet zone that sits above Bonanza; both remain open. At the Bonanza Zone: 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq(165.84 Au and 16.07 Ag) over 8.00 meters. 

At the Surebet zone: 5.51 g/t AuEq (5.39 g/t Au and 9.82 g/t Ag) over 3.40 meters within 2.96 g/t AuEq (2.89 g/t Au and 5.46 g/t Ag) over 6.35 meters. 

GD-24-275 intercepted two separate stacked veins of high-grade gold, silver and base metals corresponding to the Surebet and Bonanza Zones characterized by sulphide rich quartz breccia; both remain wide open. 

More results the Surebet Zone include 5.00 g/t AuEq (4.88 g/t Au and 9.94 g/t Ag) over 6.00 meters, including 6.67 g/t AuEq (6.60 g/t Au and 13.07 g/t Ag) over 4.42 meters. 

Goliath Resources has attracted high profile Canadian mining investors, including Eric Sprott, with a C$2 million ($1.6m) strategic investment in the form of a non-brokered private placement, which gives Sprott an 8.5% stake post-financing.  

In 2022, Crescat Capital acquired a 19.9% stake in the company and in 2023 Rob McEwan upped his stake in the miner to 5% (on a partially diluted basis) with the purchase of approximately 1.43 million units via a private placement. 

“The more we drill, the bigger and higher grade the Surebet system gets,” CEO Roger Rosmus said in Monday’s news release. “This has been clearly demonstrated by 100% of the holes drilled intercepting targeted zones or multiple stacked veins of mineralization, of which 92% contained visible gold and or abundant visible gold including coarse-grained visible gold as seen in GD-24-260 drilled this year.”  

Rosmus added that assays are pending for 89 out of 105 drill holes to date.  

By market close in Toronto on Tuesday, Goliath Resources stock was up over 18%. Shares had been traded 1,039,964 times, compared to an average daily volume of 172,246. The company has a C$197.7 million ($138m) market capitalization.