Goliath Resources Reports Major High-Grade Gold Discovery at Bonanza Zone in British Columbia
TL;DR
McEwen Mining Inc. stands to gain from Goliath Resources' high-grade gold discovery in British Columbia, enhancing its investment portfolio with significant upside potential.
Goliath Resources' drill hole GD-24-280 revealed 8.31 g/t Au over 23 meters, indicating a substantial gold deposit in the Bonanza Zone's calc-silicate altered breccia.
The discovery of a new high-grade gold deposit by Goliath Resources could boost local economies and contribute to sustainable mining practices in British Columbia.
Goliath Resources' latest drill results unveil visible gold in 60 of 64 holes, marking a thrilling advancement in the Surebet Discovery's exploration.
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Goliath Resources Limited has reported a major high-grade gold discovery at the Bonanza Zone on its Golddigger Property, located in British Columbia's Golden Triangle. This discovery represents the third distinct mineralized rock package found at Surebet, with drill hole GD-24-280 returning 8.31 g/t Au over 23 meters, including higher-grade intervals. The presence of visible gold in 60 out of 64 holes drilled in 2024 underscores the potential for further expansion of the Surebet Discovery, with a 60,000-meter drill program currently underway.
McEwen Mining Inc., holding a strategic equity interest in Goliath Resources, stands to benefit from this discovery. The exploration efforts aim not only to expand the known mineralization laterally and at depth but also to target a deep-seated magmatic gold source, referred to as the 'Motherlode'. This development highlights the growing discovery potential of the Golddigger Property and its significance for stakeholders, including McEwen Mining. For more details on the discovery and its implications, visit https://ibn.fm/YocsI.
Curated from InvestorBrandNetwork (IBN)
