Goliath Resources Announces Six New Gold Discoveries in British Columbia's Golden Triangle
TL;DR
McEwen Mining's portfolio company Goliath Resources reports significant gold findings, expanding its drill program to unlock more value for investors and stakeholders.
Goliath Resources discovered six new gold occurrences in a 96.5-meter interval, extending the gold-rich system and increasing the 2025 drill program to 60,000 meters.
The expansion of Goliath Resources' drill program and gold discoveries contribute to economic growth and job creation in British Columbia's Golden Triangle.
Exploring deep magnetic anomalies, Goliath Resources hits gold again, mirroring its highest-grade intercept and pushing the boundaries of the Surebet system's potential.
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Goliath Resources Limited has reported the discovery of six new visible gold occurrences within a 96.5-meter mineralized interval from drill hole GD-25-302 at the Bonanza Zone of its Golddigger Property. This discovery represents a significant advancement in the company's exploration efforts in British Columbia's Golden Triangle region. The mineralized interval closely resembles the company's highest-grade intercept to date, substantially extending the known gold-rich system and reinforcing the property's potential for substantial gold extraction.
The ongoing drill program is targeting a deep magnetic anomaly that company geologists believe may be connected to a theorized Motherlode source. Drill hole GD-25-302 is expected to reach a total depth of 1,000 meters, with current results already demonstrating the continuity and strength of the mineralization. The discovery of multiple visible gold occurrences within such a substantial interval provides strong evidence of the system's robustness and potential for economic mineralization.
In response to these promising findings and continued discoveries, Goliath has made the strategic decision to expand its fully funded 2025 drill program from 40,000 to 60,000 meters, representing a 50% increase in planned drilling. This expanded program will focus on unlocking the full extent of the Surebet system while also exploring its Reduced Intrusion Related Gold potential. The company's exploration team has identified multiple targets that warrant additional investigation based on the current results.
The Golddigger Property's recent discoveries underscore the site's exceptional prospects for gold extraction and represent a significant milestone in Goliath's exploration strategy. For more details on the press release, visit https://ibn.fm/o5dds. The expanded drill program reflects the company's confidence in the property's potential and commitment to thorough exploration of this promising gold system in one of Canada's most prolific mining regions.
Curated from InvestorBrandNetwork (IBN)
