Goliath Resources Limited (TSX-V:GOT) told investors that the Surebet discovery at its Golddigger property in British Columbia was shaping up to be the next "big, high-grade gold-silver" find in the Golden Triangle.
The explorer has released initial observations from its first hole of the 84 planned in this year's diamond drill campaign at the Surebet discovery.
The hole, sunk into the so-called New Extension Target hit five broad intervals of disseminated and vein/breccia hosted sulphide mineralization near surface up to 95.5 metres(m), said Goliath, adding that assays were pending and will be released once received and interpreted.
"We are off to an exciting 2022 drill season. Initial results from the inaugural hole with multiple broad intercepts of mineralization have far exceeded our expectations," said Roger Rosmus, founder and CEO of Goliath Resources, in a statement.
"Mineralization confirmed in the inaugural hole at the New Extension Target strongly indicates the presence of a large mineralizing system at depth on the Golddigger property.
"The planned 24,000 m drill program will test areas to the east, north and west of the known mineralization covering 5.25 square km and allow us to better understand the relationship between Surebet, the New Extension Target and New Gold. Surebet is shaping up to become the next big high-grade gold-silver discovery in the Golden Triangle, B.C," he added.
In all directions
This year's drilling is designed to expand the extent of known mineralization from 2021 in all directions, including to the west, and to test the known gold mineralization to the north and to the east.
The program will focus on expanding the known parameters of the Surebet high-grade gold-silver discovery with 84 holes planned from 24 pads using four rigs.
It's designed for resource level infill drilling and outline the large mineralized system over an area of 2.1 km East-West by 2.5 km North-South (5.25 square kilometers).
The company's 100% controlled Golddigger project spans 23,859 hectares (59,646 acres or 239 square-kilometers) and is in the world-class geological setting of the Eskay Rift within the Golden Triangle and within 2km of the ‘Red Line’ that is host to multiple world class deposits. The property is on tide water 30km southeast of Stewart, British Columbia.
Contact the writer at giles@proactiveinvestors.com