Goliath Resources Limited, in which McEwen Mining Inc. holds a strategic investment, has reported a major high-grade gold discovery at the Bonanza Zone on its Golddigger Property, located in the prolific Golden Triangle of British Columbia. This discovery, highlighted by drill hole GD-24-280, revealed impressive gold concentrations of 8.31 g/t over 23 meters, with sections showing even higher grades of 15.69 g/t over 11 meters and 37.45 g/t over 4 meters. The findings are part of a newly identified calc-silicate altered breccia zone containing visible gold, previously unsampled, underscoring the untapped potential of the area.
This announcement marks the third distinct mineralized rock package discovered at Surebet, complementing the already identified stacked gold veins and high-grade RIRG dykes. With 60 out of 64 drill holes in 2024 exhibiting visible gold and an ambitious 60,000-meter drill program in progress, Goliath Resources is poised to significantly expand the Surebet Discovery. The exploration targets not only lateral expansions but also deeper areas, including a hypothesized deep-seated magmatic gold source dubbed the 'Motherlode'.
For McEwen Mining Inc., this discovery represents a substantial opportunity to enhance its portfolio and shareholder value through its equity interest in Goliath Resources. The ongoing exploration and potential expansion of the Surebet Discovery could have far-reaching implications for the gold mining industry, investors, and the global gold market, highlighting the importance of continued investment in exploration and the potential for significant discoveries in well-established mining districts like the Golden Triangle.
