Goliath Resources Limited, a portfolio company of McEwen Mining Inc., has announced significant findings at its Golddigger Property located in British Columbia's Golden Triangle. The company reported six new visible gold occurrences within a 96.5-meter mineralized interval from drill hole GD-25-302 at the Bonanza Zone. This discovery, which closely resembles Goliath's highest-grade intercept to date, has led to the expansion of its fully funded 2025 drill program from 40,000 to 60,000 meters. The aim is to uncover the full extent of the Surebet system and its Reduced Intrusion Related Gold (RIRG) potential.
The ongoing drill hole, targeting a deep magnetic anomaly believed to be linked to the theorized Motherlode source, is expected to reach a depth of 1,000 meters. This development not only signifies a substantial extension of the gold-rich system but also underscores the property's potential for significant gold deposits. The findings at the Golddigger Property are a testament to the area's rich mineralization and the effectiveness of Goliath's exploration strategies.
For investors and the mining industry, these discoveries represent a promising opportunity. The expansion of the drill program reflects confidence in the property's potential to yield substantial gold resources, which could have a positive impact on Goliath Resources' valuation and the broader mining sector. The Golden Triangle is renowned for its high-grade gold deposits, and Goliath's latest findings add to the region's reputation as a prolific mining district. This news is particularly relevant for stakeholders in the mining industry, as it highlights the ongoing potential for significant discoveries in well-established mining regions.
For more details on the press release, visit https://ibn.fm/o5dds.
