- Goliath Resources (GOTRF, Financial) has engaged JDS Energy & Mining to develop an underground exploration adit at its Surebet discovery.
- Drilling results show grades of 34.52 g/t AuEq over 39.00 meters, including segments with significantly higher concentrations.
- The Golddigger Property benefits from excellent infrastructure and gold recoveries of 92.2%, with 48.8% as free gold from gravity.
Goliath Resources Limited (OTCQB: GOTRF) has announced a strategic partnership with JDS Energy & Mining Inc. to evaluate the development of an underground exploration adit at the Surebet discovery on the Golddigger property, located in the Golden Triangle of British Columbia. This move aims to facilitate underground drilling, extend the drilling season, and allow for bulk sampling of the high-grade Bonanza Zone.
The Surebet project has showcased impressive drilling results, notably achieving 34.52 grams per tonne gold equivalent (g/t AuEq) over a 39.00-meter span. These results include remarkable segments such as 132.93 g/t AuEq over 10.00 meters, highlighting the area’s potential for significant mineral wealth. The property spans 91,518 hectares, strategically positioned near the Red Line in the Golden Triangle, known for its world-class geological formations.
Goliath's Golddigger property boasts a 92.2% gold recovery rate, with 48.8% obtained as free gold through gravity processes alone — a testament to the exceptional metallurgy of the site. The property's advantageous location offers proximity to tidewater, community support facilities, and essential infrastructure like barge access, making it a strategically beneficial site for ongoing and future mining operations.
Further development of the project will benefit from the lower drilling costs and enhanced access provided by the proposed adit. This strategic advancement will enable comprehensive geological confirmation of the Bonanza Zone, potentially facilitating a significant expansion of Goliath's exploration and resource development activities.
