- Goliath Resources (OTCQB: GOTRF) has increased its 2025 drill program from 40,000 to 60,000 meters, following the discovery of visible gold in multiple drill holes.
- The expanded drilling initiative is fully funded through a $27 million financing at $3.17 per share.
- Recent assay results revealed high-grade gold with 6.31 g/t AuEq over 14.35 meters, including 11.36 g/t AuEq over 7.85 meters.
Goliath Resources Ltd. (OTCQB: GOTRF) has significantly expanded its 2025 drill program at the Surebet high-grade gold discovery in the Golddigger Property, located in the Golden Triangle of British Columbia. The program, initially set at 40,000 meters, now targets up to 60,000 meters, utilizing nine drill rigs. This decision follows the new findings of widespread visible gold across various drill holes, notably within reduced intrusion related gold (RIRG) dykes and calc-silicate altered breccias.
The funding for this extensive drilling project is secured through a recent $27 million capital raise, priced at $3.17 per share, ensuring the full financial backing of this ambitious program. This expansion aims to further explore and define the high-grade gold system at Surebet, which currently covers a 1.8 km² area and remains open in all directions, suggesting considerable potential for further resource discovery.
Impressive assay results have already begun to emerge from the re-logging initiative, with drill hole GD-22-64 reporting 6.31 g/t AuEq over 14.35 meters, including a higher-grade section of 11.36 g/t AuEq over 7.85 meters. The Surebet gold discovery continues to demonstrate excellent metallurgy with 92.2% gold recoveries, emphasizing the prospect's economic viability without requiring cyanide for recovery.
As the largest drill program to date on the Surebet discovery, Goliath's efforts are concentrated on delineating the geometry and extent of this significant find. The company will continue to update stakeholders with progress and results as the 2025 exploration season advances.
