Goliath Resources (TSXV:GOT) has announced assay results for several drill holes from the Golden Gate Feeder Zone at its Golddigger Property located in the Golden Triangle, B.C. All of the drill holes revealed extensive intervals of quartz-sulphide mineralization accompanied by several occurrences of visible gold.
For hole GD-23-173, gold was discovered in two main intervals. The most notable interval, known as the Surebet Zone, ranged from 45.11 to 72 meters. Within this section, concentrations of 33.02 g/t gold equivalent were detected over 9.60 meters. The observed minerals in this zone include pyrrhotite, sphalerite, galena, and minor chalcopyrite. Visible gold was spotted seven times in the Surebet Zone, with the largest piece measuring up to 0.7 mm. Another significant interval, called the Bonanza Shear, was found between 446 and 455.27 meters. Assays for the latter are still underway.
In the GD-23-116 hole, three distinct mineralized intervals were noted. The Surebet Zone was detected between 38 and 42 meters with a concentration of 11.86 g/t gold equivalent over 3.00 meters. Further in-depth, another segment was located between 104 to 107 meters and a third at depths between 513 and 516.64 meters. The detected minerals in this hole were predominantly galena, sphalerite, pyrrhotite, chalcopyrite, and pyrite.
Hole GD-23-151 exhibited quartz-sulphide mineralization over three segments. The first is believed to be a splay of the Surebet zone, yielding 2.36 g/t gold equivalent over 2.70 meters. The primary Surebet Zone displayed a concentration of 8.28 g/t gold equivalent over 2.70 meters. Further results for the Bonanza Shear are pending. A notable find was a 0.5-millimeter-wide flake of visible gold at a depth of 143.85 m.
GD-23-135 demonstrated visible gold and quartz-sulphide mineralization over three intervals. The primary interval, linked to the Bonanza Shear, showed concentrations of 4.06 g/t gold equivalent over 5.00 meters. Two other intervals connected to the Surebet Zone were also observed. Visible gold was located at the 61.00-meter depth.
The drill results offer insights into the mineral wealth of the Golden Gate Feeder Zone. They not only highlight the presence of gold but also provide details on other minerals such as sphalerite, galena, and chalcopyrite among others. Further analyses and studies are expected to shed more light on the potential of the Golddigger Property.
The Golddigger Property is situated in the renowned geological setting of the Eskay Rift, nestled within the famed Golden Triangle of British Columbia. Spanning a vast expanse of 59,089 hectares (or 146,012 acres), this property is positioned within just 3 kilometers of the pivotal ‘Red Line,’ a geological marker known to host multiple world-class deposits.
A standout feature of the Golddigger Property is the Surebet discovery. This discovery boasts outstanding metallurgical results with gold recoveries standing at an impressive 92.2%. A significant portion, 48.8% to be precise, of this gold can be derived just from gravity at a 327-micrometer crush, highlighting the discovery’s potential.
Strategically, the location of the Golddigger Property is unparalleled. It is comfortably close to the communities of Alice Arm and Kitsault, and there’s an added advantage of having a permitted mill site on private property nearby. The property is ideally located on tide water, making it conveniently accessible by barge all the way to Prince Rupert, a distance of 190 kilometers via the Observatory inlet/Portland inlet. Further bolstering its accessibility, the town of Kitsault can be reached by road and boasts facilities like a barge landing, dock, and infrastructure that can accommodate up to 300 people. This town is also equipped with high-tension power, making it energy-efficient.
The region surrounding the Golddigger Property is also well-developed. Notably, the Dolly Varden Silver Mine Road is merely 7 kilometers east of the Surebet discovery. Other key infrastructures, such as the Alice Arm barge landing and high-tension power, are also in close proximity.
The city of Terrace, with a population of 16,000, acts as a pivotal hub, offering access to railways, major highways, and an airport. It also serves as a crucial supply point for essentials ranging from food and fuel to lumber. On the other hand, the coastal town of Prince Rupert, home to 12,000 residents, is significant in its own right. Apart from housing an international container seaport, it provides access to a railway network, an airport, and supplies.
Highlights from the results are as follows:
Table 1: Selected 2023 Golddigger drill hole assay results.
|Hole ID||From (m)||To (m)||Interval (m)||Au (g/t)||Ag (g/t)||Cu (%)||Pb (%)||Zn (%)||AuEq (g/t)|
Table 2: Collar information for the drill hole reported in this news release.
|Drillhole Name||Easting||Northing||CRS||Azimuth||Dip||Length (m)|
|GD-23-116||457720.7||6162966||NAD83 UTM Z9N||130||63||532|
|GD-23-135||457712.0||6162910||NAD83 UTM Z9N||160||55||521|
|GD-23-151||457717.5||6162967||NAD83 UTM Z9N||215||55||555|
|GD-23-173||457717.2||6162968||NAD83 UTM Z9N||235||85||473|
Goliath Resources (TSXV:GOT) has announced new initial observations from the first successful inaugural hole out of 84 planned drill holes at the Golddigger Property. Located in Golden Triangle, B.C., the 100%-owned property has begun its 2022 diamond drill campaign at the Surebet discovery on the property.
Founder and CEO of Goliath Resources Roger Rosmus commented in a press release: “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. 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.”
Highlights from the drilling are as follows:
GD-22-25 (E 458908.947, N 6161976.043, azimuth 120°; dip -85°) was collared from Pad J the most easterly pad planned for 2022 at the New Extension Target located 1.5 km South-East of the outcropping Surebet and 2 km East-West from Real Deal.
Inaugural drilling on the New Extension Target intercepted five broad mineralized intervals characterized by disseminated sulphides, sulphides in stringers, veins and breccias containing pyrrhotite, pyrite and chalcopyrite. The Intervals are from bedrock at 42.4 m to 137.9 m, 181.9 m to 190.37 m, 202.08 m to 222.14 m, 256.9 m to 261.08 m, and 276.01 m to 353.00 m (end of hole) and remains open. The target of this hole was surface mineralization consisting of multiple channel and grab samples containing up to 44.4 gpt Au and 1629 gpt Ag modelled to be intersected at 200-250 m down hole.
Sulphide mineralization primarily occurs disseminated throughout an epidotized andesitic volcanic host rock and as millimeter to centimeter-size stringers and aggregations within quartz and quartz-epidote veins and breccia. The majority consist of pyrrhotite (locally up to 2 %), pyrite (locally up to 5 %) and chalcopyrite (locally up to 3%). A fault zone was intersected from 69.63 m to 78.09 m which is believed to have partially displaced the mineralized units. The drilling and data continue to confirm the presence of a large mineralizing system on the property and mineralization remains open in all directions.
During the 2022 drill campaign, Goliath plans to test the Surebet mineralized system at depth over an extensive area reaching as far as Lake Pad to the West (940 m SW of Real Deal) and New Gold to the North (1 km north of North Rubble) focused on delineating a mineralized area of 2.1 km East-West by 2.5 km North-South (see map above). Several drill locations are planned up to 600 meters West of Real Deal to target the Surebet mineralized system at depth based on the projected model generated from the 2021 drill results and 2020 channel sample results.
A series of drill holes are planned for the New Gold zone located 1 km north of Surebet. Similarly to the New Extension Target, this zone contains surface gold mineralization over 400 meters that remains open with ~ 30 m of gold bearing breccia also observed in outcrop. The New Gold Zone is hosted in Hazelton volcanics in close proximity to the ‘Red Line’. The majority of the world class mineral deposits discovered within the Golden Triangle are hosted in the Hazelton volcanics and occur within a few kilometers of the unconformity between Lower Hazelton and Stuhini rocks (also known as the ‘Red Line’).
Multiple surface channel, chip and grab samples collected from Real Deal and Cloud 9 secondary structures believed to be associated with the Surebet Zone within this area returned significant gold and silver values, further confirming the presence of a large gold-silver rich mineralizing system at depth. These secondary structures are interpreted to be acting as conduits for fluids to the surface.
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