Goliath Resources Ltd (OTCMKTS: GOTRF) announced last week that it has a 78.0-meter intercept from GD21-003, the third drill hole at Golddigger Property. The drill hole is intercepted on the maiden diamond drill campaign of the company, which kicked off this year itself. The campaign aims to find traces of the gold-silver zone exposed and available at the surface at a strike of 1,000 meters. The same zone goes deep down 500 meters at the Surebet Zone.
Geophysical survey at Surebet Zone
Before this announcement, the company had announced that it had kicked off a geophysical survey of high resolution. The survey included 16 square kilometers of geographical area, which also surrounds the Surebet Zone. This is the newly discovered gold-silver region that falls in the vicinity of the company’s Golddigger property at Golden Triangle, BC. At the time, Surebet Zone has a strike of 1,000 meters with vertical relief of 500 meters and a down dip of 1,000 meters. The average actual width of this zone is 9.84 meters and grading of 10.68 g/t AuEq.
About the Project
The company said that there’s no issue with the project since it falls into the mining-friendly jurisdiction. In addition, the company has a top-notch geological setting situated in Stewart, BC of the Golden Triangle. In its vicinity are vital projects, including the Kinskuch Project of the Hecla Mining Company, Dolly Varden Silver Mine or the Dolly Varden Silver Corp., and Homestake Ridge Deposit of the Fury Resources Inc.
The CEO of Goliath Resources Ltd, Roger Rosmus, said that the drilling continuity indicates strength in a high-grade precious metals system. This reflects the ingredients for the subsequent significant gold discovery in the rightly named Golden Triangle of British Columbia. The company shall be releasing its drill results on two holes, GD21-001 & 002, in the times to follow. Both these are also situated in 100% controlled Golddigger Property.