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Goliath (TSXV:GOT) intersects large mineralization

Mining
TSXV:GOT
22 August 2022 15:15 (EDT)
Goliath Resources Limited - Founder & CEO, Roger Rosmus.

Source: Stockhouse

Goliath Resources Limited (GOT) has discovered more significant intervals of mineralization at its Golddigger Property in British Columbia.

The company reported a 67.59-metre interval of sulphide mineralization from the South Cliff step-out pad, and two mineralized intercepts up to 7.60 metres from Pad 16 on the Surebet discovery.

All holes drilled so far on Surebet have intersected significant intervals of sulphide mineralization within brecciated zones and/or disseminated throughout the rock.

“Seeing exceptional intervals of strong sulphide mineralization over significant width in core from the infill drilling is very exciting and again indicates that the mineralized zone continues without interruptions… observations from the 2022 drilling so far show that a very large mineralizing system is in place covering over 5.25 square kilometers and remains open in all directions,” Roger Rosmus, Founder and CEO of Goliath Resources, said. 

Goliath stated it plans to test the Surebet mineralized system over an extensive area reaching as far as Lake Pad to the West and New Gold to the north. Multiple samples collected from structures believed to be associated with the Surebet Zone returned significant gold and silver values, confirming the company’s belief that a large prosperous system exists at depth.

Source: Goliath Resources Limited.

“This [new intercepts] coupled with the results from the 2021 drill campaign give us confidence that Surebet has the strong potential to be one of biggest new gold-silver discoveries in the Golden Triangle all in close proximity to excellent infrastructure,” Rosmus said.

Goliath Resources Limited (GOT) is down 3.28 per cent trading at $1.18 per share as of 2:54 p.m. ET.


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