Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) has announced a major high-grade gold discovery at the Bonanza Zone on its 100%-controlled Golddigger Property in British Columbia's Golden Triangle. The discovery, marked by drill hole GD-24-280 returning 8.31 g/t Au over 23 meters, including 15.69 g/t Au over 11 meters and 37.45 g/t Au over 4 meters, signifies a significant find within a newly identified rock package. This discovery is the third distinct mineralized rock package at Surebet, alongside stacked gold veins and high-grade RIRG dykes, with 60 out of 64 holes in 2024 showing visible gold.
McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), a strategic investor in Goliath Resources, stands to benefit from this discovery. With a 60,000-meter drill program underway, Goliath aims to expand the Surebet Discovery both laterally and to depth, targeting a deep-seated magmatic gold source known as the 'Motherlode'. This development not only highlights the potential for significant gold extraction but also underscores the strategic importance of the Golden Triangle region in British Columbia for mining companies and investors alike.
The implications of this discovery are vast, offering potential economic benefits to the region and stakeholders, including McEwen Mining, which holds an equity interest in Goliath Resources. The ongoing exploration and expansion efforts could position the Golddigger Property as a key asset in the gold mining industry, attracting further investment and development in the area.
