Goliath Resources Ltd Boosts Gold Digger Exploration with Expanded Drilling and Promising Results
- Goliath Resources Ltd is advancing exploration at the Gold Digger property, revealing a previously undrilled gold system.
- The company plans to increase its 2025 drill program from 40,000 to 60,000 meters, utilizing five drill rigs.
- Goliath's recent drill results indicate significant gold potential, with a recovery rate of 92.2% and tier-one mine candidate status.
Goliath Resources Ltd Advances Exploration at Gold Digger Property
Goliath Resources Limited is making significant strides in the exploration of its flagship Gold Digger property, located in British Columbia's Golden Triangle. CEO Roger Rasmus recently spoke about the promising developments at the site, which has been revealed by glacial melt, uncovering a previously undrilled gold system. This area spans 1.8 square kilometers and features ten structurally controlled high-grade gold vein shears, underscoring its potential for major gold deposits. The property benefits from excellent infrastructure, including proximity to tidewater and the nearby town of Kitsault, which enhances operational efficiency and logistics.
The company is ramping up its exploratory efforts significantly, increasing its planned drill program for 2025 from 40,000 to 60,000 meters in response to encouraging findings of visible gold. Currently, five drill rigs are operational, with plans to expand to nine to maximize exploration efforts. The recent capital raise of CAD 27 million from institutional investors, part of a total of nearly CAD 80 million secured over the past three years, positions Goliath favorably for its ambitious drilling plans. These funds will support the aggressive exploration strategy aimed at delineating and expanding the gold system.
Drill results from the Gold Digger project further bolster Goliath's prospects, highlighting intercepts of one ounce per ton over 39 meters and promising metallurgical testing that confirms a gold recovery rate of 92.2% without the use of cyanide. The project is emerging as a potential tier-one mine candidate, equipped with a permitted mill site and accommodations for up to 1,000 workers, thus enhancing its attractiveness to both investors and future operational scalability. With ongoing exploration efforts and additional assay results expected shortly, Goliath Resources is positioned to capitalize on its discoveries and deliver substantial value to its shareholders.
In addition to its exploration endeavors, Goliath has garnered attention from significant investors, including Crescat Capital, Eric Sprott, and Rob McEwen, which underscores the confidence in its strategic direction. The company’s commitment to high-grade gold exploration in a region known for its mineral wealth positions it well for future growth. With an increasing focus on sustainability and responsible mining practices, Goliath is also aligning its operations with industry standards, ensuring both economic and environmental considerations are met as it advances its projects.
