Northwire Canada EditionWednesday, July 29, 2026
Northwire
ACS 0.070 +0.0% EMPR 0.840 +0.0% CYG 0.140 +0.0% IZN 0.080 +33.3% XXIX 0.110 +0.0% MERG 0.815 −4.1% LEGY 0.880 +0.0% GTWO 9.22 −3.2% CDA 0.890 +0.0% AUMB 0.580 +0.0% BOL 0.075 +15.4% ABRA 13.80 −4.2% GMIN 40.70 −3.3% PBM 0.045 +0.0% AEF 0.150 +3.5% EDCU 0.425 −6.6% ACS 0.070 +0.0% EMPR 0.840 +0.0% CYG 0.140 +0.0% IZN 0.080 +33.3% XXIX 0.110 +0.0% MERG 0.815 −4.1% LEGY 0.880 +0.0% GTWO 9.22 −3.2% CDA 0.890 +0.0% AUMB 0.580 +0.0% BOL 0.075 +15.4% ABRA 13.80 −4.2% GMIN 40.70 −3.3% PBM 0.045 +0.0% AEF 0.150 +3.5% EDCU 0.425 −6.6%
Drill Results

Goliath Intersects 18.58 g/t Gold Over 5.00 Meters, Drilling Maintains 100% Hit Rate, 90% Of Holes Contain Visible Gold, Remains Wide Open, Surebet Discovery, Golddigger Property, Golden Triangle, B.C.

MUX · Price

Executive Summary

  • Goliath Resources reports multiple high‑grade gold intercepts from its 2025 drill campaign, including a standout result of 18.58 g/t Au over 5 m (30.95 g/t Au over 3 m) in hole GD‑25‑328.
  • To date, 82 holes (55,000 m) have been completed with 90 % of 2025 holes showing visible gold to the naked eye; a total program of up to 115 holes (≈60,000 m) is on schedule with nine rigs operating.
  • The results confirm substantial quartz‑sulphide mineralization across three distinct rock packages and support the presence of a deep “Motherlode” magmatic source, underscoring the Surebet discovery as one of the most significant grassroots high‑grade gold projects in the Golden Triangle.

Key Details

  • Program Status: 82/115 planned holes completed (55 km); 33 holes (5 km) remain; on track to finish ~60 km of drilling within two weeks.
  • Overall Hit Rate: 100 % of all drill holes intersect substantial quartz‑sulphide mineralization; 90 % contain visible gold (VG‑NE).
  • Key Intercepts (true width, Au only – AuEq to be adjusted after base metal assays):
Hole Interval (m) Au (g/t)
GD‑25‑328 5.00 m @ 18.58 g/t (incl. 4.00 m @ 23.22 g/t; 3.00 m @ 30.95 g/t)
GD‑25‑355 12.20 m @ 5.72 g/t (incl. 5.20 m @ 12.92 g/t; 3.20 m @ 20.29 g/t)
GD‑25‑345 – Interval 1 9.00 m @ 5.09 g/t (incl. 5.05 m @ 9.04 g/t; 3.00 m @ 14.88 g/t)
GD‑25‑345 – Interval 2 6.03 m @ 4.22 g/t (incl. 2.97 m @ 8.50 g/t)
GD‑25‑317 5.15 m @ 6.56 g/t (incl. 3.30 m @ 10.22 g/t)
GD‑25‑321 8.00 m @ 4.59 g/t (incl. 5.00 m @ 6.53 g/t; 4.00 m @ 7.42 g/t)
GD‑25‑362 5.94 m @ 4.73 g/t (incl. 4.94 m @ 5.67 g/t; 4.10 m @ 6.80 g/t)
GD‑25‑313 7.50 m @ 4.88 g/t (incl. 3.40 m @ 10.68 g/t)
  • Historical Context: Since 2021, >400 pierce points over 92 km drilled; multiple holes have delivered >200 g·m (up to 1,346 g·m).
  • Rock Packages Demonstrated:
  • Quartz‑sulphide breccia/stockwork veins (gentle dip)
  • Eocene‑aged Reduced Intrusive Related Gold (RIRG) dykes
  • Calc‑silicate altered breccia zones

  • Planned Drilling Focus (2025 campaign):

  • Test the deep “Motherlode” magmatic source.
  • Drill 13 previously untested surface RIRG dykes.
  • Infill to increase pierce‑point density, especially in high‑grade Bonanza and Surebet zones.
  • Target “Goldilocks Zones” where veins intersect dykes.
  • Lateral and depth expansion of known mineralized veins.

  • Metallurgy: Gold recoveries of 92.2 % (gravity + flotation) with 48.8 % free gold recovered by gravity alone; benign host rock, no deleterious elements reported.

  • Infrastructure & Land Position: 91,518 ha Golddigger Property, 56 km of Red Line trend, tidewater barge access to Prince Rupert, proximity to existing infrastructure (Kitsault, Alice Arm).

Notable Quotes

“I am very pleased we continue to deliver high‑grade gold results over mineable widths that increases the confidence level demonstrating Surebet's predictable continuity.” – Roger Rosmus, Founder & CEO, Goliath Resources Ltd.


Materiality Assessment: Material – Positive – The release provides substantive new drilling data that materially advances the understanding of a high‑grade gold discovery and signals continued progress toward resource definition, which is likely to influence investor perception and valuation.

Read the original news release →

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