Goliath Intersects 26.80 g/t Au Over 2.30 Meters Within 14.28 g/t Au Over 4.32 Meters From The New Volcanic Wedge Zone Between The Bonanza And Golden Gate Zones That Remains Open For Expansion, On The High-Grade Gold Surebet Discovery, Golden Triangle, B.
Goliath’s northeast step-out assays show good grades but trail the high-grade anchor found in August at the project.
Goliath Resources Limited (GOT) has released assay results for four drill holes—GD-26-462, GD-26-417, GD-26-425, and GD-26-440—which the company states confirm the presence of the volcanic Wedge Zone across the western, northeastern, and southern sections of the Surebet system.
Key reported intervals include:
- GD-26-462, Wedge Zone: 4.32 m @ 14.28 g/t Au, including 2.30 m @ 26.80 g/t Au, including 1.17 m @ 51.57 g/t Au. AuEq assays pending.
- GD-26-462, Golden Gate Zone: 3.65 m @ 9.31 g/t Au, including 1.65 m @ 20.45 g/t Au, including 0.82 m @ 40.00 g/t Au. AuEq assays pending.
- GD-26-417, Wedge Zone: 58.00 m @ 0.55 g/t AuEq, including 12.00 m @ 0.99 g/t AuEq, including 9.00 m @ 1.06 g/t AuEq.
- GD-26-417, Golden Gate Zone: 8.00 m @ 1.44 g/t AuEq, including 5.00 m @ 2.22 g/t AuEq, including 1.00 m @ 9.30 g/t AuEq.
- GD-26-425, Wedge Zone: 23.20 m @ 1.02 g/t AuEq, including 8.30 m @ 2.29 g/t AuEq, including 3.20 m @ 4.16 g/t AuEq, including 1.07 m @ 7.57 g/t AuEq.
- GD-26-425, second Wedge Zone interval: 10.55 m @ 0.48 g/t AuEq, including 7.49 m @ 0.56 g/t AuEq.
- GD-26-440, Wedge Zone: 24.97 m @ 0.66 g/t Au, including 7.05 m @ 1.07 g/t Au. AuEq assays pending.
The release also reiterates previously disclosed system-footprint expansions, extending the Bonanza area to 1.51 km², the Golden Gate area to 1.17 km², and the overall system to 2.01 km². These figures were initially reported on August 24 and August 31, 2026.
Goliath Resources Limited (GOT) is a pre-resource exploration company with no revenue, no mine, and no current mineral resource. The market capitalization implied by the most recent price is approximately CAD 290 million. At that valuation, the market is already paying for a large, high-grade, open-ended system, not for a development-stage asset.
The new drill results confirm the Wedge Zone in the northeast and west, and they add a good high-grade step-out intercept. However, the system footprint and zone expansions were already announced on August 24 and August 31. The 480 m northeastern step-out had already been communicated. Today's high-grade interval is positive but narrow, and its gram-metre product is well below the August 21 anchor hole.
The stock rose from about CAD 1.28 in mid-July to CAD 1.84–1.87 in late August on the earlier step-out and high-grade news, then faded to CAD 1.64 by September 9. That pattern suggests the August discoveries are partially priced and the market is waiting for more material confirmation.
Goliath Resources Limited (GOT) is a Golden Triangle gold explorer whose primary asset is the 100%-owned Golddigger Property. The property covers 91,518 hectares along 56 km of the Red Line geologic trend.
The Surebet discovery comprises five named zones: Bonanza, Surebet, Golden Gate, Whopper and Eldorado, plus gold-rich dykes. The company has drilled more than 156,000 m at Surebet, with a stated 100% hit rate of intersecting gold mineralisation and 92% of holes containing visible gold.
Financially, the company has no mining revenue. The most recently provided balance sheet shows about CAD 48.2 million in cash, no debt, and a working capital position that funds the 2026 program. The 2026 drill program is planned at roughly 50,000 m with seven rigs.
The stock has backed up from its 52-week high despite continued drilling news, reflecting both the exploration risk and the heavy supply of paper from warrants, flow-through financings and options.