Goliath Reports Numerous High-Grade Intercepts Up To 10.83 g/t AuEq Over 22.82 Meters, Grade Values Increased By 13.2% In 54 Gold Equivalent Drill Results, Assays Pending On A Further 56 AuEq Holes Drilled In 2025, Surebet Discovery, Golden Triangle, B.C.
McEwen’s High-Grade Portfolio Deepens as Goliath Discovery Scales While Nevada Consolidation Accelerates
The most recent news (February 19, 2026) details significant high-grade drilling results from Goliath Resources’ Surebet Discovery in the Golden Triangle, B.C., where McEwen Inc. holds a strategic cornerstone investment. Goliath reported intercepts including 10.83 g/t AuEq over 22.82 meters and 30.95 g/t AuEq over 3.0 meters. Crucially, multi-element assaying for 54 holes resulted in a 13.2% average grade increase over previous gold-only estimates. To date, 100% of drill holes have intersected gold mineralization, with 76% of 2025 holes showing visible gold. The program has expanded the high-grade footprint across five primary zones (Bonanza, Surebet, Golden Gate, Whopper, and Eldorado), all of which remain open for expansion.
The news is materially positive for McEwen Inc. for three reasons. First, the 13.2% grade increase via gold-equivalent values reinforces the "poly-metallic" value of the Surebet discovery, effectively increasing the potential resource tonnage without additional drilling. Second, the 100% hit rate and expansion of 46 distinct gold-rich lodes validate the "layered cake" geological model, suggesting a massive, predictable system. Third, this discovery provides McEwen Inc. with significant "optionality" upside; as a 5.4% stakeholder (and with Rob McEwen personally holding more), the success of Goliath provides a high-beta exploration play to complement McEwen’s production assets. This balances the operational "inexcusable misses" reported in McEwen’s late 2025 quarterly results.
McEwen Inc. is a precious and base metal producer with assets in Nevada (Gold Bar), Ontario (Fox Complex), Argentina (San José Mine), and Mexico (El Gallo). Its flagship development project is Los Azules in San Juan, Argentina, one of the world's largest undeveloped copper deposits. McEwen Inc. owns 46.4% of McEwen Copper. The Fox Complex is transitioning from the aging Froome Mine to the Stock Mine (production expected mid-2026), aimed at doubling annual production to 60,000 oz.