Goliath Resources Limited (TSXV: GOT) has reported the presence of multiple grains and/or flakes of visible gold in two separate holes at the Golddigger Property in BC’s Golden Triangle.
The visible gold samples have been independently confirmed by the Colorado School of Mines.
The visible gold is contained in quartz-sulphide breccia intercepts from GD-22-49 (Pad A, 750 meters step-out to the South from Surebet Main, and East of the Northeast Fault) and GD-22-58 (South Cliff Stepout Pad, 300 m step-out to the West from Surebet Main and West on the Surebet discovery at its 100% controlled Golddigger Property.
The occurrence of visible gold strongly indicates the potential for very high-grade intervals and the Classic Surebet Zone mineralisation has now been confirmed over a 1.6 squared kilometre area.
Visible Gold
Visible gold has been identified in quartz-sulphide veins and breccias in multiple drill holes, including GD-22-49 collared from Pad A on the Southeast side of the Northeast Fault and GD-22-58 collared from South Cliff Stepout Pad on the Northwest side of the Northeast Fault.
All the occurrences of visible gold to date have been identified within quartz breccia and veins in contact with or in close proximity to galena and sphalerite, hosted within the Hazelton sedimentary unit.
The occurrence of visible gold has been independently confirmed by the Colorado School of Mines, with whom the Company is collaborating on a project aimed at determining the origin and evolution of the gold mineralising fluids at Surebet.
The presence of visible gold in the mineralised intercepts at Surebet is further confirmation of the exceptional results obtained from the metallurgical study performed on a composite sample of combined core from 16 diamond drill holes completed in 2021 that has demonstrated that at a 150 micron crush, 98.2 % of the gold is recoverable without the need of acid leaching making for a relatively low-cost and an environmentally friendly mining scenario.
Gravity recovery alone captures an impressive 38.1 % of gold and 10.5 % of silver. This indicates that a processing scheme employing early gravity recovery should produce considerable gold in the form of doré bars. Gravity recovery is generally accepted to be the most cost-effective means of gold recovery in the mining industry.
“Drilling on Surebet keeps delivering excellent visual results beyond our expectations including multiple intercepts containing visible gold from two separate drill holes on both sides of the Northeast Fault,” Founder and CEO, Roger Rosmus, said.
“The entire team would like to thank the Colorado School of Mines for making the time during a very busy schedule to confirm our findings over their inaugural Denver Mineral Exploration Summit in Golden, CO as well as Crescat Capital’s ongoing financial and technical support.
“Drilling has expanded the area where we saw classic Surebet mineralisation from 1.4 square km two weeks ago to now over 1.6 square km, an area the size of over 300 football fields and it remains open.
“It is exciting to see visible gold in breccia from multiple drill holes within this area in line with the results obtained from the metallurgical study. With all the ingredients in place, including excellent grades over broad high grade minable widths starting at surface that is conducive for a small-footprint low-impact underground mining method.
“The use of gravity, exceptional geometry, continuity of grades, indicated low cost recovery, environmentally friendly geochemistry, and excellent proximity to infrastructure all in a geopolitical stable location within the Golden Triangle of British Columbia, Canada coupled with cost for exploration, labour and the majority of materials in Canadian dollars also makes for additional excellent economics.
“All things combined make this discovery an extremely unique and rare opportunity that has already captured the interest of many institutions and miners alike. Surebet is on track to be a truly world class new high-grade gold-silver discovery. We look forward to releasing assays results with much enthusiasm.”
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