08:05 AM EST, 01/13/2025 (MT Newswires) -- Goliath Resources ( GOTRF ) reported Monday "remarkable" results for five drill holes from its 2024 field season at the Golddigger property in British Columbia.

The company said the results confirmed the increase of mineralization within the Bonanza gold zone. Highlights include 34.52 grams per tonne (g/t) gold equivalent over 39.00 meters, including 132.93 g/t gold equivalent over 10.00 meters.

"Drill intercepts from the Bonanza Shear Zone continue to generate remarkable gold values that strongly indicate this important structural zone is a likely feeder to the overall Surebet gold system.," said Quinton Hennigh, Goliath's technical advisor.

Goliath said it plans to carry out a systematic drill campaign in 2025 to test the entire area as well as for extensions of the system as it remains open.

"The system continues to deliver exceptional results consistent with the characteristics of a district scale Tier 1 high-grade gold asset," said Roger Rosmus, founder and CEO of Goliath.

Goliath's share price fell 2.9% on Friday to $1.01 on the TSXV.