08:27 AM EDT, 09/03/2024 (MT Newswires) -- Goliath Resources Limited ( GOTRF ) , which rose 3.25% last Friday, reported Tuesday the highest concentration of visible gold to date drilled on the Surebet discovery at its 100% controlled Golddigger Property, Golden Triangle, B.C.

Among highlights from Surebet, Goliath said 66% of 2024 drill holes contain visible gold, it has discovered a new deep mineralized zone 1.2 km below surface, remains open, and "significantly" expands drilling to 36,000 meters with eight rigs turning.

Tuesday's statement noted the intercept from drill hole GD-24-260 intersected the Bonanza Zone between 533.90 and 547.00 meters, remains open and "includes the highest concentration of visible gold to date with a vein-hosted band of semi-massive pyrrhotite, sphalerite and minor galena" and suggests this structure is "a principal conduit for gold-depositing fluids" and is "likely close to the heat engine driving this system". In addition, the new Deep Zone discovered at 1,239 meters below surface contains multiple quartz veins with chalcopyrite, galena and sphalerite demonstrating the "tremendous additional untapped discovery potential" of the Surebet system that remains wide open. It said assays are pending.

Dr. Quinton Hennigh, Technical and Geologic Director of strategic shareholder, Crescat Capital, in Tuesday's statement said: "This is proving to be a summer of discovery at Golddigger. The recently discovered Bonanza Zone has delivered a succession of core intercepts displaying visible gold, the most recent of which, hole GD-24-260, appears to be notably rich in gold particles. This might indicate that the Bonanza structure was a main fluid conduit at the time of gold deposition.

"Also very encouraging, more veins have been discovered at depth, a very promising sign. The mineralogy of these veins is nearly identical to Surebet and other shallower veins, a clear sign they are of the same origin. Recent intercepts of intrusive dykes displaying quartz veinlets, some with visible gold, provide the first conclusive evidence of an intrusive association with mineralization. This association is further confirmed by the discovery of mineralized veins at Blue Origin just a few km south of Surebet. All of this evidence points to a very large, perhaps reduced intrusion-related gold system at Golddigger."