McEwen Inc. Highlights Goliath Resources' High-Grade Gold Discovery at Surebet in British Columbia
TL;DR
McEwen's strategic holding Goliath Resources reports exceptional high-grade gold assays, offering investors early exposure to a major new discovery with significant competitive advantage potential.
Goliath Resources drilled 65 holes totaling 45,000 meters, with hole GD-25-337 yielding 10.60 g/t gold over 22.82 meters, including 15.19 g/t over 15.71 meters.
McEwen's commitment to building a regenerative copper mine with carbon neutrality by 2038 advances sustainable mining practices for a better environmental future.
Rob McEwen, who takes a $1 annual salary, has personally invested $205 million in building shareholder value through discoveries like Goliath's high-grade gold find.
Found this article helpful?
Share it with your network and spread the knowledge!
McEwen Inc. (NYSE: MUX) (TSX: MUX) has highlighted assay results from its strategic holding Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) from the Surebet discovery on the 100% controlled Golddigger Property in British Columbia's Golden Triangle. Drill hole GD-25-337 returned 10.60 grams per tonne (g/t) gold over 22.82 meters, including a higher-grade interval of 15.19 g/t Au over 15.71 meters. Subintervals within this section showed even more impressive results, with 37.28 g/t Au over 3.36 meters and 36.11 g/t Au over 3.08 meters.
The significance of these results lies in the continuity and grade of mineralization being encountered at Surebet. Management has stated that the discovery continues to deliver exceptional high-grade gold results, reinforcing its potential as one of the most important new discoveries in the Golden Triangle since the renowned Eskay Creek mine. This comparison to one of Canada's most prolific gold deposits underscores the potential economic importance of the findings.
Goliath Resources has maintained an aggressive drilling program, having completed 65 holes totaling 45,000 meters this season with approximately 50 holes and 15,000 meters remaining. The company is on track to complete its up to 60,000-meter 2025 program with nine rigs currently active. This substantial drilling effort demonstrates the company's commitment to rapidly advancing the project and understanding the full extent of the mineralization.
The implications of these results extend beyond Goliath Resources to McEwen Inc. shareholders and the broader mining investment community. High-grade gold discoveries in established mining districts like the Golden Triangle represent significant value creation opportunities. The Golden Triangle of British Columbia is known for its rich mineral endowment and existing infrastructure, which could potentially accelerate development timelines if the project continues to demonstrate economic viability.
For investors and industry observers, these results contribute to the growing body of evidence supporting the Golden Triangle's status as a world-class mining district. The continued success at Surebet may attract additional investment and exploration activity to the region, potentially leading to further discoveries and economic development in northwestern British Columbia. The full details of these drilling results are available in the company's newsroom at https://ibn.fm/MUX.
Curated from InvestorBrandNetwork (IBN)
