Goliath Resources Reports Visible Gold at Golddigger Property, Expands 2025 Drill Program
TL;DR
McEwen Mining's portfolio company Goliath Resources reports significant gold findings, expanding its drill program to unlock more value for investors and stakeholders.
Goliath Resources discovered six new gold occurrences in a 96.5-meter interval, extending the gold-rich system and increasing the 2025 drill program to 60,000 meters.
The expansion of Goliath Resources' drill program and gold discoveries contribute to economic growth and job creation in British Columbia's Golden Triangle.
Exploring deep magnetic anomalies, Goliath Resources hits gold again, mirroring its highest-grade intercept and pushing the boundaries of the Surebet system's potential.
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Goliath Resources Limited (TSX-V: GOT), a portfolio company of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), has announced significant findings at its Golddigger Property located in British Columbia's Golden Triangle. The company reported six new visible gold occurrences within a 96.5-meter mineralized interval from drill hole GD-25-302 at the Bonanza Zone. This discovery, targeting a deep magnetic anomaly believed to be connected to the theorized Motherlode source, is still in progress, with the hole expected to reach a depth of 1,000 meters.
The mineralization observed closely resembles Goliath's highest-grade intercept to date, indicating a substantial extension of the gold-rich system. This discovery has prompted Goliath to expand its fully funded 2025 drill program from 40,000 to 60,000 meters. The expanded program will focus on uncovering the full extent of the Surebet system and its Reduced Intrusion Related Gold (RIRG) potential, marking a significant step forward in the exploration of the Golddigger Property.
McEwen Mining Inc., the parent company, is a notable gold and silver producer with operations across Nevada, Canada, Mexico, and Argentina. The company also holds a significant stake in McEwen Copper, which is advancing the Los Azules copper project in Argentina. McEwen Mining's commitment to enhancing the productivity and longevity of its assets underscores the importance of Goliath's recent discoveries and the potential impact on the mining industry and investors alike.
The Golden Triangle, known for its rich mineral deposits, continues to be a focal point for mining exploration and development. Goliath's latest findings not only highlight the property's potential but also contribute to the broader understanding of gold mineralization in the region. The expansion of the drill program reflects the company's confidence in the property's prospects and its commitment to thorough exploration.
For more information on McEwen Mining Inc., visit https://www.McEwenMining.com. Additional details about the discoveries at the Golddigger Property and the expanded drill program can be found in the full press release.
Curated from InvestorBrandNetwork (IBN)
