North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Goliath Resources Ltd. Feb. 26 said it has outlined drill-ready targets at the newly discovered Prosperity Bullseye zone at the Lucky Strike property in northwestern British Columbia.

The 2,400- by 3,400- meters Prosperity Bullseye zone is surrounded by two prolific placer gold creeks that produced up to 6-ounce nuggets. The source of the placer gold is believed to be attributed to erosion of gold mineralized bedrock from the immediate area.

Soil sampling over a 2,000- by 400-meter area at Prosperity Bullseye returned up to 7.27 grams per metric ton gold, 557 parts per million copper, 65 ppm molybdenum, 50 ppm tungsten, 4 ppm antimony and 10 ppm bismuth.

Coincident with the soil anomaly, an electromagnetic survey found concentric conductive zones flanking a magnetic high extending over a 2,500- by 1,500-meter area and to a depth of 500 meters.

Additionally, high-grade polymetallic veining, localized molybdenum and polymetallic porphyry veining have been identified at Prosperity Bullseye.

Goliath said these coincident geochemical and geophysical anomalies indicate the presence of a large porphyry system at depth and provides for multiple strong drill ready targets for an inaugural drill program planned for 2018.

Located about 2 miles (3 kilometers) off a major highway and 25 miles (40 kilometers) north of Terrace, Prosperity Bullseye is a prospective porphyry target in a world-class geological setting with road access and close proximity to major infrastructure.

–SHANE LASLEY