The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - August, 16, 2023
Visible Gold was observed in 12 places along a 20-meter stretch of hole GD-23-157, drilled within the Golden Gate Feeder Zone on Goliath's Golddigger property in Northern BC. Click on photo for all 12 VG images.
Click on image for larger map.
Goliath Resources Ltd. Aug. 15 announced that assays have returned 23 meters of high-grade gold in GD-23-157, a hole drilled at the Golddigger property in Northern British Columbia that contained 12 occurrences of visible gold observed over a 20-meter section of drill core.
Hole GD-23-157 cut 23 meters averaging 18.95 grams per metric ton gold and 95.3 g/t silver (21.08 g/t gold-equivalent), including a nine-meter subsection averaging 45.27 g/t gold and 225.4 g/t silver (50.27 g/t gold-equivalent).
This intercept corresponds with 12 occurrences of VG observed from a drilled depth of 119 to 129 meters. Goliath says hole GD-23-157 cut four additional mineralized intercepts, but assays are pending for these zones outside the pervasive VG zone.
GD-23-157 was drilled in the Golden Gate Feeder, which lies at the southeast end of a 1,600-meter trend of mineralization that encompasses Surebet Zone and Bonanza Shear at Golddigger.
Based on current modeling, Surebet is a roughly 5.5-million-cubic-meter zone that averages around 6.3 grams per metric ton gold-equivalent, and Bonanza Shear is a roughly 13-million-cubic-meter zone that averages roughly 2.7 g/t gold.
The company says that all 65 holes drilled so far this year have hit either Surebet Zone or Bonanza Shear, and visible gold has been observed in the core pulled from 25 of those holes.
Earlier this month, Goliath reported the first batch of assay results from this drilling; highlights include:
• 4.9 meters averaging 3.97 g/t gold and 84.4 g/t silver (5.75 g/t gold-equivalent) from a depth of 66 meters in hole GD-23-115.
• Six meters averaging 14.66 g/t gold and 11 g/t silver (14.85 g/t gold-equivalent) from a depth of 33.9 meters in hole GD-23-118.
• 6.1 meters averaging 11.39 g/t gold and 148.9 g/t silver (14.01 g/t gold-equivalent) from a depth of 33.9 meters in hole GD-23-126.
Assays are pending for more than 60 holes drilled at Golddigger so far this year.
In addition to the roughly 20,000-meter drill program being carried out at Golddigger this year, Goliath reports that its surface mapping and prospecting has identified four new strongly mineralized zones – Kahuna, Outpost, Humdinger and Full House – directly connected to the Surebet mineralizing system.
Kahuna is a new 600-meter-long extension of Bonanza Shear that lies about 2,000 meters to the northeast of Surebet Zone. Two new polymetallic quartz-sulfide veins were discovered at Kahuna with up to 10-meter-wide blow-outs containing abundant galena, sphalerite, and chalcopyrite. This zone remains open and is on the docket to be drilled this year.
Outpost hosts polymetallic quartz-sulfide veins, stockworks, and breccias discovered within sedimentary and volcanic rocks about 5,000 meters southeast of Surebet. The veins and breccia zones at Outpost, which have been traced over 700 meters in outcrop and remains open, are between five and 50 meters thick and remain open. Exploration to refine targets for drilling this year is underway.
Humdinger is a 2,400-meter-long zone that overlies the south side of Bonanza Shear. This zone is characterized by multiple polymetallic quartz-sulfide veins and stockwork that range from approximately three meters thick at the west end to more than 20 meters in the east. This mineralization remains open in both directions. Goliath intends to drill Humdinger this year.
Full House hosts multiple polymetallic quartz-sulfide veins and shear zones with mineralization similar to Surebet, which lies about 5,000 meters to the southeast. The stack of mineralized veins and shear zones at Full House are five to 10 meters thick on average. Goliath plans to drill Full House in 2024.
The company says prospecting and mapping continue across the entire 52,756-hectare (130,363 acres) property that covers a 56-kilometer (35 miles) stretch of BC's famed Red Line, a geological contact zone – most of the major deposits in BC's Golden Triangle are found within 2,000 meters of the Red Line. Goliath says its geological crews are exploring areas where the shrinking snowpack has provided extensive zones of newly exposed outcrop in this world-class geological setting.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
Reader Comments(0)