Goliath Resources Announces Six New Gold Discoveries in British Columbia's Golden Triangle

Goliath Resources Limited, a portfolio company of McEwen Mining Inc., has announced the discovery of six new visible gold occurrences in a 96.5-meter mineralized interval from drill hole GD-25-302 at the Bonanza Zone of its Golddigger Property. Located in British Columbia's Golden Triangle, this discovery is part of an ongoing drill program targeting a deep magnetic anomaly believed to be linked to a theorized Motherlode source. The drill hole is expected to reach a depth of 1,000 meters, with the mineralization closely resembling the company's highest-grade intercept to date, significantly extending the gold-rich system.

In response to these findings and ongoing discoveries, Goliath has decided to expand its fully funded 2025 drill program from 40,000 to 60,000 meters. This expansion aims to unlock the full extent of the Surebet system and explore its Reduced Intrusion Related Gold (RIRG) potential. The Golddigger Property's recent discoveries underscore the site's promising prospects for gold extraction, marking a significant step forward in Goliath's exploration efforts. For more details on the press release, visit https://ibn.fm/o5dds.

The importance of these discoveries lies in their potential to significantly expand known gold resources in a historically productive mining region. The Golden Triangle of British Columbia has long been recognized for its mineral wealth, and new discoveries continue to demonstrate the area's untapped potential. The 96.5-meter mineralized interval containing six distinct gold occurrences represents substantial continuity of mineralization, which is crucial for economic viability in mining operations.

This expansion of the drill program from 40,000 to 60,000 meters represents a 50% increase in exploration activity, reflecting management's confidence in the property's potential. The additional drilling will allow for more comprehensive testing of the Surebet system and better understanding of the RIRG potential, which could represent a different style of gold mineralization with distinct geological characteristics and economic implications.

The discovery's significance extends beyond Goliath Resources to the broader mining sector in British Columbia. Successful exploration results can attract additional investment to the region, create employment opportunities, and contribute to local economies. The fully funded nature of the expanded program indicates strong financial backing and commitment to thorough exploration, reducing execution risk and increasing the likelihood of continued discovery success.

For investors and stakeholders in the mining sector, these results demonstrate the ongoing potential for significant mineral discoveries in established mining districts. The systematic approach to exploration, targeting specific geological features like the deep magnetic anomaly, highlights the importance of modern exploration techniques in uncovering new resources. The resemblance to the company's highest-grade intercept to date suggests consistency in mineralization quality, which is positive for resource estimation and future mine planning considerations.