Goliath Resources Reports Major High-Grade Gold Discovery at Bonanza Zone

Goliath Resources Limited has announced a major high-grade gold discovery at the Bonanza Zone on its Golddigger Property in British Columbia's Golden Triangle. The discovery is highlighted by drill hole GD-24-280 returning 8.31 grams per tonne gold over 23 meters, including higher-grade intervals within this significant intercept. This finding represents the third distinct mineralized rock package identified at the Surebet Discovery area, demonstrating the continued exploration success and geological complexity of the property.

The presence of visible gold in 60 out of 64 holes drilled during the 2024 field season provides strong visual confirmation of the mineralization and underscores the potential for further expansion of the Surebet Discovery. A comprehensive 60,000-meter drill program is currently underway to systematically test and expand the known mineralization both laterally and at depth. The exploration strategy extends beyond near-surface targets to include the pursuit of a deep-seated magmatic gold source, referred to by geologists as the 'Motherlode,' which could represent the primary source feeding the mineralized systems being discovered at shallower depths.

McEwen Mining Inc., which holds a strategic equity interest in Goliath Resources, stands to benefit significantly from this discovery through its investment position. The growing discovery potential of the Golddigger Property demonstrates the value of continued exploration in established mining districts like the Golden Triangle, where new technologies and geological understanding continue to reveal significant mineral resources. For additional information about this development and its broader implications, visit https://ibn.fm/YocsI.

The consistent results from the 2024 drilling campaign, combined with the identification of multiple mineralized packages, suggest the Golddigger Property hosts a robust and potentially extensive gold system. The high-grade nature of the intercepts, particularly the 8.31 g/t Au over 23 meters, indicates the economic potential of the discovery. The presence of visible gold in such a high percentage of drill holes provides additional confidence in the continuity and quality of the mineralization, which is crucial for advancing the project toward potential development.

This discovery contributes to the growing recognition of the Golden Triangle as one of North America's most promising gold exploration districts. The systematic approach to exploration, including the substantial 60,000-meter drill program, reflects the company's commitment to thoroughly evaluating the property's potential. The combination of near-surface mineralization targets with the deeper 'Motherlode' concept represents a comprehensive exploration strategy that addresses both immediate discovery opportunities and longer-term, potentially larger-scale targets.