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

Goliath Resources Limited has reported a major high-grade gold discovery at the Bonanza Zone on its Golddigger Property, located in British Columbia's Golden Triangle. The discovery is highlighted by drill hole GD-24-280 returning 8.31 g/t Au over 23 meters, including higher-grade intervals, representing the third distinct mineralized rock package identified at Surebet. The presence of visible gold in 60 out of 64 holes drilled in 2024 underscores the potential for further expansion of the Surebet Discovery, with a 60,000-meter drill program currently underway.

McEwen Mining Inc., which holds a strategic equity interest in Goliath Resources, stands to benefit from this significant discovery. The ongoing exploration efforts aim to expand the known mineralization both laterally and at depth while targeting a deep-seated magmatic gold source referred to as the 'Motherlode'. This development emphasizes the growing discovery potential of the Golddigger Property and its importance for stakeholders, including McEwen Mining. For additional information on the discovery and its implications, visit https://ibn.fm/YocsI.

The consistent presence of visible gold across multiple drill holes suggests robust mineralization continuity throughout the Bonanza Zone. The discovery of this third mineralized rock package at Surebet indicates multiple mineralizing events or structural controls that could host substantial gold resources. The 60,000-meter drill program represents one of the most extensive exploration initiatives in the region, demonstrating the company's commitment to fully evaluating the property's potential.

This discovery occurs within the prolific Golden Triangle of British Columbia, a region known for hosting world-class gold deposits. The high-grade intercept of 8.31 g/t Au over 23 meters, combined with the widespread visible gold occurrences, suggests the potential for economic mineralization that could support future mining operations. The strategic involvement of McEwen Mining provides additional validation of the project's significance and potential value creation for shareholders of both companies.

The exploration strategy focusing on both near-surface expansion and deeper magmatic sources reflects a comprehensive approach to resource definition. The concept of targeting the 'Motherlode' indicates geological modeling suggesting the presence of a larger, deeper mineralizing system that could feed multiple mineralized zones at Surebet. This systematic exploration approach increases the likelihood of continued discovery success and resource growth throughout the Golddigger Property.