Mineralization is observed in quartz-chlorite veins and veins characteristic of the style of deposit observed.
Goliath Resources reported drill results for GD-23-203 from within Bonanza Shear, the contact between the sediments and the Hazelton volcanoes at its Golddigger project, British Columbia, Canada.
Hole GD-23-203 placed from Platform 8 within Bonanza Shear intersected an extensive mineralized interval composed of sulfide-rich quartz breccia and stockwork from 288.65 to 324.1 meters that included 15.8 meters of abundant visible gold from 306.2 to 322 meters.
Sulfide mineralization consists of patches, stockworks and disseminated galena (1%), sphalerite (2%), pyrrhotite (2%) and minor chalcopyrite. The mineralized interval is hosted in strongly altered siltstones and mineralization is observed in quartz-chlorite veins and streaks characteristic of the style of deposit observed within the Golddigger project.
Hole GD-23-157, drilled from Cliff Pad within the Golden Gate feeder zone (500 m north of Pad A), intersected visible gold mineralization containing 23 meters of 21.08 g/t AuEq (18 .95 g/t Au and 95.31 g/t Ag) including 14.00 meters of 33.75 g/t AuEq (30.39 g/t Au and 150.42 g/t Ag) and 9.00 meters of 50.27 g/t AuEq (45.27 g/t Au and 225.42 g/t Ag).
The hole drilled a sedimentary package formed by interbedded shales and sandstones, crossed by several dikes of intermediate composition. A multitude of sulfide- and gold-rich quartz veins and breccias were intersected, which were hosted in altered siltstones characteristic of the Surebet Zone.
The observed alteration style consists of chloritization in the veins and silicification extending from the vein margins into the host rock. consistent with previous high-grade occurrences from the Surebet Zone. Sulfide mineralization ranges from stockwork to semi-massive pyrrhotite, sphalerite, galena ± chalcopyrite and is particularly pronounced from 129 to 131 meters and 136 to 137 meters.
The shallowest Visible Gold occurrence was identified at 119 meters depth, associated with patchy pyrrhotite mineralization. Eleven other occurrences of Visible Gold were observed between 129 and 139 meters. The intercept is interpreted to be the Surebet Zone and is one of five mineralized intercepts intersected in this hole. associated with irregular pyrrhotite mineralization. Eleven other occurrences of Visible Gold were observed between 129 and 139 meters. The intercept is interpreted to be the Surebet Zone and is one of five mineralized intercepts intersected in this hole associated with patchy pyrrhotite mineralization.
Hole GD-23-173 formed from Cliff Pad, intersecting visible gold and abundant sulfide mineralization hosted in quartz stockwork and quartz breccia veins in 2 intervals. The Surebet Zone from 45.11 to 72 meters as well as the Bonanza Shear from 466 to 455.27 meters. The main mineralized intercept (Surebet Zone) consists of over 1 oz/t AuEq (10.97 g/t Au and 1817.34 g/t Ag) over 9.60 meters within 23.89 g/t AuEq (9 .40 g/t Au and 1176.14 g/t Ag) over 15.49 meters* within 14.68 g/t AuEq (5.81 g/t Au and 719.13 g/t Ag) over 26, 89 meters.
Assays are currently pending for the deepest intersection that corresponds to Bonanza Shear and shows the presence of Visible Gold and abundant sulfide mineralization present as galena, sphalerite, pyrrhotite and semi-massive and spindly chalcopyrite. Mineralization is observed as semi-massive pyrrhotite (up to 5%), sphalerite (up to 2%), disseminated to irregular galena (<1% but consistent throughout the interval) and minor chalcopyrite (<1%). Seven occurrences of visible gold were observed across the intersection of the Surebet zone, reaching sizes of up to 0.7 mm.
The deepest Bonanza Shear intercept is hosted in sheared shales and extends from 446 to 455.27 metres, where mineralization consists of disseminated to semi-massive (1%) pyrrhotite and galena, sphalerite and chalcopyrite showing <1% abundance in the length of the interval, but they are concentrated in local quartz veins. Visible Gold was identified at a depth of 447.4 meters associated with sulphides. disseminated to irregular galena (<1% but consistent throughout the interval) and minor chalcopyrite (<1%). Seven occurrences of visible gold were observed across the intersection of the Surebet zone, reaching sizes of up to 0.7 mm. The deepest Bonanza Shear intercept is hosted in sheared shales and extends from 446 to 455.27 metres, where mineralization consists of disseminated to semi-massive (1%) pyrrhotite and galena, sphalerite and chalcopyrite showing <1% abundance in the length of the interval, but they are concentrated in local quartz veins. Visible Gold was identified at a depth of 447.4 meters associated with sulphides. disseminated to irregular galena (<1% but consistent throughout the interval) and minor chalcopyrite (<1%). Seven occurrences of visible gold were observed across the intersection of the Surebet zone, reaching sizes of up to 0.7 mm.
The deepest Bonanza Shear intercept is hosted in sheared shales and extends from 446 to 455.27 metres, where mineralization consists of disseminated to semi-massive (1%) pyrrhotite and galena, sphalerite and chalcopyrite showing <1% abundance in the length of the interval, but they are concentrated in local quartz veins. Visible Gold was identified at a depth of 447.4 meters associated with sulphides. where mineralization consists of disseminated to semi-massive pyrrhotite (1%) and galena, sphalerite and chalcopyrite showing <1% abundance across the interval but are concentrated in local quartz veins.
Hole GD-23-197 drilled from Platform 16 within the Golden Gate feeder zone (600 m north of Platform A) intersected three outcropping quartz-chlorite-sulfide mineralized shear zones. The first zone occurs within the shales at 396 to 398 meters and is interpreted as part of the Surebet Zone, the second occurs at 418.1 to 422 meters and is most likely part of the Bonanza Shear. A third new zone, called the Golden Gate Zone, has been identified just 20 meters below Bonanza Shear, within the underlying volcanic layers of Hazelton, between 442.85 and 462.00 meters, representing an interval of 19, 15 meters (~true width) where multiple laminated veins/shears vary in thickness from 3 centimeters to 2.2 metres, containing abundant Visible Gold (up to 1%), nuggets up to 4mm in size, sphalerite (up to 10%), galena (up to 5%), chalcopyrite (up to 3%).
Golddigger Project
It covers an area of 61,685 hectares and is located in the world-class geological environment of the Eskay Rift within the Golden Triangle of British Columbia and 3 kilometers from the ‘Red Line’ which hosts multiple world-class deposits. The Surebet discovery has exceptional metallurgy with gold recoveries of 92.2%, including 48.8% free gold by gravity alone at a 327 micrometer crush.
