High Grade Polymetallic Gold Zine At The Golddigger Property
TORONTO - Goliath Resources Limited reported the original discovery of high-grade gold and polymetallic mineralization over an extensive area on its 100% controlled Golddigger Property. This newly discovered area is referred to as the Sure Bet Zone that measures 1550m by 1130m and remains open in all directions. This area is demarked by a series of large NW - SE trending structures that host high grade polymetallic massive sulphide lenses within a gold mineralized alteration halo. These halos have been observed to be in excess of 40m wide surrounding the structures. The inaugural test channel cut on the discovery outcrop assayed 7.37 g/t AuEq over 8.4 meters including 3.4 meters of 17.68 g/t AuEq and 0.4 meters of 102.16 g/t AuEq true width. The channel started and ended in gold mineralization, confirming that the polymetallic gold zone remains open in all directions.
This new gold rich polymetallic discovery is located in an extensive area of recent glacial and snow pack abatement along an unexplored region in close proximity to the ‘Red Line’ in British Columbia’s Golden Triangle. This world class geologic setting and newly discovered wide spread high grade polymetallic gold mineralization on the Golddigger property has several early indications of a significant new discovery.
The property is in an alpine environment with excellent bedrock exposure and is only 7km west of the Dolly Varden Mine road and 10km to deep water barge access, providing good access to infrastructure in Alice Arm.
The field program on the Sure Bet Zone included preliminary mapping, prospecting, drone surveying and channel sampling. A total of 33 chip or grab samples were taken of which 23 (or 70%) were greater than 1.40g/t Au, that ranged from 1.41 g/t Au to 49.50 g/t Au or 1.98 g/t Au Eq to 63.30 g/t Au Eq.
Only 1 channel cut was taken, totaling 8.4m. The channel was designed to test both the massive sulphide lenses and a small portion of the silicified mineralized Hazelton group sediments hosting the alteration halo which was observed to be in excess of 40m wide. The inaugural test channel assayed 7.37 g/t AuEq over 8.4m true width. The channel started in the sediments assaying 2.15 g/t Au and ended in the sediments assaying 1.44g/t Au. The gold mineralization contained in the broad alteration halo confirms the significance of this zone that remains open in all directions. Mineralization within the Sure Bet Zone consists of structurally controlled lenses of massive sulphide containing Galena, Sphalerite and Pyrite. These lenses occur within broad alteration halos of silica flooded sediments which also contain polymetallic mineralization.