Explorer Drills Several High-Grade Gold Holes Across Expanding Discovery in B.C.'s Golden Triangle

Source: Streetwise Reports 09/08/2025

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) reported multiple new intercepts including 18.58 g/t gold over 5.00 meters at its Surebet Discovery. With 90% of holes showing visible gold, read how the company maintains a 100% hit rate as drilling nears 60,000 meters.

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) reported further high-grade gold assay results from its 2025 drill campaign at the Surebet Discovery on the Golddigger Property, located in British Columbia’s Golden Triangle. According to the news release, drill hole GD-25-328 intersected 18.58 grams per tonne (g/t) gold over 5.00 meters, including 30.95 g/t over 3.00 meters. These assays were based on gold only and represent approximately true widths. Additional results include GD-25-355, which returned 5.72 g/t gold over 12.20 meters, and GD-25-345, which intercepted 5.09 g/t gold over 9.00 meters.

The company stated that 100% of the 2025 drill holes have intersected substantial quartz-sulphide mineralization, with 90% showing visible gold. In total, 82 drill holes totaling 55,000 meters have been completed so far this year, with 33 holes remaining. Goliath is targeting a total of up to 60,000 meters across 115 drill holes using nine rigs.

Drilling has delineated three distinct rock packages hosting high-grade mineralization: gently dipping quartz-sulphide breccias, Eocene-aged Reduced Intrusion Related Gold (RIRG) dykes, and calc-silicate altered breccias. These packages collectively support a model indicating a causative “Motherlode” magmatic intrusion source at depth.

Since 2021, more than 92,000 meters of drilling has been conducted on the Golddigger Property with over 400 pierce points, confirming a mineralized footprint of 1.8 square kilometers. Highlights from prior years include drill hole GD-24-260, which returned 34.52 g/t gold over 39.00 meters, including 132.93 g/t over 10.00 meters. Metallurgical testing has shown gravity and flotation recoveries of 92.2%, with 48.8% free gold recovery, and no need for cyanide processing.

CEO Roger Rosmus noted in a company statement, “We continue to deliver high-grade gold results over mineable widths that increases the confidence level demonstrating Surebet’s predictable continuity.” He added that the team is “motivated and enthusiastic” with the drill program nearing completion and assay results expected to continue into 2026.

Gold Extends Lead Over Equities Amid Inflation Warnings

Gold continued its strong upward momentum in early September, widening its lead over other asset classes as inflationary concerns mounted. On September 3, Gains, Pains & Capital reported that gold had surged by as much as US$85 in a single day, reaching a new all-time high of US$3,601 and marking a 34% year-to-date gain. The commentary linked the move to what it described as “BAD inflation,” suggesting parallels with previous cycles where gold outpaced equities during periods of monetary instability.

The following day, Midas Letter highlighted the broader macroeconomic pressures driving gold demand, referring to a “hyper-inflationary race to the bottom for USD.” The report noted spot gold touched US$3,578.50, with December futures surpassing US$3,610. Writer James West pointed to the U.S. Treasury’s increased dependence on short-term debt instruments as a contributing factor, describing it as “a relentless, high-frequency churn of trillions of dollars.” He concluded that gold’s recent price action “reasserted its role as the safe haven asset for global investors.”

On September 5, Stockhead reported that gold had reached US$3,556 per ounce based on London Bullion Market Association pricing, marking nearly 30 new record highs so far in 2025. Analysts at State Street Global Investment Management attributed the sustained strength to concerns over stagflation, equity market volatility, and central bank policy risks. “Gold continues to shine as a leading US$ denominated asset class for another calendar year,” said Aakash Doshi and colleagues, also noting a positive trend in physical demand from both central banks and investors. They added that the post-rate-pause environment had already produced an 18% gain in gold prices.

Exploration Outlook: Continuity and Expansion Drive

Goliath Resources’ ongoing drill campaign at the Surebet Discovery remains focused on resource delineation and system expansion. The company’s 2025 plan includes targeting multiple geological features, including the intersection of stacked quartz-sulphide veins and vertical RIRG dykes, referred to as “Goldilocks Zones”, which are considered zones of overlapping mineralization styles. Thirteen Eocene-aged dykes identified at surface remain untested and are scheduled for future drilling.

The Golddigger Property has seen substantial exploration investment, with over 92,000 meters drilled since 2021. The mineralized zones remain open in all directions and benefit from natural surface exposure due to glacier retreat, along with proximity to infrastructure including a barge-accessible tidewater location and a permitted mill site in Kitsault.

In addition to drilling, the company has updated its geological model in collaboration with SRK Consulting, the Colorado School of Mines, and others. This multi-disciplinary approach aims to refine structural understanding and identify further targets.

Analyst Coverage and Institutional Commentary Reflect Confidence in Goliath’s Progress

Goliath Resources received renewed attention from multiple analysts in July 2025, with reports citing both the scale of exploration efforts and consistent high-grade results at the Golddigger Project. On July 7, Steven Ralston of Zacks Small-Cap Research raised his price target for the company to US$4.04, explaining that the valuation was based on a 1% discount to the in situ value of estimated outlined and anticipated gold-equivalent ounces. The target, according to the report, incorporated recent financing and expected exploration outcomes.

That same day, Zacks Small-Cap Research also initiated separate coverage on Goliath with a Buy rating and a 12-month target price of CA$2.86. Analyst Brian Wortel pointed to the scalability of the Surebet Discovery, writing that “Goliath has reported consistent high-grade drill results across a wide area with significant vertical continuity.” He cited the project’s location near tidewater in the Golden Triangle and noted the 48.8% gravity-recoverable gold rate as factors that could support attractive project economics. Wortel also referenced the company’s high hit rate and active drilling strategy as potential drivers of interest from larger partners.

Additional commentary followed on July 8 from Ron Struthers of the Struthers Resource Stock Report, who highlighted an intercept of 34.52 g/t gold equivalent over 39 meters as a notable result. He emphasized the ongoing 60,000-meter drill campaign and the presence of nine active rigs as key indicators of project momentum.

On July 11, analyst Jay Taylor discussed results from the relogging and sampling of drill hole GD-24-280 in his hotline update. He noted the intercept of 8.31 g/t gold over 23 meters, including 15.69 g/t over 11 meters and 37.45 g/t over 4 meters, as part of a third distinct rock package within the Bonanza Zone. He remarked that the mineralized system “remains wide open.”

Later in the month, Chen Lin reiterated his positive outlook in the July 28 edition of What is Chen Buying? What is Chen Selling?. Following assays that included 11 g/t gold over 4.85 meters, he referenced the company’s 100% drill hit rate and reported that 94% of holes had returned visible gold. He described Goliath as “the next big discovery” and confirmed he continued to hold a position in the stock.

In a September 2 update, technical analyst Clive Maund reiterated his bullish stance on Goliath Resources Ltd., stating that the company “is rated a Strong Speculative Buy” following a breakout from a long-term base pattern. He noted that although the stock has trended gently higher since his prior recommendation in late May (currently up about 15%), the price action remains constructive.

Maund addressed what might appear as a potential double top near the February 2025 highs but explained that the current sideways movement is instead a healthy consolidation. “It went up too far too fast early in the year, then over-reacted and is now establishing itself at higher levels ahead of a breakout to new highs,” he wrote. He highlighted that the rising 200-day moving average has since caught up to the price, creating conditions that favor a renewed uptrend.

On a 10-month chart, Maund pointed out that moving averages remain in bullish alignment and the MACD shows “a lot of upside potential from here.” Volume buildup in recent sessions was described as “the start of a major new bull market.” [OWNERSHIP_CHART-9595]

He emphasized the importance of the technical breakout seen earlier this year on a 10-year chart, identifying it as a major move out of a long-forming “Cup & Handle” base that began in mid-2019. According to Maund, “a base pattern of this size can clearly support a major bull market of much greater magnitude than what we have seen so far this year.” He added that the breakout was supported by a steadily rising accumulation/distribution line and increasing volume.

Based on the chart structure and the broader strength in the gold sector, Maund concluded: “We therefore stay long and Goliath Resources is rated a Strong Speculative Buy here.”

Ownership and Share Structure

According to Goliath Resources, management and insiders own 20% of its shares on a partially diluted basis.

Strategic and institutional investors collectively own 32.5%, with notable holdings including Crescat Capital LLC at 12.2%, Global Commodity Group (Singapore) at 5%, McEwen Mining at 4.8%, Waratah Capital Advisors 4.3%, Rob McEwen at 3.2%, Eric Sprott at 2% and Larry Childress at 1%.

The remaining shares are held by other institutional funds and retail investors.

Goliath has 163 million issued. Its market cap is CA$359 million with a 52-week range of CA$0.95 – CA$2.87 per share.

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1. Goliath Resources is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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( Companies Mentioned: GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE, )

Source: https://www.streetwisereports.com/article/2025/09/08/explorer-drills-several-high-grade-gold-holes-across-expanding-discovery-in-b-c-s-golden-triangle.html