Roger Rosmus, Founder, CEO, & Director of Goliath Resources (TSX.V: GOT) (OTCQB: GOTRF) and Randall Karcher PHD student at the Colorado School of Mines, both join me to review the recent detailed geological study that was recently completed by the Colorado School of Mines, utilizing a compilation of drill holes and geological data. Conclusions of the geological study confirm a new interpretation of the ore forming process of high-grade gold mineralization at Surebet and confirms common causative Reduced Intrusion Related Gold (RIRG) source with tremendous untapped discovery potential at the Golddigger Project in the Golden Triangle of British Columbia.
Randall outlines the two stages of gold mineralization clearly associated with a RIRG system as well as the areas where there is an overlap in mineralization and alteration ages for shear hosted veins and dykes, and paragenetic relationships of minerals consistent with alteration occurring from a cooling hydrothermal system. These strongly indicate a common RIRG feeder source at Surebet, and this new understanding will considering in the coming 2025 drill program.
Next we got into the details of the initiative last year to relog many drill core intercepts showing these RIRG dyke mineralization, from prior year’s exploration programs in 2021-2023. Results confirmed multiple intercepts of an intrusion related feeder dyke system that remains open, strongly indicating close proximity to a large gold-rich intrusive source. This reduced intrusion mineralization will continue to be a focus of follow-up relogging and new drill targets for this year’s program, with the plans to get more prioritized core sent back off to the assay labs in May, once the team gets mobilized at camp.
Roger shares the financial health of the Company treasury and that warrants have been getting exercised bringing in more funds, and other warrants that are in the money will likely also get exercised over the course of the year. This allows the team to hit the ground running funded to get this year’s exploration program underway once the snows have melted.
If you have any questions for Roger about Goliath Resources, then please email me at Shad@kereport.com and then we’ll get those answered or covered in a future interviews.
- In full disclosure, Shad is a shareholder of Goliath Resources at the time of this recording.
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