Goliath Expands Bonanza and Golden Gate Zones at Surebet Gold Discovery

Goliath Resources has expanded two high-grade zones at its Surebet gold discovery in British Columbia's Golden Triangle, with the Bonanza Zone now stretching 1.8 kilometers in two directions and the Golden Gate Zone reaching 1.6 kilometers east-west and 1.5 kilometers north-south. The company reported visible gold in 6 of the first 10 holes drilled in 2026, continuing a pattern that has held across 92% of the 386 holes drilled to date.

The Bonanza Zone expansion, confirmed to the southwest, shows mineralization in sheared quartz-sulphide breccia intervals up to 7 meters wide. Earlier drilling there returned 8.35 g/t gold equivalent over 23 meters, including 8.31 g/t gold and 2.30 g/t silver, in hole GD-24-280. The zone previously contained five lodes with a combined thickness of up to 27 meters.

The Golden Gate Zone, now extended both south and north, features numerous vein sets hosted in andesitic volcanic rocks. Visible gold, sphalerite, galena, and pyrrhotite are present. Hole GD-24-260 returned 34.52 g/t gold equivalent over 39 meters, including 34.47 g/t gold and 3.96 g/t silver. The zone holds 18 lodes with a combined thickness of up to 49 meters.

Both zones remain open for further expansion, the company said.

Goliath is running five drills on site and plans to add two more, targeting 50,000 meters of drilling in 2026. The program is fully funded. Directional drilling, where multiple holes extend from a single mother-hole, is being used to cut costs and improve targeting accuracy. All drill targets so far have been intercepted using this method, according to the company.

The 2026 campaign has two main objectives: extensively drill the hinge zones where Surebet, Bonanza, and Golden Gate meet, which consistently show high-grade mineralization and could become an ideal starting point for mining operations; and test new areas to expand the known mineralization footprint.