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Junior Miner Hits 11 g/t Gold as Surebet Discovery Expands

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Goliath Resources Ltd.'s (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) high-grade drill results from British Columbia's Golden Triangle continue to fuel excitement at the Surebet Discovery, including 11 g/t gold over 4.85 meters within 11 meters of 5.10 g/t Au. Read more about how this junior miner is expanding its footprint with a 100% drilling hit rate with 94% of the holes containing visible gold from its 2025 drill campaign.

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) reported additional assay results from the ongoing 2025 drill program at its 100% controlled Golddigger Property, located in British Columbia's Golden TriangleThe latest results from the Surebet Discovery include high-grade gold intercepts from multiple drill holes, further expanding the mineralized footprint of the Bonanza Zone from 550 meters to over 1.1 km across and remains wide open. 

Drill hole GD-25-317 returned11.00 g/t over 4.85 meters within 5.10 g/t over 11.00 meters from within the Bonanza Zone.. A second interval in the same hole intersected 6.02 g/t over 5.50 meters within 3.64 g/t gold over 9.40 metersfrom within the Surebet Zone. Visible gold was recorded in eight locations within this hole. 

Drill hole GD-25-302 intersected two mineralized intervals within a 96.50 meter section. The first consisted of 6.28 g/t over 6.00 meters within 8.88 g/t over 4.00 meters. The second returned 3.44 g/t over 6.00 meters within 1.59 g/t gold over 16.00 meters.. These results extend the Bonanza Zone's mineralized footprint 150 meters to the south. Both zones remain open in all directions. Drill hole GD-25-314 returned 2.82 g/t over 3.15 meters within 2.25 g/t gold over 4.00 meters.. 

To date, Goliath has completed 34 holes totaling 25,000 meters of drilling as part of its fully funded 2025 program. The company plans to drill approximately 60,000 meters this season using nine active rigs. 100% of the holes drilled in 2025 have intersected quartz-sulphide mineralization, with 94% of the holes showing visible gold that can be seen with a naked eye (“VG”). Assays reported so far reflect gold values only, with results pending for silver, copper, lead, and zinc. 

The Surebet Discovery has demonstrated consistent mineralization across three distinct geological units, including stacked gold-rich veins, vertical Reduced Intrusion Related Gold (RIRG) dykes, and calc-silicate altered breccia zones. All these distinct rock packages contain VG and remain open for further drilling. 

In the news release, CEO Roger Rosmus stated that "receiving exceptional gold only assays of  11 g/t Au over 4.85 meters within 5.10 g/t over 11 meters from the first new holes completed in 2025 is a testament to the strong high-grade gold potential at Surebet." 

Recent re-logging of historical drill core yielded new mineralized intervals, including GD-22-64, which returned 6.31 g/t gold equivalent over 14.35 meters, and GD-24-280, which assayed 8.31 g/t gold over 23.00 meters. Assays are pending for an additional six holes containing visible gold from previous drilling campaigns. 

Gold Holds Steady in 2025 Amid Inflation and Safe-Haven Demand

On July 15, Stewart Thomson of 321gold noted the strength of cultural demand in Asia, particularly in China, where gold is widely viewed as a preferred savings vehicle. "In China, it's clear that the young citizens are savers, and their favorite vehicle to save is gold," he wrote. By contrast, Thomson observed that investors in Western markets tended to reduce gold exposure in response to positive economic data. He also pointed to seasonal patterns and inflation concerns, suggesting that inflationary pressures may intensify later in the summer, which could influence broader sentiment in metals markets.

Market volatility was evident on July 16, when Kitco reported a sharp intraday swing in gold prices of nearly US$60. The movement followed uncertainty related to Federal Reserve leadership and broader economic developments. Analyst Gary Wagner described the session as reflective of the market's sensitivity to policy changes. Gold closed at US$3,359.10, up US$22.40 for the day, with a weaker US dollar contributing to the gain.

Gold-backed exchange-traded funds (ETFs) also experienced significant growth in the first half of the year. A July 18 report by Josh Chiat of Stockhead cited World Gold Council data showing that global ETF holdings had increased by 41% year-to-date, reaching US$383 billion in assets under management and totaling 3,616 tonnes. The Council stated that "gold, through its fundamentals, remains well positioned to support tactical and strategic investment decisions in the current macro landscape."

Further analysis from Yahoo Finance on July 24 noted that both gold and bitcoin had posted 28% gains year-to-date as of mid-July. Roxanna Islam of TMX VettaFi commented that heightened market volatility had increased investor interest in alternative assets, including gold and bitcoin ETFs. J.P. Morgan Asset Management reported that gold ETF assets under management stood at US$170 billion in April, with SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) leading the market at US$102 billion and US$48 billion respectively.

Analyst Coverage and Institutional Support Highlight Goliath's Advancing Position

In a report dated July 7, 2025, Steven Ralston of Zacks Small-Cap Research increased his price target for Goliath Resources to US$4.04. He based the valuation on a 1% discount to the in situ value of estimated outlined and expected gold-equivalent ounces at the Golddigger Project. According to the report, the updated target reflected “financing and expected results.”

Ron Struthers of the Struthers Resource Stock Report echoed this view on July 8, referencing a standout intercept of 34.52 g/t gold equivalent over 39 meters and noting the ongoing 60,000-meter drill program with nine active rigs as a major driver of current momentum.

In the July 28 edition of What is Chen Buying? What is Chen Selling?, Chen Lin reiterated his positive outlook on Goliath Resources following its latest drill results, which included 11 grams per tonne gold over 4.85 meters. He described the company as maintaining a 100% hit rate with 94% of holes showing visible gold, and indicated that many more results are expected in the coming weeks. Chen referred to Goliath as "the next big discovery" and confirmed that he continues to hold a position.

On July 7, Zacks Small-Cap Research initiated coverage of Goliath Resources with a Buy rating and a 12-month target price of CA$2.86. Analyst Brian Wortel highlighted the scalability of the Surebet Discovery and noted, “Goliath has reported consistent high-grade drill results across a wide area with significant vertical continuity.” He also emphasized the strategic infrastructure advantage of being near tidewater in British Columbia’s Golden Triangle, along with the high gravity-recoverable gold rate of 48.8%, which could improve project economics. Wortel concluded that “the company’s aggressive drill program and high hit rate make it a strong candidate for acquisition or joint venture interest.”

 

Exploration Momentum at Surebet

Goliath Resources continues to advance the Surebet Discovery within the broader Golddigger Property with a systematic and expanded drill program in 2025. According to the July 24 investor presentation, this year's campaign increased the planned drill meters from 40,000 to 60,000, reflecting continued geological confidence in the area.

The company has identified three distinct mineralized rock packages containing visible gold: gently dipping stacked veins, vertically oriented Reduced Intrusion Related Gold (RIRG) dykes, and calc-silicate altered breccias. Updated modeling efforts have associated these structures with a deeper magmatic source, interpreted as the Motherlode intrusion.

The Surebet Discovery spans a surface area of 1.8 square kilometers, with mineralization exposed over 2.1 kilometers of strike length and 700 meters of vertical relief. Over 92,000 meters of drilling have been completed between 2021 and 2024, with a hit rate of 100% mineralized intercepts. In 2024, 94% of holes included visible gold.

The company also highlighted gold recoveries of 92.2% from gravity and flotation methods, with 48.8% of gold recovered through gravity alone and no cyanide required. Metallurgical tests indicate no deleterious elements, and the site benefits from proximity to tidewater and permitted infrastructure in Kitsault, British Columbia.

Upcoming catalysts include continued assay releases from the 2025 drill campaign, results from early-season re-logging of 2021–2024 holes, and further exploration of untested feeder dykes and structural intersections known as "Goldilocks Zones." These crosscutting zones host both RIRG dykes and stacked veins, areas considered key targets due to the overlap of mineralization styles.

Goliath has also increased its land position in the Golden Triangle to 91,518 hectares, controlling 56 kilometers of the Red Line, a geologic marker associated with several significant past-producing and active gold operations in the region.

streetwise book logoStreetwise Ownership Overview*

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE)

*Share Structure as of 6/24/2025

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. 

Post this current round of financing, Goliath has 161.7  million issued and outstanding shares and (141.86M free float traded shares??). Its market cap is CA400M  Its 52-week range is CA$0.90  – CA$2.87 per share.


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Important Disclosures:

  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.
  3.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

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