High-Grade Gold Intercepts and Expanding Mineralized Zones Boost Confidence in Goliath’s Surebet Discovery; MUX Maintains Strategic Stake

Consistent High-Grade Intercepts Drive Upward Momentum

Goliath Resources has delivered a noteworthy update from its Surebet Discovery in British Columbia’s Golden Triangle, reporting a series of thick, high-grade gold drill intercepts that continue to demonstrate the remarkable scale and continuity of the deposit. All 110 holes drilled in the 2025 campaign intersected gold mineralization—several containing visible gold to the naked eye (VG-NE)—and every one of the five primary zones remains open for expansion.

The standout holes include GD-25-319, which intersected 19.13 g/t gold over 6.10 meters (including 29.09 g/t over 4.00 meters) in the Golden Gate Zone, and GD-25-405, reporting 10.58 g/t over 8.30 meters (including 15.50 g/t over 5.60 meters) in the Bonanza Zone. These figures build upon an already robust track record: 355 out of 386 holes (92%) drilled across Surebet to date have encountered visible gold, highlighting both the quality and scale of the system.

Mineralized Zones Grow with Resource Upside Still Open

What’s especially notable is that the Surebet system’s five main zones—Bonanza, Surebet, Golden Gate, Whopper, and Eldorado—now comprise 46 mineralized lodes, each showing substantial thicknesses and grades, with the mineralized footprint now extending across 1.8 square kilometers. All zones remain open along strike and at depth, suggesting further resource growth is likely as the fully funded 2026 drill program proceeds.

To visualize the scale, here’s a summary of zone dimensions and headline intercepts:

Drill Highlights Underscore Systematic Grade and Continuity

Recent drill results reinforce the predictability and quality of mineralization, with numerous intercepts exceeding 10 g/t gold over substantial widths. The zones feature gently dipping stacked quartz-sulphide veins, vertical Eocene dykes, and broad calc-silicate altered breccias—all containing visible gold that often gets coarser with depth.

Select tabled highlights from the most recent drill campaign:

Full assay details can be found in the company’s technical documentation and accessible tables. Notably, multi-element gold equivalent (AuEq) values for the remaining holes are still pending, suggesting potential for further upside when those results are released.

Metallurgy, Infrastructure, and Major Shareholders Set Goliath Apart

Surebet’s gold exhibits strong recoveries—over 92% using gravity and flotation methods with nearly 49% recoverable via gravity alone. The rock is notably benign, with no deleterious elements, and mineralization is exposed at surface, simplifying future potential development. The property also benefits from proximity to tidewater, road, and existing mill infrastructure.

Goliath remains fully funded for its 2026 campaign, buoyed by strategic investors such as McEwen Mining (MUX), who sees the Surebet Discovery as a highly promising gold system with both grade and scale potential. As a cornerstone shareholder, MUX’s continued involvement provides additional credibility and validation for the project’s long-term prospects.

Outlook: Further Growth on the Horizon

For resource investors, the Surebet Discovery’s combination of thick, high-grade intercepts, open-ended mineralized zones, and predictable geology signals considerable potential for further resource expansion. With 110 multi-element assays still pending and a fully funded 2026 program, the next phase could bring even more clarity—and possibly even larger resource outlines. MUX’s ongoing position provides another layer of institutional conviction as Goliath works to build one of the most significant new gold systems in the Golden Triangle.

Investors monitoring Goliath and MUX may want to keep a close eye on upcoming assay releases and updates on resource modeling as these could catalyze renewed market interest and potential strategic advances.

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