Goliath Resources Limited (TSXV: GOT | OTCQB: GOTRF | FSE: B4IF) has reported the results of the geological study recently completed by the Colorado School of Mines, utilizing a compilation of drill holes and geological data.
Conclusions of the geological study confirms 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, according to the company.
Roger Rosmus, founder and CEO of Goliath Resources, stated, “Since our initial discovery at Surebet of an extensive outcropping zone of gold mineralization, followed by drilling below to make a discovery of a series of stacked gently dipping high-grade gold veins, and then a series of vertical dykes through the stacked veins, our understanding of the overall system has been aided by the great work by the team at the Colorado School of Mines.”
High-grade gold mineralization at Surebet occurs in two different settings, both containing visible gold in high percentages of the drill hole intersections.
Of particular interest to Goliath is the visible gold which is fine to coarse grained, and includes up to abundant visible gold, with an increase of coarseness and abundance in vertical distribution. This is consistent with the assessment that the system is getting richer as it is drilled deeper, and both styles of high-grade gold mineralization are open in all directions.
“All of our drilling and geological work enabled us to provide a remarkable amount of material and data for the team at the Colorado School of Mines to enhance the modeling, interpretation and thesis of what has caused the high-grade gold mineralization we have drilled into with great success so far. In a general sense, we have determined that we have a series of gently dipping high-grade veins with vertical RIRG zones (also with highgrade gold) through the veins. Which have enriched the veins, and there is a likelihood that they are all coming from a common source. When you consider how widespread the high-grade gold mineralization is in the veins and RIRG zones, the source is potentially extremely large.” Added Mr. Rosmus.
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