Goliath Resources Secures C$20M to Fund Major Drill Programme
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Goliath Resources Secures C$20M to Fund Major Drill Programme

byEleanor Laurence - Content Producer, The Assay
3 weeks ago
Reading Time: 1 min read
Goliath Resources Confirms Surebet as Component of Major Tier-1 Reduced Intrusion-Related Gold System

Goliath Resources Limited (TSXV: GOT) is accelerating the development of its flagship Golddigger Property in British Columbia’s Golden Triangle, bolstered by significant financing and an ambitious 2025 exploration campaign.

In May 2025, the company announced a bought-deal private placement of charity flow-through shares, raising gross proceeds of C$20M. The funds will support Goliath’s largest drill programme to date, a 40,000m campaign utilizing nine rigs to further delineate the Surebet high-grade gold discovery.

Goliath has also engaged JDS Energy & Mining Inc. to assess the development of an underground exploration adit at Surebet. This initiative aims to facilitate more efficient drilling of the extensive high-grade lodes and enable potential bulk sampling.

Updated geological modeling confirms that the Surebet system is part of a large-scale Reduced Intrusion-Related Gold (RIRG) system, with multiple gold-rich feeder dykes remaining open for expansion.

Strategic investments have further strengthened Goliath’s position. In March 2025, McEwen Mining Inc. completed a C$10M investment, acquiring a 3.76% stake in Goliath.

To find out more, please visit www.goliathresourcesltd.com

To read more articles like this, please visit www.theassay.com/news

Tags: British ColumbiaFinancingTSXV:GOT
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Eleanor Laurence - Content Producer, The Assay

Eleanor Laurence - Content Producer, The Assay

Eleanor is new to the team as a Content Producer for the Assay magazine. Eleanor moved to Hong Kong from the UK in 2020 after graduating, to work in content writing in the education sector. She looks forward to building on her experience whilst continuing to learn about the mining industry. Eleanor holds a degree in Anthropology from the University of Exeter.

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