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This Gold Discovery Was Already Huge. Now It’s Becoming a Monster. | Goliath Resources

The Deep Dive Sep 22, 2026 11:08

Summary

Goliath Resources stepped out up to 750 metres at Surebet and still hit mineralization, expanding the footprint past 2 square kilometres.

Hole 417 cut 58 metres of half-gram gold between Bonanza and Golden Gate, hinting the two zones may join into one body.

Recent core is silver-rich — 3 metres at 2,447 g/t silver and 8 metres at 975 g/t — broadening Surebet into copper, lead, and zinc.

Rosmas is delaying a maiden resource until the system is bounded, pushing the deadline to 2030; Stiefel carries a 4.2Moz exploration target.

Steve Hyland's takeaways

  • Top takeaway Hyland argues the wedge of mineralized rock linking Bonanza and Golden Gate is more important than the step-out results because it reframes Sherbet from multiple discrete zones into one continuous body potentially amenable to bulk underground mining.
  • Hyland treats the ability to step out up to 750m and still hit mineralization as "rarer than rare" and frames the absence of a known edge to SureBet as the central question of the 2026 program.
  • Hyland flags that the polymetallic picture — a 975 g/t silver interval over 8m, a 3m stretch of 2,447 g/t silver, plus copper, lead and zinc — adds value beyond what a pure-gold framing would capture.
  • Hyland notes Goliath has removed the clock on a maiden resource by pushing the deadline to 2030 and observes that external estimates such as Stiefel's 4.2Moz/$4.25 target are filling the vacuum.

Roger Rosmas's takeaways

  • Top takeaway Rosmas's stated 2026 plan is to keep stepping out from known horizons until the drill stops hitting mineralization, framing the season as a scale-discovery exercise rather than an infill program.
  • Rosmas argues the system may all hinge off the Bonanza shear as a common denominator, with each zone connected to a deeper motherlode intrusive body.
  • Rosmas is reluctant to fence off the system with a maiden resource until its full footprint is known, and personally cites a 4 to 10 million ounce range for SureBet.
  • Rosmas points to the 58m lower-grade intercept between Bonanza and Golden Gate as evidence the two zones are connected and as a basis for considering a block-cave underground mining scenario.