Seven Drills Target Massive Gold System With 100% Mineralized Hit Rate

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1. Disclosure for the quote from the John Newell article published on February 24, 2026

1. For the quoted article (published on February 24, 2026), Goliath Resources has paid Street Smart, an affiliate of Streetwise Reports, US$3,550
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

  2. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQX; B4IF:FSE) reported that drilling has commenced at the high-grade gold Surebet discovery on its 100%-owned Golddigger Property in British Columbia's Golden Triangle. The company stated that two drill rigs are currently operating on site, with five additional rigs expected to arrive shortly, bringing the total to seven drill rigs for the 2026 program.

According to the company, the fully funded drill campaign is planned to include approximately 50,000 meters of systematic drilling designed to expand known mineralization laterally and at depth. The program is also intended to test for the Motherlode Magmatic Gold Feeder Source. Goliath said all mineralized lodes/veins identified to date remain open for expansion.

The company stated that expansion drilling will focus on extending the Bonanza Zone and Golden Gate Zone to the east, northeast, and southwest, while also expanding the Surebet Zone to the west and testing additional gold-rich mineralized lodes/veins. Additional drilling is planned to evaluate lithological and structural features associated with magnetic anomalies that the company said may indicate the presence of a magmatic intrusion gold feeder source.

Goliath reported that every drill hole completed within the 1.8-square-kilometer Surebet discovery between 2021 and 2025 intersected gold mineralization. The company said the discovery contains five gold-rich zones comprising 46 stacked lodes and veins. According to Goliath, 355 of 386 drill holes, representing 92% of holes drilled to date, contained visible gold to the naked eye.

The company also reported that a drill core re-logging program is underway based on an updated geological model. The work is focused on further defining gold-rich shear zones and veins using an improved understanding of the geometry and grade distribution within the Surebet system.

"Goliath is fortunate to have an elite team of geologists, drillers, and support staff that have done a remarkable job every drilling season," Founder and Chief Executive Officer Roger Rosmus said in the news release. Rosmus added that one objective of the 2026 season is "to keep following the stacked veins laterally to expand on the Surebet lodes/veins and the Bonanza lodes/veins, plus testing a possible source that has a large concurrent geophysical anomaly."

The company stated that metallurgical testing on a composite core sample produced recoveries of 92.2% for gold, 86.5% for silver, 94.2% for lead, and 96.9% for zinc using a combination of gravity and flotation methods. Gravity recovery alone accounted for 48.8% of gold and 10.3% of silver recovery. Goliath said the testing indicated a benign rock composition without deleterious elements.

Market Commentators Focus on Gold Prices, Central Bank Activity, and Mining Shares

In a June 16 commentary, Stewart Thomson discussed recent price action in gold, writing that the metal had "drifted into the massive buy zone of US$4100-US$4000" before experiencing "a massive surge in the price of gold." Thomson stated that technical indicators had reached oversold levels as sentiment weakened and noted that "the oscillators are all bullish." He also cited inflation, stock market valuations, debt concerns, and other macroeconomic factors as ongoing influences on precious metals markets.

Thomson's commentary also addressed silver and gold equities. He described silver as "leveraged gold" and wrote that "it's not too late to buy silver." Regarding mining shares, Thomson stated that "all lights are green" for the sector's technical setup and noted that historically rare oversold readings in mining-stock indicators had often been followed by substantial rallies.

Matthew Piepenburg, writing on June 15, focused on the role of gold within the global monetary system and differing investor perspectives on fiat currencies. Piepenburg wrote that some investors view gold as "real and honest money" and argued that long-term perspectives on gold are closely connected to views regarding monetary policy and currency debasement.

Piepenburg also discussed central bank purchasing trends. He wrote that "since as early as 2014, the world began net-dumping USTs and net-buying physical gold." According to Piepenburg, central bank gold purchases increased significantly after 2022, stating that "central bank gold purchasing has increased by 5X" and adding that "today, central banks now hold more physical gold than USTs." He characterized the trend as reflecting increased attention among central banks toward physical gold holdings.

A June 13 Bloomberg report examined volatility in gold mining equities amid continued investor interest in the sector. Bloomberg reported that a New York Stock Exchange gauge of gold miners had declined 31% since the end of February as investors responded to changing geopolitical developments, inflation expectations, and interest-rate outlooks.

According to the report, investor positioning within the sector has varied. Brian Laks, chief investment officer of Old West Investment Management, told Bloomberg that "Gold's not the same trade that it was 10 years ago." Bloomberg reported that gold equities have become increasingly sensitive to shifts in investor sentiment and macroeconomic developments, including inflation expectations and interest rates.

Chris Mancini, associate portfolio manager at Gabelli Gold Fund, told Bloomberg that gold was "being used more as an instrument for speculators to bet on short-term moves in interest rates." He added that "investors are pretty much frozen and waiting to see how this all plays out."

Despite recent volatility, Bloomberg noted that gold mining shares posted strong gains during the previous year. According to the report, gold rose 65% in 2025, while a New York Stock Exchange index tracking gold miners advanced 155%. Bloomberg attributed those gains to a weaker U.S. dollar, increased central bank demand for gold, and earnings growth among producers as costs remained under control.

Bloomberg also cited longer-term perspectives from investors active in the sector. Derek Benedet, portfolio manager at Purpose Investments, stated, "To be interested in gold right now, you have to have a bit of contrarian-leaning." Andrew Musgraves of VanEck told Bloomberg that "when all of this noise dies down, it's easy to see the market sort of looking to gold miners again."

2026 Drill Program Targets Expansion Across Multiple Zones

The 2026 drill campaign is planned to total approximately 50,000 meters and is fully funded, according to the company. Expansion drilling will target extensions of the Bonanza Zone and Golden Gate Zone to the east, northeast, and southwest, while the Surebet Zone will be tested to the west. Additional gold-rich mineralized lodes/veins that remain open based on surface observations will also be evaluated.

Goliath stated that the Bonanza Zone can be traced on surface for approximately 3 kilometers along the north slope, with a potential extension of 1.3 kilometers to the northeast and 600 meters to the southwest. The Surebet Zone can be traced on surface for 1.1 kilometers along the north slope and 1 kilometer along the south slope.

The company also plans to allocate drilling to a magnetic anomaly in the southwestern portion of the system. According to Goliath, the anomaly is spatially associated with lithological and structural datasets and may indicate the presence of a magmatic intrusion gold feeder source. 

In parallel with drilling, a drill core re-logging program is underway to better delineate gold-rich shear zones and veins using the updated geological model of the Surebet system.

Goliath reported that the Surebet discovery currently includes five primary mineralized zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado. Collectively, these zones comprise 46 stacked gold-rich lodes/veins that remain open for expansion. The company stated that the Bonanza Zone measures approximately 1.8 kilometers by 1.3 kilometers, the Surebet Zone measures 1.2 kilometers by 1.0 kilometer, and the Golden Gate Zone measures 1.3 kilometers by 1.0 kilometer. The Whopper and Eldorado zones measure approximately 1.0 kilometer by 1.0 kilometer and 1.0 kilometer by 900 meters, respectively. 

The company also reported that it expanded its land package from 66,608 hectares to 91,518 hectares and now controls 56 kilometers of the Red Line geologic trend. According to Goliath, the Golddigger Property is located on tidewater with a barge route to Prince Rupert and is situated near existing infrastructure, including the town of Kitsault and a permitted mine site on private property.

Ownership and Share Structure²

Management and insiders owned 20% of the company on a partially diluted basis, while strategic and institutional investors collectively held 35.0%, including Crescat Capital, a Global Commodity Group (Singapore), McEwen Inc. (MUX:TSX; MUX:NYSE ), Waratah Capital Advisors, Deutsche Bank AG, US Global Investors Inc., Rob McEwen, Eric Sprott, and Larry Childress.

The remaining shares were held by other institutional funds and retail investors. Goliath has 177 million shares issued and outstanding with a market capitalization of CA$259 million, or approximately US$186 million, and a 52-week trading range of CA$1.47 to CA$3.54.