Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) reported multiple high-grade gold assay results from its 2025 drill campaign at the Surebet Discovery, part of the 100%-owned Golddigger Property in British Columbia's Golden Triangle. The release included new intersections from the Bonanza and Surebet Zones, reinforcing mineral continuity and the widespread presence of VG-NE across the 1.8 km² target area.
Drill hole GD-25-372 intersected 10.72 grams per ton (g/t) gold (Au) over 7.83 meters, including a higher-grade interval of 20.37 g/t Au over 4.10 meters. Additional highlights include GD-25-373 with 6.30 g/t Au over 7.50 meters, GD-25-324 with 6.11 g/t Au over 7.65 meters, and GD-25-370 with 2.20 g/t Au over 22.00 meters, including subintervals up to 4.63 g/t Au over 4.99 meters. All intercepts are approximately true width and reflect gold-only results, with silver and base metals assays pending that could potentially show a higher AuEq result.
According to the company, assays remain outstanding for 84 holes, 66 of which contain VG-NE. This year's 64,364-meter campaign was fully funded and completed with nine drill rigs. Drilling focused on expanding the Surebet system laterally and at depth, testing three distinct mineralized rock packages and multiple gold-bearing domains, including quartz-sulphide stockworks, Reduced Intrusive Related Gold (RIRG) Eocene-aged dykes, and calc-silicate altered breccias.
Dr. Quinton Hennigh, Technical Advisor to Crescat Capital and Goliath, stated that the reported intercepts "bode well for potential bulk underground mining" and commended the company's execution in building "more continuity in key quartz-sulfide lodes." CEO Roger Rosmus added that the company has submitted all samples for assay and noted that "every season since the discovery, this grassroots project has continued to expand."
All drill holes completed to date at Surebet have intersected significant quartz-sulphide mineralization, with VG-NE present in 76% of holes drilled in 2025 and 92% of holes overall across all 386 drill holes from 2021 - 2025. A prior highlight from GD-24-260 reported 34.52 g/t Au over 39 meters, including subintervals over 130 g/t Au, reinforcing the high-grade nature of the system.
Central Banks Anchor Gold's Historic October Surge
Gold's record-breaking rally in October reflected a convergence of global uncertainty, shifting monetary policy, and renewed confidence in tangible assets. In an October 10 commentary, Anthony Keane highlighted gold's 123% gain over the previous two years, outpacing most asset classes. The performance was linked to declining interest rates, geopolitical instability, and increased demand for finite resources. Kyle Rodda of Capital.com noted that "the supply of money grows at a much faster pace than we can pull gold out of the ground," while Tony Catt of Catapult Wealth emphasized persistent official sector accumulation, calling gold "an asset class where there is a lot of central bank buying."
UBS described overall sentiment as broadly optimistic, stating that it was "hard to find anyone who isn't a gold bull." However, historical data from Dimensional Fund Advisors showed gold posted positive calendar-year returns in just over half of the years since 1980, a reminder of the sector's inherent volatility.
On October 22, Ron Wortel of Zacks Small-Cap Research reaffirmed a positive outlook on Goliath Resources following updated results from the Surebet Discovery in British Columbia's Golden Triangle.
The dip followed easing geopolitical tensions ahead of a planned meeting between U.S. President Donald Trump and Chinese President Xi Jinping. Analyst Michael Maloney framed the retreat as a pause in a longer-term trend, pointing to ongoing currency debasement and mounting debt as persistent structural risks. He described gold and silver as "monetary anchors in a world adrift."
Seasonal buying also supported sentiment. Demand associated with Diwali in India provided additional strength heading into the final quarter, reinforcing gold's role as both a cultural and financial store of value.
On October 27, 2025, VON GREYERZ released a YouTube video titled The 3 Foundations of Secure Gold Ownership | Gold Sessions with Jonny Haycock, in which partner Matt Piepenburg emphasized the importance of storing physical gold outside the banking system, in private vaults, and in politically stable jurisdictions such as Switzerland and Singapore. He warned that holding gold within banks — especially in the EU — could expose investors to legal frameworks like the Bank Recovery and Resolution Directive, which allows for depositor assets to be used in bail-ins during a crisis. The discussion also highlighted broader themes of financial repression, capital controls, and the growing value of physical precious metals in a digitizing financial system.
Struthers and Lin Highlight Strong Grades and Growth Potential at Surebet
On September 9, Ron Struthers of Struthers Resource Stock Report maintained a "Hold, Buy" outlook on Goliath Resources following consistent high-grade drill results at the Surebet Zone. He pointed to hole GD-25-355, which returned 12.92 grams per tonne (g/t) gold over 5.20 meters within a broader intercept of 72 g/t over 12.20 meters, and hole GD-25-313, which intersected 10.68 g/t over 3.40 meters within 7.5 meters averaging 88 g/t. Struthers noted that 100% of completed holes had intersected quartz-sulfide mineralization, with 90% containing visible gold. He referred to the project as "a nice high-grade deposit" and suggested that a market re-rating could value such ounces at US$200 to US$300 per ounce in the ground.
On September 25, Chen Lin of the What's Chen Buying? What's Chen Selling? newsletter added, "Goliath Resources Ltd. continues to hit. . .[Surebet] will be one of the biggest, high-grade discoveries this decade."
On October 22, Ron Wortel of Zacks Small-Cap Research reaffirmed a positive outlook on Goliath Resources following updated results from the Surebet Discovery in British Columbia's Golden Triangle. Wortel described the project as "a top-tier high-grade gold system," citing consistently strong drilling outcomes and a 100% quartz-sulphide intersection rate across the 2024–2025 programs. He noted visible gold was observed in 94% of 2024 holes and 76% in 2025, with standout intervals including 132.93 grams per tonne gold equivalent over 10 meters in the Bonanza Zone and 10.6 grams per tonne gold over 22.82 meters in the calc-silicate breccia. Metallurgical testing confirmed a 92.2% gold recovery rate, including 48.8% recoverable by gravity.
Wortel highlighted that Goliath had completed over 150,000 meters of drilling to date, including more than 64,000 meters in 2025 alone. A CA$26.3 million bought deal private placement led by Stifel Canada was seen as a vote of confidence, with proceeds allocated toward qualifying exploration expenditures at Golddigger-Surebet. Zacks assigned a new fair value estimate of US$4.90 per share, up US$0.86 from its previous target, representing a 159% premium to the market price at the time of writing. Wortel concluded that Goliath's extensive land control, consistent high-grade results, and strong infrastructure access "support its transition from exploration to a high-conviction development candidate with M&A appeal."
Deepening the Discovery: Three Rock Packages and a Causative Source
The 2025 drill campaign focused on advancing the geometry of the Surebet Discovery and targeting deeper mineralized systems linked to a potential magmatic source. Updated geologic modeling, supported by the Colorado School of Mines, confirmed a syngenetic relationship between the stacked gold-bearing veins and the mineralized Eocene-aged RIRG dykes, pointing to a shared intrusive origin.
Three distinct mineralization styles have been defined: gently dipping stacked quartz-sulfide veins, mineralized RIRG dykes, and calc-silicate altered breccias, all of which contain VG and remain open for expansion. Goliath's geologic team, in collaboration with industry consultants and university partners, has integrated structural, petrological, and geochemical datasets into its 2025 targeting strategy.
The Surebet Discovery spans over 1.8 km² with more than 600 pierce points and 156,000 meters of drilling conducted since 2021. Mineralization is exposed along 2.1 kilometers of strike and 700 meters of vertical relief due to topographic advantages. Infrastructure access, including proximity to tidewater and a permitted mill site in Kitsault, strengthens logistical readiness.
Streetwise Ownership Overview*
Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE)
Metallurgical testing has shown gold recoveries of 92.2% using flotation and gravity methods at 327-micrometer crush, with 48.8% of the gold recovered through gravity alone without the use of cyanide. The broader Golddigger property now covers 91,518 hectares after a 28% land package increase, extending along 56 kilometers of the prospective Red Line structural trend.
Ownership and Share Structure1
Management and insiders own 20% of its shares on a partially diluted basis. Strategic and institutional investors collectively own 32.5%, with notable holdings including Crescat Capital LLC at 10%, Global Commodity Group (Singapore) at 5%, McEwen Inc. at 4.8%, Waratah Capital Advisors at 4.3%, Rob McEwen at 3.2%, Eric Sprott at 2% and Larry Childress at 1%.
The remaining shares are held by other institutional funds and retail investors.
Goliath has 163 million issued. Its market cap is CA$415 million with a 52-week range of CA$0.95 – CA$3.54 per share.
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- Goliath Resources is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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1. 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.
