Goliath Successfully Completes 48,443 Meters Of Drilling in 97 Drill Holes in 94 Days, With A 100% Hit Rate And Expands Footprint Of High-Grade Surebet Gold Discovery To 2.01 Km2 That Remains Open, Golddigger Property, Golden Triangle, B.C.

Original announcement by globenewswire on

Company
Goliath Resources Limited
Ticker
GOT
Exchange
Unavailable
Region
Golden Triangle, British Columbia
Primary commodity
Gold
Secondary commodities
Silver, Copper, Lead, Zinc
Document categories
Metallurgy, Drill results
Extracted
2026-09-22 10:37:21 UTC

Analysis by Minestarters Atlas

Minestarters Atlas analysis

Summary

Goliath Resources has completed a 48,443-meter drill program at the Surebet discovery, expanding the mineralized footprint to 2.01 km² and identifying the new Big Bulk Zone. The program maintained a 100% hit rate with abundant visible gold, though assays for 83 holes are still pending.

Reasoning: The announcement details a highly successful drill program that expanded the footprint of a high-grade gold discovery, identified new zones, and confirmed strong metallurgical potential, though a significant portion of the recent drilling awaits assay results.

Positive factors

  • Significant expansion of mineralized footprint (Bonanza and Golden Gate zones)
  • High-grade intercepts with visible gold (VG-NE)
  • Strong metallurgical recovery results (92.2% Au)
  • Discovery of new Big Bulk Zone
  • 100% hit rate for the 2026 program

Negative factors

  • 83 holes from the 2026 program are still pending assays

Facts used in scoring: 10

Classification and evidence

Step-Out Extensionpositive

Mineralization extended beyond the previously known limit.

Why it applies: 2026 drilling successfully expanded Bonanza and Golden Gate zones via multiple step-out holes.

Evidence · text

“intersected mineralization in multiple step-out drill holes, resulting in the expansion of the Bonanza Zone”

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: Release details QA/QC protocols including CRM, blanks, duplicates, and MSALABS accreditation.

Evidence · text

“MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017.”

Bonanza Interceptpositive

Exceptionally high-grade zone, well above the deposit-type norm.

Why it applies: Multiple intercepts exceed high-grade thresholds for gold (e.g., 34.52 g/t AuEq).

Evidence · table

“34.52”

Context: 39

High Recoverypositive

Recovery at or above the exceptional band for the commodity and processing route.

Why it applies: Gold recovery of 92.2% is in the exceptional band for mill/flotation routes.

Evidence · text

“metal recoveries of 92.2% for Au”

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: the document describes a flotation route ("flotation")

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: the document describes a gravity route ("gravity")

Single Domain Onlynegative

Testing limited to one composite or domain — representativeness not established.

Why it applies: only one composite was tested

Extracted facts

Stored fact records: 10. Some facts used in scoring do not have a stored record.

Drill Results (4)

GD-23-157Surebet · goldGrade: 18.95Grade Unit: g/tIntercept: 23 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
GD-23-157
Project
Surebet
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
GOT

Geometry

Grade
18.95
Grade Unit
g/t
Intercept
23 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
21.08
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2023-08-15T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Historical best hole for the sedimentary unit.

Positive factors

  • High grade intercept

Evidence · text

“GD-23-157 that assayed 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 meters”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Based on positive grassroots exploration and drill results in recent years, Goliath now controls 91,518 hectares (226,14"

GD-24-260Surebet · goldGrade: 34.47Grade Unit: g/tIntercept: 39 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
GD-24-260
Project
Surebet
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
GOT

Geometry

Grade
34.47
Grade Unit
g/t
Intercept
39 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
34.52
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2025-01-13T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Best hole for the volcanic units.

Positive factors

  • Exceptional grade and width

Evidence · text

“GD-24-260 from the Golden Gate Zone that assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Based on positive grassroots exploration and drill results in recent years, Goliath now controls 91,518 hectares (226,14"

GD-24-291Surebet · goldGrade: 1.92Grade Unit: g/tIntercept: 33 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
GD-24-291
Project
Surebet
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
GOT

Geometry

Grade
1.92
Grade Unit
g/t
Intercept
33 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
1.97
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes
Historical Source Date
2026-08-31T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Best hole for the new Big Bulk Zone.

Positive factors

  • Identifies new Big Bulk Zone

Negative factors

  • Low grade

Evidence · text

“GD-24-291 that assayed 1.97 g/t AuEq (1.92 Au and 1.85 Ag) over 33 meters”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Based on positive grassroots exploration and drill results in recent years, Goliath now controls 91,518 hectares (226,14"

GD-22-58Surebet · goldGrade: 11.84Grade Unit: g/tIntercept: 10 mHistorical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Hole ID
GD-22-58
Project
Surebet
Commodity
gold
Region
canada_bc
Reported Region
canada_bc
Ticker
GOT

Geometry

Grade
11.84
Grade Unit
g/t
Intercept
10 m

Classification

Sample Type
drill

Location

Location
Central Zone
Loc. Source
document

QA/QC

QA/QC Disclosed
Yes
QP Signed
Yes
QA/QC Methods
standards, blanks, duplicates

Metal Equivalent

Metal Eq. Grade
12.03
Metal Eq. Unit
g/t AuEq
Assumptions Disclosed
No

Review

Needs Review
Yes
Review Reason
historical_restatement
Interp. Status
scored
Historical
Yes

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Best hole for the Eocene-aged dykes.

Positive factors

  • High grade

Evidence · text

“GD-22-58 that assayed 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters”

Tags used in scoring

QA/QC Disclosedpositive

Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).

Why it applies: qaqc_disclosed is true

Cut-off Undisclosednegative

High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff_grade was stated

Metal Equivalent Opaquenegative

Metal equivalent grade reported without disclosing the price, recovery, or payability assumptions used. Requires an actual metal equivalent grade; a combined elemental basket such as PGE is not a metal equivalent.

Why it applies: an equivalent grade is reported without its assumptions

Nearology Playneutral

Value premise rests on proximity to a known deposit rather than own results.

Why it applies: proximity is offered as the value premise: "Based on positive grassroots exploration and drill results in recent years, Goliath now controls 91,518 hectares (226,14"

Metallurgical Results (6)

metallurgical testingSurebet · goldRecovery: 92.2 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Surebet
Commodity
gold
Region
canada_bc
Reported Region
Golden Triangle, British Columbia
Ticker
GOT

Test Work

Program Status
detailed
Test Type
metallurgical testing
Processing Route
gravity and flotation
Sample
composite core sample

Recovery

Recovery
92.2 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-03-01T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Explicit source circuit recovery awaiting assessment.

Evidence · text

“Metallurgical testing conducted on a composite core sample resulted in metal recoveries of 92.2% for Au, 86.5% for Ag, 94.2% for Pb and 96.9% for Zn achieved through a combination of simple gravity and flotation circuits. The gravity-only recoveries amount to 48.8% Au and 10.3% Ag with a crush size of 327 micrometer (no cyanide leaching required to recover the gold and silver). The metallurgical testing completed to date shows a benign rock composition without deleterious elements (see news release March 1, 2023). The best hole drilled to date from the gold-rich stacked quartz-sulphide breccias and stockwork veins hosted in the sedimentary units is GD-23-157 that assayed 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 meters, including 33.75 g/t AuEq (30.39 g/t Au and 150.42 g/t Ag) over 14.00 meters, including 50.27 g/t AuEq (45.27 g/t Au and 225.42 g/t Ag) over 9.00 meters (see news release dated August 15, 2023). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below. The best hole drilled to date from the precious and base metals bearing veins hosted in the volcanic units is GD-24-260 from the Golden Gate Zone that assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 meters (see news release dated January 13, 2025). More details on the QA/QC protocol can be found in the section titled “QA/Q”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

metallurgical testingSurebet · silverRecovery: 86.5 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Surebet
Commodity
silver
Region
canada_bc
Reported Region
Golden Triangle, British Columbia
Ticker
GOT

Test Work

Program Status
detailed
Test Type
metallurgical testing
Processing Route
gravity and flotation
Sample
composite core sample

Recovery

Recovery
86.5 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-03-01T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Explicit source circuit recovery awaiting assessment.

Evidence · text

“Metallurgical testing conducted on a composite core sample resulted in metal recoveries of 92.2% for Au, 86.5% for Ag, 94.2% for Pb and 96.9% for Zn achieved through a combination of simple gravity and flotation circuits. The gravity-only recoveries amount to 48.8% Au and 10.3% Ag with a crush size of 327 micrometer (no cyanide leaching required to recover the gold and silver). The metallurgical testing completed to date shows a benign rock composition without deleterious elements (see news release March 1, 2023). The best hole drilled to date from the gold-rich stacked quartz-sulphide breccias and stockwork veins hosted in the sedimentary units is GD-23-157 that assayed 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 meters, including 33.75 g/t AuEq (30.39 g/t Au and 150.42 g/t Ag) over 14.00 meters, including 50.27 g/t AuEq (45.27 g/t Au and 225.42 g/t Ag) over 9.00 meters (see news release dated August 15, 2023). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below. The best hole drilled to date from the precious and base metals bearing veins hosted in the volcanic units is GD-24-260 from the Golden Gate Zone that assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 meters (see news release dated January 13, 2025). More details on the QA/QC protocol can be found in the section titled “QA/Q”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

metallurgical testingSurebet · leadRecovery: 94.2 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Surebet
Commodity
lead
Region
canada_bc
Reported Region
Golden Triangle, British Columbia
Ticker
GOT

Test Work

Program Status
detailed
Test Type
metallurgical testing
Processing Route
gravity and flotation
Sample
composite core sample

Recovery

Recovery
94.2 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-03-01T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Explicit source circuit recovery awaiting assessment.

Evidence · text

“Metallurgical testing conducted on a composite core sample resulted in metal recoveries of 92.2% for Au, 86.5% for Ag, 94.2% for Pb and 96.9% for Zn achieved through a combination of simple gravity and flotation circuits. The gravity-only recoveries amount to 48.8% Au and 10.3% Ag with a crush size of 327 micrometer (no cyanide leaching required to recover the gold and silver). The metallurgical testing completed to date shows a benign rock composition without deleterious elements (see news release March 1, 2023). The best hole drilled to date from the gold-rich stacked quartz-sulphide breccias and stockwork veins hosted in the sedimentary units is GD-23-157 that assayed 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 meters, including 33.75 g/t AuEq (30.39 g/t Au and 150.42 g/t Ag) over 14.00 meters, including 50.27 g/t AuEq (45.27 g/t Au and 225.42 g/t Ag) over 9.00 meters (see news release dated August 15, 2023). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below. The best hole drilled to date from the precious and base metals bearing veins hosted in the volcanic units is GD-24-260 from the Golden Gate Zone that assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 meters (see news release dated January 13, 2025). More details on the QA/QC protocol can be found in the section titled “QA/Q”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

metallurgical testingSurebet · zincRecovery: 96.9 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Surebet
Commodity
zinc
Region
canada_bc
Reported Region
Golden Triangle, British Columbia
Ticker
GOT

Test Work

Program Status
detailed
Test Type
metallurgical testing
Processing Route
gravity and flotation
Sample
composite core sample

Recovery

Recovery
96.9 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-03-01T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Explicit source circuit recovery awaiting assessment.

Evidence · text

“Metallurgical testing conducted on a composite core sample resulted in metal recoveries of 92.2% for Au, 86.5% for Ag, 94.2% for Pb and 96.9% for Zn achieved through a combination of simple gravity and flotation circuits. The gravity-only recoveries amount to 48.8% Au and 10.3% Ag with a crush size of 327 micrometer (no cyanide leaching required to recover the gold and silver). The metallurgical testing completed to date shows a benign rock composition without deleterious elements (see news release March 1, 2023). The best hole drilled to date from the gold-rich stacked quartz-sulphide breccias and stockwork veins hosted in the sedimentary units is GD-23-157 that assayed 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 meters, including 33.75 g/t AuEq (30.39 g/t Au and 150.42 g/t Ag) over 14.00 meters, including 50.27 g/t AuEq (45.27 g/t Au and 225.42 g/t Ag) over 9.00 meters (see news release dated August 15, 2023). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below. The best hole drilled to date from the precious and base metals bearing veins hosted in the volcanic units is GD-24-260 from the Golden Gate Zone that assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 meters (see news release dated January 13, 2025). More details on the QA/QC protocol can be found in the section titled “QA/Q”

Tags used in scoring

Mill Routeneutral

Processing via mill or concentrator (CIL, CIP, tank leach, flotation).

Why it applies: processing_route matches the flotation signal

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

gravitySurebet · goldRecovery: 48.8 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Surebet
Commodity
gold
Region
canada_bc
Reported Region
Golden Triangle, British Columbia
Ticker
GOT

Test Work

Test Type
gravity
Processing Route
gravity
Sample
composite core sample

Recovery

Recovery
48.8 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-03-01T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Explicit source circuit recovery awaiting assessment.

Evidence · text

“Metallurgical testing conducted on a composite core sample resulted in metal recoveries of 92.2% for Au, 86.5% for Ag, 94.2% for Pb and 96.9% for Zn achieved through a combination of simple gravity and flotation circuits. The gravity-only recoveries amount to 48.8% Au and 10.3% Ag with a crush size of 327 micrometer (no cyanide leaching required to recover the gold and silver). The metallurgical testing completed to date shows a benign rock composition without deleterious elements (see news release March 1, 2023). The best hole drilled to date from the gold-rich stacked quartz-sulphide breccias and stockwork veins hosted in the sedimentary units is GD-23-157 that assayed 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 meters, including 33.75 g/t AuEq (30.39 g/t Au and 150.42 g/t Ag) over 14.00 meters, including 50.27 g/t AuEq (45.27 g/t Au and 225.42 g/t Ag) over 9.00 meters (see news release dated August 15, 2023). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below. The best hole drilled to date from the precious and base metals bearing veins hosted in the volcanic units is GD-24-260 from the Golden Gate Zone that assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 meters (see news release dated January 13, 2025). More details on the QA/QC protocol can be found in the section titled “QA/Q”

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 48.8% is below the weak band (80%)

gravitySurebet · silverRecovery: 10.3 %Historical resultNeeds review: historical_restatementView all details
Link to this fact

Identity

Project
Surebet
Commodity
silver
Region
canada_bc
Reported Region
Golden Triangle, British Columbia
Ticker
GOT

Test Work

Test Type
gravity
Processing Route
gravity
Sample
composite core sample

Recovery

Recovery
10.3 %
Recovery Basis
actual_test

Review

Needs Review
Yes
Review Reason
historical_restatement
Historical
Yes
Historical Source Date
2023-03-01T00:00:00.000Z

Dates

Event date
2026-09-22T00:00:00.000Z

Reasoning: Explicit source circuit recovery awaiting assessment.

Evidence · text

“Metallurgical testing conducted on a composite core sample resulted in metal recoveries of 92.2% for Au, 86.5% for Ag, 94.2% for Pb and 96.9% for Zn achieved through a combination of simple gravity and flotation circuits. The gravity-only recoveries amount to 48.8% Au and 10.3% Ag with a crush size of 327 micrometer (no cyanide leaching required to recover the gold and silver). The metallurgical testing completed to date shows a benign rock composition without deleterious elements (see news release March 1, 2023). The best hole drilled to date from the gold-rich stacked quartz-sulphide breccias and stockwork veins hosted in the sedimentary units is GD-23-157 that assayed 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 meters, including 33.75 g/t AuEq (30.39 g/t Au and 150.42 g/t Ag) over 14.00 meters, including 50.27 g/t AuEq (45.27 g/t Au and 225.42 g/t Ag) over 9.00 meters (see news release dated August 15, 2023). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below. The best hole drilled to date from the precious and base metals bearing veins hosted in the volcanic units is GD-24-260 from the Golden Gate Zone that assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 meters (see news release dated January 13, 2025). More details on the QA/QC protocol can be found in the section titled “QA/Q”

Tags used in scoring

Gravity Routeneutral

Gravity separation forms a material part of the flowsheet.

Why it applies: processing_route matches the gravity signal

Low Recoverynegative

Recovery below the weak band for the commodity and processing route.

Why it applies: 10.3% is below the weak band (75%)

How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.