Goliath Resources Announces High-Grade Gold Discovery at Surebet, Benefiting McEwen Mining Inc.

Goliath Resources Limited, in which McEwen Mining Inc. holds a strategic investment, has reported a major high-grade gold discovery at the Bonanza Zone on its Golddigger Property in British Columbia’s Golden Triangle. The discovery, marked by drill hole GD-24-280 returning 8.31 g/t Au over 23 meters, including higher-grade intervals, signifies a significant advancement in the exploration of the Surebet zone. This discovery is part of a newly identified rock package, adding a third distinct mineralized zone to the project alongside previously known gold veins and high-grade RIRG dykes.

The ongoing 60,000-meter drill program aims to expand the Surebet Discovery both laterally and at depth, with a particular focus on targeting a deep-seated magmatic gold source, referred to as the ‘Motherlode.’ With 60 out of 64 holes drilled in 2024 showing visible gold, the project’s potential for further discoveries and expansion is evident. McEwen Mining’s equity interest in Goliath Resources positions it to benefit from the project’s growing discovery potential and the subsequent increase in value.

This development is crucial for McEwen Mining Inc., as it aligns with the company’s strategy to enhance the productivity and lifespan of its assets, aiming to increase shareholder value. The discovery at Surebet not only underscores the Golden Triangle’s reputation as a prolific mining district but also highlights the potential for significant returns on investment for McEwen Mining and its stakeholders. For more details on the discovery, visit https://ibn.fm/YocsI.

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