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Goliath Resources Doubles Bonanza Zone Extent in 2025 Drilling Campaign

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Goliath Resources Doubles Bonanza Zone Extent in 2025 Drilling Campaign

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An update from Goliath Resources ( (TSE:GOT) ) is now available.

Goliath Resources has announced significant progress in its 2025 drilling campaign at the Golddigger Property, with the Bonanza Zone’s known extent more than doubling to over 1.1 km. The company has maintained a 100% hit rate in drilling, with 94% of holes containing visible gold, indicating strong potential for resource expansion. This development is part of a larger 60,000-meter drilling program aimed at expanding the Surebet Discovery, which remains open for further exploration. The discovery of high-grade gold in multiple rock packages suggests a substantial magmatic source at depth, enhancing the property’s value and potential impact on stakeholders.

Spark’s Take on TSE:GOT Stock

According to Spark, TipRanks’ AI Analyst, TSE:GOT is a Underperform.

Goliath Resources’ stock is primarily challenged by its lack of revenue and reliance on external financing, which significantly impacts its financial performance score. The technical analysis provides a mixed outlook with some short-term positive momentum but overall bearish indicators. The valuation remains speculative, with a negative P/E indicating high risk. Corporate events, though positive, are not enough to counterbalance the financial weaknesses at this stage.

To see Spark’s full report on TSE:GOT stock, click here.

More about Goliath Resources

Goliath Resources operates in the mining industry, focusing on the exploration and development of gold properties. The company is actively engaged in expanding its gold discoveries within the Golddigger Property located in the Golden Triangle of British Columbia.

YTD Price Performance: 111.95%

Average Trading Volume: 280,099

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$388.9M

For an in-depth examination of GOT stock, go to TipRanks’ Overview page.

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