By Ronald Wortel, MBA, P. Eng.
READ THE FULL GOTRF RESEARCH REPORT
Early results from 2025 drilling showing visible gold in core, and indication of successes expected
Goliath Resources (OTC:GOTRF) provides investors with exposure to high-grade gold + silver resource exploration, as well as leverage to an increasing in-ground inventory with discovery upside, during a gold price market that reached new all-time highs. The downside is limited by the expected significant positive news flow ongoing in 2025. The Golden Triangle in BC remains an area of market and government support.
The Company announced that the 2025 planned drill campaign is a systematic plan designed to outline in detail the full geometry and extent of this discovery. laterally and to depth. 100% of the drilling will be focused on the Surebet prospect on their Golddigger Project. Five drill rigs are currently turning, and the remaining four rigs will be arriving onsite soon for a total of nine rigs. Since our last update, the Company raised more than C$40 million at premiums to fund and expand the 2025 drill program. The Company recently announced an increase in the size of the 2025 program from 40,000 m to 60,000 m based on the strong financial position and new targets to test.
Early visual results from the program are already very encouraging as shown by the visible gold in the pictures below from the first results released by the Company. The main targets of the 2025 drill program are expanding the outline of the known gold-bearing shears, testing the deep intrusive for potential resource grade mineralization, and in-fill on the higher-grade parts of the Surebet and Bonanza shears to allow for preliminary estimates of a mineralization inventory. The Company hopes to outline a zone of mineralization that could support the economics for future mine development on the project.
Our updated valuation based on the increased drilling, its success, increased gold price and increased shares outstanding. Our new fair market value for the stock is given as US$4.04 based on this analysis, a change of US$0.50 from our last report based on these factors. This valuation represents a 135% premium on the current market price of US$ 1.72.
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