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This Gold Discovery Just Keeps Getting Bigger | Roger Rosmus - Goliath Resources

The Deep Dive Sep 22, 2026 9:26

Summary

Goliath drilled nearly 50,000 metres at Surebet in BC's Golden Triangle, keeping a 100% hit rate with 83 assays still pending.

CEO Roger Rosmus argues the new Big Bulk Zone — long low-grade intercepts wrapping the high-grade Bonanza and Golden Gate veins — widens bulk-tonnage potential.

The maiden Mineral Resource Estimate has been pushed to 2030 after Goliath renegotiated the underlying property NSR royalty from 3% to 2%.

Initial metallurgy shows 92.3% gold recovery via gravity alone, with no cyanide required; 2027 adds infill plus step-outs on an open system.

Steve Hyland's takeaways

  • Top takeaway Frames the discussion around Mark Carney's investment-summit goal of attracting a trillion dollars in Canadian investment and acknowledges Goliath Resources' sponsorship of the week's Beaver Creek coverage.
  • Presses the investor-relevant questions on MRE timing, how the new bulk / wedge-zone material changes the modeling, metallurgy results, and the balance between infill and further step-outs in the 2027 program.

Roger Rosmas's takeaways

  • Top takeaway Presents the 'wedge zone' / bulk-tonnage discovery between the Bonanza and Golden Gate contacts as the key 2026 takeaway, arguing these long lower-grade intercepts could justify low-cost bulk mining and add another 300-400m of potential strike across the mountain.
  • Frames the 2026 program as a successful execution story — roughly 50,000 metres in about 90 days despite snow delays, step-outs up to 750m hitting mineralization, an 85% visible-gold rate since 2021, and about 83 assays from 97 holes still pending as news flow into the new year.
  • Announces that Goliath renegotiated the option with the private syndicate to drop the NSR from 3% to 2% and push the first MRE deadline to 2030, presenting this as added optionality rather than a delay.
  • Argues the system 'remains wide open' with step-outs to the southwest, northeast and east, and points to the Jackpot showing (over 20 ounces) about a kilometer to the east-southeast as a target for 2027 follow-up drilling.
  • Highlights initial metallurgy of 92.3% recovery at a 327-micron crush with roughly 50% gravity-recoverable free gold (no cyanide, no deleterious material) and expects even better recoveries from the deeper Bonanza and Golden Gate zones based on coarser-grained gold observed there.