Goliath Intersects 11.00 g/t Au Over 4.85 Meters, Drilling Maintains 100% Hit Rate, 94% Of Holes Contain Visible Gold, Assays Pending Surebet Discovery, Golddigger Property, Golden Triangle, B.C.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 28 2025
0mins
Source: Newsfilter
Drilling Progress and Results: Goliath Resources has successfully completed 34 drill holes, totaling approximately 25,000 meters, in the first month of their 2025 drilling campaign at the Surebet Discovery, with 100% of holes intersecting significant quartz-sulphide mineralization and 94% containing visible gold. Notable assay results include intervals of 3.17 g/t Au over 18.73 meters and 3.64 g/t Au over 9.40 meters.
Expansion Potential: The ongoing drilling campaign aims to expand the known mineralized zones laterally and at depth, with a total planned program of 60,000 meters. Recent findings indicate high-grade gold mineralization across three distinct rock packages, suggesting a strong potential for further discoveries and increased resource estimates at the Surebet site.
Discover Tomorrow's Bullish Stocks Today
Receive free daily stock recommendations and professional analysis to optimize your portfolio's potential.
Sign up now to unlock expert insights and stay one step ahead of the market trends.
Analyst Views on MUX
Wall Street analysts forecast MUX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MUX is 22.00 USD with a low forecast of 21.00 USD and a high forecast of 23.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 27.650
Low
21.00
Averages
22.00
High
23.50
Current: 27.650
Low
21.00
Averages
22.00
High
23.50
About MUX
McEwen Inc is a gold and silver mining production and exploration company. The Company is also involved in a copper development project. Its operations sites include San Jose Mine, Fox Complex, Gold Bar mine, El Gallo Complex, Project Fenix, Los Azules, and Fox West. The San Jose mine is located in the northwest corner of the Deseado Massif region, approximately 20 kilometers north of Newmont's Cerro Negro mine. The Fox Complex is located in the Timmins Gold Mining Camp in Northern Ontario, Canada. The Gold Bar Mine is located in the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada. The El Gallo Complex is located in Mexico’s Sinaloa State, along the foothills of the Sierra Madres Occidental mountain range. The Fox West properties are located in the heart of Timmins Gold Camp in northern Ontario, Canada. The Company also holds an interest in Tartan Lake Gold Mine Project, which is located in the province of Manitoba, Canada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
McEwen Inc. Enters Definitive Agreement to Acquire Golden Lake Exploration
- Transaction Overview: McEwen and Golden Lake signed a Definitive Agreement on January 28, 2026, to acquire all outstanding shares of Golden Lake through a plan of arrangement, which, if completed, will make Golden Lake a wholly-owned subsidiary of McEwen, further integrating its mineral resources in Nevada.
- Asset Integration Benefits: Golden Lake's Jewel Ridge project boasts historical drill results of up to 2.20 gpt gold, and the integration will leverage McEwen's infrastructure and funding to enhance the long-term operational potential of the Gold Bar Mine Complex, thereby strengthening market competitiveness.
- Shareholder Value Enhancement: Golden Lake shareholders will receive compensation equivalent to 0.003876 McEwen shares per Golden Lake share, translating to approximately CDN $0.12 per share, representing a 60% premium to the 20-day volume-weighted average price, thereby increasing liquidity and investment appeal.
- Approval Requirements: The transaction requires the approval of 66⅔% of Golden Lake shareholders at a special meeting expected in March 2026, and if successful, will provide strong support for McEwen's long-term growth strategy.
Continue Reading
McEwen Mining to Acquire Golden Lake Exploration in Strategic Deal
- Acquisition Agreement: McEwen Mining has entered into a definitive agreement to acquire all outstanding shares of Golden Lake Exploration through a court-approved plan, further expanding its asset portfolio.
- Shareholder Value Increase: Under the proposed transaction, Golden Lake shareholders will receive 0.003876 McEwen shares for each Golden Lake share, representing an implied offer price of C$0.12 per share, which is a 60% premium over the 20-day volume-weighted average price as of January 26, 2026.
- Asset Integration Advantage: Golden Lake's principal assets include its 100%-owned Jewel Ridge and Jewel Ridge West projects, located adjacent to McEwen's Windfall and Lookout Mountain discoveries, enhancing McEwen's resource consolidation capabilities in Nevada's Eureka Mining District.
- Strategic Implications: This acquisition not only incorporates Golden Lake into McEwen's business landscape but also strengthens its competitive position in the gold mining industry, particularly against the backdrop of rising gold prices, which is expected to provide robust growth momentum for the future.
Continue Reading