Goliath Resources Launches 2026 Drill Program at Surebet Discovery
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 48 minutes ago
0mins
Source: Globenewswire
- Drill Program Scale: Goliath Resources has initiated its 2026 drill program, which will encompass approximately 50,000 meters of systematic drilling aimed at expanding known mineralization at the Surebet discovery and testing the potential location of the Motherlode source, thereby laying the groundwork for future gold mining development.
- Expansion Potential: Drilling in the Bonanza and Golden Gate zones will extend to the East, Northeast, and Southwest, while the Surebet zone will expand to the West, with all mineralized lodes remaining open, indicating strong potential for new gold discoveries in the area.
- Significant Gold Discovery: To date, all drill holes at the Surebet discovery have successfully intersected gold mineralization, with 92% of holes containing visible gold (VG-NE), underscoring the remarkable continuity and richness of the mineralization system, which could represent one of the most significant gold discoveries in British Columbia in recent years.
- Updated Geological Model: The updated geological model identifies five primary mineralized zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, all demonstrating strong gold mineralization potential, further validating Goliath Resources' strategic value in the region.
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Analyst Views on MUX
Wall Street analysts forecast MUX stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 21.140
Low
21.00
Averages
22.00
High
23.50
Current: 21.140
Low
21.00
Averages
22.00
High
23.50
About MUX
McEwen Inc. is a gold and silver mining production and exploration company. It is involved in a copper development project. Its operations sites include San Jose Mine, Fox Complex, Gold Bar mine, El Gallo Complex, Project Fenix, and Los Azules. The San Jose mine is in the northwest corner of the Deseado Massif region, over 20 kilometers north of Newmont's Cerro Negro mine. The Fox Complex is in the Timmins Gold Mining Camp in Northern Ontario, Canada. The Gold Bar Mine is in the southern Roberts Mountains of the Battle Mountain-Eureka-Cortez gold trend in Eureka County, Central Nevada. The El Gallo Complex is in Mexico’s Sinaloa State, along the foothills of the Sierra Madres Occidental mountain range. Fox West properties are in the heart of Timmins Gold Camp in northern Ontario, Canada. It holds an interest in Tartan Lake Gold Mine Project, which is in the province of Manitoba, Canada. It also holds Jewel Ridge and Jewel Ridge West projects and Lookout Mountain discoveries.
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.
Goliath Resources Launches 2026 Drilling Program at Surebet Discovery
- Drilling Program Scale: Goliath Resources has initiated its 2026 drilling program, which will encompass approximately 50,000 meters of systematic drilling aimed at expanding known mineralization at the Surebet discovery and testing the potential location of the Motherlode source, thereby laying the groundwork for future gold mining development.
- Expansion Potential: The expansion drilling will focus on extending the Bonanza and Golden Gate Zones to the East, Northeast, and Southwest, while also expanding the Surebet Zone to the West, with all mineralized lodes remaining open, indicating significant resource potential.
- Continuity of Gold Discovery: To date, every drill hole at the Surebet discovery has successfully intersected gold mineralization, with visible gold found in 92% of the holes, underscoring the remarkable continuity and richness of the mineralization system, which could represent one of the most significant gold discoveries in British Columbia.
- Strategic Investment and Infrastructure: Goliath Resources controls 91,518 hectares of land at its Golddigger Property, located near infrastructure and tidewater access, providing excellent transportation conditions that are expected to attract further investment and drive future mining development.
See More
Goliath Resources Launches 2026 Drill Program at Surebet Discovery
- Drill Program Scale: Goliath Resources has initiated its 2026 drill program, which will encompass approximately 50,000 meters of systematic drilling aimed at expanding known mineralization at the Surebet discovery and testing the potential location of the Motherlode source, thereby laying the groundwork for future gold mining development.
- Expansion Potential: Drilling in the Bonanza and Golden Gate zones will extend to the East, Northeast, and Southwest, while the Surebet zone will expand to the West, with all mineralized lodes remaining open, indicating strong potential for new gold discoveries in the area.
- Significant Gold Discovery: To date, all drill holes at the Surebet discovery have successfully intersected gold mineralization, with 92% of holes containing visible gold (VG-NE), underscoring the remarkable continuity and richness of the mineralization system, which could represent one of the most significant gold discoveries in British Columbia in recent years.
- Updated Geological Model: The updated geological model identifies five primary mineralized zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, all demonstrating strong gold mineralization potential, further validating Goliath Resources' strategic value in the region.
See More
U.S. Equities Semi-Annual Rebalancing Begins
- New Additions: FTSE Russell's preliminary list indicates that McEwen Inc., Alto Ingredients, Ur-Energy, Hycroft Mining, and Aura Minerals will be added to the Russell 3000 Index, which is expected to enhance these companies' market visibility and liquidity.
- Market Adjustment: This rebalancing will take effect after the close of U.S. equity markets on June 26, signaling a reassessment of materials stocks that may influence investors' asset allocation strategies.
- Companies Removed: American Vanguard, Ascent Industries, and Solesence will be removed from the Russell 3000 Index, which could pressure their stock prices and diminish their appeal among investors.
- Expected Market Reaction: With the addition of new stocks and the removal of others, market volatility may ensue, prompting investors to monitor how these changes affect overall market sentiment and individual stock performance.
See More
McEwen Inc. Announces $49.4 Million Dividend from San José Mine
- Dividend Increase: McEwen Inc. received a $49.4 million dividend from the San José Mine, bringing total dividends for 2026 to $58.2 million, exceeding the original expectation of $40–$50 million, indicating strong cash flow growth that enhances shareholder value.
- Production Goals: The attributable production from the San José Mine is expected to be between 59,000 and 64,000 GEO in 2026, with plans to double annual production to 250,000–300,000 GEO by 2030, demonstrating the company's ambition to expand its production capacity.
- Improved Financial Position: As of March 31, 2026, McEwen held $56.5 million in cash and cash equivalents, $13.5 million in marketable securities, and $457 million in investments, reflecting a continued improvement in the company's financial health, providing funding security for future expansions.
- New Mine Project Progress: Initial production at the Stock Mine is expected in the second half of 2026, the Grey Fox Pre-Feasibility Study is nearing completion, and engineering work at El Gallo is progressing well, with mid-2027 production targeted, all of which will provide crucial support for the company's future growth.
See More
NevGold's Strategic Breakthrough in Critical Minerals Sector
- Successful Financing: On April 20, 2026, NevGold upsized its previously announced C$25 million financing to C$42.2 million, issuing 22,223,946 shares at C$1.90 each, reflecting strong market demand for its projects, with completion expected around May 12, 2026.
- High-Grade Antimony Intercept: Drill results from Resurrection Ridge in Nevada revealed 1.93 g/t gold equivalent over 100.6 meters, including 1.11% antimony, indicating NevGold's project has high-grade potential in North America, aligning with U.S. defense needs.
- Innovative Metal Recovery: Phase II metallurgical tests showed gold recovery rates up to 99% after antimony extraction, with antimony extraction rates ranging from 54% to 92%, demonstrating the efficiency and economic viability of its process to recover both metals simultaneously.
- Strategic Importance: With U.S. demand for antimony at 30,000 to 40,000 tonnes annually and domestic production below 1,000 tonnes, NevGold's project provides a critical supply of antimony metal for the U.S. defense industry, highlighting its strategic significance.
See More
NevGold's Strategic Breakthrough in Critical Minerals Sector
- Successful Financing: On April 20, 2026, NevGold upsized its previously announced C$25 million financing to C$42.2 million, issuing 22,223,946 shares at C$1.90 each, reflecting strong market demand and institutional investor confidence.
- High-Grade Intercepts: Drill results from Resurrection Ridge in Nevada revealed a gold equivalent of 1.93 g/t, including 1.11% antimony over 100.6 meters, significantly enhancing NevGold's strategic position in the U.S. critical minerals market.
- Innovative Recovery Rates: Phase II metallurgical tests showed antimony extraction rates between 54% and 92%, with gold recoveries reaching 99%, establishing a highly efficient extraction process that will support the company's future metal production.
- Resource Assessment Catalyst: NevGold plans to release its first NI 43-101 Mineral Resource Estimate in Q2 2026, marking the first quantification of its antimony-gold resource under modern standards, which is expected to attract increased investor interest.
See More
Goliath Resources Launches 2026 Drilling Program at Surebet Discovery
- Drilling Program Scale: Goliath Resources has initiated its 2026 drilling program, which will encompass approximately 50,000 meters of systematic drilling aimed at expanding known mineralization at the Surebet discovery and testing the potential location of the Motherlode source, thereby laying the groundwork for future gold mining development.
- Expansion Potential: The expansion drilling will focus on extending the Bonanza and Golden Gate Zones to the East, Northeast, and Southwest, while also expanding the Surebet Zone to the West, with all mineralized lodes remaining open, indicating significant resource potential.
- Continuity of Gold Discovery: To date, every drill hole at the Surebet discovery has successfully intersected gold mineralization, with visible gold found in 92% of the holes, underscoring the remarkable continuity and richness of the mineralization system, which could represent one of the most significant gold discoveries in British Columbia.
- Strategic Investment and Infrastructure: Goliath Resources controls 91,518 hectares of land at its Golddigger Property, located near infrastructure and tidewater access, providing excellent transportation conditions that are expected to attract further investment and drive future mining development.
See More
Goliath Resources Launches 2026 Drill Program at Surebet Discovery
- Drill Program Scale: Goliath Resources has initiated its 2026 drill program, which will encompass approximately 50,000 meters of systematic drilling aimed at expanding known mineralization at the Surebet discovery and testing the potential location of the Motherlode source, thereby laying the groundwork for future gold mining development.
- Expansion Potential: Drilling in the Bonanza and Golden Gate zones will extend to the East, Northeast, and Southwest, while the Surebet zone will expand to the West, with all mineralized lodes remaining open, indicating strong potential for new gold discoveries in the area.
- Significant Gold Discovery: To date, all drill holes at the Surebet discovery have successfully intersected gold mineralization, with 92% of holes containing visible gold (VG-NE), underscoring the remarkable continuity and richness of the mineralization system, which could represent one of the most significant gold discoveries in British Columbia in recent years.
- Updated Geological Model: The updated geological model identifies five primary mineralized zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado, all demonstrating strong gold mineralization potential, further validating Goliath Resources' strategic value in the region.
See More
U.S. Equities Semi-Annual Rebalancing Begins
- New Additions: FTSE Russell's preliminary list indicates that McEwen Inc., Alto Ingredients, Ur-Energy, Hycroft Mining, and Aura Minerals will be added to the Russell 3000 Index, which is expected to enhance these companies' market visibility and liquidity.
- Market Adjustment: This rebalancing will take effect after the close of U.S. equity markets on June 26, signaling a reassessment of materials stocks that may influence investors' asset allocation strategies.
- Companies Removed: American Vanguard, Ascent Industries, and Solesence will be removed from the Russell 3000 Index, which could pressure their stock prices and diminish their appeal among investors.
- Expected Market Reaction: With the addition of new stocks and the removal of others, market volatility may ensue, prompting investors to monitor how these changes affect overall market sentiment and individual stock performance.
See More
McEwen Inc. Announces $49.4 Million Dividend from San José Mine
- Dividend Increase: McEwen Inc. received a $49.4 million dividend from the San José Mine, bringing total dividends for 2026 to $58.2 million, exceeding the original expectation of $40–$50 million, indicating strong cash flow growth that enhances shareholder value.
- Production Goals: The attributable production from the San José Mine is expected to be between 59,000 and 64,000 GEO in 2026, with plans to double annual production to 250,000–300,000 GEO by 2030, demonstrating the company's ambition to expand its production capacity.
- Improved Financial Position: As of March 31, 2026, McEwen held $56.5 million in cash and cash equivalents, $13.5 million in marketable securities, and $457 million in investments, reflecting a continued improvement in the company's financial health, providing funding security for future expansions.
- New Mine Project Progress: Initial production at the Stock Mine is expected in the second half of 2026, the Grey Fox Pre-Feasibility Study is nearing completion, and engineering work at El Gallo is progressing well, with mid-2027 production targeted, all of which will provide crucial support for the company's future growth.
See More
NevGold's Strategic Breakthrough in Critical Minerals Sector
- Successful Financing: On April 20, 2026, NevGold upsized its previously announced C$25 million financing to C$42.2 million, issuing 22,223,946 shares at C$1.90 each, reflecting strong market demand for its projects, with completion expected around May 12, 2026.
- High-Grade Antimony Intercept: Drill results from Resurrection Ridge in Nevada revealed 1.93 g/t gold equivalent over 100.6 meters, including 1.11% antimony, indicating NevGold's project has high-grade potential in North America, aligning with U.S. defense needs.
- Innovative Metal Recovery: Phase II metallurgical tests showed gold recovery rates up to 99% after antimony extraction, with antimony extraction rates ranging from 54% to 92%, demonstrating the efficiency and economic viability of its process to recover both metals simultaneously.
- Strategic Importance: With U.S. demand for antimony at 30,000 to 40,000 tonnes annually and domestic production below 1,000 tonnes, NevGold's project provides a critical supply of antimony metal for the U.S. defense industry, highlighting its strategic significance.
See More
NevGold's Strategic Breakthrough in Critical Minerals Sector
- Successful Financing: On April 20, 2026, NevGold upsized its previously announced C$25 million financing to C$42.2 million, issuing 22,223,946 shares at C$1.90 each, reflecting strong market demand and institutional investor confidence.
- High-Grade Intercepts: Drill results from Resurrection Ridge in Nevada revealed a gold equivalent of 1.93 g/t, including 1.11% antimony over 100.6 meters, significantly enhancing NevGold's strategic position in the U.S. critical minerals market.
- Innovative Recovery Rates: Phase II metallurgical tests showed antimony extraction rates between 54% and 92%, with gold recoveries reaching 99%, establishing a highly efficient extraction process that will support the company's future metal production.
- Resource Assessment Catalyst: NevGold plans to release its first NI 43-101 Mineral Resource Estimate in Q2 2026, marking the first quantification of its antimony-gold resource under modern standards, which is expected to attract increased investor interest.
See More
