Goliath's Surebet Discovery Expands 38% at Golden Gate, 19% at Bonanza
MUX sits 94% above its 52-week low of $10.65.
Summary
Goliath Resources, in which McEwen Inc. holds a strategic stake, reported significant expansion of its Surebet gold discovery in British Columbia's Golden Triangle. The Golden Gate Zone grew 38% to 1.17 km² and the Bonanza Zone grew 19% to 1.51 km², with both zones remaining open for expansion. Drilling continues with 59 of 98 planned holes completed and 34,990 meters drilled in 2026. The results reinforce the project's scale and continuity, with high-grade intercepts including 34.52 g/t AuEq over 39 meters. This follows McEwen's strong Q2 earnings and inclusion in the Russell 2000, adding to positive momentum. Assays are pending for many holes, and the fully funded 50,000-meter program is designed to further expand the discovery.
At the time of this announcement, MUX was trading at $20.68 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $10.65 to $29.70. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.