The Newgold showing is located in a cirque bowl, 8 kilometres east from the head of Hastings Arm, Observatory Inlet, 40 kilometres southeast of Stewart, B.C.
The orogenic class of gold deposit is defined here as syn-tectonic quartz-carbonate veins and wall rock replacement associated with regional-scale faults. Orogenic ores form at convergent plate margins in accretionary and collisional orogens. Orebodies are surrounded by carbonate-sericite-pyrite alteration. Au, Ag, Sb and As are enriched in the ore fluids. W, B, Te, Se and Bi may also be enriched in the ores.
The New Gold Zone occurs on the east part of the Golddigger Property near a gossanous contact between Hazelton volcanics and granite of the Coast Plutonic Complex. This Zone has significant gold and silver values occurring in outcrop over a distance of nearly 0.5 kilometre which remains open. Several rock samples obtained during J2 Syndicate Holdings Ltd.'s 2016 exploration program on their Golddigger property returned anomalous values in Au, Ag, Cu and Pb (Assessment Report 36903).
2017 exploration works on the Golddigger property focused on the Lotto/Anaconda Vein on the west side of Hastings Arm and the NewGold area on the east side of Hastings Arm. Three hundred and thirty-five (335) samples were collected: 46 channel, 267 rock (159 rock grab, 20 float and 85 chip), 7 talus fine and 15 silt samples. Channel samples were all from the Anaconda Vein (Assessment Report 37089).
2018 exploration works on the Golddigger property by Goliath Resources Ltd. focused on areas east of Hastings Arm. Highlights include discoveries of multiple breccias, stockworks, and veins containing high grade gold and polymetallic mineralization. Exploration focused on extensive areas of recent glacial and snowpack abatement. Both an airborne magnetics survey and a LiDAR survey were completed on the property. The magnetic data shows multiple linear magnetic low breaks, one of which is correlated very well with structural trends on the east side of the Golddigger property. One hundred and seven (107) chip/grab samples and twenty-one (21) channel samples were collected during the 2018 field season (Assessment Report 37783).
