One of the most important companies in mining is making a new bet on a promising gold project in British Columbia, Canada.

‍What’s happening:‍

• McEwen Mining (NYSE: MUX) has made a strategic investment of $10M CAD into Goliath Resources (TSXV: GOT) in a new equity financing round
  

By the numbers:‍

• The new funding round was completed at $1.93 CAD per share
  
• McEwen Mining now owns 5.4% of Goliath Resources
  
• The financing round was done as a share exchange, with Goliath Resources receiving 868,056 shares of McEwen Mining
  

Why it matters:‍

• Goliath Resources has one of the most promising gold projects in British Columbia, which is located within the historic Eskay Rift in the Golden Triangle outside of Stewart, British Columbia
  

Going deeper:‍

• Goliath Resources has been finding enormous early success at their flagship Golddigger property, with more than 90% of their initial drill holes showing signs of visible gold
  
• Legendary mining entrepreneur and financier Eric Sprott has also been an early investor in Goliath Resources
  

The intrigue:‍

• Founder of McEwen Mining Robert McEwen previously invested into Goliath Resources personally and owns roughly 4% of the entire company

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