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The latest announcement is out from Gold 50 Ltd. ( (AU:G50) ).
G50 Corp Limited reported completion of a seven-hole, 2,550-metre core drilling program at its Golconda Project in northwest Arizona, aimed at testing depth extensions of a previously identified shallow high-grade gold and silver discovery and refining the understanding of the mineralised system. The program included an additional hole to probe mineralisation up-plunge of a strong 2023 intercept, confirming that the Tub Zone remains a wide, laterally and vertically continuous discovery that is still open along strike and at depth.
The company is rapidly transitioning into its next exploration phase, launching a 27‑hole, 5,500‑metre RC program at Golconda and a six‑hole, 2,300‑metre core program at the White Caps project in Nevada to better define size, grade and continuity with an eye to open‑pit development. Rising gallium prices and metallurgical test work indicating the ability to produce a gallium‑rich concentrate using low‑cost methods bolster the potential for a future strategic U.S. gallium supply, while cash of $5.157 million at quarter end underpins ongoing exploration activities.
More about Gold 50 Ltd.
G50 Corp Limited is an ASX- and OTCQX-listed explorer focused on gold, silver and associated base metals in the U.S., with key projects at Golconda in northwest Arizona and White Caps in Nevada. The company is targeting near-surface, potentially open-pittable mineralisation while also evaluating the potential to supply strategic metals such as gallium to the domestic U.S. market.
Average Trading Volume: 367,647
Technical Sentiment Signal: Buy
Current Market Cap: A$180.5M
Learn more about G50 stock on TipRanks’ Stock Analysis page.