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An announcement from Gold 50 Ltd. ( (AU:G50) ) is now available.
Gold 50 Ltd. has commenced significant drilling activities at its Golconda Project in Arizona and White Caps Project in Nevada. The Phase 2 RC drilling at Golconda aims to explore high-grade gallium and precious metals, while initial mineralogy and metallurgical test work has begun to assess gallium recovery methods. The White Caps Project saw the completion of a maiden RC drilling program targeting low-grade gold. The recent executive order by President Trump to boost American mineral production is expected to positively impact the Golconda Project, aligning with the company’s focus on strategic minerals for military readiness. This has attracted interest from potential partners and the Defense Department, emphasizing the importance of a domestic supply chain for strategic metals amid geopolitical tensions.
More about Gold 50 Ltd.
Gold 50 Ltd. operates in the mining industry, focusing on the exploration and development of strategic minerals and precious metals. The company is actively engaged in projects in Arizona and Nevada, targeting high-grade gallium and precious metals, with a particular emphasis on creating a domestic supply chain for strategic minerals in the USA.
YTD Price Performance: -37.50%
Average Trading Volume: 201,750
Technical Sentiment Signal: Buy
See more data about G50 stock on TipRanks’ Stock Analysis page.