#United States #Arizona #G50 Corp #Golconda Project

G50 Corp.'s Golconda Project: A Breakthrough in Gold and Silver Mining

G50 Limited (ASX: G50; OTCQX: GFTYF) has recently announced significant findings from its drilling operations at the Golconda Project in Arizona, revealing substantial high-grade gold and silver mineralization in parallel veins along a stretch of 1.3 kilometers. This update not only highlights the potential of the site as a lucrative mineral resource but also emphasizes the consistent presence of gallium across numerous drill holes.

Promising Drilling Results

In the latest series of tests conducted during the 2025-2026 core and reverse circulation (RC) drilling programs, G50 aimed to expand its understanding of the mineralization depth below 180 meters and to evaluate new targets along the Tub Vein and nearby structures. As the results are filtered from samples of 13 holes sent to the laboratory, the objectives have been achieved successfully, according to Mark Wallace, Managing Director and CEO of G50. He indicated that both the strike and depth extensions of the known mineralization have been validated through drilling, confirming that the system is much more complex and vast than previously thought.

Structural Insights

The mineralization is found within a three-kilometer-long northwest-trending crustal structure that hosts district-scale metal systems. Specific results from representative intercepts include:

• - 15.2m @ 8.24 g/t Au, 59.9 g/t Ag (near surface)
• - 16.8m @ 4.34 g/t Au, 68.8 g/t Ag
• - 13.4m @ 1.63 g/t Au, 31 g/t Ag (including 1.5m @ 13.25 g/t Au)
• - 12.2m @ 0.56 g/t Au, 200 g/t Ag

These findings suggest not only high-grade shoots embedded in broader mineralized halos but also the possibility of stacked and repeated mineralization across a wide corridor, presenting valuable growth opportunities for G50.

Gallium's Role

A remarkable aspect of the latest findings is the consistent presence of gallium, predominantly identified across nearly all drill holes. This valuable resource appears to be widespread throughout alteration zones, rather than confined to isolated areas. Wallace remarked that gallium, closely associated with sericite and argillic alteration halos, stands as a primary target for future commercialization efforts.

A Future Full of Potential

G50 sees the Golconda Project as a large-scale polymetallic system, containing not only high-grade gold and silver veins but a broad gallium-bearing alteration halo and base metals like zinc and lead that provide additional economic benefits. With the ongoing drilling efforts, along with strong metallurgy and the nature of the large, underexplored mineral system, the Golconda Project sets itself apart as a significant opportunity within a well-established mining jurisdiction.

Moreover, G50 is actively advancing its exploration of other critical minerals and precious metals across Arizona and Nevada. Notably, the company’s White Caps Project in Nevada once served as a historical gold mine evaluated by Freeport McMoRan during the 1980s and is currently under exploration for gold and antimony mineralization as well.

Conclusion

As G50 Limited pushes forward with its exploration and drilling programs at the Golconda Project, its efforts to unearth the true potential of this site gain momentum, with each successful result bringing it closer to achieving its targets. G50's ongoing commitment to these resources illustrates a proactive approach in leveraging the unique attributes of the Golconda's mineral wealth, potentially benefiting not only the company but also contributing to the broader mining industry within the U.S.