G50 Corp Limited Unveils Breakthrough 47.2m Gold/Silver-Zinc Discovery & High Gallium Grades at Arizona's Golconda Project

Thursday, July 10, 2025
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8:46 am
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G50 Corp Limited’s Phase 2 drilling at Golconda, Arizona, has revealed robust gold, silver, and zinc intercepts in the new Tub Zone. Notably, strong gallium signals also emerged, underscoring promising prospects for both precious and strategic metals in this historic mining district.

G50 Corp Limited has unveiled promising preliminary results from its Phase 2 reverse circulation drilling program at its Golconda Project in Arizona. The program, which involved drilling 26 holes along a 700‐meter strike length in the Tub Zone, marked the first targeted effort below the oxidation depth in the central portion of the structure. Several drill holes returned significant intercepts, with one notable result recording an interval of 47.2 meters at 2.0 g/t gold, 40.2 g/t silver, and 0.29% zinc from 191 meters downhole, including a sub-interval with higher grades of 5.19 g/t gold and 100.2 g/t silver. Further intercepts from holes such as those in GRC21, GRC17, and GRC24 confirm that mineralization within the Tub Zone is both laterally and vertically continuous, intersecting mesothermal quartz-sulphide veins enriched in pyrite, sphalerite, and galena. The reported gold-silver-zinc intercepts, encountered beneath the alteration cap, demonstrate wide, high-grade zones that extend well below the oxidation surface. In addition, the Phase 2 program highlighted a high priority gallium halo with shallow intercepts consistently returning gallium grades ranging from 17.7 to 21.7 g/t over extended intervals, reinforcing the strategic value of the project for supplying key minerals. The discovery comes as part of a broader exploration strategy in one of Arizona’s premier mining districts, with the project lying along a major NW-trending crustal structure that has historically hosted significant mines. G50 Corp Limited is moving forward with further assay commitments and early planning on an infill and step-out drilling campaign to explore potential depth extensions and remain on track to delineate a substantial mineralized resource. For market observers, bullish sentiment centers on the continuity and promising grades of key commodities—including gold, silver, zinc, and gallium—in a region favored by major industry players. The extended intercepts and clear structural continuity hint at a potential sizeable resource expansion that could yield long-term gains. On the flip side, bearish views point to the inherent risks in early-stage exploration, such as uncertainties in true width estimation, assay variability, and the challenges of extrapolating preliminary results into a fully defined resource. As additional data and assay results emerge, the project's overall viability and value remain subject to further confirmation.

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