G50 Corp (ASX:G50) has received drill results confirming a polymetallic gold-silver-zinc discovery within the Golconda Project in Arizona, which is expected to bring “considerable” economic benefits.
The new discovery has a 700m strike length and a 180m depth extent from surface.
G50 Corp, which has a market capitalisation of $48.2 million, says the combination of polymetallic mineralisation, extensive strike length, high-grade intercepts, and increasing gold grades at depth highlights the project’s importance and potential.
Two main target zones, Tub and Tub Footwall, both show strong mineralisation with gold grades increasing at depth.
The highlighted results include 32m @ 0.61 grams per tonne gold, 18.15g/t silver, 4.21% zinc, and 0.11% copper from 9.1m, including 12.2m @ 1.5g/t gold, 41g/t silver, 9.80% zinc and 0.28% copper from 13.7m; and 3m @ 1g/t gold, 256.75g/t silver, 0.29% zinc from 141.7m.
The 2025 focus of drilling was 700m of strike length of the Tub Zone between its intersection with the Golconda vein at the southern end and the Big Bethel mine at the northern end.
Golconda contains numerous historical small mines including Tub, Big Bethel, Green Linnet, Oro Plata, Prosperity, Primrose, Blackfoot and Mexican.
G50 Corp is an emerging precious metals explorer focused on rapidly progressing projects in the southwest US.
Write to Aaliyah Rogan at Mining.com.au
Images: G50 Corp
