G50 Corp Unveils Strong Drill Results from Golconda Project, Arizona

G50 Corp Limited (ASX: G50) has reported encouraging preliminary results from its Phase 2 drilling campaign at the Golconda Project in Arizona. The program targeted the central section of the Tub Zone, marking the first time this area has been drilled below the oxidised layer. Of the 26-reverse circulation (RC) holes drilled (GRC13–38), results from GRC13 to GRC26 have been received, revealing significant base and precious metal mineralisation. Notable intercepts include 47.2 metres at 2.0g/t gold, 40.2g/t silver, and 0.29% zinc from 191 metres in hole GRC22, including a higher-grade section of 16.8 metres at 5.19g/t gold and 100.2g/t silver. Hole GRC21 returned 77.7 metres at 0.76g/t gold and 11g/t silver, including 7.6 metres at 5.5g/t gold.

Additionally, hole GRC17 intersected 97.5 metres at 0.27 g/t gold, 4.8 g/t silver, and 0.7% zinc. Several holes ended in mineralisation, indicating strong potential for depth extensions. These results confirm the Tub Zone as a laterally and vertically continuous, mineralised system with significant exploration upside.

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