G50 Corp Hits 13.5m at 7.67 g/t Gold in First Core Hole at White Caps, Nevada
G50 Corp announced high-grade gold intercepts from the first core hole at its White Caps project in Nevada, with 13.5 meters grading 7.67 g/t gold, including a higher-grade section.
G50 Corp Limited (ASX: G50; OTCQX: GFTYF) reported results from the first of five core holes drilled at its White Caps Gold Project in Nevada, intersecting 13.5 meters at 7.67 grams per tonne gold and 2.38 g/t silver from 304.5 meters depth. The intercept includes a higher-grade zone of 3.93 meters at 23.95 g/t gold and 7.29 g/t silver from 305.5 meters.
The drill program is a follow-up to the company's inaugural 2025 campaign and targets Carlin-style gold mineralization hosted in decalcified and silicified limestone. The White Caps project lies in a historic mining district with underground workings reaching 400 meters depth. G50's managing director Mark Wallace noted that the 2026 program aims to expand on previous results and define the extent of mineralization. For gold investors, exploration success at projects like White Caps can signal potential new supply sources, though development timelines remain long. The high-grade intercepts may attract attention from larger producers seeking to replenish reserves. NowPrice provides real-time gold quotes to help traders track spot price reactions to exploration news.
Investors will watch for results from the remaining four core holes of the program, which will help determine the continuity and scale of the mineralized system. G50's stock performance and future drilling updates will be key catalysts for the company's valuation in the near term.