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G50 Corp Limited (ASX:G50)
ALERT: Price-sensitive ASX Announcement for G50
Current share price for G50 : $0.500 -0.105 (-17.36%)+
Announcement
Release
14 Nov 2025 8:28AM
Price at Release
$0.605
Full Release
Summary
G50 Corp Limited announced the commencement of core drilling at their Golconda Project in Arizona. This drilling aims to follow up on a high-grade gold and silver discovery from earlier in 2025, enhance understanding of mineralisation depth, and explore new targets along the Tub Vein and Tub Footwall zones. Previous drillings had intercepted extensive zones containing gold, silver, base metals, and gallium. The Golconda district features polymetallic vein deposits extending from the Mineral Park copper-molybdenum porphyry deposit, historically mined for various metals. G50's management emphasized the project's strategic importance given geopolitical and commercial interests, and their potential contribution to supplying strategic and precious materials.
Key Points
- Core drilling has commenced at Golconda Project, Arizona.
- Drilling follows a high-grade gold and silver discovery from 2025.
- Aims to explore new targets and understand mineralisation depth.
- Golconda district known for polymetallic vein deposits.
- Strategically significant project due to geopolitical and commercial interests.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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