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G50 Corp Limited (ASX:G50)

ALERT: Price-sensitive ASX Announcement for G50
Current share price for G50 : $0.300 -0.365 (-54.89%)+
Announcement
Release
22 Jun 2026 8:17AM
Price at Release
$0.665
Full Release
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Summary
G50 Corp Limited announced significant results from its initial drilling programme for 2026 at the White Caps gold project in Nevada. The first of five core holes drilled, WCD26-01, intersected a notable gold mineralization of 13.5 meters at a grade of 7.67 g/t gold and 2.38 g/t silver, including a higher-grade section of 3.93 meters at 23.95 g/t gold and 7.29 g/t silver. This drilling is part of a broader exploration effort targeting 'Carlin-Style' gold mineralization, influenced by blind intrusions suggested by G50's aeromagnetic data. The project builds on the prior year's reverse circulation drilling, which revealed high antimony levels and gold within limestone units. The White Caps Project is strategically located near historical and currently operating gold mines, highlighting its potential for significant gold deposits.
Key Points
  • 13.5m at 7.67 g/t Au and 2.38 g/t Ag intersected in core hole WCD26-01.
  • Higher-grade segment of 3.93m at 23.95 g/t Au and 7.29 g/t Ag.
  • The project's 2026 drilling targets 'Carlin-Style' gold mineralization.
  • Results follow a 2025 program with high antimony levels.
  • Proximity to historical and current gold mines in Nevada.
  • Project location offers access to excellent infrastructure and a rich gold history.
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.