G50 Corp Confirms Gold-Silver-Zinc Discovery at Golconda Project Arizona

Major Discovery Delivers High-Grade Intercepts Across Multiple Targets

The final 12 holes of G50's 2025 drill program have delivered exceptional results, confirming the substantial scale of mineralisation at the Golconda Project. The G50 Corp Ltd gold-silver-zinc discovery features two main target zones—the Tub Vein and Tub Footwall—both showing strong mineralisation with gold grades that increase with depth.

Standout intercepts from the Tub Vein include:

• 32m at 0.61 g/t Au, 18.15 g/t Ag, 4.21% Zn and 0.11% Cu from 9.1m in GRC 30
• Including 12.2m at 1.5 g/t Au, 41 g/t Ag, 9.80% Zn and 0.28% Cu from 13.7m

The Tub Footwall zone yielded equally impressive results:

• 19.8m at 0.37 g/t Au, 44.26 g/t Ag, 0.11% Zn from 128m in GRC 28
• Including 3.0m at 1.00 g/t Au, 256.75 g/t Ag, 0.29% Zn from 141.7m

These results build on the company's 2023 discovery hole which returned an exceptional 35m at 5.2g/t Au and 5.9g/t Ag from 177m, including 9m at 19.5g/t Au, 17.8g/t Ag and 0.4% zinc from 203m. This impressive discovery is reminiscent of the major gold system results at Hope Hill discovery.

Gallium Potential Adds Strategic Value

Beyond precious and base metals, the drilling program has confirmed consistent gallium mineralisation across the project area. Every RC hole hit significant widths and grades of gallium, including:

• 146m at 19 g/t Ga from surface in GRC 27
• 183m at 19.2 g/t Ga from surface in GRC 29
• 204m at 18.1 g/t Ga from 9.2m in GRC 37

Recent mineralogy test work at SGS Canada revealed approximately 90% of the gallium is hosted in sericite, making it potentially extractable using traditional mineral processing methods. This finding significantly enhances the project's strategic value, given gallium's importance in semiconductor manufacturing and its designation as a critical mineral. Similar gallium discovery with high-grade rates have been garnering attention in the mining sector.

"Today's results confirm the significant scale and nature of the Golconda project. Discovering a polymetallic gold-silver-zinc deposit over 700m strike length and depths up to 180m is extraordinary. With our current mineralogy and metallurgical work, the G50 team believes we can meet the Western world's need for a secure supply of strategic and precious metals," states Mark Wallace, Managing Director.

Understanding Golconda's Geological Setting

The Tub Zone at Golconda sits on a major NW-trending crustal structure with over 20km of strike length. This major structure hosts significant mineralisation throughout the district, including:

• Golconda and Tub mines (G50 100%)
• Golden Eagle Mine (G50 100%)
• Mineral Park porphyry copper-silver-molybdenum mine
• Chloride District including the Tennessee mine

G50's Golconda project covers approximately 3km of this highly prospective structure. The Tub Zone, comprising the Tub Vein and its footwall alteration zone, ranges from 100-500m in width and dips northeast at 50-60 degrees.

What Makes This Discovery Significant?

The G50 Corp Ltd gold-silver-zinc discovery is particularly noteworthy for several reasons:

1. Polymetallic nature: The mineralisation contains a valuable mix of gold, silver, zinc, and copper, enhancing potential economics.

2. Near-surface mineralisation: With intercepts starting from surface and extending to 180m depth, future mining operations could benefit from lower stripping ratios.

3. Increasing gold grades at depth: The silver-to-gold ratio changes markedly with depth, with deeper holes showing higher gold content—a positive indicator for the project's economic potential.

4. Strategic mineral content: The consistent gallium content adds another dimension to the project's value, particularly with gallium being designated a critical mineral by the US government.

Furthermore, this discovery at the Golconda project by G50 Corp in Arizona represents a significant addition to the company's growing portfolio.

Understanding Gallium: The Critical Mineral Bonus

Gallium is a soft, silvery metal primarily used in semiconductor manufacturing, particularly for gallium arsenide (GaAs) and gallium nitride (GaN) compounds. These compounds are essential in manufacturing LEDs, solar cells, and 5G telecommunications equipment.

While gallium is abundant in the Earth's crust, it rarely forms concentrated deposits and is typically produced as a byproduct of aluminium or zinc processing. With China currently dominating global gallium production, there's growing interest in developing alternative sources, particularly in geopolitically stable jurisdictions like the United States.

The consistent gallium grades at Golconda, combined with its presence in sericite (a mineral amenable to conventional processing), position G50 as a potential domestic supplier of this strategic metal. Recent gallium results and mineralisation at the Caladao project show a similar promising trend in the sector.

Upcoming Catalysts to Watch

G50 has outlined a comprehensive plan to advance the Golconda Project, including:

• Diamond drilling to test depth extensions of high-grade intercepts
• RC drilling to test strike and lateral extensions of the exceptional GRC 06 hole
• Metallurgical test work for base metals, precious metals, and gallium
• Commencement of baseline studies for permitting

These activities should provide a steady stream of news flow and potential value-creating catalysts in the coming months.

Why Investors Should Take Notice

The G50 Corp Ltd gold-silver-zinc discovery represents a compelling investment opportunity for several reasons:

1. Significant scale: The 700-metre strike length and 180-metre depth extent demonstrate considerable size potential.

2. Multi-commodity exposure: The project offers exposure to precious metals (gold, silver), base metals (zinc, copper), and critical minerals (gallium).

3. Strategic location: Located in mining-friendly Arizona, the project benefits from excellent infrastructure and proximity to processing facilities.

4. Experienced management: G50's team has demonstrated the technical expertise to advance the project efficiently.

5. Geopolitical advantage: With growing concerns about critical mineral supply chains, domestic sources of gallium may command premium valuations.

"Geopolitical and commercial demands are driving interest in our Arizona-based project. With our current mineralogy and metallurgical work, the G50 team believes we can meet the Western world's need for a secure supply of strategic and precious metals," notes Mark Wallace, Managing Director.

As G50 advances this polymetallic discovery with additional drilling and metallurgical studies, Golconda is rapidly emerging as a strategic asset with multiple pathways to value creation. Recent gold results extending mineralisation in Côte d'Ivoire demonstrate the global nature of promising gold discoveries currently underway.

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