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G50 Corp Limited reports exploration and metallurgical developments for U.S. critical-minerals projects, led by the Golconda Project in Arizona. Company news centers on gallium-focused drilling, mineralogy and metallurgy work, and polymetallic results involving gold, silver, zinc and gallium at Golconda.
Updates also cover the White Caps project in Nevada, including antimony and gold drilling results, as well as capital raises and U.S. OTC market trading status tied to the company's North American exploration profile.
G50 Corp (ASX: G50, OTCQX: GFTYF) reported final results from its 2025-2026 drill program at the 100%-owned Golconda Project in northwest Arizona. The company said angled RC drilling at the Golden Eagle target confirmed shallow, strong gold-silver and gallium mineralization within the district-scale Tub Structural Zone, now traced over about 1.8km of strike. According to G50, the program extends knowledge of mineralization below 180m depth, confirms widespread gallium, and generates new targets along the structure for follow-up drilling.
G50 (ASX:G50, OTCQX:GFTYF) reported positive Phase 2 metallurgical test results from the surface oxide zone at the Little Jimmy area of its Golconda gallium project in northwest Arizona. Low-cost processing testwork indicates the potential to lift gallium grades by up to 2X, with gold and silver identified as potential co-products.
The proof-of-concept program evaluated metallurgical characteristics across four distinct mineralized zones and confirmed a defined muscovite mineral host with a repeatable concentration pathway and a conceptual route to generate gallium from run-of-mine feed. According to G50, the Phase 2 results are consistent with April testwork on unoxidized samples and continue to support potential future development of a strategic domestic gallium supply within a larger precious metals project.
The company highlights gallium’s role in advanced semiconductors, defense systems and clean-energy technologies, noting that the U.S. currently has no primary gallium production and relies on imports. G50 is advancing critical minerals and precious metals projects at Golconda in Arizona and White Caps, a historic gold mine with identified gold and antimony mineralization, in Nevada.
G50 (OTCQX:GFTYF) reported initial 2026 core drilling results from the White Caps Gold Project in Nevada, a follow-up to 2025 work.
The first of five holes intersected 13.5 m at 7.67 g/t Au and 2.38 g/t Ag from 304.5 m, including 3.93 m at 23.95 g/t Au and 7.29 g/t Ag from 305.5 m. The completed program totals five holes over 2,220.10 m targeting "Carlin-style" mineralization in an area of historical underground workings to 400 m depth. Results from the remaining four holes are expected within two months. White Caps lies adjacent to the past-producing Manhattan Gold Mine and about 20 km south of the operating Round Mountain mine. G50 is advancing critical minerals and precious metals projects in Arizona and Nevada.
G50 (OTCQX:GFTYF) reported partial 2025–2026 drilling results from its Golconda Project in northwest Arizona, confirming high-grade gold and silver mineralization in multiple parallel veins and consistent gallium across nearly all holes.
Drilling has outlined a 1.3 km strike length from surface to 400 m depth within a 3 km-long, 200–600 m wide structural corridor. Reported intercepts include 15.2 m at 8.24 g/t gold and 59.9 g/t silver, and 16.8 m at 4.34 g/t gold and 68.8 g/t silver. Gallium occurs from surface over large vertical intervals in broad alteration halos, which G50 views as the primary commercialization target alongside high-grade gold-silver veins and supporting zinc-lead credits.
G50 Corp (ASX: G50) reported metallurgical test results from the Golconda Project (Arizona) showing gallium grades increased 150–200% and recoveries of up to 70% for gallium, 97% for silver and 82% for gold using screening and flotation.
Mineralogy work found ~90% of gallium hosted in sericite, supporting a low‑capital pathway to produce a saleable gallium concentrate and potential U.S. domestic supply for defense and semiconductor uses.
G50 (OTCQX: GFTYF) CEO Mark Wallace highlighted gallium price momentum and potential policy catalysts on March 18, 2026. He noted a recent ~32% year-to-date gain and an approximate price of US$2,269.40/kg, citing China export controls and defense demand as drivers.
Wallace flagged an anticipated U.S./EU/Japan plan to set reference prices and price floors for critical minerals, including gallium, as a key near-term catalyst while G50 advances exploration and drilling at its Golconda Project in Arizona.
G50 Corp (ASX: G50) welcomed the Critical Minerals Framework signed Oct 21, 2025, which includes a U.S. government investment to build a 100 metric ton-per-year advanced gallium refinery in Western Australia. The agreement is described as the first major Western government investment in downstream gallium refining and aims to advance self-reliance in critical minerals processing.
G50 reported Phase 2 drilling at its Golconda Project (Arizona) that confirmed a polymetallic discovery of more than 700m containing gold, silver, zinc and gallium and said the project is well positioned near mining infrastructure to support U.S. supply chains.
G50 Corp (OTCQB: GFTYF) has announced significant results from its maiden RC drilling program at the White Caps project in Nevada. The program, consisting of 12 RC holes totaling 1,385 meters, revealed exceptional antimony values with a peak of 3.5% Sb (35,000 ppm) in hole WCRC25-007.
Three of four tested areas showed significant shallow gold mineralization, with high-grade intercepts (1-12 g/t Au) and broad zones of low-grade gold (0.1-0.3 g/t Au). The White Caps Mine, located 15 km south of Kinross Gold's Round Mountain Mine, historically produced over 125,000 ounces of gold at average grades of approximately 30 g/t Au between 1905 and 1964.
The project encompasses 2,501 acres across 28 patented and 74 unpatented claims, adjacent to Scorpio Gold Corp's Manhattan Mine along the significant Reliance Fault Zone structural corridor.
G50 Corp (OTCQB: GFTYF) has secured A$10.0 million through an oversubscribed placement to Australian institutions at A$0.25 per share, representing a 10.4% discount to the 5-day VWAP. The funding will support extensive drilling and testwork at the company's Golconda Gold-Silver-Zinc Project in Arizona.
The company plans to commence core drilling in September, followed by RC drilling, with a focus on gallium mineralization previously confirmed along one kilometer of Golconda patented claims. The funds will support metallurgical testing, development of a maiden Mineral Resource Estimate (MRE), and initial permitting work.
Notably, the project's gallium component has strategic importance as China currently controls 100% of gallium supply and has banned its export to the U.S., where it's critical for defense products and data center power demands.
G50 Corp (OTCQB: GFTYF) has announced final results from its Phase 2 drilling program at the Golconda Project in Arizona, confirming a significant polymetallic discovery. The project revealed mineralization extending over 700m strike length and depths up to 180m, containing gold, silver, zinc, and gallium.
The company identified two major target zones - the Tub and the Tub Footwall - both showing strong mineralization with gold grades increasing at depth. Notably, recent mineralogy tests confirmed sericite as the primary host for gallium mineralization, leading to U.S. Representative Paul Gosar recognizing it as a critical mineral project for Arizona.
The project's mineralogy breakthrough enables traditional mineral processing techniques for gallium concentration and extraction, positioning G50 to potentially support Western world's strategic and precious metals supply needs.