G50 Corp Announces Final Results from 2026-2026 Drill Program Confirm Shallow Gold-Silver and Gallium Mineralization over 1.8km at Golconda Project in Arizona

Rhea-AI Summary

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.

Positive

• Mineralized strike length increased to ~1.8km at Golconda
• Shallow gold-silver and gallium mineralization confirmed in Tub Structural Zone
• Drilling extended mineralization knowledge below 180m depth
• New drill targets generated along Tub Structural Zone for follow-up work

Negative

• None.

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PHOENIX, July 27, 2026 /PRNewswire/ -- G50 Corp. (ASX: G50; OTCQX: GFTYF) announced final results from its 2025-2026 drill program confirm shallow and strong gold-silver and gallium mineralization hosted within the district scale Tub Structural Zone of more than a strike length of 1.89km.

Significant results from four angled RC drillholes at the northwestern most target along the Tub Structure, the Golden Eagle, further expand and confirm the potential of G50's 100% owned Golconda Project. In addition, drill results also confirmed the widespread presence of gallium within the Tub Structural Zone. Specifics and additional details can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03114391-2A1685919&v=undefined.

"These results follow-up the high-grade gold and silver intercepts made by G50 in 2023 and 2025 and increase the company's knowledge of the depth extend of known mineralization below 180m," said Mark Wallace, Managing Director and CEO. He added that the completion of the drill program also provided new targets along the Tub Structural Zone, continuing to expand the known mineralization at Golconda.

"As a result of this successful drill program, we have increased the strike to 1.8km and Golconda is now a large target rich project ready for follow-up drilling," Wallace affirmed.

G50 (https://www.g50corp.com) is an exploration company progressing critical minerals and precious metals projects in Arizona and Nevada. The Golconda Project is located in Northwest Arizona, a well-established mining jurisdiction with a long history of base and precious metals production. In Nevada, the company's White Caps Project is a historical gold mine that was previously drilled by Freeport McMoRan between 1982 to 1984. Exploration has identified gold and antimony mineralization.

View original content:https://www.prnewswire.com/news-releases/g50-corp-announces-final-results-from-2026-2026-drill-program-confirm-shallow-gold-silver-and-gallium-mineralization-over-1-8km-at-golconda-project-in-arizona-302835286.html

SOURCE G50 Corp Limited

FAQ

What did G50 Corp (GFTYF) announce about the 2025-2026 drill program at Golconda?

G50 Corp announced final 2025-2026 drill results confirming shallow gold-silver and gallium mineralization over about 1.8km. According to G50, angled RC drilling at the Golden Eagle target expanded the known Tub Structural Zone and generated new follow-up targets.

How long is the confirmed mineralized strike at G50 Corp's Golconda Project (GFTYF)?

G50 Corp reports the mineralized strike at Golconda now extends to about 1.8km within the Tub Structural Zone. According to G50, this increase reflects results from the completed 2025-2026 drill program at the Golden Eagle and other targets.

What metals were identified in G50 Corp's latest drilling at Golconda (GFTYF) in Arizona?

The latest drilling at Golconda identified gold, silver and gallium mineralization within the Tub Structural Zone. According to G50, results confirm shallow, strong precious metals plus widespread gallium, enhancing the project's critical minerals and precious metals profile in northwest Arizona.

How do the 2025-2026 drill results impact future exploration plans for G50 Corp (GFTYF)?

The 2025-2026 drill results provide new targets and extend mineralization understanding below 180m. According to G50, Golconda is now considered a large, target-rich project that is ready for follow-up drilling along the Tub Structural Zone.

Where is G50 Corp's Golconda Project (GFTYF) located and why is it significant?

Golconda is located in northwest Arizona, a well-established mining jurisdiction. According to G50, the project hosts gold-silver and gallium mineralization over about 1.8km, positioning it as a significant precious and critical metals exploration asset.

What other projects besides Golconda does G50 Corp (GFTYF) operate?

Besides Golconda, G50 Corp operates the White Caps Project in Nevada, a historical gold mine. According to G50, previous work and recent exploration at White Caps have identified gold and antimony mineralization for further evaluation.