G50 Corp Intersects 13.5 Meters at 7.67 g/t Au in First Core Hole at White Caps, Nevada

Rhea-AI Summary

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.

Positive

• First 2026 core hole intersected 13.5 m at 7.67 g/t Au and 2.38 g/t Ag
• Included interval of 3.93 m at 23.95 g/t Au and 7.29 g/t Ag from 305.5 m
• 2026 White Caps drill program completed: five holes totaling 2,220.10 m
• White Caps located beside past-producing Manhattan Gold Mine and ~20 km from operating Round Mountain mine

Negative

• None.

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PHOENIX, June 22, 2026 /PRNewswire/ -- G50 Corp Limited (ASX: G50; OTCQX: GFTYF) announced results from the first of five core holes drilled at its White Caps Gold Project in Nevada. The drill program is a follow-up to the inaugural drill program from 2025.

The first of five core holes drilled in the current program intersected 13.5m at 7.67 g/t AU and 2.38 g/t AG from 304.5m, including 3.93m at 23.95 g/t Au and 7.29g/t Ag from 305.5m.

"Our 2026 drill program is targeting 'Carlin-Style' gold mineralization hosted within decalcified and silicified limestone in an area of significant historical underground workings to 400 m depth," said Mark Wallace, Managing Director and CEO of G50. He added that the program has been completed for a total of five holes across 2,220.10 meters.

"Intercepting significant gold mineralization in our first core hole at White Caps is an outstanding outcome for both the project and the team. This result reflects the value of our disciplined, first-principles approach to revitalizing this historic mining area, which we believe offers significant untapped potential," Wallace said, adding that results from the remaining four holes in this program are expected in the next two months.

The Project is located immediately adjacent and along strike of the past producing Manhattan Gold Mine (Kinross) currently owned by Scorpio Gold and approximately 20km south of the operating Round Mountain Gold mine.

Additional details can be found here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03102259-2A1678372&v=undefined.

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-intersects-13-5-meters-at-7-67-gt-au-in-first-core-hole-at-white-caps-nevada-302806453.html

SOURCE G50 Corp Limited

FAQ

What drill results did G50 (OTCQX:GFTYF) announce on June 22, 2026 for the White Caps Project?

G50 reported that its first 2026 core hole at White Caps intersected 13.5 m at 7.67 g/t gold. According to G50, this interval also contained 2.38 g/t silver, including 3.93 m at 23.95 g/t gold and 7.29 g/t silver from 305.5 m.

What is the significance of the 3.93 m interval in G50 stock (GFTYF) White Caps drill results?

The reported highlight within the wider intercept is 3.93 m at 23.95 g/t gold and 7.29 g/t silver. According to G50, this interval begins at 305.5 m depth and lies within a broader 13.5 m mineralized zone from 304.5 m in the first 2026 core hole.

How large is G50’s 2026 drill program at White Caps, Nevada for GFTYF shareholders?

G50 stated that the 2026 White Caps drill program consists of five core holes totaling 2,220.10 m. According to G50, the program targets "Carlin-style" gold mineralization in decalcified and silicified limestone beneath historical underground workings reaching about 400 m depth.

When are the remaining White Caps drill results expected for G50 (GFTYF) investors?

G50 expects assay results from the remaining four core holes at White Caps within the next two months. According to G50, the first hole’s results have been released, while the rest of the 2,220.10 m 2026 drilling program is still being assayed and compiled.

Where is G50’s White Caps Gold Project located relative to other Nevada gold mines?

The White Caps Project lies adjacent and along strike from the past-producing Manhattan Gold Mine, now owned by Scorpio Gold. According to G50, it is also approximately 20 km south of the operating Round Mountain Gold mine, in a well-known Nevada mining district.

What commodities and regions does G50 (OTCQX:GFTYF) focus on in its exploration portfolio?

G50 focuses on critical minerals and precious metals projects in Arizona and Nevada, including White Caps and Golconda. According to G50, the Golconda Project is in northwest Arizona, a jurisdiction with a long history of base and precious metals production and active mining.