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GGL Resources Corp. reports on mineral exploration assets and project-level financing activity tied to gold, silver, copper, molybdenum and diamond interests in North America. The company is a Canadian junior exploration issuer with the Gold Point Project in Nevada's Walker Lane Trend, the McConnell Project in north-central British Columbia's Kemess District, and diamond royalties on mineral leases near the Gahcho Kué and Ekati diamond mines in the Northwest Territories.
Recurring developments include Gold Point earn-in and option arrangements, exploration funding, private placements of units with common share purchase warrants, TSX Venture Exchange matters, insider participation disclosures and updates on mineral targets, royalty interests and working-capital financing.
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GGL Resources Corp. announced positive assay results from its 2022 drilling program at the Gold Point Project in Nevada. The program included two diamond drill holes totaling 440.5 meters, confirming gold and silver mineralization in the Hornsilver and Great Western veins. Notable results include 5.64 meters grading 1.5 g/t gold and 101.5 g/t silver. The project continues to show potential for high-grade and bulk tonnage resources, with ongoing exploration aimed at identifying new targets.
Future plans involve further drilling and underground rehabilitation to optimize resource extraction.
GGL Resources Corp. announces high-grade silver and gold results from its Q4 2022 underground exploration at the Gold Point Project in Nevada. Highlights include:
- 9.24 g/t gold and 646 g/t silver over 2.13 m from the 300' level
- 0.49 g/t gold and 970 g/t silver over 1.52 m from the 300' level
- 61.8 g/t gold and 71 g/t silver over 1.38 m from the 300' level
Sampling confirmed high-grade mineralization remains unexploited in the Orleans Mine, with plans to access lower levels for further exploration. The findings suggest potential for significant extension of mineralization zones.
GGL Resources Corp. reported high-grade gold results from its 2022 exploration program at the Gold Point Project in Nevada. Significant results include:
- 61.8 g/t gold over 1.38 m from the 300' level
- 27.7 g/t gold over 1.68 m from the 150' level
- 21.4 g/t gold over 1.22 m from the 800' level
The company aims to restore access to lower mine levels and enhance exploration efforts, focusing on potential high-grade mineralization. Historical records indicate substantial high-grade mineralization remains in previously unmined areas. Future results on multi-element samples, including silver, are anticipated.
GGL Resources Corp. has launched phase 1 of its 2022 exploration program at the Gold Point Project in Nevada, completing a helicopter-borne magnetic and radiometric survey. The company has received a work permit for shaft rehabilitation at the Orleans Mine. The objectives include identifying prospective areas for open-pit and high-grade underground mining. Phase 2 will follow after data interpretation, focusing on bulk tonnage and high-grade mineralization. Historical mining has yielded approximately 74,000 ounces of gold from the project.