G50 Corp Ltd (ASX:G50, OTCQB:GFYTF) has delivered a strong first result from its 2026 core drilling program at the White Caps Gold Project in Nevada, intersecting 13.5 metres at 7.67 g/t gold and 2.38 g/t silver from 305.5 metres.
The result from hole WCD26-01 included a higher-grade interval of 3.93 metres at 23.95 g/t gold and 7.29 g/t silver from the same depth, marking the first reported assay from a 5-hole, 2,220.10-metre program.
The program is testing Carlin-style gold mineralisation hosted in decalcified and silicified limestone in an area of historical underground workings extending to about 400 metres depth.
First core hole returns strong intercept
G50’s 2026 drilling follows its inaugural 2025 reverse circulation program, which targeted shallow gold mineralisation in altered limestone near historic workings.
That earlier campaign intersected gold mineralisation in 8 of 12 holes at depths of less than 100 metres and returned high antimony values, including a peak of 3.5% antimony (35,000 ppm) between 77.7 metres and 79.2 metres.
The latest core hole was drilled down-dip of known limestone-hosted mineralisation and toward blind intrusions interpreted from G50’s aeromagnetic data.
WCD26-01 was drilled about halfway between the historic Manhattan Consolidated shaft and the centre of the interpreted blind intrusion. It intersected 3 calcareous units, with the high-grade gold interval hosted in the middle unit.
The company said there was insufficient information to estimate the true width of the reported intercepts.
Targeting deeper mineral system
G50 is exploring the possibility that gold mineralisation at White Caps is linked to blind intrusions at depth.
The company’s interpretation is supported by aeromagnetic data, the presence of skarn and calcsilicate rocks containing disseminated molybdenum and chalcopyrite on mine dumps and in drill core, and evidence of increasing grades with depth in historical workings.
The 2026 program is also testing skarn and intrusion-related targets down-dip and southwest of the Carlin-style targets.
White Caps covers about 1,012 hectares across 28 patented and 74 unpatented mining claims in Nevada. It sits immediately adjacent and along strike, within 2 kilometres, of the past-producing Manhattan Gold Mine and about 20 kilometres south of the operating Round Mountain Gold Mine.
Managing director encouraged by result
G50 managing director Mark Wallace said the first core result was a significant outcome for the project.
“Intercepting significant gold mineralization in our first core hole at White Caps is an outstanding outcome for both the project and the team,” Wallace said.
