GGL Resources Corp. Highlights Key Projects and Plans for 2025
GGL Resources Corp. (TSXV:GGL) has provided an update on its two key assets: the McConnell copper-gold project in northern BC and the Gold Point gold project in Nevada. The McConnell Project, located in the Toodoggone mining district, features a 12 km long shear hosted gold zone and copper-gold porphyry targets. Historical drilling returned multiple one-meter intervals of 10-15 g/t Au, while surface samples showed 0.5-20% Cu and 1-2 g/t Au.
The Gold Point Project in Nevada encompasses five former mines and covers approximately 7,400 acres. Underground sampling at the Orleans Mine revealed significant gold grades, including 61.8 g/t Au over 1.38m. The company plans to advance both projects in 2025, with Gold Point exploration focusing on evaluating untested on-strike potential and high-grade unmined material. Additionally, GGL has optioned the Le Champ copper-molybdenum-gold porphyry target at Gold Point to Teck American Incorporated.
GGL Resources Corp. (TSXV:GGL) ha fornito un aggiornamento sui suoi due asset principali: il progetto rame-oro McConnell nel nord della Columbia Britannica e il progetto oro Gold Point in Nevada. Il Progetto McConnell, situato nel distretto minerario di Toodoggone, presenta una zona di oro ospitata in una frattura lunga 12 km e obiettivi di porfido rame-oro. I fori storici hanno restituito molteplici intervalli di un metro con 10-15 g/t Au, mentre i campioni superficiali hanno mostrato 0,5-20% Cu e 1-2 g/t Au.
Il Progetto Gold Point in Nevada comprende cinque ex miniere e copre circa 7.400 acri. I campionamenti sotterranei alla miniera Orleans hanno rivelato gradi significativi di oro, inclusi 61,8 g/t Au su 1,38m. L'azienda prevede di far progredire entrambi i progetti nel 2025, con l'esplorazione di Gold Point focalizzata sulla valutazione del potenziale non testato lungo la direzione e del materiale non estratto ad alta legge. Inoltre, GGL ha opzionato l'obiettivo di porfido rame-molibdeno-oro Le Champ a Teck American Incorporated.
GGL Resources Corp. (TSXV:GGL) ha proporcionado una actualización sobre sus dos activos clave: el proyecto de cobre-oro McConnell en el norte de Columbia Británica y el proyecto de oro Gold Point en Nevada. El Proyecto McConnell, ubicado en el distrito minero de Toodoggone, presenta una zona de oro alojada en una falla de 12 km de largo y objetivos de pórfido de cobre-oro. La perforación histórica devolvió múltiples intervalos de un metro con 10-15 g/t Au, mientras que las muestras de superficie mostraron 0.5-20% Cu y 1-2 g/t Au.
El Proyecto Gold Point en Nevada abarca cinco antiguas minas y cubre aproximadamente 7,400 acres. El muestreo subterráneo en la Mina Orleans reveló grados significativos de oro, incluyendo 61.8 g/t Au sobre 1.38m. La compañía planea avanzar en ambos proyectos en 2025, con la exploración de Gold Point centrada en evaluar el potencial no probado en línea y el material no extraído de alta ley. Además, GGL ha otorgado la opción del objetivo de pórfido de cobre-molibdeno-oro Le Champ a Teck American Incorporated.
GGL Resources Corp. (TSXV:GGL)는 북부 브리티시컬럼비아의 맥코넬 구리-금 프로젝트와 네바다의 골드 포인트 금 프로젝트에 대한 업데이트를 제공했습니다. 맥코넬 프로젝트는 투도고곤 광산 지역에 위치하며, 길이 12km의 금이 포함된 전단대와 구리-금 포르피리 목표가 특징입니다. 과거의 시추에서는 10-15 g/t Au의 여러 1미터 간격을 기록했으며, 표면 샘플에서는 0.5-20% Cu와 1-2 g/t Au가 나타났습니다.
네바다의 골드 포인트 프로젝트는 5개의 이전 광산을 포함하며 약 7,400에이커를 차지합니다. 오를레앙 광산에서의 지하 샘플링에서는 1.38m에 걸쳐 61.8 g/t Au를 포함한 중요한 금 품위가 나타났습니다. 회사는 2025년에 두 프로젝트를 모두 진행할 계획이며, 골드 포인트 탐사는 미검증된 직선 잠재력과 고품질 미개발 자재 평가에 중점을 둘 것입니다. 또한, GGL은 골드 포인트에서 구리-몰리브덴-금 포르피리 목표인 르 샹프를 테크 아메리카 인코포레이티드에 옵션으로 제공했습니다.
GGL Resources Corp. (TSXV:GGL) a fourni une mise à jour sur ses deux principaux actifs : le projet de cuivre-or McConnell dans le nord de la Colombie-Britannique et le projet d'or Gold Point au Nevada. Le projet McConnell, situé dans le district minier de Toodoggone, possède une zone d'or hébergée dans une faille de 12 km de long ainsi que des cibles de porphyre cuivre-or. Les forages historiques ont révélé plusieurs intervalles d'un mètre avec 10-15 g/t Au, tandis que les échantillons de surface ont montré 0,5-20 % Cu et 1-2 g/t Au.
Le projet Gold Point au Nevada comprend cinq anciennes mines et couvre environ 7 400 acres. L'échantillonnage souterrain à la mine d'Orleans a révélé des teneurs en or significatives, notamment 61,8 g/t Au sur 1,38 m. L'entreprise prévoit de faire avancer les deux projets en 2025, l'exploration de Gold Point se concentrant sur l'évaluation du potentiel non testé en continu et des matériaux non extraits à haute teneur. De plus, GGL a octroyé l'option de la cible de porphyre cuivre-molybdène-or Le Champ à Teck American Incorporated.
GGL Resources Corp. (TSXV:GGL) hat ein Update zu seinen beiden Hauptprojekten gegeben: dem Kupfer-Gold-Projekt McConnell im Norden von British Columbia und dem Gold Point Goldprojekt in Nevada. Das McConnell-Projekt, das im Bergbaugebiet Toodoggone liegt, weist eine 12 km lange Goldzone auf, die in einer Scherzone gehostet ist, sowie Kupfer-Gold-Porphyrziele. Historische Bohrungen haben mehrere Einschnitte von einem Meter mit 10-15 g/t Au zurückgebracht, während Oberflächenproben 0,5-20% Cu und 1-2 g/t Au zeigten.
Das Gold Point Projekt in Nevada umfasst fünf ehemalige Minen und erstreckt sich über etwa 7.400 Acres. Unterirdische Probenahmen in der Orleans-Mine zeigten signifikante Goldgehalte, darunter 61,8 g/t Au über 1,38m. Das Unternehmen plant, beide Projekte im Jahr 2025 voranzutreiben, wobei die Erkundung von Gold Point sich auf die Bewertung ungetesteter Streckenpotenziale und hochgradiger, unerschlossener Materialien konzentriert. Darüber hinaus hat GGL das Kupfer-Molybdän-Gold-Porphyrziel Le Champ in Gold Point an Teck American Incorporated verpachtet.
- McConnell Project surface samples showed high-grade mineralization (0.5-20% Cu and 1-2 g/t Au)
- Historical drilling at McConnell returned multiple high-grade gold intervals (10-15 g/t Au)
- Gold Point Project underground sampling revealed significant grades (up to 61.8 g/t Au over 1.38m)
- Successfully optioned Le Champ target to Teck American Incorporated
- No drilling or trenching on McConnell's gold zone since 2008
- outcrop exposures at McConnell's copper-gold porphyry target
VANCOUVER, BC / ACCESS Newswire / February 19, 2025 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "Company") is pleased to provide investors an update on its two key assets; the McConnell copper-gold project in northern BC, and the Gold Point gold project in Nevada.
News Release Highlights:
Copper-gold porphyry targets identified at the McConnell Project and adjacent to a 12 km long shear hosted gold zone, Toodoggone District, BC
The consolidated, past-producing Gold Point Camp in Nevada's Walker Lane hosts strongly oxidized, high-grade and bulk-tonnage gold targets.
CEO Statement
"We are very pleased to highlight GGL's flagship projects, located in two of the most prominent exploration districts in North America" stated Matthew Turner, GGL's Interim CEO. "McConnell brings a potential copper-gold discovery in BC's Toodoggone District near Amarc Resources Ltd.'s new Aurora porphyry discovery, while Gold Point hosts oxide gold targets near a major highway and close to Anglo-Ashanti's Silicon Discovery. GGL intends to advance both projects in 2025."
McConnell Project
The
Historical exploration focused on the eastern part of the property, outlining a 9 km x 300 m wide zone of shear hosted mesothermal (orogenic) gold mineralization. The strong correlation between the mineralized quartz veins and a ground VLF-EM survey indicates the zone continues under cover for a total of 12 km. Past drilling by GGL returned multiple one-meter intervals of 10 - 15 g/t Au. Trenching has returned 7 - 8 g/t Au over 2 - 5 m. The majority of the work here was conducted in the 80s. There has been no drilling or trenching on the gold zone since 2008.
In recent years GGL shifted exploration efforts to the western portion of the property which contains an under-evaluated copper-gold porphyry target. Potassic altered monzonite has been identified in several surface workings dating back to the 1960s and 70s. Surface samples collected by GGL have returned values ranging from 0.5 -
In light of recent significant discoveries in the area, the under evaluated Cu-Au porphyry target at McConnell warrants further advancement. The recent surge in gold prices warrants additional work at McConnell's high-grade gold zone to refine the geologic controls and to model the potential of either a bulk-tonnage or moderate-size high-grade resource.
A technical slide deck of the McConnell Project can be found on the GGL website.
Gold Point
The permitted and road accessible Gold Point Project is located 26 miles south of Goldfield, Nevada, and covers several historical mine sites that intermittently produced high-grade gold and silver between 1882 and 1962. GGL has spent the last several years consolidating this camp-scale gold district with the land package currently totaling approximately 7,400 acres.
The project now covers five significant former mines (Orleans, Great Western, Lime Point, Cook, Grand Central) plus numerous smaller workings totaling at least 17 known to date. Gold is hosted in vein-faults that generally trend WNW-ESE and are exposed over a 1,600 m x 2,200 m area before being obscured by alluvial cover in three directions.
Gold mineralization occurs along the veins with higher grades occurring as shoots at structural intersections. Some examples of higher grades collected underground by GGL at the Orleans Mine are 61.8 g/t Au over 1.38m, 27.7 g/t over 1.68m and 21.4 g/t Au over 1.22m on the 300-, 150-, and 800-foot levels respectively. The underground workings are developed to a maximum vertical depth of 750 ft at the Orleans where the workings are dry and mineralization displays varying degrees of oxidation.
GGL is in the planning stages for exploration work at Gold Point during 2025. The focus of this work will be to evaluate the untested on-strike potential of this camp-scale gold rich vein corridor. The potential exists for additional high-grade discoveries and/or the ability to define a near-surface bulk tonnage target. Efforts will also be directed to further evaluate the high-grade un-mined material accessible from developed levels of all the mines as well as to test the system to depth beyond the historical mine workings.
On September 25, 2024, GGL announced the option of claims covering the Le Champ copper-molybdenum-gold porphyry target at Gold Point to Teck American Incorporated, a subsidiary of a leading Canadian resource company, Teck Resources Limited.
Qualified Person
Technical information in this news release pertaining to the McConnell Project has been reviewed and approved by David Kelsch, P.Geo., President of GGL Resources Corp., a qualified person for the purposes of National Instrument 43-101.
Technical information in this news release pertaining to the Gold Point Project has been reviewed and approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer, Cathro & Associates (1981) Limited and a qualified person for the purposes of National Instrument 43-101.
About GGL Resources Corp.
GGL is a seasoned, Canadian-based junior exploration company, focused on the exploration and advancement of under evaluated mineral assets in politically stable, mining friendly jurisdictions. The Company has optioned and wholly owned claims in the Gold Point district of the prolific Walker Lane Trend, Nevada. The Gold Point claims cover several gold-silver veins, five of which host past producing high-grade mines, as well as an exciting new porphyry target which is currently under option to Teck American Incorporated. The Company also owns the McConnell Project, which hosts mesothermal gold veins and an under explored porphyry copper-gold prospect in the Kemess District of north-central British Colombia. GGL also holds diamond royalties on mineral leases adjacent to the Gahcho Kué diamond mine and southwest of the Ekati diamond mine in the Northwest Territories.
ON BEHALF OF THE BOARD
"Matthew Turner"
Matthew Turner
Director and Interim CEO
For further information concerning GGL Resources Corp. or its various exploration projects please visit our website at www.gglresourcescorp.com or contact:
Investor Inquiries Richard Drechsler | Corporate Information Linda Knight |
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Information contained in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "(re-)evaluate", "under-evaluated", "potential", "deeply", "on-trend", "strong", "significant" and similar expressions, or that events or conditions "may", "could" or "will" occur. GGL cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the control of GGL. Such factors include, among other things: risks and uncertainties relating to exploration and development and the results thereof, including the results of the recently completed drill program, the impact on future mineral resource estimates, the potential for new discoveries, and the results of future metallurgical programs, as well as the ability of GGL to obtain additional financing, the need to comply with environmental and governmental regulations, fluctuations in the prices of commodities, operating hazards and risks, competition and other risks and uncertainties, including those described in GGL's financial statements available under the GGL profile at www.sedarplus.ca. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, GGL undertakes no obligation to publicly update or revise forward-looking information.
SOURCE: GGL Resources Corp.
View the original press release on ACCESS Newswire
FAQ
What are the gold grades reported from GGL's McConnell Project (GGLXF)?
What are the copper grades from GGL's McConnell Project surface samples?
How many former mines does GGL's Gold Point Project cover?
What are the recent underground sampling results from GGL's Orleans Mine?
What is GGL's development timeline for the McConnell and Gold Point projects?
