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Gold 50 Says Drilling at Arizona Project Confirm Polymetallic Gold-Silver-Zinc Discovery

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Gold 50 (ASX:G50) said results from six core and seven reverse circulation drill holes at the Golconda project in Arizona confirmed a polymetallic gold-silver-zinc discovery over a strike length of 1.3 kilometers, according to a Tuesday Australian bourse filing.

The drilling results included 16.8 meters at 4.34 grams per tonne grade of gold and 68.8g/t grade of silver from 216.4 meters, as well as 15.2 meters at 8.24 g/t grade of gold and 59.89 g/t grade of silver from 48.8 meters.

The drilling also confirmed that the alteration zones associated with precious and base metal mineralized zones at Golconda host gallium. Four planned holes remain to be drilled in the Golden Eagle Mine area.

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