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ASX:G50

6 stories mentioning ASX:G50Updated 8d ago

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Asia

G50 to Raise Over AU$26 Million Via Institutional Placement to Advance US Projects, Shares Sink 14%

G50 (ASX:G50) received firm commitments to raise about AU$26.3 million before costs through a single-tranche institutional placement of about 44.1 million new shares at AU$0.595 per share, according to a Wednesday Australian bourse filing.The per-share price is at a 9.8% discount to G50's last closing price of AU$0.66 on July 24, the filing added.Funds raised will be used to accelerate exploration at both the Golconda project in Arizona and White Caps project in Nevada, including further drilling, geological studies, gallium test work and early permitting activities at Golconda.The company's shares plunged 14% in recent Wednesday trade.

ASX:G50
Asia

G50 Identifies Gold-Silver, Gallium Mineralization at Golconda Project in Arizona

G50 (ASX:G50) identified gold-silver and gallium mineralization during recent drilling at the Tub Structural Zone of its Golconda project in Arizona, according to a Monday Australian bourse filing.The results were up to 4.6 meters at 1.22 grams per tonne grade of gold and 8g/t silver from 70.1 meters and 213 meters at 17.6g/t gallium from surface, with mineralization now confirmed over a strike length of 1.8 kilometers within the Golconda property.

ASX:G50
Asia

G50 Reports Positive Phase 2 Metallurgical Results at Arizona's Golconda Project, Shares Up 7%

G50 (ASX:G50) said positive Phase 2 metallurgical test results from samples taken from the surface oxide zone at the Little Jimmy area of its Golconda project in Arizona showed the potential to produce gallium and precious metal concentrates using conventional, low-cost processing methods, according to a Wednesday Australian bourse filing.The company said gallium is concentrated within the fine-grained fraction of the oxide material, with gold and silver broadly distributed across the size range, with test work giving options to recover either a combined gallium, gold, and silver concentrate or separate gallium and precious metal concentrates.The results are consistent with April test work on unoxidized samples and continue to support the potential to develop a strategic domestic gallium supply integrated within a larger precious metals project, it added.The company's shares rose 7% in recent Wednesday trade.

ASX:G50
Asia

G50 Identifies High-Grade Gold Mineralization in Nevada Project

G50 (ASX:G50) said it has reported results from the first of five core holes drilled at its White Caps gold project in Nevada, with the results forming a follow-up to the inaugural 2025 drill program, according to a Monday Australian bourse filing.The results were of up to 13.5 meters at 7.67 grams per tonne grade of gold and 2.38 g/t silver from 305.5 meters, including 3.93 meters at 23.95 g/t gold and 7.29 g/t silver from 305.5 meters.The drill program is targeting Carlin-style gold mineralization hosted within decalcified and silicified limestone in an area of significant historical underground workings to 400 meters deep, with the program completed for a total of five holes across 2,220.10 meters, the filing added.The drill program is also testing skarn and intrusion-related targets down-dip to the southwest of the Carlin-style targets, it added.

ASX:G50
Asia

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

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.

ASX:G50
Asia

G50 Corp CFO Resigns

G50 Corp (ASX:G50) said Sharmila Watson has resigned as the company's CFO, effective Thursday, according to a same-day filing with the Australian bourse.Watson will remain on hand until July 3 to facilitate the transition, per the filing.

ASX:G50

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