Business
GGL Doubles the Length of Precious Metals Rich Vein Systems at its Gold Point Project, Nevada
VANCOUVER, BC / ACCESSWIRE / March 20, 2024 / GGL Resources Corp. (TSX-V:GGL) ("GGL" or the "Com...
About this update from Ggl Resources Corp.
[{"type":"text","content":"GGL Doubles the Length of Precious Metals Rich Vein Systems at its Gold Point Project, NevadaVANCOUVER, BC / ACCESSWIRE / March 20, 2024 / GGL Resources Corp. (TSX-V:GGL) (\"GGL\" or the \"Company\") is pleased to announce high-grade gold and silver results from recent surface and underground sampling on newly staked claims at its road-accessible Gold Point Project in the Walker Lane Trend of Western Nevada.A total of 86 rock samples were collected from surface and 14 from underground workings on the newly acquired veins, located 700 m along strike to the west of the main underground workings on the historical Orleans Mine. Of these, 13 samples yielded values greater than 5 g/t gold and 12 greater than 100 g/t silver. Highlight values are shown below.TypeVeinWidthGold (g/t)Silver (g/t)Underground chip*Unnamed0.15 m50.3506Underground grabCook 43.836.2FloatLime Point 41.3196Underground chip*Unnamed0.30 m15.275.1FloatUnnamed 14.6235FloatLime Point 14.498.5Underground chip*Cook1.10 m9.99212Underground chip*Cook0.50 m6.01242Underground chip*Cook0.40 m5.88127Underground grabCook 1.45415*Underground chip sample widths are restricted by the width of accessible workings and may not represent the entire width of the vein.The new claims mostly cover an area with low topographic relief, where hummocks that host the vein exposures are surrounded by extensive alluvial cover. Six well-mineralized vein zones were identified on the claims. Veins and faults follow two sub-parallel orientations, which are found throughout the property. These have similar strikes but differ in their apparent dip. Higher-grade mineralization tends to be located at or near the convergences of structures with different orientations. These structural junctions are considered high-priority exploration targets.Seven adits or shafts were identified during the recent program, and preliminary surveying and reconnaissance sampling were completed in four of these underground workings. The largest of these workings, the Cook Mine, comprises more than 300 m of horizontal development on two levels along the Cook Vein. Only the 100' level was surveyed during the 2024 work program.The veins at Gold Point are responding well to modern exploration and, where explored to date, show excellent lateral and vertical continuity. Higher grade ore shoots that were stoped by historical miner...