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GGL Intersects 1.5 g/t Gold and 101.5 g/t Silver over 5.64 m at its Gold Point Project, Nevada
VANCOUVER, BC / ACCESSWIRE / February 22, 2023 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "C...
About this update from Ggl Resources Corp.
[{"type":"text","content":"GGL Intersects 1.5 g/t Gold and 101.5 g/t Silver over 5.64 m at its Gold Point Project, NevadaVANCOUVER, BC / ACCESSWIRE / February 22, 2023 / GGL Resources Corp. (TSXV:GGL) (\"GGL\" or the \"Company\") is pleased to announce assay results from the 2022 surface drilling program at its road-accessible Gold Point Project in the Walker Lane Trend of Western Nevada.Two diamond drill holes, totaling approximately 440.5 m, were completed on a section line that crosses projections of two of the past-producing veins (Great Western and Hornsilver) plus other nearby targets that GGL has identified in recent years by prospecting and soil geochemistry.Results from the 2022 diamond drill program are summarized in the table below.HoleFromToInterval*GoldSilverAuEQ+ (m)(m)(m)(g/t)(g/t)(g/t)GP-22-016120.74126.385.641.5101.52.74including125.51126.380.874.434249.6GP -22-01729.1731.912.740.1130.90.48GP -22-017164.69168.573.880.297.70.39*True widths are unknown at this time and assumed to be 70-80% interval widths.+Gold Equivalent is calculated using a 1:82 ratio, based upon $1930/oz gold and $23.50/oz silver, and assumes 100% metallurgical recoveries.Drilling was designed to evaluate both high-grade and bulk tonnage potential within an area containing closely spaced veins and gold-in-soil anomalies.GP-22-016 intersected 5.64 m grading 1.5 g/t gold and 101.5 g/t silver where it crossed the projection of the Hornsilver Vein. This intercept is located 146 m west of the closest underground workings on that vein.GP-22-017 cut a weakly mineralized interval where it crossed the projection of the Great Western Vein 75 m along strike of hole GP-21-012, which returned 2.22 g/t gold over 12.19 m, including 5.17 g/t gold over 4.57 m (see Company news release date December 8, 2021).This 2021 intersection lies 80 m northwest of the limit of the underground workings.Three additional holes that were planned to test other structures on the section line were postponed to divert funds to a more aggressive underground rehabilitation program at the Orleans Mine, where emerging results confirmed the presence of high grade unmined vein material and the potential for wider than expected zones of mineralization (see news releases dated January 24, 2023 and February 1, 2023).This drill program continues to demonstrate the lateral and vertical continuity of vein-fault system...