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GGL Resources Corp. Announces Results from Underground Sampling at Gold Point, Nevada
VANCOUVER, BC / ACCESSWIRE / April 6, 2021 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "C...
About this update from Ggl Resources Corp.
[{"type":"text","content":"GGL Resources Corp. Announces Results from Underground Sampling at Gold Point, NevadaVANCOUVER, BC / ACCESSWIRE / April 6, 2021 / GGL Resources Corp. (TSXV:GGL) (\"GGL\" or the \"Company\") is pleased to announce the results of underground sampling conducted in early December at its past-producing Gold Point mesothermal gold/silver project, located in the Walker Lane Trend, southwestern Nevada.The sampling was completed on the 100 through 500 levels at the Great Western Mine, one of the two main former producers on the Gold Point property.Highlights from underground sampling include:23.0 g/t gold and 76 g/t silver over 1.30 m from the 500' Level;7.48 g/t gold and 64.3 g/t silver over 1.58 m from the 200' Level;6.87 g/t gold and 40.4 g/t silver over 1.63 m from the 500' Level;6.65 g/t gold and 29.5 g/t silver over 1.94 m from the 500' Level;5.99 g/t gold and 73.3 g/t silver over 1.75 m from the 500' Level; and,3.57 g/t gold and 367 g/t silver over 1.00 m from the 300' Level.Thirty of the 167 chip samples collected returned greater than 3 g/t gold equivalent, with 89 yielding greater than 1 g/t gold equivalent. The main drifts follow what appears to be a post- or syn-mineralization fault. Other parallel drifts on the 200' and 500' Levels follow a vein in the hanging wall of the main fault. Historical production was primarily focused on mineralized shoots within the main fault, above the 300' Level. There is no historical production record from the 500' Level or lower.The following table lists chip samples grading greater than 3 g/t gold equivalent collected from the Great Western Mine. LevelStationWidth (m)Gold (g/t)Silver (g/t)Gold Equivalent*(g/t)100100-181.220.642474.17200200-012.270.754567.26200Including1.221.0664710.30200200-171.121.731423.76200200-221.363.7661.44.64200200-231.084.6349.35.33200200-241.587.4864.38.40200200-281.865.5048.26.19200200-432.252.811454.88300300-421.183.6732.14.13300300-491.003.573678.81300300-501.403.242226.41500500-021.455.8847.76.56500500-091.002.381905.09500500-261.946.6529.57.07500500-291.755.9973.37.04500Including0.7711.959713.34500500-311.636.8740.47.45500500-322.004.5316.44.76500Including1.306.6822.27.00500500-371.3023.0076.424.09500500-400.769.2723.49.60*Gold Equivalent was calculated using a 70:1 silver to gold ratio based on current metal prices and assume 100% recovery of both metals.Progr...