White Caps Drilling Yields 3.5% Antimony and Strong Gold Continuity
G50 Corp’s initial drilling at the White Caps Gold Project in Nevada confirms significant high-grade gold and antimony mineralization, validating its geological model and setting the stage for expanded exploration.
- Maiden 12-hole RC drilling confirms gold continuity and up to 3.5% antimony
- High-grade gold intercepts in silicified limestone support structural mineralization model
- White Caps project adjacent to notable Manhattan and Round Mountain mines
- Strong geochemical anomalies of arsenic, antimony, and mercury correlate with gold
- Plans underway for 2,000-meter core drilling and expanded surface sampling
Exploration Breakthrough at White Caps
G50 Corp Limited (ASX, G50) has released promising results from its maiden reverse circulation (RC) drilling campaign at the White Caps Gold Project in Nevada. The 12-hole program, completed in early 2025, confirmed the continuity of gold mineralization and revealed exceptionally high antimony values, including a standout intercept of 3.5% antimony at a depth of around 78 meters. These findings validate the company’s geological model developed through comprehensive surface geological, geochemical, and geophysical surveys.
Historical Context and Geological Significance
White Caps is a historically significant high-grade gold mine, having produced approximately 125,000 ounces at an average grade of 30 grams per tonne. The project lies within a prolific mining district, adjacent to the past-producing Manhattan Gold Mine and near the operating Round Mountain Gold Mine, both renowned for their substantial gold outputs. G50’s drilling results highlight mineralization hosted primarily in silicified and decalcified Cambrian limestones, structurally controlled by steeply dipping faults that act as conduits for mineralizing fluids.
Drilling Highlights and Mineralization Insights
The drilling program returned multiple significant gold intercepts, including 22.86 meters at 0.92 g/t gold and 6.1 meters at 1.58 g/t gold with 1.1% antimony. Notably, this is the first angled drilling at White Caps, contrasting with historical vertical drilling by Freeport in the 1980s, which may have missed key high-grade zones. The presence of pathfinder elements such as arsenic and antimony strongly correlates with gold and silver mineralization, reinforcing the prospectivity of the project.
Strategic Exploration and Next Steps
G50’s Managing Director, Mark Wallace, emphasized the value of rebuilding the geological model from first principles and the potential unlocked by applying modern exploration techniques to a historical mine. The company plans to advance with a 2,000-meter core drilling program aimed at extending mineralization along the main structural corridor and testing newly identified targets. Expanded surface geochemical sampling and detailed structural mapping are also planned to further delineate the project’s potential.
Broader Implications for G50 and Investors
The White Caps Project’s proximity to established mines and infrastructure, combined with the encouraging drilling results, positions G50 well for significant exploration upside. The discovery of substantial antimony, a critical mineral with growing industrial demand, adds a strategic dimension to the project’s value proposition. However, true widths of mineralized zones remain to be confirmed, and further drilling will be essential to define a resource and assess economic viability.
Bottom Line?
G50’s maiden drilling at White Caps reaffirms the project’s high-grade potential and sets a clear path for accelerated exploration and resource definition.
Questions in the middle?
- What will the upcoming core drilling reveal about the true width and continuity of mineralization?
- How might the significant antimony intercepts influence the project’s economic and strategic value?
- What are the timelines and conditions for G50’s acquisition milestones and potential mining decisions?
