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G50 - G50 Corp

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Gold 50 was established for the primary purpose of acquiring, exploring and developing gold exploration properties in the USA.

The founders of Gold 50 have utilised their deep business experience in mineral exploration in Southwestern USA to assemble a portfolio of projects covering approximately 34 km2 of tenure in Arizona and Nevada. These two states have long been jurisdictions favourable for mineral exploration and mining. Arizona is the leading copper-producing state and Nevada is the leading gold-producing state in the USA.

Gold 50’s flagship Golconda Project in Arizona covers numerous historical mines and well-developed mineralised veins mediately southeast of the large Mineral Park porphyry copper-molybdenum deposit. The Golconda Mine was a zinc mine with high gold-silver grades that was ultimately mined to a depth of approximately 400m prior to ceasing operations in 1917. The precious metals potential of the Golconda Project area has never been systematically tested and only very limited exploration has been undertaken in the last 30 years.

Gold 50's Spitfire, Broken Hills, Top Gun and Caisson Projects are located in central Nevada within the prolific Walker Lane Trend. The Company plans to rapidly evaluate the near-surface gold potential of these properties.

It is anticipated that G50 will list on the ASX during July 2021.

 
took a while; now trading .... G50 out of the blocks at 22c, made to 29c soon after and now trading at 26c a share

Listing date06 August 2021 12:00PM AEST ##
Company contact detailshttps://www.gold50.com/
Ph: +61 2 9922 5800
Principal ActivitiesMineral exploration and mining
GICS industry groupTBA
Issue Price$0.25
Issue TypeOrdinary Fully Paid Shares
Security codeG50
Capital to be Raised$10,000,000
Expected offer close date18 June 2021
UnderwriterNot underwritten. Taylor Collison Limited (Lead Manager)
 
up she went on the news, then back to earth. Was 19c prior to trading halt.
Screenshot_20230727-155235_CommSec.jpg

. .. good grades, I guess?!
Screenshot_20230727-155330_Drive.jpg
 
Nice little bonus if in association with other production, though.

Gallium does not exist as a free element in the Earth's crust, and the few high-content minerals, such as gallite (CuGaS2), are too rare to serve as a primary source. The abundance in the Earth's crust is approximately 16.9 ppm. This is comparable to the crustal abundances of lead, cobalt, and niobium. Yet unlike these elements, gallium does not form its own ore deposits. Rather it occurs at trace concentrations in zinc ores, and at somewhat higher values (~ 50 ppm) in aluminium ores, from both of which it is extracted as a by-product


 
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