Life blood of the modern world

What is Gallium?

Unique critical mineral used in daily applications

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Gallium Supply

A US Perspective

Wide-spaced drilling at the Golconda Project has intersected Gallium mineralisation in 11 of 14 holes of Gold 50’s recent diamond and RC drilling program

  • Gallium occurs within a broad zone of hydrothermal alteration, veining and brecciation at Golconda, that also hosts high-grade Zn-Pb mineralisation together with gold and silver. More specifically, in the wide-spaced exploration holes drilled to date, gallium broadly correlates with zinc (in unoxidized rock) and closely with barium (likely baryte veins)
  • Based on this information and historic reports, higher grades of gallium and indium are expected to be found with the high-grade Zn-Pb lodes that Gold50 has yet to target with drilling
  • The significance of the gallium is two-fold:
    1. It provides a vector for base and precious metal mineralisation
    2. It has economic implications as it can represent a significant credit in zinc concentrates
  • The Golconda Mine ceased production in 1917 due to fire within the surface infrastructure, it was known to be the USA’s highest-grade zinc producer

Drilled from our 100%-owned Patented claims

> 109m at 40.5 g/t gallium from 129m in hole GDD02

> 308m at 28.6 g/t gallium from surface in hole GRC02

> 271m at 23.8 g/t gallium from surface in hole GRC05
>including 70m at 34.2g/t gallium from 93m

> 163m at 13.5 g/t gallium from 52m in hole GRC06

> 142m at 13.1 g/t gallium from surface in hole GRC08

> 83m at 22.6 g/t gallium from surface in hole GRC11

Core from GDD02 from 178m to 181m downhole which assays 40 g/t Gallium Stockwork and sheeted quartz-sulphide veins. Quartz-sericite-pyrite alteration.