G50 Corp Drills 100m Step-Outs at White Caps to Test Its 13.5m Gold Hit
Key Takeaways
- G50 has started follow-up diamond drilling at White Caps in Nevada, targeting continuity around WCD26-01, which returned 13.50m at 7.67 g/t Au including 3.93m at 23.95 g/t Au.
- The initial program is five holes for about 1,500 metres at nominal 100-metre step-outs, with one or two extra holes possible depending on progress, ground conditions and weather.
- Final assays from WCD26-02 to WCD26-05 are due in October 2026, delayed by northern hemisphere lab and logistics congestion.
- First assays from the new follow-up program are expected in January 2027, before the rig demobilises to Golconda, Arizona, for a gold, silver and gallium program.
- The 13.50m figure is a down-hole length only, and true width is unknown, so the step-out results will decide whether White Caps shows real continuity.
Drilling underway at White Caps to follow up 13.5m at 7.67 g/t gold
Follow-up diamond core drilling has commenced at the White Caps Gold Project in Nevada, according to an 8 October 2026 announcement from G50 Corp (ASX: G50, OTCQX: GFTYF). The program targets the area around hole WCD26-01, which returned 13.50m at 7.67 g/t Au in June 2026, including 3.93m at 23.95 g/t Au.
The new holes are planned to test lateral and up-dip continuity of the mineralisation at nominal step-outs of approximately 100 metres. A step-out is simply a new hole drilled a set distance from a successful one.
That shifts White Caps from a single standout hole to a more important question: is the mineralisation continuous? Managing Director Mark Wallace described the starting point this way:
Mark Wallace, Managing Director
“WCD26-01 was the first core hole drilled at White Caps and it delivered a standout result…”
He added that the mineralisation being hosted in discrete limestone units that can be followed along strike and up dip “gives the team a clear geological model to drill against…”
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The WCD26-01 result and what the follow-up targets
Gold grades in grams per tonne (g/t) only tell part of the story. What matters next is whether nearby holes find the same thing.
Headline intercept
WCD26-01, the first known core hole drilled on the project, intersected:
- 13.50m at 7.67 g/t Au and 2.38 g/t Ag from 305.5m
- Including 3.93m at 23.95 g/t Au and 7.29 g/t Ag from 305.5m
These are down-hole lengths only. The company states there is insufficient information to estimate true width, so you should not read them as the actual thickness of the mineralised zone.
The mineralisation is hosted within discrete limestone units, described as decalcified and silicified, that can be readily identified and followed along strike and up/down dip. That gives geologists a repeatable target to chase with the drill.
Program snapshot
The initial program is built around the WCD26-01 intercept and is intended to provide information on the geometry, continuity and extent of what is currently understood to be the main mineralised calcareous unit within a thick sedimentary sequence.
| Item | Detail |
|---|---|
| Project | White Caps Gold Project, Nevada, USA |
| Drilling method | Diamond core drilling |
| Initial scope | Five holes for approximately 1,500 metres |
| Primary objective | Test continuity around the WCD26-01 gold intercept |
| Indicative spacing | Nominal step-outs of approximately 100 metres |
| Potential extension | One or two additional holes, subject to progress, ground conditions and weather |
The announcement shows the diamond rig on site, commencing the program at planned hole WCD26-08.
Why step-out drilling matters for explorers
One great hole can be a lucky strike. Several holes in a pattern around it begin to show whether a deposit has real shape.
Step-out drilling tests how far mineralisation and grade extend from a discovery hole. Continuity of both geology and grade is what explorers need to demonstrate before any resource can be considered, and that is the question this program is designed to address.
White Caps is a historical gold mine, previously drilled by Freeport McMoRan between 1982 and 1984. Mr Wallace said this is the first time the mineralised limestone unit has been systematically tested with modern core drilling.
The project is in Nevada, a premier mining jurisdiction, and sits proximal to Scorpio Gold Corp’s Manhattan Gold Project. Results from the step-out holes will show whether the WCD26-01 intercept is repeated, and nothing is assured until assays are in.
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Catalysts and news flow ahead
The announcement sets out a clear sequence of expected events:
- Final assays from WCD26-02 to WCD26-05 (February 2026 program): expected October 2026. The company says an extremely active northern hemisphere exploration season has created significant delays across sample logistics and laboratory assay turnaround times.
- First assays from the follow-up program: January 2027.
- Core rig demobilisation: the rig is to demob from White Caps to Golconda, Arizona, to begin a multi-month program focussing on gold, silver and gallium.
Drill core will be logged, photographed and sampled, then submitted to ALS Reno for analysis. Assay results will be reported when received, reviewed and considered material.
For investors, that means a run of potential updates across two projects. White Caps assays are due in the coming months, while Golconda carries the company’s gold, silver and gallium discovery.
Mr Wallace summed up the position: “…G50 is entering an active period of exploration and news flow at White Caps, alongside our gold, silver and gallium discovery at Golconda in Arizona.”
Investors exploring the gallium side of the story can read our deep-dive into G50 gallium processing at Golconda, which covers the low-cost processing validation and the gold and silver co-product recovery in concentrates.
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