GGL Resources Corp. Announces Plans to Advance Gold Point and provides Corporate Update
GGL Resources Corp. Announces Plans to Advance Gold Point and
provides Corporate Update
Vancouver, BC – April 9, 2025 – GGL Resources Corp. (TSX-V: GGL) (“GGL” or the “Company”)
is pleased to announce its exploration plans for its Gold Point Project located in Nevada. The Company
is primarily focused on rapidly advancing exploration of the large, high-grade gold system at Gold Point.
2025 Field Work Plans
“After a site visit to Gold Point last weekend, we decided that a n orientation geophysics survey was in
order to vector in on the large vein -fault structures that are projected to extend under shallow alluvial
cover to the west,” remarked John Gilbert, GGL CEO. He further adds “This survey aims to quickly and
cost-effectively focus a follow-up, more advanced geophysical survey to generate further targets for future
drilling.”
GGL is planning to mobilize a field crew in the coming week to initiate 2025 exploration. The program
shall comprise a ground-based VLF survey to evaluate the on-strike potential of the vein system beneath
alluvial cover. This survey aims to quickly and efficiently delineate the steep-dipping structures that may
host further gold mineralization under cover and on trend. Known high-priority target zones lie to the east
and west of the historical workings and outcropping vein exposures at Gold Point — all within a greater,
untested 6+ km exploration fairway.
No modern day or historical exploration is known to have adequately evaluated the veins under cover
within this exploration fairway. Approximately 70% of the Gold Point Property lies beneath alluvial
cover.
To the east, the target area extends under cover from the Orleans Mine for over 1.7 km to the Hornsilver
American shaft which has yielded multiple high-grade samples including 13.7 g/t gold. Recent sampling
by GGL in 2024 (see news release dated March 20, 2024 ) has shown that the vein system also extends
westward along th is structural corridor , which remains open on strike . Samples collected here have
consistently yielded high-grade results, including a chip sample with 50.3 g/t gold over 15 cm, and grab
samples returning 43.8 g/t and 41.3 g/t gold. These results are particularly significant as they were all
collected at the furthest westward extent of outcropping veins, whereby alluvial cover obscures potential
continued mineralization on strike.
Permitting
In August 2024, GGL completed its consolidation of the Lime Point Patented claims and now owns 100%
of these claims. The Lime Point Patents comprise four individual patented claims covering 44.7 acres and
host the past producing Lime Point Mine.
A Right of Way (“ROW”) permit is being prepared and will be submitted to the Bureau of Land
Management (“BLM”) in the coming month. The ROW permit will allow GGL to establish and maintain
road and power access to the Lime Point patented claims that will support future exploration and further
advance the project.
Le Champ Copper Porphyry Target
GGL optioned the Le Champ copper-molybdenum-gold porphyry target to Teck American Incorporated
(“Teck”), a subsidiary of Teck Resources Limited, in September 2024. Teck recently provided GGL with
an update on exploration activities at the Le Champ porphyry target (See news release dated March 3,
2025). The drill program is scheduled to commence early Q2, 2025.
Qualified Person
Technical information in this news release pertaining to the Gold Point Project has been reviewed and
approved by Matthew R. Dumala, P.Eng., a geological engineer with Archer, Cathro & Associates (1981)
Limited and a qualified person for the purposes of National Instrument 43-101.
Gold analyses were completed by ALS Minerals of Reno, Nevada by 50 g Fire Assay (Au-AA26).
About GGL Resources Corp.
GGL is a seasoned, Canadian -based junior exploration company, focused on the exploration and
advancement of under -evaluated mineral assets in politically stable, mining friendly jurisdictions. The
Company has optioned and wholly owned claims in the Gold Point district of the prolific Walker Lane
Trend, Nevada. The Gold Point claims cover several gold-silver veins, five of which host past producing
high-grade mines, as well as an exciting new porphyry target which is currently under option to Teck. The
Company also owns the McConnell Project, which hosts mesothermal gold veins and an under explored
porphyry copper-gold prospect in the Kemess District of north-central British Columbia. GGL also holds
diamond royalties on mineral leases adjacent to the Gahcho Kué diamond mine and southwest of the Ekati
diamond mine in the Northwest Territories.
ON BEHALF OF THE BOARD
“John Gilbert”
Chief Executive Officer and Director
For further information concerning GGL Resources Corp. or its various exploration projects please visit
our website at www.gglresourcescorp.com or contact:
Investor Inquiries
Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
Corporate Information
Linda Knight
Corporate Secretary
Tel: (604) 688-0546
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Information contained in this news release contains forward-looking statements. These statements reflect
management’s current estimates, beliefs, intentions, and expectations; they are not guarantees of future
performance. Forward-looking statements are statements that are not historical facts and are generally,
but not always, identified by the words “succeed”, “advance”, “ exploration fairway”, “structural
corridor” and similar expressions, or that events or conditions “may”, “could” , or “will” occur. GGL
cautions that all forward-looking statements are inherently uncertain, and that actual performance may
be affected by a number of material factors, many of which are beyond the control of GGL. Such factors
include, among other things: risks and uncert ainties relating to exploration and development and the
results thereof, including the results of the recently completed drill program, the impact on future mineral
resource estimates, the potential for new discoveries, and the results of future metallurgical programs, as
well as the ability of GGL to obtain additional financing, the need to comply with environmental and
governmental regulations, fluctuations in the prices of commodities, operating hazards and risks,
competition and other risks and uncertai nties, including those described in GGL’s financial statements
available under the GGL profile at www.sedarplus.ca. Accordingly, actual and future events, conditions
and results may differ materially from the estimates, beliefs, intentions , and expectations expressed or
implied in the forward -looking information. Except as required under applicable securities legislation,
GGL undertakes no obligation to publicly update or revise forward-looking information.