GGL Resources Corp. Completes First Component of the 2022 Exploration Program at its Gold Point Project, Nevada
GGL Resources Corp. Completes First Component of the 2022 Exploration Program at its Gold
Point Project, Nevada
Vancouver, BC – April 6, 2022 – GGL Resources Corp. (TSX -V: GGL) (“GGL” or the “Company ”) is
please to announce that phase 1 of its planned 2022 exploration program has started at its Gold Point
Project in the Walker Lane Trend of western Nevada with the completion of helicopter-borne magnetic
and radiometric survey having been flown across the entire property. Data from this survey are now being
compiled and interpreted.
GGL has also secured a work permit from the BLM that will allow for the rehabilitation of shafts at the
Orleans Mine, the largest of four former producers on the Gold Point Property.
Lithological and structural mapping is being done in conjunction with soil geochemical surveys in all
parts of the property t hat are not covered by Pediment outwash. Work will begin this quarter to access
underground workings on the former Orleans and Grand Central Mines. These workings will then be
mapped, sampled and surveyed with underground LiDAR equipment.
The objectives of phase 1 of the 2022 program are 1) to identify areas on the property that are prospective
for open-pit, bulk mining, and 2) to evaluate the potential for high-grade underground mining utilizing the
existing underground workings.
Phase 2 of the 2022 ex ploration program is expected to start after the data from phase 1 is received and
interpreted. Phase 2 will involve RC drilling focussed on bulk tonnage targets, but may also include
underground long-hole drilling to test areas of high-grade mineralization found within the underground
workings.
About Gold Point
The Gold Point project is accessible via highway 774 and serviced by electricity. It hosts a camp -scale
precious metal system that consists of numerous gold and silver rich quartz veins. These high-grade veins
are typically 1 to 2 m in width and locally up to 7 m wide. There are four formerly producing mines on
the property, but historical information is only available for two of them (Orleans and Great Western).
The O rleans and Great Western were intermittently mined from the 1880s through to the early 1960s.
Existing underground workings are mostly open and are dry to approximately 275 m below surface on the
Orleans Vein (1020 ft level) and 240 m on the Great Western Vein, (960 ft level). Historical records
indicate that the mines had high cut -off grades (about 10 g/t gold), suggesting that well mineralized areas
likely remain in un -mined portions of the developed workings. This assumption is supported by a report
that describes 35 historical samples collected post-mining across the Orleans Vein from the 960 ft to 1020
ft levels, which averaged 0.389 opt (13.3 g/t) gold including a vein on the 1000 ft level that returned 7.97
opt (273.2 g/t) gold over 0.5 m. Additio nally, 21 samples from the 600 ft to 1020 ft levels reportedly
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averaged 0.314 opt (10.77 g/t) gold. Historical records indicate that approximately 74,000 ounces were
produced from the Orleans and Great Western Mines, with recoveries of 92% to 98% for gold through
cyanidation.
Technical information in this news release 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.
About GGL Resources Corp.
GGL is a seasoned, Canadian -based junior exploration company, focused on the exploration and
advancement of under evaluated minera l 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, four of which host past producing
high-grade mines. The Company also owns the McConnell gold -copper project located 22 kilometers
southeast of the Kemess Mine in north -central BC, and promising diamond exploration projects in
Nunavut and the Lac de Gras diamond district of the Northwest Territories. Lac de Gras is home to
Canada’s first two diamond mines, the world class Diavik and Ekati mines discovered in the 1990s. GGL
also holds diamond royalties on mineral leases near the Gahcho Kué diamond mine in the Northwest
Territories.
ON BEHALF OF THE BOARD
“David Kelsch”
David Kelsch
President, COO and Director
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
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the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward looking statements based on assumptions and judgments of management
regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors
beyond its control, and actual results may differ materially from the expected results.