GGL Resources Corp. Provides Update on Le Champ Copper Porphyry Target, Nevada.
GGL Resources Corp. Provides Update on Le Champ Copper
Porphyry Target, Nevada.
Vancouver, BC – March 3 , 202 5 – GGL Resources Corp. (TSX -V: GGL) (“GGL” or the
“Company”) is pleased to provide an update on the Le Champ copper-molybdenum-gold porphyry target
at the road accessible Gold Point Project, Nevada optioned to Teck American Incorporated (“Teck”), a
subsidiary of a leading Canadian resource company, Teck Resources Limited . (See news release date
September 25, 2024).
Teck recently provided GGL with an update on exploration activities at the Le Champ porphyry target. A
mapping program was executed in October 2024 that defined porphyry -style veining and alteration
domains coincident with the IP chargeability and copper-molybdenum soil anomalies defined by GGL’s
previous work on the Le Champ porphyry target area.
A Notice of Intent (NOI) has been approved by the Bureau of Land Management (BLM) for construction
of access roads and drill pads in support of a maiden drill program on the newly refined porphyry target
areas. The drill program is scheduled to commence early Q2, 2025.
“GGL is excited to see Teck advance the Le Champ porphyry target with an in -depth, technically sound
field program within only two months of signing the option agreement,” states David Kelsch, President
of GGL. “And now to be positioned to execute a maiden drill program within six months speaks to the
caliber of work and the targets generated.”
The broad IP chargeability/conductivity anomaly and copper-molybdenum soil anomalies defined by
GGL’s early generative field work correlate well with the key mapping criteria utilized by Teck to aid in
drill hole targeting. (See news release date April 10, 2024). The following mapped characteristics support
the upper potassic alteration envelope hypothesis:
• High density sheeted to stockwork EDM (chalcopyrite with biotite selvage) and B type (K-feldspar
vein haloes) vein densities fringed by zones of D veins (phyllic);
• Strong secondary biotite alteration;
• Syn- to early-mineral intrusions or mineralized transitional igneous-hydrothermal breccias;
• Elevated volume % oxide after sulfide estimates within zones of highest vein density;
• Elevated ratios of glass limonite (interpreted as chalcopyrite) to other limonite species are
concurrent with all the above mentioned potassic features; and,
• Distribution and volume % estimate of oxide sites including goethite, hematite, jarosite, and glass
limonite coincident with the IP chargeability anomaly are a possible indication of remnant
hypogene sulphides (chalcopyrite, bornite/magnetite, and pyrite) in a pre-weathering environment.
An extensive geochronological (age dating) sampling program included U-Pb, Zircon geochronology to
understand the relationships between the mapped pre -, post- and syn- intrusive phases identified at Le
Champ. The 167-159 Ma age range is consistent with syn-mineral dikes at the McArthur and Ann Mason
deposits in the nearby Yerington District also in the Walker Lane Trend of Nevada.
The identification of two syn -mineral intrusive phases associated with hydrothermal alteration ,
mineralization and veining, the increase in secondary biotite and K -spar alteration proximal to known
hydrothermal breccias and B-type veins, and the coincidence of classic D-type veins with sericite and clay
alteration also supports the Le Champ porphyry copper target.
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Gold Point – High-Grade Gold Vein-Fault Systems
In addition to the Le Champ copper porphyry target optioned to Teck, GGL holds the high-grade vein-fault
systems at the Gold Point Project. (See news release date February 19, 2025 ). The permitted and road
accessible Gold Point Project is located 26 miles south of Goldfield, Nevada.
The gold mineralization occurs along veins with higher grades occurring as mineralized shoots at structural
intersections in the five significant former mines (Orleans, Great Western, Lime Point, Cook, Grand
Central) plus numerous smaller workings totaling at least 17 known to date.
GGL will continue to advance the claims containing the gold portion of the Gold Point project
independently of the concurrent work conducted by Teck on the porphyry target.
Qualified Person
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 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, a s 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 Colombia. 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
“David Kelsch”
David Kelsch
President, COO 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
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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 “coincident”, “aggressively”, “in-depth”, “broad”, “consistent”,
“high”, “elevated”, “evaluated”, “potential”, “strong”, “significant” 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
uncertainties 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 metallurgi cal 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 uncertainties,
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.