GGL Samples 61.8 g/t gold over 1.38 m from the Orleans Mine at its Gold Point Project, Nevada
GGL Samples 61.8 g/t gold over 1.38 m from the Orleans Mine at its Gold Point Project, Nevada
Vancouver, BC – January 24, 2023 – GGL Resources Corp. (TSX-V: GGL) (“GGL” or the “Company”) is
pleased to announce high-grade gold results from the fall 2022 underground exploration and surface drilling
program at its road-accessible Gold Point Project in the Walker Lane Trend of Western Nevada. Mapping
and sampling were completed on the Orleans and Grand Central Mines.
Select highlights from the 2022 Orleans underground exploration program include:
• 61.8 g/t gold over 1.38 m from the 300’ level
• 27.7 g/t gold over 1.68 m from the 150’ level
• 21.4 g/t gold over 1.22 m from the 800’ level
• 18.4 g/t gold over 1.52 m from the 600’ level
• 9.24 g/t gold over 2.13 m from the 300’ level
Work on the former mines focused on the Orleans Mine, the largest of four former producers on the Gold
Point Property. The 2022 sampling work was conducted using a series of raises and winzes that provided
safe access to all but the lowest two levels of the mine where mining was focused immediately before
operations were suspended in 1962. Initial surveying and sampling were done along 964 m of the
underground workings. It is estimated that more than 1,800 m of additional workings h ave yet to be
accessed.
Historical maps indicate that known high-grade mineralization is concentrated in two gently eastward
plunging shoots developed along a moderately northwest dipping vein fault. Many of the drifts between
these shoots do not follow along the vein fault and reference samples collected here are weakly mineralized.
The following table lists gold results for chip samples grading better than 2.0 g/t.
150’ Level (5 samples) 400’ Level (8 samples)
1.68 m 27.7 g/t 1.07 m 2.64 g/t
1.22 m 5.73 g/t 0.91 m 2.33 g/t
300’ Level (16 samples) 600’ Level (10 samples)
1.38 61.8 g/t 1.52 m 18.4 g/t
2.13 m 9.24 g/t 1.22 m 2.73 g/t
1.22 m 8.06 g/t
1.37 m 5.32 g/t 800’ Level (6 samples)
1.37 m 5.31 g/t 1.22 m 21.4 g/t
1.52 m 4.31 g/t 1.22 m 3.94 g/t
1.68 m 2.63 g/t
2
1.52 m 2.12 g/t
1.68 m 2.11 g/t
A total of 4 5 continuous chip samples and 10 rock samples were collected in late 2022 from five of the
eleven levels that comprise the Orleans Mine. Only eight of the 4 5 chip samples are considered
unmineralized, returning less than 0.2 g/t gold. The width of the chip samples was restricted by the size of
the workings and in most cases the vein extends beyond the sampled interval.
Initial surveys by GGL in 2022 has shown that historical mining did not remove all of the high -grade
mineralization in these shoots and that they remain open at depth. In addition, the vein fault is exposed in
the eastern-most working face of each level that was accessed, suggesting mineralization continues to the
east beyond the existing workings.
Historical records from the lower levels not yet accessed by GGL describe 35 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 1020 ft level that returned 7.97 opt (273.2 g/t) gold over 0.5 m.
3
4
At the Grand Central Mine, nine samples were collected from the 140’ level. The 140’ level is the only
level in this mine and comprises approximately 120 m of horizontal development.
Significant chips samples collected from the Grand Central Mine include 4.16 g/t gold over 1. 52 m, 1.45
g/t gold over 1.22 m, and 1.32 g/t gold over 1.22 m.
Multi-element results, including silver, are pending and will be released when they have been received and
reviewed.
Next Steps
The next phase of exploration at the Orleans Mine will focus on restoring access to the lower levels and
other areas of the mine not yet reached. Once complete, the mine shall be surveyed, mapped, and sampled
in detail. It is believed that the many of the existing drifts between the known shoots lie in the footwall of
the vein fault. Mapping will confirm the orientation and location of the vein fault to aid in the targeting of
underground drilling.
About the Orleans Mine
The Orleans Vein was discovered in 1908 and mined intermittently until 1962. 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. Most of this production was from the Orleans
Mine.
5
It is estimated that there is almost 4,200 m of horizontal development in the Orleans Mine, access ible via
the central Dunfee shaft. The workings are mostly open and dry to approximately 275 m vertically below
surface on the Orleans Vein (1020 ft level).
About Gold Point
The Gold Point Project is situated alongside the community of Gold Point, which is accessed by Highway
774. The Gold Point property totals 4,917 acres (19.9 km2) and consists of 257 lode claims and 7 patented
claims.
The property covers past -producing underground mines that explored along parts of four prominent vein
structures. These main structures are paralleled by several other lightly explored structures. The mines
operated intermittently from the 1880s to the early 1960s, producing gold and silver from mesothermal
veins. The mineralization is strongly oxidized to the bottom of the workings, which reached a maximum
depth of 1,020 ft (311 m) downdip.
Analytical Procedure and Qualified Person
Sample preparation and gold analysis was performed by ALS Minerals in Reno, Nevada . Gold was
analyzed by fire assay followed by atomic absorption (Au-AA26).
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, 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
“W. Douglas Eaton”
Doug Eaton
CEO 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
Corporate Information
6
Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
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 genera lly,
but not always, identified by the words “evaluate”, “potential”, “likely”, “possible”, “cut-off grades” and
similar expressions, or that events or conditions “may”, “could” or “will” occur. GGL cautions that all
forward-looking statements are inherent ly 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 result s 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 addition al 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.sedar.com. Accordingly, ac tual 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.