G50 Corp Advances Golconda Drilling as Gallium and Precious Metals Surge
G50 Corp has initiated core drilling at its Golconda Project amid a sharp rise in gallium, gold, and silver prices, while preparing to drill at White Caps. The company’s upgrade to OTCQX aims to boost U.S. investor access, complemented by recent board changes.
- Core drilling commenced at Golconda targeting gold, silver, and gallium extensions
- White Caps drilling scheduled for Q1 2026 following exploration model refinement
- Gallium price surged 62.7%, gold and silver prices rose significantly in H2 2025
- G50 Corp upgraded to OTCQX Best Market enhancing U.S. investor accessibility
- Board refreshed with new chairman and independent director appointments
Exploration Momentum at Golconda
G50 Corp Limited has kicked off a six-hole core drilling program at its Golconda Project in Arizona, aiming to extend the footprint of its 2025 discovery of high-grade gold, silver, and gallium mineralisation. This drilling phase seeks to deepen understanding of the mineralised zones and test new targets along key vein structures within a historically productive mining district. The polymetallic nature of the deposit, including strategic gallium, positions Golconda as a compelling asset amid evolving market dynamics.
White Caps Drilling on the Horizon
Meanwhile, at the White Caps Project in Nevada, G50 has completed preparatory work and refined its exploration model to identify promising follow-up targets. Core drilling is slated to commence in the first quarter of 2026, signalling the company’s commitment to advancing its portfolio across multiple jurisdictions with potential for precious and strategic metals.
Market Tailwinds Boost Project Value
The timing of G50’s drilling programs coincides with a notable upswing in key metal prices. Gallium prices have soared by 62.7% since mid-2025, reaching approximately US$1,722.60 per kilogram, driven by supply constraints from China and inelastic demand from high-tech sectors. Gold and silver prices have also surged, with gold climbing around 40% and silver more than doubling in the latter half of 2025. These price movements underscore the strategic importance of G50’s polymetallic assets, enhancing the potential economic upside of its exploration efforts.
Enhanced U.S. Market Access via OTCQX
In a strategic move to broaden its investor base, G50 Corp upgraded its listing to the OTCQX Best Market in the United States. This upgrade facilitates greater transparency, liquidity, and accessibility for both institutional and retail investors in the U.S., potentially increasing trading volumes and market visibility. The OTCQX tier is reserved for companies meeting stringent financial and governance standards, reflecting G50’s commitment to robust compliance and investor relations.
Corporate and Financial Developments
Corporate governance has also evolved with the retirement of long-serving Chairman Rob Reynolds and the appointment of Ian Davies as the new Non-Executive Chairman, alongside the addition of independent director Craig Feebrey. These changes aim to strengthen board capabilities as G50 advances its exploration agenda. Financially, the company ended the quarter with a solid cash position of A$7.621 million and invested nearly A$1 million in exploration activities, maintaining a disciplined approach to capital deployment amid ongoing drilling programs.
Bottom Line?
As G50 Corp drills deeper into its polymetallic prospects, rising metal prices and enhanced U.S. market access set the stage for pivotal developments in 2026.
Questions in the middle?
- What initial assay results will emerge from the current Golconda core drilling program?
- How will the company’s option agreements at White Caps impact future ownership and development plans?
- To what extent will the OTCQX listing translate into increased U.S. investor participation and liquidity?
