GGL Identifies a 1.8 km by 1 km Induced Polarization Anomaly at the Le Champ Copper-Molybdenum-Gold Porphyry Target, Gold Point Project, Nevada

VANCOUVER, BC / ACCESSWIRE / April 10, 2024 / GGL Resources Corp. (TSXV:GGL) ("GGL" or the "Company") is pleased to announce the results of an Induced Polarization/Resistivity survey (the "survey") at the road-accessible Le Champ copper-molybdenum-gold porphyry target, on its 100% owned West Gold Point Project in the Walker Lane Trend of Western Nevada.

A large and discrete Induced Polarization ("IP") anomaly that was traced across seven of the nine survey lines begins between 150 m and 300 m below surface and extends to depth. The significance of this approximately 1.8 km by 1 km IP anomaly (Figure 1) is bolstered by its close correlation with magnetic features and related anomalous copper, molybdenum, and gold-in-soil geochemistry.

Foto: Accesswire

This IP target coincides with a strong magnetic anomaly identified by an earlier airborne magnetic and radiometric survey completed by GGL (see news release date July 12, 2023). Figure 2 illustrates the intensity of the coincident IP and magnetic anomalies approximately 300 m below surface.

Foto: Accesswire

The coincident IP and magnetic anomalies with supportive geochemistry and geology are indicative of a large, yet untested copper-molybdenum-gold porphyry system. The IP anomaly is interpreted to be caused by metallic sulphide minerals forming a shell around the contact between different intrusive phases. The resistivity high, shown on Figure 3, is thought to represent the intrusion hosted potassic core of the system.

Geological mapping at Le Champ has identified six separate intrusive phases within the Sylvania Plutonic Complex hosting extensive stockwork and sheeted vein zones. The strongest molybdenum-in-soil anomalies are associated with the stockwork zones. Copper-in-soil geochemistry marking the porphyry target is moderately elevated due to deep weathering and leaching, which occurs throughout the target area. The strongest copper-in-soil values occur near shallowly south-dipping fault structures and stockwork zones.

The survey, conducted by Zonge International, comprised nine lines, each 5.4 km long and spaced 300 m apart, totaling 48.6 line-km. Dipoles were spaced 300 m apart along the lines. The survey was centered over areas with abundant stockwork veining and silica alteration, which were identified by recent mapping at Le Champ. The stockworks and alteration are believed to mark the upper levels of a buried porphyry system. Strongly elevated molybdenum values and moderate copper results are consistent with a leached porphyry system and suggest that supergene-enriched mineralization could be found at depth.