Underground Exploration Program At The Gold Point Project

VANCOUVER - GGL Resources Corp. announced high-grade silver results in addition to the previous high-grade gold results from the underground exploration program at the Gold Point Project in the Walker Lane Trend of Western Nevada. The Orleans Mine is the largest of the four former producers on the Gold Point Property. The 2022 work was able to access approximately 35% of the underground workings at the Orleans Mine.

The highest-grade silver values do not directly correlate with the highest-grade gold results. In most cases, the best silver grades are found within the hanging wall adjacent to the vein faults. These results are particularly encouraging as the historical workings are typically restricted to the footwall side of the vein fault and only extend significantly into the hanging-wall on the 300' Level. On this level of the workings, the mineralized vein is exposed over an area approximately 54 m long by 18 m wide and is still open to extension on all six sides.

Select highlights from this underground exploration program at the Orleans Mine include: 9.24 g/t gold with 646 g/t silver over 2.13 m from the 300' level; 0.49 g/t gold with 970 g/t silver over 1.52 m from the 300' level; 2.63 g/t gold with 634 g/t silver over 1.68 m from the 300' level; 61.8 g/t gold with 71 g/t silver over 1.38 m from the 300' level; 27.7 g/t gold with 63 g/t silver over 1.68 m from the 150' level; 21.4 g/t gold with 131 g/t silver over 1.22 m from the 800' level; and 18.4 g/t gold with 142 g/t silver over 1.52 m from the 600' level.

A total of 45 continuous chip samples and 10 rock samples were collected in Q4 2022 from five of the eleven levels that comprise the Orleans Mine. Only two of the 45 chip samples are considered un-mineralized, returning less than 0.3 g/t gold equivalent. 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.

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.

Initial surveys by GGL in 2022 have 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.

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 workings will be surveyed, mapped, and sampled in detail. It is believed that 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. It will also delineate cross faults that are believed to have created dilatant zones along the vein faults, which host the main mineralized shoots.