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GGL Resources Corp. Announces Plans to Advance Gold Point and provides Corporate Update

April 9, 2025


Vancouver, BC – April 9, 2025 – GGL Resources Corp. (TSX-V: GGL) (“GGL” or the “Company”) is pleased to announce its exploration plans for its Gold Point Project located in Nevada.  The Company is primarily focused on rapidly advancing exploration of the large, high-grade gold system at Gold Point.  

2025 Field Work Plans

“After a site visit to Gold Point last weekend, we decided that an orientation geophysics survey was in order to vector in on the large vein-fault structures that  are projected to extend under shallow alluvial cover to the west,” remarked John Gilbert, GGL CEO.  He further adds “This survey aims to quickly and cost-effectively focus a follow-up, more advanced geophysical survey to generate further targets for future drilling.”

GGL is planning to mobilize a field crew in the coming week to initiate 2025 exploration.  The program shall comprise a ground-based VLF survey to evaluate the on-strike potential of the vein system beneath alluvial cover.  This survey aims to quickly and efficiently delineate the steep-dipping structures that may host further gold mineralization under cover and on trend.  Known high-priority target zones lie to the east and west of the historical workings and outcropping vein exposures at Gold Point — all within a greater, untested 6+ km  exploration fairway.

No modern day or historical exploration is known to have adequately evaluated the veins under cover within this exploration fairway.  Approximately 70% of the Gold Point Property lies beneath alluvial cover.

To the east, the target area extends under cover from the Orleans Mine for over 1.7 km to the Hornsilver American shaft which has yielded multiple high-grade samples including 13.7 g/t gold.  Recent sampling by GGL in 2024 (see news release dated March 20, 2024) has shown that the vein system also extends westward along this structural corridor, which remains open on strike.  Samples collected here have consistently yielded high-grade results, including a chip sample with 50.3 g/t gold over 15 cm, and grab samples returning 43.8 g/t and 41.3 g/t gold.  These results are particularly significant as they were all collected at the furthest westward extent of outcropping veins, whereby alluvial cover obscures potential continued mineralization on strike.  


Permitting

In August 2024, GGL completed its consolidation of the Lime Point Patented claims and now owns 100% of these claims.  The Lime Point Patents comprise four individual patented claims covering 44.7 acres and host the past producing Lime Point Mine.

A Right of Way (“ROW”) permit is being prepared and will be submitted to the Bureau of Land Management (“BLM”) in the coming month.  The ROW permit will allow GGL to establish and maintain road and power access to the Lime Point patented claims that will support future exploration and further advance the project.


Le Champ Copper Porphyry Target

GGL optioned the Le Champ copper-molybdenum-gold porphyry target to Teck American Incorporated (“Teck”), a subsidiary of Teck Resources Limited, in September 2024.  Teck recently provided GGL with an update on exploration activities at the Le Champ porphyry target (See news release dated March 3, 2025). The drill program is scheduled to commence early Q2, 2025.

 

Qualified Person

Technical information in this news release pertaining to the Gold Point Project 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.

Gold analyses were completed by ALS Minerals of Reno, Nevada by 50 g Fire Assay (Au-AA26).

 

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, as 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 Columbia. 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

“John Gilbert”

Chief Executive Officer 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
rdrechsler@strategicmetalsltd.com
 
Corporate Information

Linda Knight
Corporate Secretary
Tel: (604) 688-0546
info@gglresourcescorp.com

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 generally, but not always, identified by the words “succeed”, “advance”, “exploration fairway”, “structural corridor” 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 metallurgical 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.

 

 

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