White Caps
OVERVIEW
Drilled by Freeport McMoRan in 1982 – 1984
Gold and antimony discovery
Proximal to Scorpio Gold Corp’ Manhattan Gold Project
Located 15 kilometres south of Round Mountain Mine
Modern exploration defines 2 kilometre strike of anomalous Carlin style gold system
2025 RC drilling completed 12 holes totalling 1,385 metres
Peak drill intercept 3.5 percent antimony over 1.5 meters with associated gold and pathfinder elements
Multiple shallow gold zones confirmed including high grade and broader low grade mineralisation.
Location & Infrastructure
White Caps sits in the Manhattan District of Nye County, Nevada, immediately adjacent to and along strike (<2 km) of the past-producing Manhattan Gold Mine, now held by Scorpio Gold (TSXV: SGN), and approximately 20 km south of Kinross Gold’s operating Round Mountain mine, which has produced more than 15 million ounces of gold. The setting gives G50 access to established infrastructure, an experienced workforce and a region with world-class gold endowment and a supportive operating environment.
Figure 1. Location. G50 Corp’s White Caps (Nevada) and Golconda (Arizona) projects, southwest USA
Geology & Mineralisation
- Calc-silicate and skarn-altered rocks on the deeper mine dumps and in drill core
- Disseminated molybdenite and chalcopyrite within the skarn
- Disseminated magnetite through the clastic sedimentary rocks
- Rising gold grades with depth in the historic workings — a crosscut on the deepest level (~400 m / 1,300 ft) sampled 10 m at 94 g/t Au (Hughes, 1960)
- A ~1 km-long magnetic-high anomaly in G50’s aeromagnetic data, interpreted as a blind intrusion at depth
- The 2026 drilling is deliberately testing down-dip toward that magnetic anomaly.
Figure 2. White Caps project area, core-hole locations and simplified geology
2025 RC program highlights
| Hole | From (m) | Interval (m) | Au (g/t) | Other |
| WCRC25-003 | 67.0 | 22.9 | 0.92 | incl. 6 m mine cavity |
| WCRC25-007 | 74.7 | 6.1 | 1.58 | 1.1% Sb, 1.69 g/t Ag |
| WCRC25-010 | 28.9 | 10.7 | 0.46 | – |
| WCRC25-011 | 15.2 | 15.24 | 0.75 | – |
| Peak antimony | 77.7 | – | – | 3.5% Sb (35,000 ppm) |
2026 Core Drilling
G50’s 2026 program completed five core holes for 2,220.1 m, testing down-dip of the known limestone-hosted gold toward the interpreted blind intrusion. The first hole reported, WCD26-01, was collared roughly halfway between the historic Manhattan Consolidated shaft and the centre of the magnetic anomaly. It cut three calcareous units about 200 m down-dip of surface-mined mineralisation, with the high-grade intercept coming from the middle unit:
| Hole ID | From (m) | Interval (m) | Au (g/t) | Ag (g/t) |
| WCD26-01 | 305.50 | 13.50 | 7.67 | 2.38 |
| including | 305.50 | 3.93 | 23.95 | 7.29 |
- Grade — high-grade, deeply oxidised gold, with evidence of grade increasing closer to the interpreted blind intrusions.
- Geology — hosted within at least three separate decalcified, silicified calcareous units inside a dominantly clastic package.
- Pathfinders — arsenic and antimony with the decalcified limestone; molybdenum and chalcopyrite with skarn at depth.
- Magnetic signature — indicative of large, blind intrusions at depth — the primary driver of the system.
Figure 3. Cross-section through WCD26-01 showing the high-grade gold intercept and simplified geology
Next Steps
- Assays from the remaining four 2026 core holes (WCD26-02 to -05) expected within roughly two months.
- Detailed surface mapping and sampling east and west of the current drill area.
- Drill rig secured; planning underway for follow-up core drilling later in 2026, ahead of the northern winter.
- Final follow-up targets to be set once all current assays are received.
