Update On The Le Champ Copper Porphyry Target

VANCOUVER - GGL Resources Corp. reported on the Le Champ copper-molybdenum-gold porphyry target at the road accessible Gold Point Project, Nevada optioned to Teck American Incorporated, a subsidiary of a leading Canadian resource company, Teck Resources Limited. 

Teck recently provided GGL with an update on exploration activities at the Le Champ porphyry target. A mapping program was executed in October 2024 that defined porphyry-style veining and alteration domains coincident with the IP chargeability and copper-molybdenum soil anomalies defined by GGL's previous work on the Le Champ porphyry target area.

A Notice of Intent (NOI) has been approved by the Bureau of Land Management (BLM) for construction of access roads and drill pads in support of a maiden drill program on the newly refined porphyry target areas. The drill program is scheduled to commence early Q2, 2025.

"GGL is excited to see Teck advance the Le Champ porphyry target with an in-depth, technically sound field program within only two months of signing the option agreement," states David Kelsch, President. "And now to be positioned to execute a maiden drill program within six months speaks to the caliber of work and the targets generated."

The broad IP chargeability/conductivity anomaly and copper-molybdenum soil anomalies defined by GGL's early generative field work correlate well with the key mapping criteria utilized by Teck to aid in drill hole targeting. The following mapped characteristics support the upper potassic alteration envelope hypothesis: 1) High density sheeted to stockwork EDM (chalcopyrite with biotite selvage) and B type (K-feldspar vein haloes) vein densities fringed by zones of D veins (phyllic). 2) Strong secondary biotite alteration. 3) Syn- to early-mineral intrusions or mineralized transitional igneous-hydrothermal breccias. 4) Elevated volume % oxide after sulfide estimates within zones of highest vein density. 5) Elevated ratios of glass limonite (interpreted as chalcopyrite) to other limonite species are concurrent with all the above mentioned potassic features. 6) Distribution and volume % estimate of oxide sites including goethite, hematite, jarosite, and glass limonite coincident with the IP chargeability anomaly are a possible indication of remnant hypogene sulphides (chalcopyrite, bornite/magnetite, and pyrite) in a pre-weathering environment.

An extensive geochronological (age dating) sampling program included U-Pb, Zircon geochronology to understand the relationships between the mapped pre-, post- and syn- intrusive phases identified at Le Champ.

The identification of two syn-mineral intrusive phases associated with hydrothermal alteration, mineralization and veining, the increase in secondary biotite and K-spar alteration proximal to known hydrothermal breccias and B-type veins, and the coincidence of classic D-type veins with sericite and clay alteration also supports the Le Champ porphyry copper target.