G50 (ASX:G50) said it has reported results from the first of five core holes drilled at its White Caps gold project in Nevada, with the results forming a follow-up to the inaugural 2025 drill program, according to a Monday Australian bourse filing.

The results were of up to 13.5 meters at 7.67 grams per tonne grade of gold and 2.38 g/t silver from 305.5 meters, including 3.93 meters at 23.95 g/t gold and 7.29 g/t silver from 305.5 meters.

The drill program is targeting Carlin-style gold mineralization hosted within decalcified and silicified limestone in an area of significant historical underground workings to 400 meters deep, with the program completed for a total of five holes across 2,220.10 meters, the filing added.

The drill program is also testing skarn and intrusion-related targets down-dip to the southwest of the Carlin-style targets, it added.