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GGX Gold reviews its 2018 exploration season at its Gold Drop Property in Southern British Columbia

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The 2018 diamond drill program focused on the C.O.D vein, which was first identified to be a target of interest in the spring of 2017.

Additional Information:

Company: GGX Gold Corp.
Website: http://www.ggxgold.com
Stock Symbol: TSXV: GGX
Date Published: Feb 27, 2019
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

GGX Gold has presented highlights of its 2018 exploration season on its Gold Drop Property

The Gold Drop Property is located 40 kilometres from Grand Forks, in southern British Columbia in the Greenwood District.

The Gold Drop Property covers 5,628 hectares of geologically prospective ground in the well-mineralized Greenwood District, and hosts 8 or more known low-sulfide, gold-bearing veins or vein systems.

These historical showings have had limited modern exploration.

Recently, the Greenwood area has had a renewed interest by major and junior companies exploring precious and base metals in the district.

The 2018 diamond drill program focused on the C.O.D vein, which was first identified to be a target of interest in the spring of 2017.

Following initial sampling of the vein the company conducted mechanical trenching and drilling.

The results of the 2017 program were encouraging and the company launched a winter drill program in 2018 to follow up on the 2017 drilling.

The company completed additional diamond drilling during the fall of 2018, completing a series of exploration holes south of the C.O.D trench, which intercepted the vein, successfully extending it by 160 meters.

During 2018 a total of 71 diamond drill holes were completed on the C.O.D vein structure and 19 diamond drill holes were completed on the Everest vein for a total of 5,616 meters of drilling.

The highlights of the program are COD18-67 that intersected 129 grams per tonne gold and 1,154 grams per tonne silver over a 7.28 meter core length and COD18-70 which intersected 107.5 grams per tonne gold and 880 grams per tonne silver over a 6.90 meter core length.

The highlights of the drilling are listed in this table.

Due to some tellurium drill core analyses being greater than the upper analytical limit of 500 grams per tonne, the weighted average value for tellurium could not be calculated for some intervals.

The 2018 trenching program was completed on targets located during the 2017 soil geochemical sampling program, which resulted in the significant discovery of the southern extension of the historic Gold Drop Vein.

Historic production from the Gold Drop Vein System is reported to be 335 tonnes mined during 1926-1988 (mainly between 1933-1941) with 5,020 grams of gold (14.99 grams per tonne gold) and 35,894 grams of silver (107.1 grams per tonne silver) recovered.

Grab samples collected from this vein during 2018 assayed up to 3.37 grams per tonne gold and 43.9 grams per tonne silver.

The company completed a thorough trenching program in the C.O.D North area, located approximately 600 meters to the north of the C.O.D drilling worksite.

Here the company conducted trenching on targets identified during the 2017 soil geochemical sampling program.

Several quartz vein outcroppings were located and sampled in the trenches.

The highlights include a grab sample of rusty quartz vein that assayed 15.45 grams per tonne gold, 159 grams per tonne silver and 114.5 grams per tonne tellurium; and a chip sample across a 40 centimeter wide northeast-southwest striking sub-vertical quartz vein, that assayed 21.7 grams per tonne gold, 216 grams per tonne silver and 149 grams per tonne tellurium.

Management was very pleased with the year’s results and is currently finalizing plans fore the 2019 field season.

The shares are trading at $0.105.

For more information, please visit the company’s website at www.ggxgold.com, contact Jack Singh, Investor Relations, at 604-720-6598, or by email at ir@ggxgold.com.

I’m Samantha Deutscher for Investmentpitch Media