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GGX Gold intersects 9.52 gpt gold and 118 gpt silver over 1.47 meters at Gold Drop Property, Southern BC

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The highlight from these results is an intersection of 9.52 grams per tonne gold, 118 grams per tonne silver, and 72 grams per tonne tellurium over a 1.47 meter core length in hole COD18-49, including 24.5 grams per tonne gold, 367 grams per tonne silver and 186 grams per tonne tellurium over a 0.30 meter core length.

Additional Information:

Company: GGX Gold
Website: http://www.ggxgold.com
Stock Symbol: TSXV: GGX
Date Published: Aug 30, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

GGX Gold has released additional results from the winter-spring diamond drilling program on the Gold Drop property.

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

The 2018 drilling program to date has been mainly focused on testing and defining the COD gold bearing Vein, a Dentonia/Jewel style quartz vein.

Trenching during 2017 exposed the northeast – southwest striking COD Vein for over a 160 meter strike length.

The latest 2018 results are from drill holes COD18-49 through COD18-51 which tested the continuation of the COD Vein south-southwest of the 2017 trench.

The highlight from these results is an intersection of 9.52 grams per tonne gold, 118 grams per tonne silver, and 72 grams per tonne tellurium over a 1.47 meter core length in hole COD18-49, including 24.5 grams per tonne gold, 367 grams per tonne silver and 186 grams per tonne tellurium over a 0.30 meter core length.

This interval of quartz veining and altered wall rock inclusions is at approximately is located at approximately 22 meters vertical depth and approximately 140 meters southwest of the area of 2017 trenching at the COD Vein.

Hole COD18-49 was drilled at a 45 degree dip to the northwest.

Holes COD18-45 and COD18-46, drilled from the same set-up but to the west, also intersected near-surface high grade gold identifying this area as having potential for high grade gold mineralization.

COD18-49 was drilled approximately 200 meters southwest of COD17-14 which intersected the 4.59 grams per tonne gold over a 16.03 meter core length, including 10.96 grams per tonne gold over a 5.97 meter core length

This map also includes some of the more significant drill intersections from 2017 and 2018.

The 2018 drilling program has also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite.

The Everest Vein was first discovered by company prospectors during 2017, when chip samples collected across the approximate 0.4 meter wide vein exposure returned up to 52.8 grams per tonne gold and 377 grams per tonne silver, while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 grams per tonne gold and 630 grams per tonne silver.

In addition to the gold discovered by the company at the COD and Everest Veins, gold mineralization is reported in quartz veins in the east and north regions of the property with some historic samples reported to exceed 1 ounce per ton gold.

The results listed in this table are highlights from holes COD18-49 to COD18-51 with intersections greater than one gram per tonne gold.

Since true widths cannot be accurately determined from the information available the core lengths were reported.
(TABLE for news release)

The shares are trading at $0.10.

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