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GGX Gold Drill Core Returns Tellurium as High as 3,860 Grams Per Tonne in Southern British Columbia

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The tellurium results are re-analyses of drill core samples from drill holes COD18-67 and COD18-70 which initially exceeded the upper 500 grams per tonne analytical limit for tellurium.

Additional Information:

Company: GGX Gold Corp
Website: http://www.ggxgold.com
Stock Symbol: TSXV: GGX
Transcript: Available

Video Transcript:

I’m Nadika Vizzy for Investmentpitch Media

GGX Gold has received tellurium results for select drill core samples from the Fall 2018 diamond drill program at the gold Drop Property.

The Fall 2018 drill program tested the COD Vein, located in the Gold Drop Southwest Zone of the Gold Drop Property in southern British Columbia.

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 tellurium results are re-analyses of drill core samples from drill holes COD18-67 and COD18-70 which initially exceeded the upper 500 grams per tonne analytical limit for tellurium.

As a result, the tellurium weighted average grade for these intersections could not be determined from initial analysis.

Highlights of the intersections from the 2017 and 2018 diamond drill holes at the COD vein are listed in this table.

These new analytical results confirm high grade tellurium within the high-grade gold and silver intersections

For drill hole COD18-67, the near-surface 7.28 meter core length interval from 23.19 to 30.47 meters graded 823.4 grams per tonne tellurium.

For drill hole COD18-70, the near-surface 6.90 meter core length interval from 22.57 to 29.47 meters graded 640.5 grams per tonne tellurium.

Fourteen drill core samples from the high-grade gold and silver intersections of drill holes COD-18-67 and COD-18-70 returned greater than the upper analytical limit of 500 grams per tonne for tellurium during initial analysis.

The 14 drill samples are shown in this table.

Tellurium is one of the rarest elements on earth.

Most of the world’s tellurium comes from copper refining, although the United States Geological Survey (USGS) has noted that, due to declining copper grades worldwide, “New copper recovery processes…are being considered for implementation, but these methods do not recover tellurium. As a result, alternative sources for this critical element must be considered.”

According to a 2017 “Critical Mineral Resources” report by the United States Geological Survey, epithermal vein deposits with tellurium may offer a viable alternative for future tellurium needs.

Today cadmium telluride is the most preferred material for thin film solar, which represents the second-most utilized solar cell material in the world behind silicon.

This rapid deployment of thin film technology is forecast to generate steady growth in the demand for tellurium, as thin film manufacturing consumes approximately 40% of the world’s tellurium supply.

This is supported by a report by Global Market Insights which stated: “The market for thin film solar panels is expected to grow from a current value of US$8 billion to over US$30 billion by 2024.”

In addition to thin film solar technology, growth in tellurium demand is expected to come from emerging technologies such as phase-change memory, next-generation batteries and tellurium nanoparticles used in water desalination.

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 Nadika Vizzy for Investmentpitch Media