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GGX Gold Reports Assays from holes 19 to 27 at Gold Drop Property in the Greenwood Camp in BC

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The Gold Drop Property is located in the Greenwood mining camp in southern British Columbia, one of the most prolific mining camps in Canada.

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Company: GGX Gold
Website: http://www.ggxgold.com
Stock Symbol: TSXV: GGX
Date Published: Oct 29, 2019
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

GGX Gold has reported additional assay results from this year’s drill program at its Gold Drop property.

The Gold Drop Property is located in the Greenwood mining camp in southern British Columbia, one of the most prolific mining camps in Canada.

From the start of the season in Mid-April to September 26th, a total of 2,486 meters have been drilled in 49 holes on the main C.O.D. vein and an additional 705 meters were drilled in 10 holes on the C.O.D. North vein and one hole on the Everest vein.

Significant assays results were obtained in four of the nine holes from the C.O.D. vein, with the weighted average grades shown in this table.

Hole COD19-19, at the C.O.D. main vein, reported 17 grams per tonne gold, 179 grams per tonne silver, and 131 parts per million tellurium over 4.13 meters at a depth of only 20 meters.

Hole COD19-23 reported 33 grams per tonne gold, 331 grams per tonne silver, and 179 parts per million tellurium over 5.5 meters at a depth of only 21 meters.

For more detailed results, please refer to today’s new release by Great Atlantic.

The drilling was done above, below and along strike of the best intercepts from 2018, and the results add to the list of mineralized intercepts obtained last year.

These results continue to confirm the presence of potentially economic mineralization in the C.O.D. vein at the Gold Drop property.

The company has moved the drill rig to test a new deep geophysical anomaly previously announced in July, that was identified by previous Stargate II surveys performed by Earth Science Services Corporation of Oshawa, Ontario (ESSCO) (www.earthscienceservices.ca) over the Republic Graben trend in Washington and British Columbia.

The anomaly is interpreted as a pipe-like structure that measures 1,834 by 1,377 meters, with a target zone at depths between 500 and 800 meters.

A drill is setup on the first of three sites with three drill holes planned to test this anomaly at different directions from the separate locations.

The target is a porphyry-type copper gold deposit.

The anomaly is located at the intersection of corridors identified as "conduit-fault-structural traces".

The shares are trading at $0.155.

For more information, please visit the company’s website at www.ggxgold.com, contact Barry Brown, President, at 604-488-3900 or email office@ggxgold.com

For Investor Relations contact Jack Singh at 604-720-6598 or email at ir@ggxgold.com.

I’m Megan Edwards for Investmentpitch Media