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GGX Gold (TSXV:GGX) extension discovered of the Gold Drop Vein System south of underground workings

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The vein extension, discovered by the company through a combination of a 2017 soil geochemical survey and follow-up trenching during the 2018 summer exploration program, was exposed over a 20-meter length in a 2018 trench south of the Gold Drop underground workings.

Additional Information:

Company: GGX Gold
Website: http://www.ggxgold.com
Stock Symbol: TSXV: GGX
Date Published: Sep 20, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

GGX Gold has discovered an extension of the Gold Drop Vein System south of underground workings on its Gold Drop property.

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

The vein extension, discovered by the company through a combination of a 2017 soil geochemical survey and follow-up trenching during the 2018 summer exploration program, was exposed over a 20-meter length in a 2018 trench south of the Gold Drop underground workings.

The Gold Drop Vein System, located in the east region of the property, had been previously traced in underground workings for a strike length of approximately 160 meters.

It was explored and developed underground through drifts, shafts and two adits.

Although the area south of the Gold Drop Vein has seen historical exploration through numerous pits and hand trenches, the historical exploration failed to locate the southern extension of the Gold Drop Vein System.

In 2017 the company conducted a small soil geochemical sampling program south of the Gold Drop underground workings.

The program consisted of three short east-west soil lines spaced 25 apart with staggered 20-meter sample intervals.

A distinct linear gold anomaly was identified being approximately 50 meters long, trending approximately north-south and being approximately 50 to 100 meters south of the Gold Drop underground workings.

A trench, excavated during the 2018 summer exploration program across the anomaly, successfully located a quartz vein, which has so far been traced for 20 meters.

The vein, which trends approximately north-south, pinches and swells within the trench exposure with measured widths of approximately 0.6 meters to approximately 2 meters.

The vein was observed to be sporadically mineralized with pyrite, chalcopyrite and trace amounts of galena.

Historic production from the Gold Drop Vein System is reported to be 335 tonnes mined during 1926-1988 (mainly during 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.

The company has conducted an extensive drill program at the Gold Drop property this year and has been issuing a steady flow of impressive drill results.

Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium.

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

The shares are trading at $0.095.

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