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GGX Gold completes first 3 diamond drill holes of 2018 fall program on Gold Drop Property in southern BC

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The program is targeting the gold bearing COD Vein, located in the Gold Drop Southwest Zone, focusing on the area of previous high-grade drill intercepts.

Additional Information:

Company: GGX Gold
Website: http://www.ggxgold.com
Stock Symbol: TSXV: GGX
Date Published: Nov 6, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

GGX Gold has completed the initial 3 drill holes of the fall 2018 diamond drill program currently underway on the Gold Drop Property.

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

The program is targeting the gold bearing COD Vein, located in the Gold Drop Southwest Zone, focusing on the area of previous high-grade drill intercepts.

Two of the southernmost holes from the summer 2018 program include hole COD18-45 which intersected 50.1 grams per tonne gold, 375 grams per tonne silver over a 2.05 meter core length, including 167.5 grams per tonne gold, 1,370 grams per tonne silver and more than 500 grams per tonne tellurium over a 0.46 meter core length.

Hole COD18-46 intersected 54.9 grams per tonne gold and 379 grams per tonne silver over a 1.47 meter core length, including 223 grams per tonne gold, 1,535 grams per tonne silver and more than 500 grams per tonne tellurium over a 0.30 meter core length.

Both these holes are approximately 160 meters southwest of the area of 2017 trenching at the COD Vein and approximately 220 meters southwest of drill hole COD17-14 which intersected 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.

Further holes are planned to test for the vein to the south of these intercepts.

The majority of the drill holes earlier this year tested the COD Vein with significant levels of gold, silver and tellurium intersected in numerous holes as reported in previous news releases.

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 shares are trading at $0.07.

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