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GGX Gold (TSXV:GGX) reports impressive gold/silver results over 3.4 meters in BC

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

Additional Information:

Company: GGX Gold
Website: http://www.ggxgold.com
Stock Symbol: TSXV: GR
Date Published: Aug 1, 2018
Transcript: Available

Video Transcript:

I’m Megan Edwards 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 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 COD18-34 through COD18-36 which tested the continuation of the COD Vein south-southwest of the 2017 trench.

A highlight from these results is an intersection of 6.16 grams per tonne gold, 72.4 grams per tonne silver and 31.0 grams per tonne tellurium over a 3.41 meter core length in hole COD18-34.

This gold-bearing interval, consisting of quartz veins and altered granodiorite, from hole COD18-34 is located at approximately 25 meter vertical depth and approximately 115 meters southwest of the area of 2017 trenching.

COD18-34 is located approximately 180 meters southwest of hole COD17-14 which intersected the 4.59 grams per tonne gold over 16.03 meters, including 10.96 grams per tonne gold over 5.97 meters.

The highlight of the 2018 drilling program to date is 14.62 grams per tonne gold, 150.2 grams per tonne silver and 102.0 grams per tonne tellurium over a 2.1 meter core length in hole COD18-3 at the COD Vein.

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.

The results listed in this table are highlights from holes COD18-34 to COD18-36.

Since true widths cannot be accurately determined from the information available the core lengths were reported.

The shares are trading at $0.135.

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 Megan Edwards for Investmentpitch Media