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GGX Gold (TSXV: GGX) Announced Additional Drill Core Results from its Phase II Drill Program at the Gold Drop Property

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The second phase of the program aimed at further exploring and defining the gold and silver bearing C.O.D. Vein, a Dentonia/Jewel style quartz vein located in the Gold Drop Southwest Zone, previously exposed on surface during the 2017 field season.

Additional Information:

Company: GGX Gold
Website: http://www.ggxgold.com
Stock Symbol: TSXV: GGX)
Date Published: Oct 25, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

GGX Gold announced additional drill core results from its Phase II diamond drilling program at its Gold Drop Property.

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

The second phase of the program aimed at further exploring and defining the gold and silver bearing C.O.D. Vein, a Dentonia/Jewel style quartz vein located in the Gold Drop Southwest Zone, previously exposed on surface during the 2017 field season.

Trenching during 2017 exposed the northeast – southwest striking C.O.D. Vein for more than 160 metres in strike length.

The Phase II program consisted of 12 holes totalling 690 metres, aimed to delineate the C.O.D. vein from 2 pad locations, in the northern extent of the trench, 100 and 160 metres north of the C.O.D. mine shaft.

The first batch of 2017 drill core samples for the C.O.D. Vein returned up to 24.1 grams per tonne gold and 192 grams per tonne silver over 0.48 metres from hole COD17-3.

The second batch of drill core samples also returned significant gold and silver values including a broad intersection in Hole COD17-14 grading 4.59 grams per tonne gold and 38.64 grams per tonne silver over 16.03 metres core length with a high grade core grading 10.96 grams per tonne gold and 89.86 grams per tonne silver over 5.97 metres of core length.

The company also previously released assays from 68 trench channel samples at the C.O.D. Vein, with values as high as 43.2 grams per tonne gold and 224 grams per tonne silver.

The core samples collected from Holes COD17-21 to COD17-27 were from select intervals, testing the C.O.D. Vein and intervals of host rock, including some low grade mineralized host rock.

Hole COD17-26, located at the northern-most pad assayed 3.17 grams per tonne gold and 40.1 grams per tonne silver over 0.47 metres from a near surface vein just 8 metres below surface.

The sample of 1.52 grams per tonne gold and 15.35 grams per tonne silver from 0.71 metres at a depth of 47.67 metres from Hole COD17-25 was from quartz veins and altered host rock

This batch of analytical results continues to reveal intervals of low grade gold in the host rock.

The shares are trading at $0.15 and with 27.7 million shares outstanding, the company is capitalized at $4.2 million.

For more information, please visit the company’s website at 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