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GGX Gold’s Assays Return 23.5 gpt Gold and 437 gpt Silver at Amandy Mine at Gold Drop property near Greenwood, BC

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One of the surface rock chip grab samples, which consisted of rusty quartz vein material, returned significant results, with a value of 23.5 grams per tonne gold, 437 grams per tonne silver, 198 grams per tonne tellurium and 0.7% lead.

Additional Information:

Company: GGX Gold Corp.
Website: http://www.GGXgold.com
Stock Symbol: TSXV: GGX
Date Published: Oct 28, 2020
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

GGX Gold Corp. has received three prospecting samples from the Mt. Rhoderick Dhu area at its Gold Drop property.

The Gold Drop Property is located 3 kilometers north of Greenwood, in the Greenwood mining camp in southern British Columbia, one of the most prolific mining camps in Canada.

One of the surface rock chip grab samples, which consisted of rusty quartz vein material, returned significant results, with a value of 23.5 grams per tonne gold, 437 grams per tonne silver, 198 grams per tonne tellurium and 0.7% lead.

The sample was from the Amandy vein, situated 1.6 kilometres south-southwest from the summit of Mount Roderick Dhu, west of Jewel Lake, and 11 kilometres north-northeast from the town of Greenwood.

The vein, which consists of quartz alternately banded with host rock, was sampled at an historic inclined shaft and ranges up to 30 centimeters thick.

Mineralization consists of pyrite which is oxidized near surface, galena, sphalerite and local tellurides, possibly sylvanite.

The Amandy vein is northern trending, and roughly parallels the bedding/foliation planes of the host metasedimentary rocks, with the vein width ranging from a few centimetres to 3 metres, extending for short distances along strike and down-dip.

Historic development consists of open cuts, pits, shafts and a small amount of drifting.

Management was extremely encouraged with this recent exploration program at the Amandy and is currently submitting applications for trenching and drilling permits, with plans being drafted to start work immediately upon receipt of permits.

The shares are trading at $0.15.

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

I’m Cassandra Bolinski for Investmentpitch Media