GGX Gold continues to receive encouraging results from flagship Gold Drop project in British Columbia
Last updated: 08:46 28 Mar 2022 EDT, First published: 10:00 26 Nov 2021 EST
Snapshot
- GGX Gold launches review of drill targets at Gold Drop property with focus on critical mineral tellurium
About the company
GGX Gold Corp's Gold Drop property in situated in one of the most prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp. The current 2019 drill program is following up on the 2018 drilling which intercepted high grade gold-silver results (129 g/t gold and 1,154 g/t silver over 7.28 meters) from the near surface COD vein which is projected to be 1.5 km in length. In addition tellurium grades were announced with up to 3,860 g/t tellurium, including 823 g/t tellurium over 7.28-meter core length and 640 g/t tellurium over 6.90-meter core length.
How it is doing
GGX Gold Corp. (TSX-V:GGX) said it has initiated a review of targets at its Gold Drop property in the Greenwood Mining Camp of British Columbia.
The review is focused on tellurium-enriched gold veins. Tellurium is on Canada's list of 31 critical minerals, with applications in solar power and thermoelectric devices.
"Critical minerals are essential to powering the clean energy transition to a low-carbon and digitalized economy,” GGX Gold CEO Barry Brown said in a statement. “Current projections for significantly increased demand of critical minerals are far overwhelming current supply.”
He added: “Canada has made it a priority to foster domestic critical mineral exploration, and GGX Gold Corp will endeavor to take full advantage of the opportunity that lies ahead with a focus on tellurium as well as gold."
GGX Gold Corp. (TSX-V:GGX) has announced plans for the 2022 exploration program at its 100%-owned Gold Drop property in the Greenwood Mining Camp in British Columbia.
The company said a surface drill program consisting of up to 2,000 meters (m) is being scheduled to commence in April on the property. Drilling is now being planned at the North Star mine and Gold Drop mine areas, Highland Valley vein, and Ken vein.
GGX Gold Corp. (TSX-V:GGX) has announced the appointment of financial services industry veteran Quinn Field-Dyte as the company's interim president.
The company noted that Field-Dyte is a seasoned executive having been in the financial services industry for over 20 years. He has led financings of hundreds of millions of dollars in public and private markets and specialized in mergers and acquisitions.