GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) (FRA:3SR) reported encouraging exploration results from its flagship Gold Drop property in British Columbia, where two new quartz veins - Perky and Lively - have been unearthed.
Seven rock samples were collected from the Perky vein, of which one was a grab sample and six were channel samples. The grab sample contained visible gold and assayed 47.6 grams per tonne (g/t) gold.
READ: GGX Gold reports encouraging high-grade results from a sampling program at its flagship Gold Drop property
The average grade of the channel samples is 22.7 g/t gold, 107.6 g/t silver and 67 g/t tellurium over a sampled length of 10.3 metres (m), the firm said.
The Perky vein was exposed over a strike of 13.8m, while the Lively vein was exposed over 29.5m. Both are in the COD West area.
At Lively, where ten channel samples were taken, assays for gold ranged from 0.13 to 6.94 g/t, while the average was 1.89 g/t gold.
"The newly discovered Perky vein assay results are considered very significant and as such, further exploration work is planned. Drilling is scheduled in the coming weeks. The Lively vein is gold bearing and will be drill-tested at depth for increases in grade or width," said GGX in the statement.
The Gold Drop property was mined intermittently from 1919 to the 1980s. Historical production amounted to 7,572 tonnes at an average grade of 5.2 g/t of gold and 93.4 g/t of silver, with the majority of production coming before 1942.
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