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GGX Gold provides exploration update on Gold Drop property in the Greenwood Mining Camp of south-central British Columbia

The group said that diamond drilling is now commencing on the Perky vein, a new discovery vein, where promising assay results were obtained from surface trenching this year

GGX Gold Corp. -
GGX said drilling will initially test the vein at shallow depths beneath the surface trench and then follow the structure to increasing depths and along strike

GGX Gold Corp. (CVE:GGX) (OTCQB:GGXXF) (FRA:3SR2) has provided an exploration update on its program at the Gold Drop property in the Greenwood Mining Camp of south-central British Columbia.

The group said that diamond drilling is now commencing on the Perky vein, a new discovery vein, where promising assay results were obtained from surface trenching this year.

As previously reported, the company said grab and channel sample results ranged up to 54.0 grams per tonne gold, 303 grams per tonne silver and 397 grams per tonne tellurium. Channel samples assays averaged 22.7 grams per tonne gold, 107.6 grams per tonne silver and 67.0 grams per tonnes tellurium over a sampled length of 10.3 metres.

READ: GGX Gold set for further exploration at Gold Drop after discovery of Perky and Lively veins

The Perky vein is a parallel structure to the C.O.D. vein, where most of the drilling has been completed on the property to date. It is located 200 metres west of C.O.D., is vertically dipping, strikes northwest and is exposed over a strike length of 13.8 metres with an average width of 0.44 metres.

GGX said drilling will initially test the vein at shallow depths beneath the surface trench and then follow the structure to increasing depths and along strike.

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.

Contact the author at jon.hopkins@proactiveinvestors.com

 

 

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Price: 0.14 CAD

TSX-V:GGX
Market: TSX-V
Market Cap: $4.28 m
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GGX Gold going Star Wars to model their flagship property Gold Drop

GGX Gold Corp (CVE:GGX-OTCQB: GGXXF) President George Sookochoff joined Steve Darling in the Vancouver studio of Proactive Investors to discuss the company drilling a high-priority geophysical target at its Gold Drop property in the Greenwood mining camp. Sookochoff talked about the...

on 4/7/19

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