Proactiveinvestors USA & Canada GGX Gold Corp. https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada GGX Gold Corp. RSS feed en Sat, 15 Jun 2019 22:32:02 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - GGX finalizes share consolidation ]]> https://ca.proactiveinvestors.com/companies/news/222011/ggx-finalizes-share-consolidation-222011.html GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) said has moved to consolidate the outstanding common shares of the company on a three to one basis, the firm said Wednesday.

GGX said its common shares will start trading on a consolidated basis on June 14, 2019. Following the change, there will be about 16,949,360 shares issued and outstanding.

READ: GGX Gold sees gold in core from latest drilling at Gold Drop project in BC

The firm said the consolidation would be on the basis of three pre-consolidation shares for one post-consolidation share.

The firm said under the terms of the proposed consolidation, no fractional shares will be issued and any fractional shares created as a result of the consolidation will be rounded up or down to the nearest whole number.

Last week, the firm announced it has now completed 20 diamond drill holes on the COD vein at the Gold Drop project in British Columbia since the exploration season began in mid-April. Ten of the holes hit the COD quartz vein at their target depths, of which eight were visibly mineralized with pyrite.

Shares of GGX were at C$0.07 on Wednesday.

Contact Katie Lewis at katie@proactiveinvestors.com

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Wed, 12 Jun 2019 19:38:00 -0400 https://ca.proactiveinvestors.com/companies/news/222011/ggx-finalizes-share-consolidation-222011.html
<![CDATA[News - GGX Gold sees gold in core from latest drilling at Gold Drop project in BC ]]> https://ca.proactiveinvestors.com/companies/news/221637/ggx-gold-sees-gold-in-core-from-latest-drilling-at-gold-drop-project-in-bc-221637.html GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) told investors it has now sunk 20 diamond drill holes on the COD vein at the Gold Drop project in British Columbia since the exploration season began in mid-April.

Ten of the holes hit the COD quartz vein at their target depths, of which eight were visibly mineralized with pyrite.

READ: GGX Gold proposes share consolidation

Two of the intercepts also contained possible telluride mineralization and one contained visible gold.

The aim of the rig was to carry out in-fill drilling on the vein to explore the vein between and below significant intercepts obtained last year.

Last year, significantly two holes hit near-surface, high-grade gold, silver and tellurium in a newly discovered southern extension of the vein. Highlight assays included 129 g/t (grams per ton) gold, 1,154 g/t silver and 823 g/t tellurium over 7.28 meters core length.

Further drilling planned

Further exploratory drilling is also being planned to further test the southern extension of the COD vein, on the Everest vein that was discovered in 2018, and on the COD North vein.

Another target is the Gold Drop mine, the firm said.

Consolidation ahead

Wednesday, GGX announced plans  for a share roll-back, consolidating its shares on a three-to-one basis (3:1).

The firm said it believed the move was necessary for new equity investment to finance continuing business activities and assist in overall marketing efforts.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Thu, 06 Jun 2019 07:35:00 -0400 https://ca.proactiveinvestors.com/companies/news/221637/ggx-gold-sees-gold-in-core-from-latest-drilling-at-gold-drop-project-in-bc-221637.html
<![CDATA[News - GGX Gold proposes share consolidation ]]> https://ca.proactiveinvestors.com/companies/news/221591/ggx-gold-proposes-share-consolidation-221591.html GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) said it is considering to consolidate the outstanding common shares of the company on a three to one basis, the firm said Wednesday. 

The firm said the consolidation would be on the basis of three pre-consolidation shares for one post-consolidation share. In a statement, the company said management and the board of directors believe the consolidation is necessary to facilitate new equity investment in the company to finance continuing business activities and assist in its overall marketing efforts. 

"The consolidation will not change a shareholder's proportionate ownership in the company or the rights of holders of shares," noted the firm in a statement. "Each share outstanding after the consolidation will be entitled to one vote and will be fully paid and non-assessable," adding there will be no name change in conjunction with the consolidation.

READ: GGX Gold mulls acquisition opportunities in British Columbia’s Greenwood mining camp

The firm said under the terms of the proposed consolidation, no fractional shares will be issued and any fractional shares created as a result of the consolidation will be rounded up or down to the nearest whole number.

The firm noted there are currently 50,848,081 shares issued and outstanding and following the change, there will be about 16,949,360 shares issued and outstanding.

The consolidation is subject to approval by the TSX Venture Exchange.

Shares of GGX were at C$0.08 on Wednesday. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Wed, 05 Jun 2019 17:56:00 -0400 https://ca.proactiveinvestors.com/companies/news/221591/ggx-gold-proposes-share-consolidation-221591.html
<![CDATA[News - GGX Gold mulls acquisition opportunities in British Columbia’s Greenwood mining camp ]]> https://ca.proactiveinvestors.com/companies/news/219826/ggx-gold-mulls-acquisition-opportunities-in-british-columbias-greenwood-mining-camp-219826.html GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) is considering expanding its presence in British Columbia’s Greenwood mining camp, according to a recent agreement signed with Golden Dawn Minerals.

The Vancouver-based company announced Tuesday that it has signed an exclusivity letter giving GGX a 60-day period to conduct due diligence on a possible acquisition in the province. GGX will investigate claim standings and exploration data and complete an independent third-party valuation of the Kettle River Claim Group.

Once the 60-day exclusivity period concludes, the gold company may look to negotiate an agreement with Golden Dawn Minerals for either all or part of the claim group, owned by Kettle River Resources, a private company of which Golden Dawn is the owner.

READ: GGX Gold appoints Greenwood mining camp veteran as president

The Kettle River grouping comprises of two separate claim blocks. One of the blocks, a nearly 10,300 hectare land package known as Phoenix, is directly adjacent to GGX’s Gold Drop property in southern BC.

The package houses the historic Phoenix mine, which formerly operated as an underground mine that produced over a million ounces of gold, 18 million ounces of silver and 575 million pounds of copper on and off since 1890.

As part of the evaluation process, GGX will be reviewing a recently compiled extensive digital database of the Phoenix claim block representing 120 years of geological and mining information, comprised of files, records, reports and maps, rock specimen samples, and a core storage library.

In its entirety the Greenwood mining camp has produced 1.4 million ounces of gold, 10 million ounces of silver and 700 million pounds of copper, making it one of the most prolific areas in Canada.

"As we continue to develop the Gold Drop property with its high grade gold, silver and tellurium veins we will now have an opportunity to significantly expand our land position in the prolific Greenwood mining camp,” said George Sookochoff, president of GGX Gold.

The team will be evaluating exploration data that has been recently compiled for the first time ever on the Phoenix claim block.

“I am confident the results of the review will be positive allowing us to negotiate and complete a Definitive Agreement,” Sookochoff said.

Shares of GGX rose 5.6% at C$0.10 in Toronto and traded at US$0.07 on OTC markets at Tuesday’s close.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Tue, 07 May 2019 16:33:00 -0400 https://ca.proactiveinvestors.com/companies/news/219826/ggx-gold-mulls-acquisition-opportunities-in-british-columbias-greenwood-mining-camp-219826.html
<![CDATA[News - GGX Gold appoints Greenwood mining camp veteran as president ]]> https://ca.proactiveinvestors.com/companies/news/219129/ggx-gold-appoints-greenwood-mining-camp-veteran-as-president-219129.html GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) announced that it has appointed George Sookochoff as president, it said on Thursday.

Sookochoff has over 35 years of experience in the junior mining sector providing consulting services surrounding project development, data analysis and digital marketing.

Previously, Sookochoff was the president and CEO of International PBX Ventures Ltd, a TSX Venture-listed company developing copper and gold projects in Chile. He has also served as a director for a number of junior mining companies.

READ: GGX Gold kicks off keenly anticipated spring diamond drilling at Gold Drop property

The new president is familiar with the Greenwood mining camp through his role as executive vice president of Golden Dawn Minerals, where he was responsible for the acquisition and analysis of exploration data in the camp.

"Throughout my long career in the junior mining sector and having worked on numerous exploration projects around the world it has always been my strong belief that the Greenwood mining camp, with its rich history in mining, still remains to be the one of the best exploration areas in the world,” said Sookochoff in a statement.

“I am both excited and honored to return to the Greenwood camp as President of GGX Gold Corp and to further advance and develop the very significant high-grade COD vein system along with the numerous other vein systems on the Gold Drop property.”

Interim president Barry Brown will remain as CEO at GGX Gold and has been appointed chairman of the board.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

 

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Thu, 25 Apr 2019 11:46:00 -0400 https://ca.proactiveinvestors.com/companies/news/219129/ggx-gold-appoints-greenwood-mining-camp-veteran-as-president-219129.html
<![CDATA[News - GGX Gold kicks off keenly anticipated spring diamond drilling at Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/218593/ggx-gold-kicks-off-keenly-anticipated-spring-diamond-drilling-at-gold-drop-property-218593.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) told investors it had kicked off its keenly awaited spring diamond drilling program on its Gold Drop property in Southern British Columbia.

The work will be at the so-called C.O.D vein, which is open along strike and at depth, and initially will be aimed at extending and in-filling the ore shoot of high-grade gold-silver-tellurium mineralization that was hit last year.

Following this, the Everest vein to the south, and the C.O.D. extension to the north will be drill-tested, said the Vancouver-based resource firm.

READ: GGX Gold set to start diamond drilling at Gold Drop in April

The C.O.D vein stands for "continuation of dentonia", while Dentonia is another gold-quartz vein in the camp that was mined in the past.

The C.O.D vein was first targeted by GGX in 2017.

Last year saw some exciting assays at C.O.D  and two holes intersected near-surface, high-grade gold, silver and tellurium in the southern extension of vein.

COD18-67 hit 129 grams per tonne (g/t) gold, 1,154 g/t silver and 823 g/t tellurium over 7.28 meters (m) while COD18-70 intersected 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90m.

Other notable assays from C.O.D have included 2.1m at 14.62 g/t gold; 150 g/t silver and 102 g/t tellurium.

No previous diamond drilling has been completed at the C.O.D. extension to the north and the 2018 trenching program here exposed numerous vein showings with grab samples up to 15.45 g/t gold, 159 g/t silver and 114.5 g/t tellurium.

Shares were unchanged at $0.095.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Mon, 15 Apr 2019 07:52:00 -0400 https://ca.proactiveinvestors.com/companies/news/218593/ggx-gold-kicks-off-keenly-anticipated-spring-diamond-drilling-at-gold-drop-property-218593.html
<![CDATA[News - GGX Gold talks tellurium: a critical mineral commodity ]]> https://ca.proactiveinvestors.com/companies/news/217470/ggx-gold-talks-tellurium-a-critical-mineral-commodity-217470.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) released an update Thursday, outlining more information about the critical mineral commodity, tellurium. 

The company recently announced that the re-examination of core from its Fall 2018 drill program at the Gold Drop project in British Columbia has confirmed high-grade tellurium.

READ: GGX Gold says re-analysis of Gold Drop core confirms high grade tellurium

Tellurium is on the list of 35 critical mineral commodities deemed critical to security and prosperity of the United States and there are pending tellurium shortages, due to traditional recovery methods becoming obsolete.

It's a chemical element with the symbol Te, and is a brittle, rare, silver-white metalloid. Tellurium (Te) is one of the rarest elements on earth and its production is a by-product of copper and gold mining. 

According to the US Geological Survey, tellurium's primary use is for manufacturing films essential to thin film photovoltaic solar cells. When alloyed with other elements, such as cadmium, tellurium forms a compound that exhibits enhanced electrical conductivity. A thin film can efficiently absorb sunlight and convert it into electricity.

Solar panels booming

The past decade has seen explosive growth in the production of thin-film solar panels.

According to Global Market Insights, thin film cadmium telluride solar panel production -- which today accounts for 40% of Tellurium consumption -- is expected to grow from US$8 billion in 2016 to over US$30 billion by 2024.

According to GGX, as the use of tellurium in thin-film solar applications grows, governments and industry have expressed concerns about the supply of tellurium to meet future demand.

Most of the world's tellurium comes from copper refining.

However, the United States Geological Survey (USGS) has noted that, due to declining copper grades worldwide, "New copper recovery processes are being considered for implementation, but these methods do not recover tellurium. As a result, alternative sources for this critical element must be considered."

Re-analysis of Gold Drop shows high-grade tellurium

GGX announced recently core from its Fall 2018 drill program at the Gold Drop project in BC confirmed high-grade tellurium

The tellurium results from two drill holes, COD18-67 and COD18-70 showed high-grade tellurium 

The re-examination showed COD18-67 hosted 129 g/t gold, 1154 g/t silver and 823 g/t tellurium over a 7.28-meter core length.

Meanwhile, COD18-70 showed 107 g/t gold, 880 g/t silver and 640 g/t tellurium over a 6.90-meter core length.

Contact Katie Lewis at katie@proactiveinvestors.com

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Thu, 28 Mar 2019 18:41:00 -0400 https://ca.proactiveinvestors.com/companies/news/217470/ggx-gold-talks-tellurium-a-critical-mineral-commodity-217470.html
<![CDATA[News - GGX Gold set to start diamond drilling at Gold Drop in April ]]> https://ca.proactiveinvestors.com/companies/news/216849/ggx-gold-set-to-start-diamond-drilling-at-gold-drop-in-april-216849.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) told investors it is preparing for this spring's diamond drilling program on the Gold Drop property in British Columbia, which is earmarked to begin in early April. It also announced a financing.

The spring program will focus on the COD vein, which lies in the southwest zone, further testing its southern extension.

READ: GGX Gold says re-analysis of Gold Drop core confirms high grade tellurium

The firm hit near-surface, high-grade gold, silver and tellurium in this part of the vein during last year's diamond drilling.

Highlights included 129 g/t (grams per ton) gold, 1,154 g/t silver and 823 g/t tellurium over a length of 7.28 meters. Another hole hit 107 g/t (grams per ton) gold, 880 g/t silver, and 640 g/t tellurium over a core length of 6.90 meters.

Other targets in the Gold Drop Southwest Zone include the COD north region, where no previous diamond drilling has been completed.

Trenching last year here showed numerous vein showings with grab samples up to 15.45 g/t (grams per ton) gold, 159 g/t silver and 114.5 g/t (grams per ton) tellurium.

Non-brokered placing

Also on Wednesday, GGX said it had arranged a non-brokered private placing of 4.2 million flow-through units at a price of C$0.12 each for gross proceeds of $504,000, to be used for continued exploration at Gold Drop.

Each flow-through unit consists of one share and one share purchase warrant. Each whole warrant allows the holder to buy, for 18 months, one additional non-flow-through common share  at C$0.15 per share.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Wed, 20 Mar 2019 08:54:00 -0400 https://ca.proactiveinvestors.com/companies/news/216849/ggx-gold-set-to-start-diamond-drilling-at-gold-drop-in-april-216849.html
<![CDATA[News - GGX Gold says re-analysis of Gold Drop core confirms high grade tellurium ]]> https://ca.proactiveinvestors.com/companies/news/216649/ggx-gold-says-re-analysis-of-gold-drop-core-confirms-high-grade-tellurium-216649.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) says the re-examination of core from its Fall 2018 drill program at the Gold Drop project in British Columbia has confirmed high-grade tellurium.

As reported earlier this month, the firm had planned to re-analyze select core samples. which were taken from the C.O.D. vein, which is in the Gold Drop Southwest Zone.

READ:  GGX Gold to re-examine drill core from Gold Drop for rare earth tellurium

The tellurium results from two drill holes, COD18-67 and COD18-70, initially exceeded the upper 500 grams per tonne (g/t) analytical limit for tellurium.

The re-examination has shown COD18-67  hosted 129 g/t gold, 1154 g/t silver and 823 g/t tellurium over a 7.28-meter core length.

Meanwhile, COD18-70 showed 107 g/t gold, 880 g/t silver and 640 g/t tellurium over a 6.90-meter core length.

In all, 14 drill core samples from the high-grade gold and silver intersections of drill holes COD18-67 and COD18-70 returned greater than the upper analytical limit of 500 g/t (grams per ton) for tellurium during initial analysis. The highest sample showed 3,860 g/t of tellurium. The lowest was 560 g/t.

Tellurium (Te) remains one of the rarest elements on earth and its production is a by-product of copper and gold mining.

Up to recently, the only use of tellurium has been alloying of other metals to increase the machinability of copper or to decrease the corrosive action of sulfuric acid on lead.

Solar panels

But it is now used increasingly in photovoltaic solar cells.

These solar cells are the forefront of solar power and such cells have the smallest carbon footprint and the shortest energy payback time of all solar cells.

Production of tellurium is limited, estimated at around 800 metric tonnes per year. According to the USGS (United States Geological Survey), total production in 2007 was 107 metric tonnes.

Shares in Toronto were unchanged at $0.10.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Mon, 18 Mar 2019 08:37:00 -0400 https://ca.proactiveinvestors.com/companies/news/216649/ggx-gold-says-re-analysis-of-gold-drop-core-confirms-high-grade-tellurium-216649.html
<![CDATA[News - GGX Gold to re-examine drill core from Gold Drop for rare earth tellurium ]]> https://ca.proactiveinvestors.com/companies/news/216011/ggx-gold-to-re-examine-drill-core-from-gold-drop-for-rare-earth-tellurium-216011.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) revealed that drill core from its Fall 2018 diamond drill program at the Gold Drop project in British Columbia will now be re-analyzed for tellurium.

Tellurium (Te) remains one of the rarest elements on earth and its production is a by-product of copper and gold mining.

READ: GGX Gold recaps last year's exploration highlights from Gold Drop project

As previously reported, GGX's 2018 program was conducted at the C.O.D. vein, which lies in the Gold Drop Southwest Zone and multiple samples returned high grades for gold and silver.

Notably, two holes exceeded the upper 500 grams per tonne (g/t) analytical limit for tellurium.

Samples from these holes returned 129 g/t (grams per ton) gold and 1154 g/t (grams per ton) silver over 7.28-meter core length.

Up to recently, the only use of tellurium has been alloying of other metals to increase the machinability of copper or to decrease the corrosive action of sulfuric acid on lead.

Solar panels

But it is now used increasingly in photovoltaic solar cells.

These solar cells are the forefront of solar power and such cells have the smallest carbon footprint and the shortest energy payback time of all solar cells.

Production of tellurium is limited, estimated to being around 800 metric tonnes per year. According to the USGS (United States Geological Survey), total production in 2007 was 107 metric tonnes.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Thu, 07 Mar 2019 07:54:00 -0500 https://ca.proactiveinvestors.com/companies/news/216011/ggx-gold-to-re-examine-drill-core-from-gold-drop-for-rare-earth-tellurium-216011.html
<![CDATA[News - GGX Gold Corp's latest drill assays point to potential for high grade shoot ]]> https://ca.proactiveinvestors.com/companies/news/212975/ggx-gold-corp-s-latest-drill-assays-point-to-potential-for-high-grade-shoot-212975.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) has posted more encouraging drill assays from its Gold Drop property in British Columbia, which included signs for the potential of a high-grade shoot.

Monday's assays come from the final four drill holes of the diamond drilling program carried out in November last year.

READ THE BIG PICTURE: GGX Gold Corp having busy year as drilling stepped up at most developed project, funds raised and technical team bolstered

One hole hit near-surface high-grade gold and silver with significant tellurium in the southwest part of the COD quartz vein. This intersection was, significantly, near high-grade intersections in three more holes, indicating a "high grade ore shoot", the Vancouver-based company said.

Highlights assays from the latest holes included 107.5 g/t (grams per ton) gold and 880 g/t silver over 6.90 meters core length. There were multiple samples greater than the upper 500 g/t analytical limit for tellurium, the company noted.

The November program comprised 11 holes and tested the southwest region of the COD vein in an area of high-grade gold and silver mineralization.

COD vein strikes northeast-southwest 

The COD vein, which strikes roughly northeast-southwest, lies within the Gold Drop Southwest Zone. Before last year, drill holes in this part of the COD vein also hit near-surface high-grade gold and silver mineralization.

In the past, gold and silver production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu vein systems.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Mon, 21 Jan 2019 07:52:00 -0500 https://ca.proactiveinvestors.com/companies/news/212975/ggx-gold-corp-s-latest-drill-assays-point-to-potential-for-high-grade-shoot-212975.html
<![CDATA[News - GGX Gold continues to find high grade gold at Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/212505/ggx-gold-continues-to-find-high-grade-gold-at-gold-drop-property-212505.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) has hit high grades at the COD vein on its Gold Drop property near Greenwood in Southern British Columbia.

The company has posted assays from three holes completed during November last year.

READ THE BIG PICTURE STORY: GGX Gold Corp having busy year as drilling stepped up at most developed project, funds raised and technical team bolstered

The mineralized COD vein system, which GGX has been focused on at the property, has been traced by drilling and/or trenching for around 400-metre strike length and is open to the northeast, at depth and possibly to the southwest.

One hole hit near-surface high-grade gold and silver with significant tellurium.

Assays in this hole were 129 grams per tonne (g/t) gold and 1,154 g/t (grams per ton) silver over 7.28 metres (m).

Another hole threw up 6.97 g/t gold and 46.8 g/t silver and 34.4 g/t telerium over 0.94m.

The program last November consisted of 11 diamond holes and tested the southwest region of the COD vein in an area of high-grade gold and silver mineralization.

The COD vein is located in the Gold Drop Southwest zone. Previous 2018 drill holes in this part of the COD vein hit near-surface high-grade gold and silver mineralization.

Highlights included 50.1 g/t gold and 375 g/t silver over 2.05 metres (including 167.5 g/t gold, 1,370 g/t silver and greater than 500 g/t tellurium over 0.46 metres.

"With each additional drill program, we are significantly improving the gold grade mineralization of the COD vein," said Barry Brown, the president of GGX Gold.

"We continue to expand the known strike length of the mineralized vein system, which remains open in several directions.

"With another new near-surface high-grade gold zone and increasing strike length, we are very satisfied with the results generated and optimistic on the gold potential of the Gold Drop project," he added.

Shares in GGX added 6.67% in Toronto, to stand at $0.08.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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Mon, 14 Jan 2019 07:51:00 -0500 https://ca.proactiveinvestors.com/companies/news/212505/ggx-gold-continues-to-find-high-grade-gold-at-gold-drop-property-212505.html
<![CDATA[News - GGX Gold reports drill results from Fall program at Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/212253/ggx-gold-reports-drill-results-from-fall-program-at-gold-drop-property-212253.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) has reported more drill results from the Gold Drop property near Greenwood in Southern British Columbia.

Among the highlight assays reported on Wednesday were 1.17 m (meters) of 28 g/t (grams per ton) of the yellow metal.

READ: GGX Gold completes Fall drill program at Gold Drop

The diamond drilling program completed at the end of November last year consisted of 11 drill holes, which targeted the gold-bearing COD vein, the focus being an area of previous high-grade gold drill intercepts.

Other highlight finds were 0.59m at 49.7 g/t of the yellow metal, and 1.38m at 5.29 g/t.

The COD vein system is open to the northeast and at depth and possibly open to the southwest, the company said.

Shares in Toronto were unchanged at $0.07.

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Wed, 09 Jan 2019 09:55:00 -0500 https://ca.proactiveinvestors.com/companies/news/212253/ggx-gold-reports-drill-results-from-fall-program-at-gold-drop-property-212253.html
<![CDATA[News - GGX Gold completes Fall drill program at Gold Drop ]]> https://ca.proactiveinvestors.com/companies/news/210059/ggx-gold-completes-fall-drill-program-at-gold-drop-210059.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) told investors it has completed this year's Fall diamond drill program at the Gold Drop property in southern British Columbia.

The program consisted of 11 diamond drill holes, which targeted the gold-bearing COD vein, and was focused on an area of previous high-grade gold drill intercepts, some of which were over 1 ounce per ton gold.

Highlight assays from the property, including from that vein, include:

50.1 g/t gold over 2.05 meters 54.9 g/t gold over 1.47 meters 4.59 g/t gold over 16.03 meters at the COD Vein

Also reported have been gold and silver-bearing quartz veins in multiple regions of the property with high-grade gold, the company said.

GGX Gold shares were unchanged at $0.055.

Contact Giles Gwinnett at giles@proactiveinvestors.com

Follow him on Twitter at @gile74

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Tue, 27 Nov 2018 12:08:00 -0500 https://ca.proactiveinvestors.com/companies/news/210059/ggx-gold-completes-fall-drill-program-at-gold-drop-210059.html
<![CDATA[News - GGX Gold completes four more holes at Gold Drop ]]> https://ca.proactiveinvestors.com/companies/news/209788/ggx-gold-completes-four-more-holes-at-gold-drop-209788.html GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) told investors it had completed another four holes at the Gold Drop property near Greenwood, British Columbia, as part of this year's Fall program.

The program is targeting the gold-bearing COD vein at the site, the focus is an area of previous high-grade gold drill intercepts.

Highlight results have included at the vein,  50.1 grams per tonne (g/t) gold over 2.05 metres, 54.9 grams per tonne (g/t) gold over 1.47 metres and 4.59 grams per tonne gold over 16.03 metres.

The current program is following up on results from previous 2018 diamond drilling at the southern extension of the COD vein.

The objective is to trace the gold mineralization at depth and along strike.

Additional holes are also planned to test the extension of the gold-bearing vein south of these high-grade intercepts outlined above.

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Thu, 22 Nov 2018 14:49:00 -0500 https://ca.proactiveinvestors.com/companies/news/209788/ggx-gold-completes-four-more-holes-at-gold-drop-209788.html
<![CDATA[News - GGX Gold shares surge as it hails positive results from this year's sampling and trenching at Gold Drop ]]> https://ca.proactiveinvestors.com/companies/news/209606/ggx-gold-shares-surge-as-it-hails-positive-results-from-this-year-s-sampling-and-trenching-at-gold-drop-209606.html Shares in GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) surged Tuesday as it reported assays from this year's trenching and sampling program on its Gold Drop property in British Columbia, which included a find of 15.45 grams per tonne (g/t) gold.

Other highlights from the COD North included 159 g/t silver Ag (silver) and 114.5 g/t tellurium.

READ: GGX Gold Corp having busy year as drilling stepped up at most developed project, funds raised and technical team bolstered

Another chip sample, which is 0.4 meters (m) long, showed 21.7 g/t gold, 216 g/t silver and 149 g/t tellurium, the resource group said.

The 2018 trenching program focused on the COD North worksite in the Gold Drop Southwest Zone and exposed several showings on the COD North quartz veins.

The program tested gold soil anomalies which were identified by GGX in 2017. The COD North worksite lies northeast of the COD vein worksite.

Gold Drop was mined intermittently from 1919 to the 1980s with historical production totaling 7,572 tonnes at an average grade of 5.2 grammes per tonne (g/t) of gold and 93.4 g/t of silver, with the majority of production prior to 1942.

The work being done currently is testing the COD vein in the Gold Drop Southwest Zone, following up on results from the 2018 winter-spring drill programme which tested the southern extension of the COD vein.

GGX Gold shares gained 10% to stand at $0.055.

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Tue, 20 Nov 2018 10:36:00 -0500 https://ca.proactiveinvestors.com/companies/news/209606/ggx-gold-shares-surge-as-it-hails-positive-results-from-this-year-s-sampling-and-trenching-at-gold-drop-209606.html
<![CDATA[News - GGX Gold Corp having busy year as drilling stepped up at most developed project, funds raised and technical team bolstered ]]> https://ca.proactiveinvestors.com/companies/news/209484/ggx-gold-corp-having-busy-year-as-drilling-stepped-up-at-most-developed-project-funds-raised-and-technical-team-bolstered-209484.html It has been a busy year for GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) as drilling was stepped up at its most developed project and it raised funds and bolstered its technical team to keep the programme advancing.

The Vancouver-based group recently completed the first three diamond drill holes of the 2018 programme at its Gold Drop property near Greenwood, British Columbia.

READ: GGX Gold publishes results of its winter drilling program at Gold Drop

Gold Drop was mined intermittently from 1919 to the 1980s with historical production totalling 7572 tonnes at an average grade of 5.2 grammes per tonne (g/t) of gold and 93.4 g/t of silver, with the majority of production prior to 1942.

The work being done currently is testing the COD vein in the Gold Drop Southwest Zone, following up on results from the 2018 winter-spring drill programme which tested the southern extension of the COD vein.

Two of the southernmost holes, COD18-45 and COD18-46, hit high-grade gold and this latest drilling is focusing on the area of these two holes.

The aim is to trace the gold mineralisation at depth and further holes are also planned to test for the vein to the south of these intercepts.

The Fall drill program aim was a follow up on the high-grade intersections in the COD Vein system seen specifically in the area of two earlier 2018 holes, one of which hit 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05 meter core length, including 167.5 g/t gold, 1,370 g/t silver and over 500 g/t tellurium over 0.46 meter core length

Previous drill highlights for 2017 and 2018 include 50.1 g/t (grams per ton) gold over 2.05 meters, 54.9 g/t gold over 1.47 meters and 4.59 g/t (grams per ton) gold over 16.03 meters at the COD vein.

Cash on tap

GGX has undertaken a number of cash raisings over the year to provide it with funds to continue the drill programme.

In July, GGX told closed the first and second tranches of a previously announced placing to raise gross proceeds of C$362,000. The resource company said then that it had sufficient funds to complete its planned summer exploration program on the Gold Drop property.

The group said a total of C$162,000 was raised for the first tranche and C$200,000 for the second tranche.

In June, a non-brokered private placement of eight million flow-through units at a price of C$0.12 per unit raised gross proceeds of C$960,000.

And back in May, GGX Gold raised C$480,000 via another non-brokered private placement of four million equity units also priced at C$0.12, with each equity unit consisting of one common share of the company and one share purchase warrant, which may be exercised for a period 36 months at a price of C$0.15 per share.

GGX said the funds raised will go towards progressing the company’s continued exploration work at Gold Drop project which is including diamond drilling and trenching. The funds are also to be used for general purposes.

Technical team bolstered

On the management front, GGX also bolstered its technical team at the Gold Drop project earlier this year, with the recruitment of geologist Robert A. Tilsley.

Tilsley has over 40 years’ experience in minerals exploration for various types of mineral deposits in North and South America and Africa.

The group pointed out that he has extensive exploration experience in the evaluation of auriferous quartz veins and extensive uranium exploration experience in the Athabasca Basin in Canada and in Niger.

GGX’s Toronto-listed shares raced up to C$0.13 each back in August on the back of news that one holes had an intercept of 50.1 g/t gold and 375 g/t silver over 2.05m (meter) core length.

However, as the company awaits further assay results from the drill programme, its stock has drifted back to trade currently at around C$0.06 each.

At the end of August, GGX shares trading on the OTCQB venture market were deemed  DTC eligible by the Depository Trust Company (DTC), which should increase liquidity.

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Mon, 19 Nov 2018 14:30:00 -0500 https://ca.proactiveinvestors.com/companies/news/209484/ggx-gold-corp-having-busy-year-as-drilling-stepped-up-at-most-developed-project-funds-raised-and-technical-team-bolstered-209484.html
<![CDATA[News - GGX Gold completes first three holes of Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/208659/ggx-gold-completes-first-three-holes-of-gold-drop-property-208659.html GGX Gold Corp (CVE:GGX) has completed the first three diamond drill holes of the 2018 programme at its Gold Drop property near Greenwood, British Columbia.

The work is testing the COD vein in the Gold Drop Southwest Zone.

READ: GGX Gold publishes results of its winter drilling program at Gold Drop

It is following up on results from the 2018 winter-spring drill programme which tested the southern extension of the COD vein.

Two of the southernmost holes, COD18-45 and COD18-46, hit high-grade gold and this latest drilling is focusing on the area of these two holes.

The aim is to trace the gold mineralisation at depth.

Further holes are also planned to test for the vein to the south of these intercepts.

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Tue, 06 Nov 2018 12:53:00 -0500 https://ca.proactiveinvestors.com/companies/news/208659/ggx-gold-completes-first-three-holes-of-gold-drop-property-208659.html
<![CDATA[News - GGX Gold kicks off fall drill program at Gold Drop ]]> https://ca.proactiveinvestors.com/companies/news/208165/ggx-gold-kicks-off-fall-drill-program-at-gold-drop-208165.html GGX Gold Corp (CVE:GGX) has kicked off this year's fall diamond drilling program on the Gold Drop property near Greenwood, British Columbia.

The work will focus on the gold bearing COD Vein, located in the Gold Drop Southwest Zone, the firm said.

The aim is to follow up on the high grade intersections in the COD Vein system, specifically in the area of two earlier 2018 holes, one of which hit 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05 meter core length, including 167.5 g/t gold, 1,370 g/t silver and over 500 g/t tellurium over 0.46 meter core length

Previous drill highlights for 2017 and 2018 include 50.1 g/t (grams per ton) gold over 2.05 meters, 54.9 g/t gold over 1.47 meters and 4.59 g/t (grams per ton) gold over 16.03 meters at  the COD vein.

GGX shares are unchanged in Toronto at $0.07.

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Tue, 30 Oct 2018 14:05:00 -0400 https://ca.proactiveinvestors.com/companies/news/208165/ggx-gold-kicks-off-fall-drill-program-at-gold-drop-208165.html
<![CDATA[News - GGX Gold publishes results of its winter drilling program at Gold Drop ]]> https://ca.proactiveinvestors.com/companies/news/207864/ggx-gold-publishes-results-of-its-winter-drilling-program-at-gold-drop-207864.html GGX Gold Corp (CVE:GGX) has received the remaining analytical results from its 2018 winter drilling program on the Gold Drop property, near Greenwood, British Columbia.

The results include those for drill holes COD18-55 to COD18-60, which tested the area of the COD vein, located in the Gold Drop south-west zone.

READ GGX Gold starts trenching program on Gold Drop property in southern British Columbia

Eight samples from these holes exceeded 1 gram per tonne (g/t) gold.

Highlights include:

Hole ID

From (metres)

To (metres)

Interval Length (metres)

Gold (g/t)

Silver (g/t)

Tellurium (g/t)

COD18-55

33.06

33.88

0.82

1

7.34

4.91

COD18-56

28.38

28.68

0.30

3.77

36.3

22.4

COD18-58

59.95

60.57

0.62

3.04

25.8

21.6

COD18-58

72.24

72.54

0.30

1.34

13.64

9.39

COD18-59

24.41

24.73

0.32

4.63

22.4

29

COD18-59

50.64

50.90

0.26

1.18

13.5

10.4

COD18-60

44.07

44.49

0.42

1.85

13.4

8.03

COD18-60

45.51

46.44

0.93

1.31

9.06

5.46


The 2018 drilling program also tested the continuity of the Everest vein, which is located south-west of the COD vein worksite.

The Everest vein 2018 drill holes are located roughly 350 to 800 metres south of the area of the 2017 and 2018 COD vein drill holes.

High gold intersections (core length) from the 2018 winter drill program at the Everest Vein include:

EVE18-5: 10.55 g/t gold (Au) over 0.45 metres

EVE18-12: 12.45 g/t Au over 0.85 metres

In addition to the gold discovered by the company at the COD and Everest veins, gold mineralization is reported in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in the northern region of the property.

High-grade gold has been reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins, GGX said.

Drill core from the 2018 winter program was geologically logged and sampled. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. 

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Thu, 25 Oct 2018 09:57:00 -0400 https://ca.proactiveinvestors.com/companies/news/207864/ggx-gold-publishes-results-of-its-winter-drilling-program-at-gold-drop-207864.html
<![CDATA[News - GGX Gold starts trenching program on Gold Drop property in southern British Columbia ]]> https://ca.proactiveinvestors.com/companies/news/207311/ggx-gold-starts-trenching-program-on-gold-drop-property-in-southern-british-columbia-207311.html GGX Gold Corp (CVE:GGX) has started the fall 2018 trenching program on the Gold Drop property near Greenwood in southern British Columbia to provide an accurate reading of gold mineralization in the area. 

Trenching is being conducted in the east region of the property in the area of gold-bearing veins. 

The focus of the program is the Silent Friend and Ken gold-bearing veins near the Gold Drop and North Star gold-and-silver bearing vein systems. The aim is to locate and trace the quartz veins in between the historical workings.

Most of the historic work and production have occurred at the Gold Drop and North Star vein systems. The 2017 prospecting program yielded significant results including 297 grams per tonne gold (g/t) and 1,290 g/t silver sampled in the dump pile quartz from what is believed to be the southern Silent Friend showing.

READ: GGX Gold discovers extension to Gold Drop vein system

Modern trenching has proven to be useful on the Gold Drop property by extending veins where historical trenches failed. An example is the recent discovery of the Gold Drop extension south of the historic workings.

Samples from a mine shaft dump pile north of this exposure assayed 6.98 g/t (grams per ton) gold and 38.6 g/t silver. Samples collected from a mine shaft to the south, speculated to be the Ken mine shaft, assayed 4.47 g/t gold and 23.0 g/t tonne silver

The visible gold in the Silent Friend dump pile showed 297 g/t gold and 1,290 g/t silver.

Gold and silver-bearing veins in various region of the property with recent and historic samples exceed one ounce per ton of gold. Positive results from recent drilling the COD and Everest gold-bearing veins include intersections of 50.1 g/t gold over 2.05 meters and 54.9 g/t gold over 1.47 meter.

The property borders the town of Greenwodd, British Columbia. Several mills in the district are within trucking distance of the property.

GGX Gold is a gold exploration company.

Reporting by Rene Pastor, contactable on rene.pastor@proactiveinvestors.com

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Wed, 17 Oct 2018 14:06:00 -0400 https://ca.proactiveinvestors.com/companies/news/207311/ggx-gold-starts-trenching-program-on-gold-drop-property-in-southern-british-columbia-207311.html
<![CDATA[News - GGX Gold discovers extension to Gold Drop vein system ]]> https://ca.proactiveinvestors.com/companies/news/205343/ggx-gold-discovers-extension-to-gold-drop-vein-system-205343.html GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) reported on more details of exploration at its Gold Drop property in British Columbia, where it discovered an extension of the geological vein system.

The extension was discovered via a combination of a 2017 soil geochemical survey and follow-up trenching during the 2018 summer exploration programme.

READ: GGX Gold unveils more gold assays from British Columbia property

A quartz vein was exposed over a 20-metre length in a 2018 trench south of the Gold Drop underground workings.

Historic production from this vein system is reported to be 335 tonnes, produced during 1926 to 1988 (mainly during 1933 to 1941) with 5,020 grams of gold (14.99 grams per tonne (g/t) gold) and 35,894 grams of silver (107.1 g/t silver) recovered.

The Gold Drop vein system, in the east region of the property, had previously been traced in underground workings for a strike length of around 160 metres.

The quartz vein has so far been traced for 20m. The vein pinches and swells within the trench exposure with measured widths of around 0.6 m to around 2m. The vein trends around north-south.

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Thu, 20 Sep 2018 08:34:00 -0400 https://ca.proactiveinvestors.com/companies/news/205343/ggx-gold-discovers-extension-to-gold-drop-vein-system-205343.html
<![CDATA[News - GGX Gold shares up as it posts latest assays from Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/204867/ggx-gold-shares-up-as-it-posts-latest-assays-from-gold-drop-property-204867.html GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) has posted latest assays from its Gold Drop property near Greenwood, British Columbia.

Shares in the company advanced 4.76% in Toronto to stand at C$0.11.

Results have been received for 2018 drill holes EVE18-7 to EVE18-18, which tested the area of the Everest vein, which lies in  the Gold Drop Southwest zone, the firm said.

Drilling this year also tested the COD vein, which lies in the Gold Drop Southwest zone, north of the Everest vein.

The highlight was 12.45 grams per tonne (g/t) gold and 121 g/t silver over 0.85-metre core length in one hole in the Everest vein.

The Everest vein, south of the COD vein, was first discovered by company prospectors during the 2017.

Chip samples collected last year across the approximate 0.4 metre-wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver.

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Thu, 13 Sep 2018 13:35:00 -0400 https://ca.proactiveinvestors.com/companies/news/204867/ggx-gold-shares-up-as-it-posts-latest-assays-from-gold-drop-property-204867.html
<![CDATA[News - GGX Gold unveils more gold assays from British Columbia property ]]> https://ca.proactiveinvestors.com/companies/news/204366/ggx-gold-unveils-more-gold-assays-from-british-columbia-property-204366.html GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) received more assays from its Gold Drop property near Greenwood, British Columbia.

The highlight was 7.6 g/t gold, 60.2 g/t silver and 34.1 g/t tellurium over 1.66 metres (m) in one hole.

That included an interval of 35.8 g/t gold, 276 g/t silver and 154.5 g/t tellurium over 0.30m of core.

The firm's 2018 drilling programme has focused on testing and defining the COD vein, after trenching exposed the northeast-southwest-striking vein for over 160m strike.

The firm listed these more significant gold intersections (core length) to date from the 2018 programme:

COD18-3: 14.62 g/t Au over 2.1 metres COD18-26: 10.3 g/t Au over 1.4 m recovered core (within 2.35 m interval) COD18-28: 11.3 g/t Au over 0.51 metre COD18-33: 8.65 g/t Au over 2.98 metres COD18-34: 6.16 g/t Au over 3.41 metres COD18-37: 8.23 g/t Au over 3.95 metres COD18-45: 50.1 g/t Au over 2.05 metres COD18-46: 54.9 g/t Au over 1.47 metres COD18-49: 9.52 g/t Au over 1.47 metres COD18-54: 7.60 g/t Au over 1.66 metres

GGX Gold  shares advanced 4.76% in Toronto to C$0.11.

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Thu, 06 Sep 2018 12:01:00 -0400 https://ca.proactiveinvestors.com/companies/news/204366/ggx-gold-unveils-more-gold-assays-from-british-columbia-property-204366.html
<![CDATA[News - GGX Gold shares on OTCQB now deeemed DTC eligible ]]> https://ca.proactiveinvestors.com/companies/news/203723/ggx-gold-shares-on-otcqb-now-deeemed-dtc-eligible-203723.html GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) said its shares trading on the OTCQB venture market have now been deemed  DTC eligible by the Depository Trust Company (DTC), which should increase liquidity.

"We are pleased to have obtained DTC eligibility," said Barry Brown, president and chief executive officer.

"DTC eligibility simplifies the process of trading and transferring GGX’s shares between brokerages in the United States and reduces the costs incurred in trading shares.

"With our shares now DTC eligible, we expect this to lead to greater liquidity and as well as our shares being accessible to an even broader range of investors."

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Tue, 28 Aug 2018 10:55:00 -0400 https://ca.proactiveinvestors.com/companies/news/203723/ggx-gold-shares-on-otcqb-now-deeemed-dtc-eligible-203723.html
<![CDATA[News - GGX Gold hits more gold at Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/203424/ggx-gold-hits-more-gold-at-gold-drop-property-203424.html GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) told investors it had now hit 54.9 grams per tonne (g/t) gold and 379 g/t silver over a 1.47-metre core length at the  Gold Drop property in Greenwood British Columbia.

It is the latest of a clutch of drill updates from the firm.

READ: GGX Gold intersects 8.23 grams per tonne gold at Gold Drop's south-west zone

Last week,  a  highlight was an intercept of 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05m (meter) core length in one hole. The above result is from around 5m below this.

Today's assays are from holes COD18-46 to COD18-48, which also tested the COD vein. The 1.47m intersection at 54.9 g/t gold was in  COD18-46, whose results also included 223 g/t gold, 1,535 g/t silver and greater than 500 g/t tellurium over 0.30 metres.

The 2018 drilling programme has focused on testing and defining the COD vein, after trenching exposed the northeast-southwest-striking vein for over 160m strike.

GGX Gold shares eased 4.35% on the day at C$0.11.

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Wed, 22 Aug 2018 14:22:00 -0400 https://ca.proactiveinvestors.com/companies/news/203424/ggx-gold-hits-more-gold-at-gold-drop-property-203424.html
<![CDATA[News - GGX Gold shares zoom north as it hits 50.15 g/t gold at Gold Drop ]]> https://ca.proactiveinvestors.com/companies/news/202988/ggx-gold-shares-zoom-north-as-it-hits-5015-gt-gold-at-gold-drop-202988.html Shares in GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) soared over 18% Wednesday as it posted further results from its diamond drilling programme on the Gold Drop property, in Greenwood, British Columbia.

The highlight was an intercept of 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05m (meter) core length in one hole. The drilling has been testing the COD gold-bearing vein in the Gold Drop Southwest zone.

READ: GGX Gold shares lifted as latest drill assays from Gold Drop encourage

Other highlights were 167.5 g/t of the yellow metal and 1,370 g/t silver in an intersection of 0.46m.

The 2018 drilling programme has focused on testing and defining the COD vein, after trenching exposed the northeast-southwest-striking vein for over 160m strike.

Results from Gold Drop have been coming thick and fast from the company.

Last week, it flagged up one intersection that contained 8.23 grams per tonne (g/t) gold, 67.36 g/t silver and 35.83 g/t tellurium over a 3.95-metre core length.

Another hole showed 6.58 g/t gold, 52 g/t silver and 23.1 g/t tellurium.

GGX shares raced up over 18% in Toronto to C$0.13.

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Wed, 15 Aug 2018 13:47:00 -0400 https://ca.proactiveinvestors.com/companies/news/202988/ggx-gold-shares-zoom-north-as-it-hits-5015-gt-gold-at-gold-drop-202988.html
<![CDATA[News - GGX Gold intersects 8.23 grams per tonne gold at Gold Drop's south-west zone ]]> https://ca.proactiveinvestors.com/companies/news/202618/ggx-gold-intersects-823-grams-per-tonne-gold-at-gold-drop-s-south-west-zone-202618.html The good news from GGX Gold Corp's (CVE:GGX) recent drilling campaign at the Gold Drop property in British Columbia keeps coming.

Drill core analytical results have been received for 2018 drill holes COD18-37 to COD18-42, which tested the COD vein, located in the Gold Drop south-west zone.

READ GGX Gold shares lifted as latest drill assays from Gold Drop encourage

The company flagged up one intersection in drill hole COD18-37 that contained 8.23 grams per tonne (g/t) gold, 67.36 g/t silver and 35.83 g/t tellurium over a 3.95-metre core length.

Hole COD18-42 intersected 6.58 g/t gold, 52 g/t silver and 23.1 g/t tellurium.


 

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Thu, 09 Aug 2018 14:06:00 -0400 https://ca.proactiveinvestors.com/companies/news/202618/ggx-gold-intersects-823-grams-per-tonne-gold-at-gold-drop-s-south-west-zone-202618.html
<![CDATA[News - GGX Gold shares lifted as latest drill assays from Gold Drop encourage ]]> https://ca.proactiveinvestors.com/companies/news/202039/ggx-gold-shares-lifted-as-latest-drill-assays-from-gold-drop-encourage-202039.html Shares in GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) added 8% in Toronto as the firm released the latest drill assays from the Gold Drop property in Greenwood, British Columbia.

A highlight was an intersection of 6.16 grams per tonne (g/t) gold, 72.4 g/t silver and 31.0 g/t tellurium over 3.41m (meter) core length in one hole.

This gold-bearing interval lies around 25-metres in vertical depth and approximately 115 metres southwest of the area of 2017 trenching.

And this hole, which housed this intersection, lies around 180 metres southwest of another hole, which hit 4.59 g/t gold over 16.03 metres, including 10.96 g/t gold over 5.97 metres.

The 2018 drilling program has so far been mainly focused on testing and defining the COD vein, which is a Dentonia/Jewel-style quartz vein, located in the southwest zone.

Options

The firm also announced today it has granted 1mln options at an exercise price of 15 cents.

The options are exercisable for five years and will be cancelled 30 days after the cessation of acting as a director, officer, employee or consultant of the company.

GGX shares in Toronto gained 8% to stand at C$0.135.

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Wed, 01 Aug 2018 14:26:00 -0400 https://ca.proactiveinvestors.com/companies/news/202039/ggx-gold-shares-lifted-as-latest-drill-assays-from-gold-drop-encourage-202039.html
<![CDATA[News - GGX Gold shares lift off as drill assays from Gold Drop property continue to impress ]]> https://ca.proactiveinvestors.com/companies/news/201577/ggx-gold-shares-lift-off-as-drill-assays-from-gold-drop-property-continue-to-impress-201577.html Shares in GGX Gold Corp (CVE:GGX, OTCQB:GGXXF) raced up in Toronto as it unveiled more decent drilling assays from the Gold Drop property in Greenwood, British Columbia.

Shares gained 9.52% to stand at C$0.12 each.

The 2018 drilling program has so far been mainly focused on testing and defining the COD vein, which is a Dentonia/Jewel-style quartz vein, located in the southwest zone.

Today's results are from holes, which tested the continuation of the COD vein south-southwest of  trenching last year, which exposed the northeast-southwest striking COD vein for a strike of over 160 metres.

A highlight from today's numbers was an intersection of 8.65 grams per tonne (g/t) gold, 47.6 g/t silver and 37.3 g/t tellurium over a 2.98 metre (m) in one hole.

That included 13.8 g/t (grams per ton) gold, 46.2 g/t silver and 47.8 g/t tellurium over 0.90m core length.

A highlight assay so far from all 2018 drilling to date was 14.62 g/t gold, 150.2 g/t silver and 102.0 g/t tellurium over 2.1 m core length in one hole at the COD vein.

GGX's Gold Drop mine has permits in place for 2018 drilling and trenching.

The current strategy is to prove up existing reserves and begin small scale production at the site.

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Wed, 25 Jul 2018 11:29:00 -0400 https://ca.proactiveinvestors.com/companies/news/201577/ggx-gold-shares-lift-off-as-drill-assays-from-gold-drop-property-continue-to-impress-201577.html
<![CDATA[News - GGX Gold shares up as it posts latest Gold Drop drill results ]]> https://ca.proactiveinvestors.com/companies/news/201174/ggx-gold-shares-up-as-it-posts-latest-gold-drop-drill-results-201174.html GGX Gold Corp.(CVE:GGX, OTCQB:GGXXF) shares rose as it released latest diamond drill results from its Gold Drop property in British Columbia.

A highlight from these analytical results was an intersection of 11.3 grams per tonne (g/t) gold, 125 g/t silver and 69.3 g/t tellurium over 0.51m (meter) core length.

READ: GGX Gold brings in C$362,000 to finish summer exploration at Gold Drop

This gold-bearing interval (quartz vein within altered granodiorite) in the hole is situated around 50 metres southwest of the area of the trenching made in 2017.

Another highlight was an intercept of 10.55 g/t gold, 98 g/t silver and 82 g/t tellurium over 0.45-metre core length in another hole.

GGX noted that the 2018 drilling programme to date has been mainly focused on testing and defining the COD vein, a Dentonia/Jewel style quartz vein.

Trenching during 2017 exposed the northeast-southwest striking COD vein for over 160-metre strike length.

The 2018 drilling programme has also tested the continuation of the Everest vein, which is located approximately 600 metres southwest of the COD vein work site.

The Everest vein was first discovered by company prospectors during 2017, the firm said.

GGX shares are up 5% at C$0.105.

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Thu, 19 Jul 2018 12:38:00 -0400 https://ca.proactiveinvestors.com/companies/news/201174/ggx-gold-shares-up-as-it-posts-latest-gold-drop-drill-results-201174.html
<![CDATA[News - GGX Gold Corp releases winter/spring drill assays from Gold Drop ]]> https://ca.proactiveinvestors.com/companies/news/200615/ggx-gold-corp-releases-winterspring-drill-assays-from-gold-drop-200615.html GGX Gold Corp (CVE:GGX, OTCQB:GGXXF) posted assays from its the winter/spring diamond drilling programme on the Gold Drop property in British Columbia, which included an intercept of 10.3 g/t (grams per ton) gold over a 2.35m interval.

Today's results are highlights from seven holes, which tested under the southern part of the 2017 trench and further south of the 2017 trench, targeting the COD Vein.

Another highlight was 6.36 grams per tonne (g/t) gold, 50.8 g/t silver and 45.5 g/t tellurium over 0.87 metre of core length in one hole.

GGX noted that the highlight of the 2018 drilling programme so far was an intercept of 14.62 g/t (grams per ton) gold, 150.2 g/t silver and 102.0 g/t tellurium over 2.1meter core length in one hole at the COD Vein.

The ongoing diamond drill programme is being conducted in the Gold Drop Southwest zone, which is defining the COD Vein, a Dentonia/Jewel style quartz vein.

Drilling is also ongoing at a separate gold-bearing vein in this region, referred to as the Everest vein.

GGX shares were unchanged at C$0.07 in Toronto.

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Wed, 11 Jul 2018 13:43:00 -0400 https://ca.proactiveinvestors.com/companies/news/200615/ggx-gold-corp-releases-winterspring-drill-assays-from-gold-drop-200615.html
<![CDATA[News - GGX Gold brings in C$362,000 to finish summer exploration at Gold Drop ]]> https://ca.proactiveinvestors.com/companies/news/200308/ggx-gold-brings-in-c362000-to-finish-summer-exploration-at-gold-drop-200308.html GGX Gold Corp (CVE:GGX, OTCQB:GGXXF) told investors it had closed the first and second tranches of a previously announced placing to raise gross proceeds of C$362,000.

The resource company said it now had sufficient funds to complete its planned summer exploration program on the Gold Drop property near Greenwood in British Columbia.

The group is carrying out an extensive trenching and drill program in the spring and summer this year.

The group said a total of C$162,000 was raised for the first tranche and C$200,000 for the second tranche.

According to the terms of the placement, each flow-through unit consisted of one common share that qualifies as a flow-through share and one non-transferable common share purchase warrant.

Each whole warrant entitles the holder to purchase, for a period of 12 months from the date of issue, one additional non-flow-through common share of the issuer at a price of C$0.15 per share.

GGX Gold shares are at C$0.075 in Toronto.

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Fri, 06 Jul 2018 10:59:00 -0400 https://ca.proactiveinvestors.com/companies/news/200308/ggx-gold-brings-in-c362000-to-finish-summer-exploration-at-gold-drop-200308.html
<![CDATA[News - GGX Gold pleased with initial results from Everest vein sample test ]]> https://ca.proactiveinvestors.com/companies/news/200239/ggx-gold-pleased-with-initial-results-from-everest-vein-sample-test-200239.html GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) said it had successfully processed and tested a bulk sample from the Everest gold bearing vein at its Gold Drop property in British Columbia and is pleased with initial results.

The test showed that minerals could be successfully concentrated using the gold shaker table technique.

The Everest vein lies in the Gold Drop Southwest Zone.

The sample was collected from surface vein material in the area of the 2018 drilling programme.

The material was crushed using jaw-rolls crushers and screened to 20 (0.90 millimetre) mesh. Material from the Everest vein was then run through the crusher twice.

The gold shaker table requires continuous feed to operate properly, the firm noted.

The values obtained were used to calculate the gold content of the 18.05kg sample to be 20.51 grams per tonne (g/t) gold.

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Thu, 05 Jul 2018 12:59:00 -0400 https://ca.proactiveinvestors.com/companies/news/200239/ggx-gold-pleased-with-initial-results-from-everest-vein-sample-test-200239.html
<![CDATA[News - GGX Gold Corp unveils more drill assays from Gold Drop; hits 8.71 g/t gold over 0.86m ]]> https://ca.proactiveinvestors.com/companies/news/199711/ggx-gold-corp-unveils-more-drill-assays-from-gold-drop-hits-871-gt-gold-over-086m-199711.html GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) reported more assays from the winter's phase 3 diamond drilling at the Gold Drop property in British Columbia.

The drilling is designed to test and further define the COD vein, which lies in the Gold Drop southwest zone.

It is here that the most significant gold mineralisation has been found, and highlight assays are 8.71 grams per tonne (g/t) gold, 114 g/t silver and 67.8 g/t tellurium over 0.86m on one hole.

Another showed 7.53 g/t gold, 70.9 g/t silver and 45.1 g/t tellurium over 0.76-metre core length.

The best COD vein intercept to date from the 2018 drill programme was 14.6 g/t gold, 150 g/t silver and 102 g/t tellurium over 2.1-metre core length in a hole, reported last month.

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Wed, 27 Jun 2018 10:50:00 -0400 https://ca.proactiveinvestors.com/companies/news/199711/ggx-gold-corp-unveils-more-drill-assays-from-gold-drop-hits-871-gt-gold-over-086m-199711.html
<![CDATA[News - GGX Gold unveils more encouraging drill results from Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/198895/ggx-gold-unveils-more-encouraging-drill-results-from-gold-drop-property-198895.html GGX Gold Corp (CVE: GGX, OTCQB:GGXXF) has posted more encouraging drill results from its Gold Drop property in British Columbia.

The ongoing diamond drilling program is designed to test and define the COD vein, which the firm says, is a Dentonia/Jewel style quartz vein, in the Gold Drop Southwest zone.

The latest highlight results include  7.44 grams per tonne (g/t) gold, 54.9 g/t silver and 41.6 g/t tellurium over a 0.45-metre core length in one hole in the COD vein.

Previous results from two holes had highlights of 14.6 g/t gold, 150 g/t silver and 102 g/t tellurium over a 2.1-metre core length in one hole.

The drill core is being geologically logged and sampled at the Greenwood facility.

Last year, the company received analytical results for 68 trench channel samples collected at the COD vein.

These samples returned anomalous to high grade values for gold, including high values of 43.2 grams per tonne (g/t) gold and 224 g/t (grams per ton) silver.

The first batch of 2017 drill core samples for the COD vein returned up to 24.1 g/t gold and 192 g/t silver, while the second batch of drill core samples also returned significant gold and silver values.

GGX shares eased  10% in Toronto to C$0.09.

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Thu, 14 Jun 2018 11:01:00 -0400 https://ca.proactiveinvestors.com/companies/news/198895/ggx-gold-unveils-more-encouraging-drill-results-from-gold-drop-property-198895.html
<![CDATA[News - GGX Gold secures C$960,000 in financing for continued exploration work ]]> https://ca.proactiveinvestors.com/companies/news/198646/ggx-gold-secures-c960000-in-financing-for-continued-exploration-work-198646.html GGX Gold Corp (CVE:GGX) announced today that it has arranged a non-brokered private placement of eight million flow-through units at a price of C$0.12 per unit for gross proceeds of C$960,000.

The funds will be used for continued exploration work, including diamond drilling and trenching at the company's Gold Drop property near Greenwood in southern British Columbia.

According to the terms of the placement, each flow-through unit comprises one common share that qualifies as a flow-through share and one non-transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 12 months from the date of issue, one additional non-flow-through common share of the issuer at a price of C$0.15 per share. 

The company said a finder's fee may be paid and all securities issued will be subject to a hold period of four months and one day from the date of closing.

Shares of GGX were down 4.76% at C$0.10 on Monday. 

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Mon, 11 Jun 2018 18:18:00 -0400 https://ca.proactiveinvestors.com/companies/news/198646/ggx-gold-secures-c960000-in-financing-for-continued-exploration-work-198646.html
<![CDATA[News - GGX Gold closes first and second tranches of private placement ]]> https://ca.proactiveinvestors.com/companies/news/198312/ggx-gold-closes-first-and-second-tranches-of-private-placement-198312.html GGX Gold Corp (CVE:GGX) announced today that it has closed the first and second tranches of its private placement, with gross proceeds of C$337,100 for the first tranche and C$58,500 for the second tranche. The private placement was announced on May 17, 2018. 

Each unit will comprise one common share at a price of C$0.12 per share and a full share purchase warrant at a price of C$0.15 per share. The full share purchase warrant may be exercised for a period of three years. The hold expiry date for the first trance is Sept. 25, 2018 and Oct. 5, 2018, for the second tranche of the private placement, according to the company. 

Funds raised will be used for general working capital and continued exploration work, including diamond drilling and trenching at the company's Gold Drop property near Greenwood in southern British Columbia.

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Tue, 05 Jun 2018 18:26:00 -0400 https://ca.proactiveinvestors.com/companies/news/198312/ggx-gold-closes-first-and-second-tranches-of-private-placement-198312.html
<![CDATA[News - GGX Gold posts more drill assays from Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/198207/ggx-gold-posts-more-drill-assays-from-gold-drop-property-198207.html GGX Gold Corp (CVE: GGX, OTCQB:GGXXF) has posted more assays from diamond drilling program on its Gold Drop property in British Columbia.

So far, 37 holes for 2,393 meters have been completed during the 2018 diamond drilling program testing the COD vein structure, which lies in the Gold Drop Southwest Zone.

The latest series of drill holes were drilled from a pad, 100 m south of the 2017 COD trenches, targeting an area of historical exploratory trenches.

"The highlight of the latest series of holes is DDCOD18-37 that extended the COD vein 135 meters further south. The hole intersected a 3.16 meter quartz vein intercept," the company said in the brief regulatory filing today.

Other highlights included a  3.41 meter quartz vein intercept, and a 2.65 meter quartz vein intercept.

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Mon, 04 Jun 2018 10:45:00 -0400 https://ca.proactiveinvestors.com/companies/news/198207/ggx-gold-posts-more-drill-assays-from-gold-drop-property-198207.html
<![CDATA[News - GGX Gold hits 14.6 g/t gold and 150 g/t silver at Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/197840/ggx-gold-hits-146-gt-gold-and-150-gt-silver-at-gold-drop-property-197840.html GGX Gold Corp (CVE: GGX, OTCQB:GGXXF) has posted encouraging drill results from the first batch of this season's Phase III diamond drilling program on the Gold Drop property in British Columbia, which includes 14.62 g/t (grams per ton) gold.

Also highlighted by the firm in the same hole was 150 g/t silver,  including 102 g/t telluride over 2.1 meters (m).

Other assays included 23.8 g/t gold and 253 g/t silver and 170.50 g/t telluride, a mettaloid used in copper and steel alloys.

The ongoing diamond drill programme is designed to test and further define the COD vein, which lies in the Gold Drop Southwest Zone.

Trenching during 2017 has exposed the northeast – southwest striking COD Vein for over 160m strike length.

Today's assays come from the first three holes of the 2018 drilling programme, which were completed from a pad north of the COD Mineshaft.

Last week, GGX said it  had bolstered its technical team at the property with the addition of geologist Robert A. Tilsley.

Tilsley has over 40 years’ experience in minerals exploration for various types of mineral deposits in North and South America and Africa.

He has extensive exploration experience in the evaluation of auriferous quartz veins and extensive uranium exploration experience in the Athabasca Basin in Canada and in Niger.

Shares in GGX added 9.09% to C$0.12 each.

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Tue, 29 May 2018 09:59:00 -0400 https://ca.proactiveinvestors.com/companies/news/197840/ggx-gold-hits-146-gt-gold-and-150-gt-silver-at-gold-drop-property-197840.html
<![CDATA[News - GGX Gold bolsters technical team at Gold Drop with experienced geologist ]]> https://ca.proactiveinvestors.com/companies/news/197562/ggx-gold-bolsters-technical-team-at-gold-drop-with-experienced-geologist-197562.html Wed, 23 May 2018 09:26:00 -0400 https://ca.proactiveinvestors.com/companies/news/197562/ggx-gold-bolsters-technical-team-at-gold-drop-with-experienced-geologist-197562.html <![CDATA[News - GGX Gold Corp arranges $480,000 private placement ]]> https://ca.proactiveinvestors.com/companies/news/197324/ggx-gold-corp-arranges-480000-private-placement-197324.html GGX Gold Corp (CVE:GGX) announced it intends to complete a non-brokered private placement of C$480,000.

GGX said it intends to issue four million equity units priced at C$0.12 with each equity unit consisting of one common share of the company and one share purchase warrant, which may be exercised for a period 36 months at a price of C$0.15 per share.

READ: GGX Gold brings in excavator for trenching program at Gold Drop project

GGX said the funds raised will go towards progressing the company’s continued exploration work at its Gold Drop project southern British Columbia. This will include diamond drilling and trenching. The funds will also be used for general purposes.

It added that a finder’s fees may be paid.

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Sun, 20 May 2018 20:47:00 -0400 https://ca.proactiveinvestors.com/companies/news/197324/ggx-gold-corp-arranges-480000-private-placement-197324.html
<![CDATA[News - GGX Gold brings in excavator for trenching program at Gold Drop project ]]> https://ca.proactiveinvestors.com/companies/news/197212/ggx-gold-brings-in-excavator-for-trenching-program-at-gold-drop-project-197212.html GGX Gold Corp (CVE:GGX) has reported further progress at its Gold Drop property in  southern British Columbia - as it has brought in an excavator for a trenching programme.

The machine will be used during the on-going diamond drill programme to expand the trenches at both the COD and Everest veins, which are currently being drilled, at the site.

READ: GGX Gold completes another five drill holes on the COD vein

The permit allows for an additional 850 meters of trenching in the Gold Drop Southwest zone.

As reported earlier this month, 30 holes have now been completed during the current 2018 diamond drill programme testing the COD Vein, totaling 2,020 metres (2,209 yards).

Trenching will target gold soil geochemical anomalies, which were  identified during the 2017 survey.

These included high values of 0.061, 0.073 and 0.088 ppm (parts per million) gold.

Soil samples were collected along 31 soil lines and the programme extended the target area for at least 600 metres northeast.

The programme also identified other gold anomalies near the new COD adit and northeast of the COD trenches, now referred to as the COD North.

GGX Gold Corp shares stand at C$0.12 at the time of writing.

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Thu, 17 May 2018 10:23:00 -0400 https://ca.proactiveinvestors.com/companies/news/197212/ggx-gold-brings-in-excavator-for-trenching-program-at-gold-drop-project-197212.html
<![CDATA[News - GGX Gold completes another five drill holes on the COD vein ]]> https://ca.proactiveinvestors.com/companies/news/196277/ggx-gold-completes-another-five-drill-holes-on-the-cod-vein-196277.html GGX Gold Corp (CVE:GGX) has completed drill holes 25 through 30 on the COD Vein, located in the Gold Drop southwest zone.

Thirty holes have now been completed during the current 2018 diamond drill programme testing the COD Vein, totaling 2,020 metres (2,209 yards).

READ GGX Gold completes three additional drill holes at Everest vein in Gold Drop property​

The latest drill holes were drilled from a pad located 40 metres south of the 2017 COD trenches. These holes targeted an area of historical cross trenches that never reached bedrock.

Highlights included:

DDCOD18-26 – intersected a 11.25 metres (m) mineralised zone including 6.38 m of quartz veining. DDCOD18-29 – intersected a 3.94 m mineralised zone including 1.6 m of quartz vein intercept. DDCOD18-30 – intersected a 3.51 m mineralised zone including a 2.2 m quartz vein intercept.

Core from the drilling will be sent to the lab for analysis.

The company is continuing with its summer drill programme using two drill rigs; one drill is on the newly discovered Everest Vein located roughly 100 metres west of the COD and 600 metres south of the COD trench and the second Drill rig is continuing to extend the gold-bearing COD vein both north and south.


 

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Wed, 02 May 2018 13:32:00 -0400 https://ca.proactiveinvestors.com/companies/news/196277/ggx-gold-completes-another-five-drill-holes-on-the-cod-vein-196277.html
<![CDATA[News - GGX Gold completes three additional drill holes at Everest vein in Gold Drop property ]]> https://ca.proactiveinvestors.com/companies/news/195883/ggx-gold-completes-three-additional-drill-holes-at-everest-vein-in-gold-drop-property-195883.html GGX Gold Corp (CVE:GGX) said it has completed three additional drill holes during the current diamond drilling programme at the Everest vein, in the southwest zone of its Gold Drop property.

In a statement, the company said its current diamond drilling programme is exploring the Everest vein, which was first discovered by company prospectors during the 2017 work programme.

Core to be analysed for gold

Chip samples collected in 2017 across the approximate 0.4-metre-wide vein exposure returned up to 52.8 grams per tonne gold and 377 g/t silver, while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver.

The drill programme is designed to test the vein at depth. The following intercepts are reported as core length:

DDEVE18-4:  Intersected a 7.18-metre mineralised and silicified zone, including 1.22 metres of quartz veining. DDEVE18-5:  Intersected two silicified and mineralised zones totalling 11.81 metres, including 1.25 metres of quartz veining. DDEVE18-6:  Intersected a 4.91-metre mineralised zone which includes a 1.35-metre quartz vein intercept.

The Everest vein is located approximately 600m southwest of the COD vein worksite, where the company is currently drilling phase III on the structure.

The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver.

The core will be analysed for gold by fire assay and for 48-multielement, four acid and ICP-MS.

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Thu, 26 Apr 2018 10:28:00 -0400 https://ca.proactiveinvestors.com/companies/news/195883/ggx-gold-completes-three-additional-drill-holes-at-everest-vein-in-gold-drop-property-195883.html