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

The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver where it will be analysed for gold

Gold bars
The current diamond drilling programme is exploring the Everest vein

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.

Quick facts: GGX Gold Corp.

Price: 0.16 CAD

TSX-V:GGX
Market: TSX-V
Market Cap: $4.39 m
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