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GGX Gold Corp.

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

The majority of the drill holes tested the COD vein with significant levels of gold, silver and tellurium intersected in numerous holes, as reported in news releases throughout the year

Gold
The Everest vein was first discovered by company prospectors during the 2017 drilling campaign

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. 

Quick facts: GGX Gold Corp.

Price: $0.20

Market: TSX-V
Market Cap: $3.61 m
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