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

The work will be at the so-called C.O.D vein, which is open along strike and at depth
Diamond drillbits
No previous diamond drilling has been completed at the C.O.D. extension to the north. Pictured diamond drillbits

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 [email protected]

Follow him on Twitter @Gile74

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GGX Gold Corp. Timeline

Newswire
June 12 2019

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