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GGX Gold says drilling commenced to test large, deep geophysical anomaly at its Gold Drop property

The firm said a drill is now set-up on the first of three sites designed to test a large, deep geophysical anomaly

Gold anomaly
GGX said three drill holes are planned to test this anomaly at different directions from separate locations

GGX Gold Corp. (CVE:GGX) (OTCMKTS:GGXXF) announced, after the market close on Tuesday, that it has commenced drilling to test a large, deep geophysical anomaly at its Gold Drop property in the Greenwood Mining Camp.

In a statement, the firm said a drill is now set-up on the first of three sites designed to test a large, deep geophysical anomaly.

READ: GGX Gold set to drill three holes into Gold Drop anomaly after receiving exploration permit

As previously announced on July 24, the group added, an airborne audio magnetotelluric (AMT) geophysical anomaly was identified on the property by Earth Science Services Corporation of Oshawa, Ontario (ESSCO).

It noted that the anomaly is interpreted as a pipe-like structure that measures 1,834 by 1,377 metres, with a target zone at depths between 500 and 800 metres.

GGX said three drill holes are planned to test this anomaly at different directions from separate locations, with the target a porphyry-type copper gold deposit.

The anomaly is located at the intersection of corridors identified as "conduit-fault-structural traces", it added.

Two of these are coincident with the trend of the C.O.D. vein system and a probable North-West-trending cross-fault, the group continued, and the correlation of anomaly corridors with known geological features provides some confidence in the result.

Drilling at the C.O.D. vein and C.O.D. North vein has been halted, and the rig moved to a new site selected to test the AMT geophysical anomaly.

As of September 26, GGX said, a total of 2,486 metres have been drilled in 49 holes on the main C.O.D. vein, and an additional 705.2 metres drilled in 10 holes on the COD North vein and one hole on the Everest vein.

Assay results are pending from this drilling, the company added.

Contact the author at [email protected]

Quick facts: GGX Gold Corp.

Price: 0.185 CAD

TSX-V:GGX
Market: TSX-V
Market Cap: $4.71 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...

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