GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) updated investors Tuesday regarding exploration at its Gold Drop property in the Greenwood mining camp, British Columbia, where the first diamond drill hole is now underway, with the program expanded to 5,000 metres (m) for this year.
The first hole is testing the geophysical anomaly that was identified by Earth Science Services Corporation of Ontario (ESSCO). It has been sunk to a depth of 686 metres (2,250 feet) and will be continued to at least 785 metres (2600 feet), the firm said.
Then, the C.O.D. vein will be tested for depth by drilling at least two relatively long holes below mineralized zones that were hit in previous drilling, the group added The structure will be also be drilled at its southern end where the alteration zone remains open along strike.
"After that, one or more holes will be drilled to test the new veins exposed west of the C.O.D. vein by trenching last month. Drilling is also planned the Gold Drop mine area, where previous trenches exposed visible gold in quartz veins near the former Gold Drop and North Star mines," GGX said in a statement.
Currently, surface trenching is also underway. Two new veins were exposed west of the C.O.D. vein, one of which contains visible gold.
The excavator then moves to the Rhoderick Dhu area where trenching is being done on quartz veins originally exposed in historic shafts, added GGX. Finally, trenches are planned for the Gold Drop mine area to extend several known veins.
Shares advanced nearly 10% to C$0.22 on the day.
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