GGX Gold drills 16 metres of 4.59 g/t gold and 38 g/t silver

Diamond drilling at GGX Gold’s Gold Drop Project near Greenwood, south-central British Columbia. Source: GGX Gold Corp.

GGX Gold Corp. [GGX-TSXV] has received analytical results for the second batch of drill core samples from the Phase I diamond drilling program at its Gold Drop Project near Greenwood, south-central British Columbia. The company is currently exploring and defining the COD vein, a Dentonia/Jewel-style quartz vein, located in the Gold Drop Southwest Zone. Trenching during 2017 has exposed the northeast-southwest striking COD vein for over 160 metres of strike length. The second batch of drill core samples returned significant gold and silver values, including a broad intersection in hole COD17-14 grading 4.59 g/t gold and 38.64 g/t silver over 16.03 metres with a high-grade core grading 10.96 g/t gold and 89.86 g/t silver over 5.97 meters.

The company had previously received analytical results for 68 trench channel samples. These samples returned anomalous to high-grade values for gold, including high values of 43.2 g/t gold and 224 g/t silver. The first batch of drill core samples for the COD vein returned up to 24.1 g/t gold and 192 g/t silver.

The Phase I drilling program aimed to delineate the COD vein in the Gold Drop Southwest Zone from five drill pad locations along the north-south trench. The drilling tested the vein along 80 metres of strike length. The drilling commenced south of the COD mine shaft and progressed systematically to the north. Phase I drilling totaled 15 holes (691 metres). The objective of the drilling was to determine depth and the dip of the vein exposed at surface and confirm gold and silver mineralization below the channel samples. Drilling to date has confirmed the vein to a vertical depth of 150 feet (46.36 metres), being open at depth.

Hole COD17-14 intersected a broader zone of veining and gold and silver mineralization grading 4.59 g/t gold and 38.64 g/t silver over 16.03 metres. Core intervals with the silver-grey mineral that was speculated to be the gold/silver telluride calaverite have returned significant levels of gold and silver. The two higher grade samples from COD17-14 also returned higher tellurium values of 211 g/t (0.56 metres) and 140 g/t (0.60 metres). Tellurium often occurs with high-grade gold mineralization.

Filed in: Gold, Resources

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