GGX Gold Drilling Intersects 54.9 G/T Gold & 379 G/T Silver Over 1.47 Meters at Gold Drop Property, Southern British Columbia
GGX Gold Corp. [TSX-v: GGX; OTCQB: GGXXF; FRA: 3SR2] is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-46 to COD18-48 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone.
The highlight from these analytical results is an intersection of 54.9 grams per tonne (g/t) gold and 379 g/t silver over 1.47 meter core length in drill hole COD18-46 which tested the COD Vein, including 223 g/t gold, 1,535 g/t silver and >500 g/t tellurium over 0.30 meter core length. This gold-bearing intersection of quartz veins and minor altered granodiorite in COD18-46 is located at approximately 25 meter vertical depth. This drill intersection is approximately 5 meters below the high grade intersection of drill hole COD-18-45 (50.1 g/t gold and 375 g/t silver over 2.05 meter core length as was reported in the Company’s News Release of August 15, 2018). Both COD18-45 and COD18-45 are approximately 160 meters southwest of the area of 2017 trenching at the COD Vein and approximately 220 meters southwest of drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meters, including 10.96 g/t gold over 5.97 meters (News Release of September 7, 2017).
The 2018 drilling program focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. The 2018 drilling program also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).
The analytical results listed below are highlights from drill holes COD18-46 to COD18-48 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).
Previous drill core analytical results from the 2018 drilling program are reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9 and August 15. The close-spaced intersections of drill holes COD18-45 and COD-18-46 at the COD Vein is the highlight of the 2018 drilling program to date and represents significant intersections with high grade gold southwest of the 2017 trench. Prior to the receipt of analytical results for these holes, the highlight of the 2018 drilling program was 14.62 g/t gold, 150.2 g/t silver and 102.0 g/t tellurium over 2.1 meter core length in drill hole COD18-3 at the COD Vein, located in the area of the 2017 trench and vicinity of drill hole COD17-14. The following map of the COD Vein work area includes some of the more significant 2017 – 2018 drill intersections.
Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. 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. Quality control (QC) samples were inserted at regular intervals.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.
To view the Original News release with pictures please go to the website or contact the company.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Office@GGXGold.com
Investor Relations:
Mr. Jack Singh
604-488-3900
ir@GGXgold.com