GGX Gold Discovers New Mineralized Vein, Sample Returns 34.1 G/t Gold & 233 G/t Silver, 40m Trenched With Visible Gold
GGX Gold Corp. (TSXV: GGX) is pleased to announce the discovery of a new gold and silver bearing quartz vein in the Gold Drop South West zone. The vein, now referred to as the Everest Vein, was discovered by hand pitting a zone of local quartz float, which resulted in exposing the vein in-situ. The initial grab sample of the vein from the hand pit returned assays of 34.1 g/tonne or 1.0 Troy ounces / ton of gold and 233 g/tonne silver. The sample was analyzed at ALS Minerals (gold by Fire Assay AA and silver by four acid ICP-AES).
The discovery of the Everest Vein was the result of a recent prospecting program, initiated in an area now more easily accessible due to logging activities. This new vein is located approximately 600 meters southwest of the C.O.D. shaft and on strike with the newly exposed C.O.D. Vein. The Company is currently conducting diamond drilling at the C.O.D. Vein.
Since discovery of the Everest Vein outcrop the GGX team has followed up with a second excavator, trenching the vein. To date 40 meters of trenching has been completed and the vein has been chip and channel sampled with samples recently submitted to ALS Minerals. The Everest Vein is mineralized with pyrite and what the company geologists speculate is the gold telluride Calaverite. Visible gold has also been found in the Everest Vein in three locations along the newly exposed structure.
The GGX team will focus on expanding the mineralized Everest Vein to the north by means of excavator trenching. Drilling of this area will be dependent on the chip and channel sample assay results.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.