Agoracom Blog

GGX Gold First Batch of Drilling Results Vein Intersects 24G/t Gold and 192 G/t Silver

Posted by AGORACOM-Eric at 10:43 AM on Monday, August 28th, 2017

 

  • COD Vein Intersects 24G/t Gold and 192 G/t Silver
  • COD vein has 160 meters of Strike to date
  • Drilling has confirmed the vein to a vertical depth of 120 feet, open at depth.

 

Vancouver, British Columbia – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), (the “Company” or “GGX”) is pleased to announce the first batch of analytical results from the Phase I diamond drilling program at the Company’s  Gold Drop Project near Greewood, BC.  The Company is currently exploring and defining the COD Vein, a Dentonia/Jewel style quartz vein, in the Gold Drop Southwest zone. Trenching during 2017 has exposed the northeast – southwest striking COD vein for over 160m strike length. To date analytical results for 68 trench channel samples have been received, with samples returning anomalous to high grade values for gold, up to 43.2 g/t Gold and 224 g/t Silver (News release of July 26, 2017).

 

 

 

 

To view the graphic in its original size, please click here

 

 

 

The Phase I drilling program aimed to delineate the COD vein in the Gold Drop Southwest zone from 5 pad locations along the North-south trench.  The drilling tested the vein along 80 meters of strike length. The drilling commenced south of the C.O.D. mine shaft and progressed systematically to the north.  The Phase I drilling totaled 15 holes (691 meters). 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 120 feet (36.6 meters), being open at depth.

 

 

 

 

To view the graphic in its original size, please click here

 

 

 

Drill core is being geologically logged and sampled at the Greenwood facility. The core samples are sawn in half and stored in a secure location. Core samples are being delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA and for 33 other elements by Four Acid and ICP-AES. Quality control (QC) samples are inserted at regular intervals.

 

 

 

 

To view the graphic in its original size, please click here

 

 

 

The analytical results listed below are from the first nine drill holes in the C.O.D area. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold and silver grade is reported in grams per ton. The intervals below are from the vein and mineralization envelope intervals.  Other low grade mineralization intervals are found in the host rock.

 

 

 

HOLE ID From To Core interval Length Au gpt Ag gpt
COD17-2 8.96 9.36 0.4 1.86 11
COD17-2 11.5 12.14 0.64 5.08 40.4
COD17-3 15.93 16.15 0.22 8.76 68.9
COD17-3 16.15 16.63 0.48 24.1 192
COD17-4 10.54 11.82 1.28 1.64 11.4
COD17-4 11.82 12.97 1.15 0.75 5.5
COD17-4 22.53 23.19 0.66 3.22 31.2
COD17-4 25.04 25.48 0.44 3.16 33.7
COD17-5 27.37 29.26 1.89 4.11 53
COD17-7 5.55 6.05 0.5 0.82 5.1
COD17-7 6.05 6.57 0.52 1.21 9.6
COD17-8 11.67 12.37 0.7 1.69 14.8
COD17-9 14.5 15.23 0.73 7.37 55
COD17-9 15.98 16.33 0.35 14.85 164
COD17-9 16.33 16.96 0.63 0.26 3.1

 

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