Agoracom Blog

GGX Gold Phase II Drilling Program intercepts 10.8 g/t Gold over 0.3 Meters at Gold Drop

Posted by AGORACOM-Eric at 9:49 AM on Wednesday, October 4th, 2017

 

  • Phase 2 of Drill Program now complete
  • 160m strike length
  • 10.8 g/t Gold over 0.3 Meters at Gold Drop

Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce the completion of Phase II diamond drilling on the Gold Drop Property near Greenwood, BC and receipt of additional drill core sample analytical results from drill holes COD17-15 to COD17-20. The Company recently ceased diamond drilling on the property and is waiting for additional Phase II core sample analyses which are expected any time.

 

The second phase of the diamond drill program aimed at 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 meter strike length.

 

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

 

The Company had previously received analytical results for 68 trench channel samples collected at the COD Vein. These samples returned anomalous to high grade values for gold, including high values of 43.2 grams / tonne (g/t) /t Gold and 224 g/t Silver (News Release of July 26, 2017). The first batch of 2017 drill core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver (News Release of Aug 28, 2017). The second batch of drill core samples also 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 meters core length with a high grade core grading 10.96 g/t Gold and 89.86 g/t Silver over 5.97 meters core length (News Release of Sept 7, 2017).

 

The Phase II drilling program aimed to delineate the COD Vein in the Gold Drop Southwest Zone from 2 pad locations in the northern extent of the trench, 100 and 160 m north of the COD mine shaft. The Phase II drilling totaled 12 holes (687 meters).

 

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

 

Drill core was geologically logged and sampled at the Greenwood facility. 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. The samples from holes 15 to 20 were also analyzed for 48 Elements by Four Acid and ICP-AES / ICP-MS. 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 holes COD17-16 to COD17-20, testing the COD Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The Gold and Silver analyses are reported in g/t. The intervals listed in the table below are from the gold and silver bearing vein and / or adjacent low grade mineralized host rock. The Phase II drill core sampling also revealed other intervals with low grade gold in veining and / or host rock.

 

HOLE ID From (m) To (m) Interval length (m) Au g/t Ag g/t
COD17-16 35.56 35.86 0.3 10.8 123
COD17-16 52.21 52.33 0.12 11.45 99.3
COD17-19 20.37 21.34 0.97 1.42 9.88
COD17-19 49.03 49.41 0.38 2.28 16.4

 

“ We are very pleased with the results of the drilling, especially given the presence of significant gold and silver values along the COD Vein including a broad intersection in hole COD 17-14 grading 4.59 g/t gold and 38.64 g/t silver over a 16.03 metre core length” said Barry Brown Chief Executive Officer of GGX Gold.  “We look forward to receiving the results of the remaining assays and planning future work on the property.”

 

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Quartz veins in COD17-14

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