Agoracom Blog

GGX Gold Completes 1484 Meters on the COD Vein and Extends the Vein – 30 Meters to the South – Greenwood BC $GGX.ca

Posted by AGORACOM-Eric at 9:18 AM on Tuesday, April 24th, 2018

  • 2018 drill program has completed 24 drill holes totaling 1,484 meters or 4,883 feet on the COD vein
  • DDCOD18-24 intersected the COD vein 42m below surface, the drill hole successfully extends the COD vein occurrence 30 m along strike.

 

Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), is pleased to announce the completion of 24 diamond drill holes targeting the COD vein in the Gold Drop Southwest Zone. To date the 2018 diamond drill program has completed 24 drill holes totaling 1,484 meters or 4,883 feet on the COD vein. Updates on the Diamond Drilling at the Everest Vein will be provided shortly.

 

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Currently the COD vein drill is located at a pad 30 meters south of the southernmost extent of the 2017 trench. The drill hole DDCOD18-24 intersected the COD vein 42m below surface. The drill hole successfully extends the COD vein occurrence 30 m along strike. Listed below are the highlights from the latest series of COD diamond drill holes (holes 10 to 24). All reported widths are core length.

 

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DDCOD18-24 – intersected a 2.17 m mineralized zone including a 1.6 m wide quartz vein intercept

DDCOD18-21 – intersected a 7.32 m mineralized zone including 3.52 m of quartz veining

DDCOD18-20 – intersected a 2.66 m mineralized zone including a 1.56 m quartz vein intercept

DDCOD18-19 – Intersected a 1.40 m quartz vein intercept and a second 0.46 vein intercept

DDCOD18-18 – intersected a 1.54 m mineralized zone including 1.14m quartz vein intercept

DDCOD18-14 – intersected a 2.94 m mineralized zone including a 1.5m quartz vein intercept

 

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The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver, BC. There the core will be analyzed for gold by Fire Assay and for 48 multi element Four Acid and ICP-MS. Quality control (QC) samples are being inserted at regular intervals.

 

David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and consultant for GGX, is responsible for the technical information contained in this News Release.

 

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To view the Original News release with pictures please go to the website or contact the company.

The company, as previously announced on April 6, 2018, wishes to remind all subscribers and finders from its private placement that took place during April, 2017, that the company has accelerated the term of these warrants to further finance its continuing drill program. The term of the 10-cent warrants associated with this placement may be accelerated in the event that the issuer’s shares trade at or above a price of 15 cents per share for a period of 10 consecutive days. In June of 2017, after the final closing announced on May 3, 2017, the shares of the company traded in this range. The warrants being accelerated at 10 cents are attached to the 7.5-cent private placement that took place in April, 2017. Warrantholders now have until May 7, 2018 to exercise their warrants, or they will be terminated.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

[email protected]

 

Investor Relations:                Mr. Jack Singh, 604-720-6598   [email protected]

 

“ We don’t have to do this, we get to do this ” 

The Crew  

 

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