- Holes COD18-52 to COD18-54. The COD gold bearing vein is located in the Gold Drop Southwest Zone.
- 7.6 g/t gold, 60.2 g/t silver and 34.1 g/t tellurium over 1.66 meter core length in drill hole COD18-54
- Â COD18-54 was collared approximately 50 meters northeast drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 m
GGX Gold Corp 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 COD18-52 to COD18-54 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone. High grade gold has been confirmed within the COD Vein during the 2018 drill program with some core samples exceeding 1 oz. / ton gold. Gold bearing quartz veins are also reported in the east and north regions of the property, with historic samples reported to exceed 1 oz. / ton gold for veins in both areas.
The analytical results listed below are highlights from drill holes COD18-52 to COD18-54 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein in the area of the 2017 trench at the COD Vein. 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).
The highlight from these analytical results is the intersection of 7.6 g/t gold, 60.2 g/t silver and 34.1 g/t tellurium over 1.66 meter core length in drill hole COD18-54, including 35.8 g/t gold, 276 g/t silver and 154.5 g/t tellurium over 0.30 meter core length. This interval of quartz veining/ flooding and altered granodiorite is at approximately 20 meter vertical depth. This hole was collared approximately 50 meters northeast drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meter core length, including 10.96 g/t gold over 5.97 meter core length (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. Numerous 2018 drill holes testing the COD Vein intersected significant levels of gold, silver and tellurium as reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9, August 15, August 22 and August 30. These included holes in the area of the 2017 trench and holes southwest of the 2017 trench. More significant gold intersections (core length) to date from the 2018 program are as follows:
COD18-3: 14.62 g/t Au over 2.1 meters COD18-26: 10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval) COD18-28: 11.3 g/t Au over 0.51 meters COD18-33: 8.65 g/t Au over 2.98 meters COD18-34: 6.16 g/t Au over 3.41 meters COD18-37: 8.23 g/t Au over 3.95 meters COD18-45: 50.1 g/t Au over 2.05 meters COD18-46: 54.9 g/t Au over 1.47 meters COD18-49: 9.52 g/t Au over 1.47 meters COD18-54: 7.60 g/t Au over 1.66 meters
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).
In addition to the gold discovered by the Company at the COD and Everest Veins, gold mineralization is reported in quartz veins in the east and north regions of the property. These include the Gold Drop, North Star and the Silent Friend quartz veins in the east region of the property and Amandy, Roderick Dhu, Lady of the Lake, Lake View and Moonlight in northern region of the property. High grade gold is reported for historic samples at some of these veins with samples reported to exceed 1 oz. / ton gold. Historic gold production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu veins.
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.
Tags: #exploration, #GGX Gold #Gold #Silver #GreenwoodBC, #silver, #tellerium