- Diamond Drill results for Everest Vein holes EVE18 – 7 to 18, on the Gold Drop property
- Highlight is EVE18-12 intersecting 12.45 g/t gold and 121 g/t silver over 0.85m of altered granodiorite
- Everest Vein 2018 drill holes are located 350 to 800m south of the area of 2017 and 2018 COD Vein drill holes.
Vancouver, British Columbia (FSCwire) – GGX Gold . (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company†or “GGXâ€) is pleased to announce it 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 EVE18-7 to EVE18-18 which tested the area of the Everest Vein, located in the Gold Drop Southwest Zone. The 2018 drilling also tested the COD Vein, located in the Gold Drop Southwest Zone, north of the Everest Vein. The highlight from these analytical results is 12.45 g/t gold and 121 g/t silver over 0.85 meter core length in altered granodiorite in drill hole EVE18-12.
Gold bearing altered granodiorite in drill hole EVE18-12
(12.45g/t Gold over 0.85meters)
To view the graphic in its original size, please click here
The Everest Vein, located south of the COD 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).
The analytical results listed below are highlights from drill holes EVE18-7 to COD18-18 (intersections greater than 1 g/t gold), testing the area of the Everest 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).
| Hole ID | From (m) | To (m) | Interval Length (m) | Au (g/t) | Ag (g/t) | Te (g/t) |
| EVE18-10 | 52.34 | 52.97 | 0.63 | 2.72 | 20.7 | 14.9 |
| EVE18-12 | 40.41 | 41.26 | 0.85 | 12.45 | 121 | 91.2 |
| EVE18-12 | 43.65 | 43.90 | 0.25 | 1.42 | 5.57 | 4.48 |
| EVE18-13 | 46.42 | 47.34 | 0.92 | 1.32 | 12.8 | 9.9 |
| EVE18-16 | 18.30 | 19.48 | 1.18 | 1.07 | 9.72 | 8.16 |
| EVE18-16 | 20.09 | 20.72 | 0.63 | 3.00 | 31.2 | 22.0 |
The intersection at 40.41-41.26 meters in drill hole EVE18-12 is altered granodiorite with pyrite. The other intersections listed in the preceding table are altered granodiorite with pyrite and / or veining (quartz and or calcite).
To view the graphic in its original size, please click here
The 2018 drilling program also 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, August 30 and September 6. 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 at the COD and Everest veins are as follows:
- COD18-3: Â Â Â Â Â 14.62 g/t Au over 2.1 meters
- COD18-26: Â Â Â 10.3 g/t Au over 1.4 meter recovered core (within 2.35 meter interval)
- COD18-28:Â Â Â Â 11.3 g/t Au over 0.51 meters
- COD18-33:Â Â Â Â 8.65 g/t Au over 2.98 meters
- COD18-34:Â Â Â Â 6.16 g/t Au over 3.41 meters
- COD18-37:Â Â Â Â 8.23 g/t Au over 3.95 meters
- COD18-45:Â Â Â Â 50.1 g/t Au over 2.05 meters
- COD18-46:Â Â Â Â 54.9 g/t Au over 1.47 meters
- COD18-49:Â Â Â Â 9.52 g/t Au over 1.47 meters
- COD18-54: Â Â Â 7.60 g/t Au over 1.66 meters
- EVE18-5:Â Â Â Â Â Â Â 10.55 g/t Au over 0.45 meters
- EVE18-12:Â Â Â Â Â 12.45 g/t Au over 0.85 meters
The Everest Vein 2018 drill holes are located approximately 350 to 800 meters south of the area of 2017 and 2018 COD Vein drill holes.
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.
To view the Original News release with pictures please go to the website or contact the company.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Investor Relations:
Mr. Jack Singh, 604-488-3900Â Â [email protected]
“ We don’t have to do this, we get to do this â€
The Crew
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