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$GGX.ca GGX Gold Completes 11 Diamond Drill Hole Fall Program at COD Vein on the Gold Drop Property – Southern British Columbia $Tusk.ca, $GZC.ca $K.ca

Posted by AGORACOM-Eric at 9:20 AM on Tuesday, November 27th, 2018

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  • 2017 and 2018 drill intersections (core length) of 50.1 g/t gold over 2.05 meters; 54.9 g/t gold over 1.47 meters; and 4.59 g/t gold over 16.03 meters at the COD Vein
  • Gold and silver bearing quartz veins in multiple regions of the property with high grade gold reported (samples exceeding 1 oz. / ton gold reported)
  • Historic gold and silver production at the Gold Drop, North Star, Amandy and Roderick Dhu vein systems.

VANCOUVER,BC / ACCESSWIRE / November 27, 2018 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“) is pleased to announce it has completed the 2018 Fall diamond drilling program at its Gold Drop Property near Greenwood, southern British Columbia. The program consisted of 11 diamond drill holes (COD18-61 to COD18-71) targeting the gold bearing COD Vein, the focus being an area of previous high grade gold drill intercepts (some previous samples over 1 oz./ ton gold). Highlights for the Gold Drop Property, including the COD Vein are:

  • 2017 and 2018 drill intersections (core length) of 50.1 g/t gold over 2.05 meters; 54.9 g/t gold over 1.47 meters; and 4.59 g/t gold over 16.03 meters at the COD Vein.
  • Gold and silver bearing quartz veins in multiple regions of the property with high grade gold reported (samples exceeding 1 oz. / ton gold reported).
  • Historic gold and silver production at the Gold Drop, North Star, Amandy and Roderick Dhu vein systems.


(To view the full-size image, please click here)

The 2018 Fall diamond drill program tested the COD vein, located in the Gold Drop Southwest Zone. The program followed up on results from previous 2018 diamond drilling at the southern extension of the COD vein. Two of the previous 2018 holes at this southern extension, COD18-45 and COD18-46 (which were drilled at 45 and 50 degree dips to the west from the same site), intersected high grade gold. COD18-45 intersected of 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05 meter core length including 167.5 g/t gold, 1,370 g/t silver and >500 g/t tellurium over 0.46 meter core length (News Release of August 15, 2018). COD18-46 intersected 54.9 g/t gold and 379 g/t silver over a 1.47 meter core length, including 223 g/t gold, 1,535 g/t silver and greater than 500 g/t tellurium over a 0.30 meter core length (News Release of August 22, 2018).


(To view the full-size image, please click here)

Intervals of quartz veining and / or mineralized host rock from the 2018 Fall diamond drilling program are outlined in the table below. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported.

Hole ID Interval length (m) Description
COD18-61 1.38 Quartz vein intercept
COD18-63 3.46 3.46m mineralized zone including 1.47m quartz vein intercept with local visible gold.
COD18-64 3 3 m mineralized granodiorite interval
COD18-65 2.43 2.43m mineralized granodiorite interval
COD18-66 1.84 1.94m mineralized zone including a 0.94 m quartz vein intercept
COD18-67 8.51 8.51m mineralized interval including a 7.32 m quartz vein intercept.
COD18-68 4.64 4.64 m mineralized interval including 1.6m of quartz veining
COD18-69 9.65 9.65m interval of quartz separated by mineralized wall rock
COD18-70 6.9 6.9 m quartz vein intercept (with 1 m core loss)
COD18-71 12.04 12.04m mineralized intercept including 2.2m of quartz veining

All of the 2018 Fall drill holes were collared within 25 meters of holes COD18-45 and COD-46. Holes COD18-61 to COD18-66 were drilled to the west and slightly northwest at dips of 45 to 60 degrees to intersect the approximately northeast striking vein(s). Holes COD18-67 to COD18-71 were drilled at dips of 45 to 60 degrees slightly northeast to intersect the vein(s) at a shallower angle, the purpose being to test the continuity of the quartz veining and mineralization.


(To view the full-size image, please click here)

The drill core is currently being split and securely packaged for shipment to ALS Canada Ltd. in Vancouver, BC. There the core will be analyzed for gold by Fire Assay and for 48 elements by Four Acid and ICP-MS. Some samples are being selected for additional Screen Metallic analysis. Quality control (QC) samples are being 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
[email protected]

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