- Drilling at the C.O.D. North vein, where sample results obtained late last year ranged up to 21.7 grams per tonne gold over 0.4m
- Drilling will then be directed to the area of a new-technology geophysical target identified by Stargate II
- Anomaly measures 1834 by 1377 metres and is interpreted as a pipe-like structure that tops out at about 360 metres
- Drilling to a depth of at least 400 and up to 764 metres
VANCOUVER, BC / ACCESSWIRE / July 11, 2019 / GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company†or “GGXâ€) announces that it will resume drilling next week at its Gold Drop property in the Greenwood Mining Camp.
After taking a much-deserved field break, the drill and geological crews are returning to the Company’s operations base in Greenwood, B.C. to resume drilling activity on the Gold Drop property. Drilling will resume next week initially at the C.O.D. North vein, where sample results obtained late last year ranged up to 21.7 grams per tonne gold over 0.4 metres (see news release dated Nov 20, 2018).
Drilling will then be directed to the area of a new-technology geophysical target identified by Stargate II, an enhanced, deep-penetrating ultra-sonic AMT (Audio-Magnetotellurics) geophysical survey conducted by Earth Science Services Corporation of Oshawa, Ontario (see news release dated July 3, 2019). The new geophysical anomaly on the Gold Drop property is centered at the intersection of three interpreted major fault-conduit structural lineaments, two of which are coincident with known structures: C.O.D. vein system and a cross-fault. Geometrically, the anomaly measures 1834 by 1377 metres (see figure below) and is interpreted as a pipe-like structure that tops out at about 360 metres, requiring drilling to a depth of at least 400 and up to 764 metres. This will be the deepest ever to be drilled on the Gold Drop property.
Stargate II Anomaly Map:
Drilling is expected to continue through this month on these and other targets. Assay results from the first round of this season’s drilling on the C.O.D. vein are also expected to be received this month.
David Martin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, approved the technical information in this release.
On Behalf of the Board of Directors
George Sookochoff, President,
604-488-3900
[email protected]
Investor Relations:
Mr. Jack Singh,
604-488-3900,
[email protected]
Forward L
