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GGX Gold Drilling Intersects 12.45 g/t Gold and 121 g/t Silver over 0.85 Meters — Everest Vein — Gold Drop Property, Southern British Columbia $K.ca $TUSK.ca

Posted by AGORACOM-Eric at 9:35 AM on Thursday, September 13th, 2018

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  • 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 “GGX”) 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:       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
  • EVE18-5:        10.55 g/t Au over 0.45 meters
  • EVE18-12:      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

[email protected]

 

Investor Relations:

Mr. Jack Singh, 604-488-3900   [email protected]

 

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

The Crew

 

$GGX.ca GGX Gold Drilling Intersects 50.1 g/t Gold and 375 g/t Silver over 2.05 Meters — Gold Drop Property, Southern British Columbia GGX Gold $K.ca

Posted by AGORACOM-Eric at 9:30 AM on Wednesday, August 15th, 2018

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  • Results for 2018 holes COD18-43 to COD18-45 which tested the COD Vein, in the Gold Drop Southwest Zone.
  • COD18-45 returned 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05
  • 2018 drilling program also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite.

GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) 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 COD18-43 to COD18-45 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone.

Gold bearing quartz vein with high grade gold in drill hole COD18-45

(50.1 g/t gold over 2.05meters)

To view the graphic in its original size, please click here

The highlight from these analytical results is an intersection of 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05 meter core length in drill hole COD18-45 which tested the COD Vein, including 167.5 g/t gold, 1,370 g/t silver and >500 g/t tellurium over 0.46 meter core length. This gold-bearing intersection of quartz veins and altered granodiorite in COD18-45 is located at approximately 20 meter vertical depth and approximately 160 meters southwest of the area of 2017 trenching at the COD Vein. COD18-45 is located approximately 220 meters southwest of drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meters, including 10.96 g/t gold over 5.97 meters (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. 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).

The analytical results listed below are highlights from drill holes COD18-43 to COD18-45 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. 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).

Previous drill core analytical results from the 2018 drilling program are reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1 and August 9. The 2.05 meter core length intersection in drill hole COD18-45 at the COD Vein is the highlight of the 2018 drilling program to date and represents a significant intersection with high grade gold southwest of the 2017 trench. Prior to the receipt of these analytical results, the highlight of the 2018 drilling program was 14.62 g/t gold, 150.2 g/t silver and 102.0 g/t tellurium over 2.1 meter core length in drill hole COD18-3 at the COD Vein, located in the area of the 2017 trench and vicinity of drill hole COD17-14. The following map of the COD Vein work area includes some of the more significant 2017 – 2018 drill intersections.

To view the graphic in its original size, please click here

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. 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

[email protected]

$GGX.ca COD vein intercept of 16.3M of 4.59 g/t Gold and 38.64 g/t Silver

Posted by AGORACOM-Eric at 9:27 AM on Thursday, September 7th, 2017

GGX Gold Drill Intercepts The COD Vein,  Greenwood BC

  • Gold Drop Southwest Zone, Phase 1 Diamond Drill Program
  • Hole COD17-14 returns 4.59 g/t Gold & 38.64 g/t Silver over 16.03 meters
  • Aug 28, 2017  core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver

    Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce it has received analytical results for the second batch of drill core samples from the Phase I diamond drilling program at the Company’s Gold Drop Project near Greewood, BC.  GGX is currently exploring and defining the COD Vein, a Dentonia/Jewel style quartz vein, located in the Gold Drop Southwest Zone. Trenching during 2017 has exposed the northeast – southwest striking COD vein for over 160 meter strike length. The second batch of drill core samples returned significant gold and silver values including a broad intersection in hole COD17-14 (grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meters with a high grade core grading 10.96 g/t Gold and 89.86 g/t Silver over 5.97 meters).

     

    The Company had previously received analytical results for 68 trench channel samples. These samples returned anomalous to high grade values for gold, including high values of 43.2 g/t Gold and 224 g/t Silver (News release of July 26, 2017). The first batch of drill core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver (News release of Aug 28, 2017).

     

    To view the graphic in its original size, please click here

     

    The Phase I drilling program aimed to delineate the COD Vein in the Gold Drop Southwest Zone from 5 pad locations along the North-south trench.  The drilling tested the vein along 80 meters of strike length. The drilling commenced south of the C.O.D. mine shaft and progressed systematically to the north.  The Phase I drilling totaled 15 holes (691 meters). The objective of the drilling was to determine depth and the dip of the vein exposed at surface and confirm gold and silver mineralization below the channel samples. Drilling to date has confirmed the vein to a vertical depth of 150 feet (46.36 meters), being open at depth.

     

    To view the graphic in its original size, please click here

     

    Drill core is being geologically logged and sampled at the Greenwood facility. The core samples are sawn in half and stored in a secure location. Core samples are being delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. The second batch of samples was also analyzed for 48 Elements by Four Acid and ICP-AES / ICP-MS. Quality control (QC) samples are inserted at regular intervals.

     

    To view the graphic in its original size, please click here

     

    The analytical results listed below are from holes COD17-10 to COD17-14, testing the COD Vein. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The Gold, Silver grade is reported in grams per tonne (g/t). The intervals listed below are from the gold and silver bearing vein and adjacent low grade mineralized envelopes.  The sampling also revealed other intervals with low grade gold (up to 0.4 g/t gold over 1 meter) in veining and / or host rock.

     

    HOLE ID Core interval Length (m) Au g/t weighted average Ag g/t weighted average
    COD17-10 5.45 0.47 4.31
    including 0.27 5.85 63.3
    COD17-11 3.45 1.15 7.31
    including 1.00 2.13 8.61
    COD17-12 2.68 1.03 13.78
    including 0.79 2.89 28.6
    COD17-13 3.32 1.19 11.68
    including 0.67 4.97 51.2
    COD17-14 16.03 4.59 38.64
    Including 5.97 10.96 89.86
    including 0.56 38.4 339
    including 0.60 24.5 257

     

    Hole COD17-14 intersected a broader zone of veining and gold and silver mineralization grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meter core length. Core intervals with the silver-grey mineral that was speculated to be the gold/silver telluride Calaverite have returned significant levels of gold and silver. The two higher grade samples from COD17-14 listed in the preceding table also returned higher tellurium values of 211 g/t (0.56 meters) 140 g/t (0.60 meters).

     

    To view the graphic in its original size, please click here

    Quartz veins in COD17-14

     

    Readers are warned that historical records referred to in this News Release have been examined but not verified by a qualified person. Further work is required to verify that historical assays referred to in this News Release are accurate.

     

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

     

    On Behalf of the Board of Directors,

    Barry Brown, Director

    604-488-3900

     

    Investor Relations: 

     

    Mr.  Jack Singh: 604-720-6598

    E-mail: [email protected]

     

     

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

    The Crew

     

    To view the graphic in its original size, please click here

     

    Forward Looking Information

     

    This news release includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, the Company’s information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks including that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

     

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

    To view this press release as a PDF file, click onto the following link:
    public://news_release_pdf/GGXgold09072017_0.pdf

    Source: GGX Gold Corp. (TSX Venture:GGX, OTC Pink:GGXXF)