Agoracom Blog Home

Posts Tagged ‘gold’

GGX Gold’s First 16 Channel Sample Results All Come Back Anomalous for Gold and Silver up to 6.12 g/t Gold and 72.8 g/t Silver, C.O.D. Vein $GGX.ca

Posted by Eric at 11:04 AM on Wednesday, July 19th, 2017
  • Sampling covered distance of 30m of newly exposed C.O.D. vein
  • Trenching 3.97 g/t au & 28.8g/t ag # S423770
  • Trenching 6.12 g/t au & 72.8 g/t ag # S423776

Historic Gold Camp Greenwood BC

VANCOUVER, BC / July 19, 2017 / GGX Gold Corp. (TSXV: GGX) (OTC PINK: GGXXF) (the “Company” or “GGX”) is pleased to announce receipt of the first batch of channel sample analytical results from the current program of channel sampling along the C.O.D. vein in the Gold Drop Southwest Zone. To date trenching has exposed over 160 meters of this vein. The first batch of channel samples came from the southern extent of the C.O.D. vein. The samples, collected across the vein covered a total of 30 meters at approximately 1.5 meter intervals. These samples taken across the vein were approximately 1 meter long.

To view an image of the Vein area where the sample was taken, please click on the following link: https://www.accesswire.com/uploads/GGX%20July%2019%201%20new.jpg

Samples were submitted to ALS Minerals and analyzed for gold by screen metallic fire assay and for 33 elements (including silver) by four acid and ICP-AES. The samples returned significant gold and silver values. All of the samples were anomalous in gold ranging from 0.24 g/tonne to 6.12 grams per tonne gold. GGX Gold has submitted an additional 52 channel samples for analysis. The Company is continuing its sampling program along the C.O.D vein and will be submitting further samples in the days ahead. Samples and corresponding gold and silver analyses from the first batch of channel samples are listed in Table 1.

The Company is currently drilling and will provide an update of drilling activities shortly

To view images of the Sample being cut out of the vein, please click on the following links:

https://www.accesswire.com/uploads/GGX%20july%2019%202%20new.jpg

 

https://www.accesswire.com/uploads/GGX%20July%2019%203%20new.jpg

Table of the first 16 C.O.D. Channel Sample Results

  • Channel Sample Intervals were taken every 1.5 Meters
  • Samples were taken over 1 meter across the Vein
SAMPLE Au Total (+)(-) Combined Ag
DESCRIPTION g/tonne g/tonne
S423761 0.48 4.3
S423762 0.45 3.4
S423763 1 7
S423764 0.64 6.3
S423765 4.16 37
S423766 2.63 19.9
S423767 2.38 26.4
S423768 2.62 31.4
S423769 0.93 11.4
S423770 3.97 28.8
S423771 0.72 6.3
S423772 0.51 3.7
S423773 0.56 5.8
S423774 0.24 1.8
S423775 1.32 9.1
S423776 6.12 72.8

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 Contact:
Mr. Jack Singh
604-720-6598
E-mail: ir@ggxgold.com

Excavator Program Exposes Vein over 160 Meters Multiple Showings of Visible Gold on the Gold Drop Property Historic Gold Camp Greenwood BC $GGX.ca

Posted by AGORACOM-JC at 10:32 AM on Tuesday, July 4th, 2017

  • Excavator Program Exposes Vein over 160 Meters Multiple Showings of Visible Gold
  • Trenching program has now doubled the size of exposed Vein from 80 meters as reported in the June 15th News Release to 160 Meters and it appears to continue along strike

Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce its excavator trenching program has now doubled the size of exposed Vein from 80 meters as reported in the June 15th News Release to 160 Meters and it appears to continue along strike. The vein is located in the Gold Drop Southwest Zone. As well the company is continuing to channel sample the newly exposed area. The company plans to begin a drilling program shortly and has spotted the first 15 holes along the newly exposed Vein. Drill pads are being constructed and discussions have been underway with contractors.

 

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

 

The company also would like to report that there have been multiple locations were visible Gold has been spotted in bedrock throughout the property. As such the company is currently in the process of increasing security in various locations in and around the property with Wireless cameras and fencing.

 

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

 

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

 

The Gold Drop property covers geologically prospective ground in the well-mineralized Greenwood Mining Division. The property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined (Gold Drop, North Star, Amandy and Roderick Dhu veins).

 

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

June 2017 Trenching at Gold Drop Southwest Zone (area of historic C.O.D shaft)

 

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

 

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.

GGX Gold Announces Purchase of Proprietary Mobile Processing Plant for Gold Drop Property Historic Gold Mining Camp Greenwood BC $GGX.ca

Posted by AGORACOM-JC at 8:27 AM on Thursday, June 29th, 2017

  • Amended terms of its asset purchase agreement with Munroe Materials Inc. a private Manitoba corporation
  • Assets to be acquired from Munroe include a processing plant, equipment and related assets

GGX Gold Announces Purchase of Proprietary Mobile Processing Plant for Gold Drop Property Historic Gold Mining Camp Greenwood BC

Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce amended terms of its asset purchase agreement (the “Amended Agreement”) with Munroe Materials Inc. (“Munroe”), a private Manitoba corporation.

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

Pursuant to the Amended Agreement, Munroe and the Company agreed to reduce the purchase price of the Assets (defined below) from $250,000 to $200,000 and for the remaining $150,000 due ($50,000 paid to date) under the Amended Agreement to be paid by the Company through the issuance of 750,000 common shares at a deemed price of $0.20 per common share.

Assets to be Acquired

The assets to be acquired from Munroe include a processing plant, equipment and related assets (the “Assets”).  The equipment consists of a proprietary mobile ore sampler involving a unique process for onsite collecting, reducing, and concentrating minerals from host rock. This mobile platform enables the miner to perform bulk sample testing directly at the mine site, or on a promising mineralized outcrop. The system can be modulated for speed and can process up to 5 tons of ore per hour. This process curtails the need for a tailings pond as all water is recycled.

GGX intends to use the Assets for exploration on its Gold Drop Property to help in determining the economic potential of multiple quartz veins throughout the property.

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

About Munroe Materials Inc.

Munroe is a private Manitoba company in the business of developing innovative mineral processing plants. Munroe has certain intellectual property related to the processing of ore. GGX and Munroe intend to explore the possibility of patenting this process.

GGX expects to complete the purchase of the Assets on or before the end of July 2017. Further details of the Assets will be provided when GGX completes such purchase. There can be no assurance that the acquisition of the Assets will be completed as proposed or at all.  See the Company’s news release on March 27, 2017 for further details.

On Behalf of the Board of Directors

Barry Brown, Director

604-488-3900

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.

Bright Outlook For Gold and The following $AMK.ca $EXS.ca $GGX.ca $GR.ca $MQR.ca $OPW.ca

Posted by AGORACOM-JC at 11:51 AM on Wednesday, June 21st, 2017

Several analysts point out that the outlook for gold and, by association, gold stocks, is bright despite rising US interest rates.

  • Demand in India and China rebounds sharply in recent months
  • Trend towards increased use of scrap gold reverses over past five years
  • Divergence in cash costs between USD and non-USD denominated companies

By Eva Brocklehurst

Gold retains a role as both an investment and defensive asset and analysts believe it will remain an important part of portfolios for both the private sector and central banks. Gold is a store of wealth in unstable times and such times prevail.

ANZ analysts expect increased political uncertainty in the US will support gold in the short term despite higher interest rates. Gold prices are forecast to push past US$1300/oz over the next 12 months and there are positive long-term prospects as well.

In the wake of the US Federal Reserve’s recent increase to its Fed Funds rate, and if the three rate rises in the current cycle are anything to go by, Bell Potter also considers the outlook positive for gold. Typically, rising interest rates are considered negative for gold because of the increased opportunity cost of holding an asset with no yield. As the gold price is appreciating amid rising interest rates in the US this signals to the broker that both inflation and safe-haven trade are key themes in the gold market.

The ANZ analysts do not envisage rising US interest rates as a negative. Gold has rallied in all but one of the past seven rate-hike cycles since the 1970s. Gold has also outperformed when interest rates were increasing relatively slowly. Furthermore, the analysts believe, if the US political situation worsens this year, there is a possibility gold prices will breakthrough US$1300/oz. Safe-haven buying is a strong driver of investor demand and is usually sparked by macro shocks or political instability.

Emerging markets should drive demand for physical gold for some time and China and India are already the world’s largest gold consumers. Demand in India and China has rebounded sharply in recent months and the analysts observe the issues around de-monetisation in India are abating, while there has been a sharp pick up in China’s gold imports, which suggests previous constraints have eased.

Growth in salaries, automobile sales and passenger air travel in India is expected to support the country’s gold market over the next year as India’s gold demands tend to correlate with income growth. Gold holdings are also likely to increase at central banks and most of the future buying is expected from central banks in emerging markets as they move closer to developed world levels.

China is likely to dominate the recovery in the gold price as Asian financial centres open up and the ANZ analysts find no reason why Shanghai should not become a major centre for gold trading, provided the appropriate institution and legal reforms take place. Asia is expected to account for over half of the global economy by 2050.

Supply

On the supply side prices are supported by the fact that gold mines cannot expand rapidly. Gold production has risen by an average of just 0.9% since 1995, year-on-year. Mine supply remains the primary source of gold and the trend towards increasing use of scrap has reversed over the past five years. New gold in total supply rose to over 70% in 2016.

Those countries driving the growth in the primary source of gold are ones best place to do so in the future, the analysts assert. Gold reserves are concentrated, at around 70%, in just 10 countries and Australia and South Africa have the largest unmined reserves. Meanwhile, scrap supply is volatile and the extraction from recycled electronics costly, so scrap gold is heavily influenced by both the price of gold and economic cycles.

As the ASX gold index is now down -3% year-to-date, Bell Potter believes the best performances are being driven by company-specific catalysts among the single-mine producers and successful explorers. The broker observes, while the gold price has not cracked US$1300/oz yet, it has established a pattern of higher lows and higher highs.

With a relatively steady exchange rate the Australian-dollar gold price has followed a similar track. The broker also believes relative outperformance of equities versus gold bullion is an indicator of positive sentiment.

Meanwhile, the costs associated with gold mining have fallen globally by around 15% over the past three years. Most of the reductions have been made in operating or production costs. The biggest cost reductions have been experienced in Australia, the ANZ analysts observe, where total cash costs have declined an average -30% since 2012.

Two factors, exchange rates and oil prices, have helped drive costs down and the analysts estimate around 60% of gold mining costs are based in local currency terms and around 10-12% related to oil prices. Indonesia, South Africa, Australia and Canada appear to have been the biggest beneficiaries in this regard.

Divergence In Cash Costs

Citi has highlighted a divergence between the cash costs of US dollar-denominated and non-US dollar-denominated companies. South African gold producers, in particular, have sustained all-in cash cost hikes of 16% while those of US dollar-denominated companies declined by -2.7%. Citi expects that a strengthening South African rand will continue to put pressure on South African gold stocks as will rising capital and exploration expenditure.

The broker expects costs in the industry to rise this year as years of under-investment unwind, especially if a stable, or higher, gold price prevails. Citi believes consensus expectations do not appropriately reflect the rising costs and maintains a bearish view on the sector, particularly South African gold stocks.

Based on recent changes to the underlying MVIS Junior Gold Miners index and significant changes to the GDXJ methodology in the US, Macquarie expects the main impact will be on North America markets. Yet, key beneficiaries in the Australian context are Newcrest Mining ((NCM)), Evolution Mining ((EVN)), Northern Star ((NST)) and OceanaGold ((OCG)).

These stocks have been are seen returning to the index as the eligibility band is widened. Smaller stocks are expected to suffer as a result of the re-balance. Macquarie believes investors should keep buying quality in good jurisdictions where there are cornerstone assets.
Source: https://www.fnarena.com/index.php/2017/06/19/bright-outlook-for-gold/

Monarques Gold Strengthens its Technical Team $MQR.ca

Posted by AGORACOM-JC at 8:57 AM on Wednesday, June 21st, 2017

To be the leading explorer and developer of gold properties in the Val D&Or / Abitibi Camp (CNW Group/Monarques Gold Corporation) (CNW Group/Monarques Gold Corporation)

MONTREAL, June 21, 2017  – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce that Elisabeth Tremblay, P.Geo., M.Sc., has been appointed to the position of Senior Geologist – Communications, and Martin Lacaille Dufresne, Geo., B.Sc., has been appointed as a geologist for the Corporation.

Ms. Tremblay has over 20 years of experience working as a professional geologist in gold, nickel and base metal exploration throughout Québec and occasionally in Latin America. She was employed by Falconbridge up until 2005, when she began working for junior mining companies such as Boreal Exploration, Everton Resources, Focus Metals and Osisko. Prior to joining Monarques Gold Corporation, she spent six years as Senior Geologist – Communications Specialist at Adventure Gold (now Probe Metals). Ms. Tremblay has a bachelor’s degree in geology from the Université du Québec à Montréal and a master’s degree in earth sciences from the Université du Québec à Chicoutimi. She is a member of the Ordre des géologues du Québec.

Mr. Lacaille Dufresne has over 7 years of professional experience, as a geologist for Quebec’s Ministry of Energy and Natural Resources, Canadian Royalties and Agnico Eagle, and more recently as a supervisor for mineral analysis laboratories. Mr. Lacaille Dufresne has a bachelor’s degree in earth and environmental sciences from the Université du Québec à Montréal and is a member of the Ordre des géologues du Québec.

“With the recent increase in our exploration activities, we decided to strengthen our technical team in order to make faster progress on our exploration projects,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “We are therefore very pleased to welcome Ms. Tremblay and Mr. Lacaille Dufresne to the Monarques team. Their expertise will be a great help for the ongoing drilling program on the Croinor Gold property, as well as for our future exploration efforts. Ms. Tremblay will also oversee the Corporation’s communications activities, which she has done successfully for a number of other mining companies in the past.”

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties (see map) along the Cadillac Break, as well as its main asset, the Croinor Gold mine, which has great potential to become a producing mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec’s Ministry of Energy and Natural Resources.

(Watch our latest Corporate Video)

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques’ actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. 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 press releasse

SOURCE Monarques Gold Corporation

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2017/21/c3805.html

Jean-Marc Lacoste, President and CEO, 1-888-994-4465 x 201, jm.lacoste@monarquesgold.com, www.monarquesgold.comCopyright CNW Group 2017

INTERVIEW: Monarques Gold Discusses Aggressive Work Program on Fully Permitted Croinor Gold Mine $MQR.ca

Posted by AGORACOM-JC at 12:08 PM on Friday, June 9th, 2017

Gold Drop Property Multiple Gold Bearing Rock Samples including 19.6 g/t Gold at Historic C.O.D Shaft and 14.1 g/t Gold at New Vein Showing Greenwood $GGX.ca

Posted by AGORACOM-JC at 8:54 AM on Thursday, June 8th, 2017

Ggx large

  • Seven grab quartz vein samples collected at the Gold Drop Southwest Zone returned in excess of 1 gram per tonne gold (g/t Au)
  • Two of these samples exceeded 10 g/t Au including a sample adjacent to the historic C.O.D. shaft (19.65 g/t Au) and a bedrock vein sample along a new access road which returned 14.1 g/t Au

Vancouver, British Columbia – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce analytical results for initial rock samples collected during May 2017 at its high-grade Gold Drop property, located near Greenwood in southern British Columbia. Seven grab quartz vein samples collected at the Gold Drop Southwest Zone returned in excess of 1 gram per tonne gold (g/t Au). Two of these samples exceeded 10 g/t Au including a sample adjacent to the historic C.O.D. shaft (19.65 g/t Au) and a bedrock vein sample along a new access road which returned 14.1 g/t Au. This new vein showing is approximately 680 metres northeast of the C.O.D. shaft. The property covers geologically prospective ground in the well-mineralized Greenwood Mining Division. The property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined. One focus of the current work is to locate and sample reported veins and document historic workings. Such work was conducted in the Gold Drop Southwest Zone during May 2017.

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

During May 2017 the Company collected multiple rock samples at the Gold Drop Southwest Zone. Gold and silver bearing veins are reported in this area including the C.O.D. and Tel 2 gold – silver vein occurrences (B.C. MINFILE Occurrence No. 082ESE285 and082ESE287). The Company located the C.O.D. vein and historic C.O.D. shaft and other historic trenches and pits in this area during May. Rock samples were collected during the program at the C.O.D. vein at and close to the C.O.D. shaft; and from quartz veins northeast and northwest of the C.O.D. shaft. The samples were submitted to ALS Minerals in North Vancouver for gold analysis (Fire Assay and AAS). Select samples were also analyzed for 33 additional elements (Four Acid and ICP-AES). The Company has received analytical results for the first 20 samples collected. Seven of these rock samples exceeded 1 g/t Au (all being grab rock samples), listed in the following table:

Sample No. Au (g/t)   Comments
      Sample from southwest striking C.O.D. quartz vein (approximately 1 metre wide)
V108001 19.95 at historic  C.O.D. shaft.
V108002 1.20 Sample from C.O.D vein 15 metres southwest of V108001.
      Sample from pyrite bearing, southwest striking quartz vein (approximately 1
      metre wide) at historic shaft approximately 750 metres northeast of sample
V108003 2.93 V18001.
      Sample from pyrite bearing, newly exposed quartz vein (approximately 0.5
      metres wide) along new road. Approximately 80 metres southwest of sample
V108005 14.10 V108003 and approximately 680 metres northeast of V108001 (C.O.D. shaft).
      Sample of quartz vein from small pit approximately 40 metres northeast of
V108007 2.03 sample V108003.
      Sample of quartz vein from small pit approximately 170 metres northeast of
V108008 2.11 sample V108003.
      Sample of quartz vein (approximately 0.5-0.75 metres wide) from small pit
V108011 2.02 approximately 420 northwest of sample V108001.

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

This historic C.O.D. shaft is reported to be approximately 21 metres deep, and reported to have been sunk around 1900 on a gold bearing quartz vein (C.O.D. occurrence). The shaft was reported to have been de-watered in 1983 with the vein in the shaft being sampled. Historic 1980s trenches reportedly traced the vein to the southwest to the Tel 2 occurrence. The quartz vein in the shaft (C.O.D occurrence) is reported to be 1.22 metres wide, striking northeast – southwest. A 1988 diamond drill hole reported adjacent to the shaft was reported to intersect 7.4 g/t Au and 86.8 g/t Ag over 0.75 metres (true width of mineralization not reported). Chip samples during 1983 from the vein were reported to average 10.3 g/t Au and 102.6 g/t Ag over a length of 1.2 metres. A 1988 quartz vein grab sample from a trench southwest of the C.O.D. shaft was reported to return 20.8 g/t Au and 115.6 g/t Ag (Tel 2 gold and silver occurrence). This 1988 sample was reported as banded chalcedonic quartz.

Excavator trenching is underway now to further expose and trace the gold being veins sampled in May. Trenching in the area of sample V108005 is a high priority to Company management. This newly exposed quartz vein is on the approximate northeast trend of the C.O.D. vein. Samples V108003, V108007 and V108008 were also collected in this general area and further northeast of V108005. Trenching will test the area between the C.O.D shaft and this area of gold bearing veins.

Historic shaft in southwest region of Gold Drop Property

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

 

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

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

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/ggxgold06082017.pdf

GGX Gold Corp Provides Update on 2017 Exploration Program on the Gold Drop Property $GGX.ca

Posted by AGORACOM-JC at 8:56 AM on Tuesday, May 30th, 2017

Ggx large

  • Announced an update for the 2017 exploration program at its high grade Gold Drop property, located near Greenwood in southern British Columbia
  • Focus of the current work is to locate and sample reported veins and document historic workings
  • Exploration program will focus on 6 priority areas, covering areas of gold and silver bearing veins

Vancouver, British Columbia – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce an update for the 2017 exploration program at its high grade Gold Drop property, located near Greenwood in southern British Columbia. The Company has also expanded the Gold Drop property to the west by staking of additional mineral claims. The property now covers an area of approximately 4200 hectares. The property covers geologically prospective ground in the well-mineralized Greenwood Mining Division. The property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined. The focus of the current work is to locate and sample reported veins and document historic workings.

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

The 2017 exploration program will focus on 6 priority areas, covering areas of gold and silver bearing veins (B.C. MINFILE occurrences and other veins reported in historic B.C. assessment reports). These priority areas are the Gold Drop – North Star vein system, Ken vein and Silent Friend veins in the eastern region; Amandy vein and Roderick Dhu vein in the northwest region; and Tel – C.O.D. veins in the southwest region (Southwest Zone). An area of high grade gold and silver mineralization discovered in 2015 at a trench at the North Star vein is high priority target for the Company. Grab samples from this trench returned 159 g/t Au (grams per tonne) and 744 g/t Ag, 12.2 g/t Au and 78 g/t Ag; and 12.5 g/t Au and 100 g/t Ag.

Phase I of the 2017 work program on the Gold Drop property is currently underway with initial focus on the Gold Drop Southwest Zone. Gold and silver bearing quartz veins are reported in this region of the property. One reported quartz vein in this region is referred to as the C.O.D. The northeast-southwest striking C.O.D. vein is reported to be traced by a series of shafts and pits for a distance of 1500 metres and reported to have a maximum width of 1.5 metres at surface. The Company has located historic workings during May in the area of this reported vein, including shafts and trenches. One located shaft is the C.O.D shaft which is reported to be approximately 20 metres deep. A 1988 quartz vein grab sample from a trench in this region southwest of the C.O.D. shaft was reported to return 20.8 g/t Au and 115.6 g/t Ag (Tel 2 gold and silver occurrence)

The Company has located and sampled new exposures of a vein interpreted by Company management to be the C.O.D. vein. New showings of this vein have been exposed by recent logging activity in the area. Several of these exposures were sampled during May. These have been further exposed in May by excavator pitting and hand trenching

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

Historic shaft in southwest region of Gold Drop Property

Banded chalcedonic quartz has been reported in a historic trench southwest of the C.O.D shaft. This material is of possible epithermal origin. A historic sample was reported to return s of 0.608 oz./ton Au (20.8 grams / tonne) and 3.38 oz./ton Ag (115.8 grams / tonne). These historic trenches were located in May but have filled in over time. The Company has identified the area of the C.O.D. vein and the reported chalcedonic quartz as a trenching target.

Other discoveries during May include an exposure described by Company personnel as a chalcedonic vein breccia. This exposure is located further northeast of the C.O.D. shaft.  Due to the steepness of the area the vein has been hand trenched and chip sampled.

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

Mineralized quartz stockwork has also been discovered, hand trenched and sampled in a 1 metre shear zone striking east – west (steeply dipping). The host rock is silicified with pyrite and trace bornite. Native copper has also been observed. Nearby is a heavily altered, limonite stained shear with rare quartz stringers.

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

A silicified granodiorite dyke with significant quantities of arsenopyrite, pyrite and trace amounts of chalcopyrite, bornite and native copper has been located within the newly staked western claims. This showing was exposed by hand trenching during May. Chip sampling has been conducted at this exposure with samples submitted for analysis.

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

A total of 39 rock samples have been collected during May, 2017 on the Gold Drop Southwest Zone. These samples have been submitted to ALS Minerals in North Vancouver for gold analysis. Multi-element analysis is also being conducted for select samples.  Gold and multi-element analyses are pending.

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

 

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/ggxgold05302017.pdf

Source: GGX Gold Corp. (TSX Venture:GGX)

To follow GGX Gold Corp. on your favorite social media platform or financial websites, please click on the icons below.

FEATURE: Monarques Gold (TSX-V: MQR) Flagship Croinor Gold Mine Has Great Potential To Become A Producer $MQR.ca

Posted by AGORACOM-JC at 3:01 PM on Monday, May 29th, 2017

Monarquesgold hub large

Why Monarques Gold?

  • Flagship Croinor Gold Mine Has Great Potential To Become A Producer
  • Company Is Well Financed, Including $9 Million In Credits From Quebec Government
  • Recently acquired 750 ton-per-day Beacon mill
  • Major Shareholders include: Rob McEwen and Nemaska Lithium

Croinor Gold Property

Flagship project at the prefeasibility stage

  • 100% interest in the Croinor Gold property, a gold mine project that is currently at the prefeasibility stage
  • Property consists of one mining lease and two non-contiguous blocks of claims for a total of 335 claims over a 151 km² area. A 1.5% NSR is applicable on the mining lease and only 44 claims.
  • Drilling program will test a diorite-hosted gold-bearing zone that returned grades of up to 38.7 g/t Au over 3.8 metres in historical drilling (see release)

WATCH OUR CORPORATE VIDEO

Check Out Croinor Gold
Prefeasability Study

Simkar Gold Property

NI 43-101 Gold Resource 20 km from Val-d’Or

  • 100% interest in the Simkar Gold property
  • located 20 kilometres east of Val-d’Or, in the heart of the Abitibi Greenstone Belt.
  • Comprised of two mining concessions and 15 claims covering an area of 5 km², and is subject to a 1.5% NSR.
  • NI 43-101 (click here)

The Simkar Gold property is the result of a merger of the Simkar and Texsol properties. The transaction was announced by way of press release on June 26, 2014.

Regcourt Gold Property – Val d’Or

  • 100% interest in the Regcourt Gold property
  • Property is located at the eastern end of the Val-d’Or gold mining camp, some 30 km east of Val-d’Or, and is easily accessible via Route 117.
  • Consists of 94 claims covering an area of 38 km2 near the centre of the western border of Vauquelin Township
  • Property is subject to a 1.5% and 2.5 % NSR.

 

12 Month Stock Chart

GGX GOLD Initiates its Market Awareness Campaign Starting June 1 2017 $GGX.ca

Posted by AGORACOM-JC at 10:48 AM on Thursday, May 25th, 2017

Ggx large

  • Company will receive significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months
  • Exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of the Company among small cap investors

Vancouver, British Columbia  – GGX Gold Corp. (TSXV: GGX)   (the “Company” or “GGX”)  is pleased to announce GGX Gold Launches AGORACOM Online Marketing and Awareness Program

The Company will receive significant exposure through millions of content brand insertions on the AGORACOM network and extensive search engine marketing over the next 12 months. In addition, exclusive sponsorships of invaluable digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of the Company among small cap investors.

Barry Brown, Director stated, GGX Gold has commenced building out its Market awareness strategy which will have several components initiating over the next month.  AGORACOM has proven to be a leader in the online marketing space. We are delighted to have retained their services to expand our online presence…”

About AGORACOM

AGORACOM is the pioneer of online investor relations, online conferences and online branding services to North American small and mid-cap public companies, with more than 250 companies served. More than just lip service, AGORACOM achieved two very big milestones on January 22, 2017, surpassing 50 Million Visits from 7 Million investors on AGORACOM.  The company also expect to surpass 500 Million page views later this year.

AGORACOM traffic ranks within the top 0.5% of all websites around the world. These traffic results are independently tracked and verified by Google analytics. AGORACOM traffic can be attributed to its strategy of maintaining the cleanest, moderated small-cap discussion as a result of implementing the first ever Investor Controlled Stock Discussion Forums.

AGORACOM Founder, George Tsiolis, publishes the leading blog on small to mid cap investor relations. His 50 Small-Cap CEO Lessons are a must read for CEO’s looking to increase their education and knowledge about online investor relations.

About GGX Gold Corp.

GGX GOLD CORP. (TSX-V: GGX) is a gold exploration company primarily focused in southern BC: The Gold Drop mine in Greenwood has permits in place for drilling and trenching. GGX’s current strategy is to prove up existing reserves and begin small scale production on the Gold Drop mine.

Shares for Services Program
The Company intends to issue shares for services to AGORACOM in exchange for the online advertising, marketing and branding services (“Advertising Services”). Pursuant to the terms of the agreement, the company will be issuing;

TERM: June 1, 2017 – June 1, 2018

FEES:  $CDN 40,000 + GST to be paid via Shares for Services over the term

  • Collateral Marketing Materials;
  • Custom HUB;
  • Advertising Modules (Banner, Skyscraper, Big Box)
  • Marketing Plan

The number of shares to be issued at the end of each period will be determined by using the closing price of the Shares of the Company on the TSX Venture Exchange on the first trading day following each period for which the Advertising Services were provided by AGORACOM.

The agreement/arrangement is subject to TSX-V approval.

The term of the Agreement is for 12 months effective June 1, 2017. The Company will issue a press release after the issuance of shares under the terms of the agreement.

On Behalf of the Board of Directors

Barry Brown, Director

604-488-3900

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.