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GGX Gold Receives Assay Results from the Gold Drop Property, including 297 g/t Au and 1290 g/t Ag, Greenwood BC $GTT.ca $TUE.ca $MTB.ca

Posted by AGORACOM-Eric at 8:15 AM on Wednesday, November 8th, 2017

 

  • Grab Sample Assays focused on Gold Drop Property
  • Soil sampling and prospecting occurred at Southwest and Main Zone on Gold Drop Property
  • New vein exposure in a small, 2 meter deep historic adit 175 meters north of the C.O.D. trench.

Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce the receipt of grab sample assay results from the high grade Gold Drop Property located near Greenwood in southern British Columbia. The 2017 fall program on the gold Drop Property consisted of soil sampling and prospecting. The program was located in the Gold Drop Southwest Zone and Gold Drop Main Zone.  A total of 11 samples returned values above 1 g/t Au.

 

 

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The soil sampling program in the Gold Drop south west zone helped identify a new vein exposure in a small, 2 meter deep historic adit 175 meters north of the C.O.D. trench. The adit is driven on a North-south striking quartz vein that is on strike with the C.O.D. Vein, and appears to be of the same Detonia/Jewel style quartz vein. (News Release of Sept 1, 2017). Another vein exposure north of the trench was also located by hand pitting on local quartz float. Both of these exposures have been sampled and returned promising results. Bedrock quartz samples from the small hand pit material returned values of 4.97 g/t and 30.7 g/t Ag. Samples of boulder material found outside of the small adit returned values of 1.28 g/t Au and 6.97 g/t Ag.

 

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

Part of the fall prospecting focused on locating and sampling the Silent Friend and Ken veins near the Gold Drop Main Zone. Both of these returned significant values including 297 g/t Au and 1290 g/t Ag sampled in dump pile quartz from what is believed to be the southern Silent Friend showing. Samples of dump pile material from a mineshaft north of this exposure assayed 6.98 g/t Au and 38.6 g/t Ag. Material from a mineshaft to the south, speculated to be the Ken mineshaft, assayed 4.47 g/t Au and 23.0 g/t Ag.

 

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

 

Time was also spent prospecting 6 crown grants in the central portion of the Gold Drop Property. These grants are southwest of the Dentonia mine. Several historic trenches pits and workings were found and sampled. A sample collected in one of these exploration pits assayed 6.13 g/t Au and 30.3 Ag.

All samples collected during the fall prospecting and soil sampling program were submitted to ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay and for 48 Elements by Four Acid and ICP-MS.

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

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Glacier Lake $GLI.ca Announces New Discovery at Silver Vista Hinting at Pollymetallic System $JAX.ca $AMI.ca $GTT.ca

Posted by AGORACOM-Eric at 7:43 AM on Thursday, November 2nd, 2017

  • New Discovery is called the “Golden Vista Zone”
  • Golden Vista Zone is 22 km northwest of the principal target, the “MR” copper-silver prospect
  • 2cm massive pyrite-galena stringer within siliceous, altered mineralized sediments
  • 16.90 grams per tonne gold (g/t Au), 196.0 g/t (Ag) silver, 12.6 percent (%) lead (Pb), 11.9 percent zinc (Zn)

Glacier Lake Resources Inc. (TSXV:GLI) (“Glacier” or the “Company”) is pleased to report multiple new mineral showings in an area designated as the “Golden Vista Zone”, located on the Silver Vista property, near Smithers, B.C. The highlight is an outcrop select grab sample including a 2 centimetre massive pyrite-galena stringer within siliceous, altered mineralized sediments, returning 16.90 grams per tonne gold (g/t Au), 196.0 g/t (Ag) silver, 12.6 percent (%) lead (Pb), 11.9 percent zinc (Zn).  Investors are cautioned that these samples are selective samples and are not necessarily representative of the mineralization hosted on the property.

The Golden Vista Zone area is approximately 22 kilometers northwest of the principal target, the “MR” copper-silver prospect. Highlights of the recent Golden Vista discoveries include:

  • The mineral showings are in a minimally explored area of the property, with no previously known mineral showings or historic prospects. The new showings resulted from a limited prospecting-geological mapping program, involving a 3-4-person crew, serviced by helicopter from Smithers. In total 28 grab rock samples were taken from outcrop or subcrop locations while prospecting, and 53 soils samples were taken.
  • Target GV-2 is located in a steeply incised stream drainage and comprises three outcrop grab samples, hosting semi-massive sulphides (pyrite-galena) in altered, siliceous, gossanous sediments. Sample #02681 returned 5.37 g/t Au, 110.0 g/t Ag, 5.05 % Pb, and 11.60 % Zn from a pyrite-galena gossan. Sample #02681 assayed 16.90 g/t Au, 196.0 g/t Ag, 12.60% Pb and 11.90% Zn from a 2 cm massive sulfide vein. Sample #16079 is comprised of coarse grained galena in a highly silicified sedimentary unit, which returned 4.47 g/t Au, 34.00 g/t Ag, 1.72% Pb, and 5.02% Zn. The GV-2 zone is a high priority target for follow-up.
  • Target GV-1 was investigated to confirm gold-and-silver soil anomalies from wide spaced (+/- 300 meter spacing) reconnaissance soil sampling completed in 2012-2013, in an area of rugged topography. Soil sample #2668 from this location returned 0.34 g/t Au, 15.45 g/t Ag, 0.29% Pb, and 0.26% Zn. Soil sample #2669, nearby returned 1.68 g/t Au, 28.90 g/t Ag, 0.44% Pb, and 0.36% Zn. Outcrop rock samples from the same location of altered, gossanous sediments returned anomalous gold values of 0.141 g/t Au and 0.118 g/t Au, suggestive that the source of the soil geochemical anomalies may be further up-slope.
  • The GV-1 target alteration zone was projected to the south-east and an outcrop location approximately 350 meters along strike was discovered comprising siliceous, moderately gossanous sediments. Three chip samples were taken at this location, with anomalous gold (0.04, 0.18 and 0.26 g/t Au), and silver, (4.6, 7.1, and 16.3 g/t Ag), and strongly anomalous lead (0.65, 0.12, and 1.11% Pb). These anomalous values and associated metals (arsenic, antimony and mercury) are supportive of structural continuity of the GV-1 alteration/mineralized zones.
  • Target GV-4 was tested by three soil samples with anomalous gold values. Soil sample #16082 returned the highest gold-in-soil value of the fall survey, with 2.75 g/t Au, 3.4 g/t Ag, and 781 ppm (parts per million) Pb.
  • Three other targets are defined by anomalous soil and/or rock geochemistry in the Golden Vista area.  Outcrop exposure is modest and soil sampling remains an effective tool to define buried targets. The Golden Visa discoveries are in an area 1,400 meters by 1,000 meters. Several anomalous gold-in-soil anomalies were not visited during the recent program.
  • A preliminary analysis of the soil and rock geochemistry suggest that the Golden Vista mineralization is representative of an enhanced gold- silver-lead-zinc system. Silver values in the soils are enriched and widespread, with more than 37% of the soil samples returning +1.0 g/t Ag in the soils. The 90% percentile of the 53 soil samples is 0.11 g/t Au, 3.2 g/t Ag and 880 ppm lead (Pb).

Saf Dhillon, President/CEO and Director of Glacier Lake Resources Inc. reports that, “The results of our recent reconnaissance program have exceeded our expectations, with the discovery of multiple showings returning significant precious and base metals. These new showings indicate an exciting new style of mineralization on the Silver Vista property. While our short-term focus will be on a Phase 1 drill program to test the zone of high-grade copper and silver mineralization at the “MR” area, the Golden Vista zones will be an important exploration target for next summer’s field season.”

All samples from the Golden Vista surface program were sent to the ALS Minerals Ltd. North Vancouver, BC laboratory, an 17025:2005 certified facility. All samples were collected by Exploration Facilitation Unlimited Inc. personnel and securely stored until delivery to ALS Minerals. At this early stage of exploration, Glacier Lake is relying on the certified standards utilized by ALS Minerals as part of it analysis protocols. No QA/QC anomalies were noted in the analyses.

The technical content of this news release has been reviewed and approved by R. Tim Henneberry, P.Geo., a member of the Glacier Lake Advisory Board and a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Contact information:

Satvir Dhillon, President & CEO
Glacier Lake Resources Inc.
Ph: 604-688-2922
Email: [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)