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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 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.

 

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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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$GZD.ca Kinross’ KG Exploration Completes 2017 Exploration and Drilling on 75% Option from Grizzly

Posted by AGORACOM at 9:38 AM on Tuesday, October 3rd, 2017
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  • 1100 Metres of drilling on 2 properties
  •  Assessment Report for the Greenwood Property by early 2018
  • KG expenditures on track to complete option on property

Edmonton, Alberta–(Newsfile Corp. – October 3, 2017) – Grizzly Discoveries Inc. (TSXV: GZD) (OTC Pink: GZDIF) (FSE: G6H) (“Grizzly” or the “Company”) is pleased to announce that it has been advised by Kinross Gold Corporation’s wholly owned subsidiary, KG Exploration (Canada) Inc. (“Kinross”) that it has completed its 2017 work program on the Grizzly Greenwood property, located near Greenwood in southern B.C.

The portions of Grizzly’s Greenwood Project being explored by Kinross are 100% owned by Grizzly Discoveries Inc. and includes 131 claims that form a contiguous package totaling approximately 27,346 hectares, representing approximately one third of Grizzly’s land holdings at Greenwood. Under the terms of a September 2015 agreement, KG Exploration (Canada) Inc. can earn a 75% interest on the optioned land pursuant to an Option Agreement with Grizzly on portions of its land holdings in southeastern British Columbia, by incurring US$3 million in exploration expenditures over a five year period. By the second anniversary of the agreement, 750 metres of diamond drilling must have been completed along with US$750,000 in expenditures by September 23, 2017.

KINROSS Reports Completed 2017 Work Program Highlights

● 1,129 metres diamond drilling at Mt Attwood-Overlander and Midway areas
● Generative work of mapping and sampling of high priority targets
● Cumulative expenditure total US $761,520

Kinross expects to complete an Assessment Report for the Greenwood Property by early 2018. By the completion of the aforementioned work program and drilling, Kinross has met its second anniversary obligations pursuant to the September 23, 2015 Greenwood option agreement.

ABOUT GRIZZLY DISCOVERIES INC.

Grizzly is a diversified Canadian mineral exploration company with its primary listing on the TSX Venture Exchange with 55.4 million shares issued, focused on developing significant Potash assets in Alberta and its precious metals properties in southeastern British Columbia. The Company holds over 227,000 acres of precious-base metal properties in British Columbia; more than 161,000 acres of properties which host diamondiferous kimberlites in the Buffalo Head Hills region of Alberta; and metallic and industrial mineral permits for potash totaling more than 40,000 acres along the Alberta-Saskatchewan border.

The content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael B. Dufresne, M. Sc., P. Geol., who is the Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

On behalf of the Board,

GRIZZLY DISCOVERIES INC.

Brian Testo, CEO, President
Tel: (780) 693-2242

For further information, please visit our website at www.grizzlydiscoveries.com or contact:

Nancy Massicotte, Investor Relations
IR PRO COMMUNICATIONS INC. 
Tel: 604-507-3377
Toll Free: 1-866-503-3377     
Email: [email protected]
www.irprocommunications.com

or

Ian Lambert
COO, Grizzly Discoveries Inc.
Tel: 416-840-9843
Email: [email protected]

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GGX Gold First Batch of Drilling Results Vein Intersects 24G/t Gold and 192 G/t Silver

Posted by AGORACOM at 10:43 AM on Monday, August 28th, 2017

 

  • COD Vein Intersects 24G/t Gold and 192 G/t Silver
  • COD vein has 160 meters of Strike to date
  • Drilling has confirmed the vein to a vertical depth of 120 feet, open at depth.

 

Vancouver, British Columbia – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), (the “Company” or “GGX”) is pleased to announce the first batch of analytical results from the Phase I diamond drilling program at the Company’s  Gold Drop Project near Greewood, BC.  The Company is currently exploring and defining the COD Vein, a Dentonia/Jewel style quartz vein, in the Gold Drop Southwest zone. Trenching during 2017 has exposed the northeast – southwest striking COD vein for over 160m strike length. To date analytical results for 68 trench channel samples have been received, with samples returning anomalous to high grade values for gold, up to 43.2 g/t Gold and 224 g/t Silver (News release of July 26, 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 120 feet (36.6 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 and for 33 other elements by Four Acid and ICP-AES. 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 the first nine drill holes in the C.O.D area. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold and silver grade is reported in grams per ton. The intervals below are from the vein and mineralization envelope intervals.  Other low grade mineralization intervals are found in the host rock.

 

 

 

HOLE ID From To Core interval Length Au gpt Ag gpt
COD17-2 8.96 9.36 0.4 1.86 11
COD17-2 11.5 12.14 0.64 5.08 40.4
COD17-3 15.93 16.15 0.22 8.76 68.9
COD17-3 16.15 16.63 0.48 24.1 192
COD17-4 10.54 11.82 1.28 1.64 11.4
COD17-4 11.82 12.97 1.15 0.75 5.5
COD17-4 22.53 23.19 0.66 3.22 31.2
COD17-4 25.04 25.48 0.44 3.16 33.7
COD17-5 27.37 29.26 1.89 4.11 53
COD17-7 5.55 6.05 0.5 0.82 5.1
COD17-7 6.05 6.57 0.52 1.21 9.6
COD17-8 11.67 12.37 0.7 1.69 14.8
COD17-9 14.5 15.23 0.73 7.37 55
COD17-9 15.98 16.33 0.35 14.85 164
COD17-9 16.33 16.96 0.63 0.26 3.1

 

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