VANCOUVER, BC / ACCESSWIRE / April 15, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“) is pleased to announce it has begun the spring 2019 diamond drilling program on the Gold Drop Property, located in Southern British Columbia. The drilling program will focus on the C.O.D vein located in the Gold Drop Southwest Zone. The Company intersected near-surface, high- grade gold, silver and tellurium within the C.O.D vein during 2018 diamond drilling, including:
GGX is kicking off its 2019 exploration program with drilling on the C.O.D vein (C.O.D stands for “Continuation of Dentonia”; the Dentonia is another gold-quartz vein in the camp that was historically mined). The C.O.D vein was first targeted by GGX in 2017. Initial sampling of the vein justified follow-up trenching and drilling. In 2018, the drilling program followed on and included a series of holes drilled to the south of the C.O.D trench that successfully extended the vein for a total length of nearly 400 meters and intersected high grade mineralization. The assay results (please refer to the Company’s website for News Releases announcing these results) include the following highlights:
Hole ID
Interval Length
Gold (gpt)
Silver (gpt)
Te (gpt)
COD17-14
16.03
4.59
38.64
COD18-3
2.1
14.62
150.2
102
COD18-26
1.4
10.3
1.09
0.2
COD18-32
1.51
3.67
67.2
30.4
COD18-33
2.98
8.65
47.6
37.3
COD18-34
3.41
6.16
72.4
31.0
COD18-37
3.95
8.23
67.36
38.53
COD18-45
2.05
50.15
375
COD18-46
1.47
54.9
379
COD18-49
1.47
9.52
118
72.2
COD18-54
1.66
7.6
60.2
34.1
COD18-61
1.38
5.29
32.4
31.4
COD18-63
1.17
28
424.7
150.4
COD18-67
7.28
129.11
1,154.90
823.0
COD18-68
2.76
8.77
85.4
56.3
COD18-69
7.46
5.76
67.9
61.2
COD18-70
6.9
107.5
880
640
For
2019, the drilling will be initially aimed at extending and in-filling
the ore shoot of high-grade gold-silver-tellurium mineralization that
was intersected in 2018. Following this, the Everest vein to the south,
and the C.O.D. extension to the north will be drill-tested.
The
highlights of the 2018 diamond drilling program are drill holes COD18-67
and COD18-70 that intersected near-surface, high-grade gold, silver and
tellurium in the southern extension of the C.O.D vein. COD18-67
intersected 129 grams per tonne (g/t) gold, 1154 g/t silver & 823
g/t tellurium over 7.28-meter core length while COD18-70 intersected 107
g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90-meter core
length (News Releases of January 11, January 18 and March 18, 2019). The
C.O.D. vein system is open along strike and at depth.
No
previous diamond drilling has been completed at the C.O.D. extension to
the north. The 2018 trenching program exposed numerous vein showings
with grab samples up to 15.45 g/t gold, 159 g/t silver Ag and 114.5 g/t
tellurium. A chip sample (0.4 meters long) returned 21.7 g/t gold, 216
g/t silver and 149 g/t tellurium (News Release of February 27, 2019).
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and
consultant for GGX Gold Corp., 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]
“We don’t have to do this, we get to do this” The Crew
Forward Looking Information
Tags: #BC, #Drill, #GGXgold, #silver, #tellerium, gold Posted in GGX Gold Corp. | Comments Off on GGX Gold $GGX.ca Begins Diamond Drilling Program On the Gold Drop Property, Southern British Columbia $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
Posted by AGORACOM
at 1:44 PM on Wednesday, April 10th, 2019
Fortis Metals,
the world’s leading producer of minor metals, recently forecast a
tellurium supply deficit that, “as of 2020 could be as big as a
staggering 370 metric tonnes.â€
Noting the rapidly-growing use of tellurium for thin-film solar panels, Fortis stated:
           “At the moment, we are still seeing (tellurium) inventories in China but these are being eaten away by the two main suppliers of First Solar (the world’s largest thin-film solar manufacturer). It is only a matter of time before the market will understand the new dynamics and prices will start to reflect the growing deficit. We would not be surprised to see prices break the previous record seen in 2011.â€
GGX
has produced some of the highest grade drill intercepts in the world
over the 2018 drill season, which compliment High Grade Gold intercepts
of:
COD18-67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28-metre core length;
COD18-70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90-metre core length.
FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp
Tags: #BC, #Drill, #GoldDrop, #silver, #tellerium, $GGX, gold Posted in GGX Gold Corp. | Comments Off on Client Feature: GGX Discovers Tellerium at GoldDrop along with 2018’s Highest Grade Drill Intercepts in the World over the 2018 Drill Season $GGX.ca $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
Posted by AGORACOM
at 8:38 AM on Wednesday, March 20th, 2019
VANCOUVER, BC / ACCESSWIRE / March 20, 2019 / GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“)
is pleased to announce it has begun preparing for the spring 2019
diamond drilling program on the Gold Drop Property, located in Southern
British Columbia. The program is scheduled to begin in early April. The
spring drilling program will focus on the COD vein located in the Gold
Drop Southwest Zone. The program will further test the southern
extension of the COD vein. The Company intersected near-surface, high-
grade gold, silver and tellurium in this part of the vein during 2018
diamond drilling.
The
highlights of the 2018 diamond drilling program are drill holes
COD18-67 and COD18-70 that intersected near-surface, high-grade gold,
silver and tellurium in the southern extension of the COD vein. COD18-67
intersected 129 grams per tonne (g/t) gold, 1154 g/t silver & 823
g/t tellurium over 7.28-meter core length while COD18-70 intersected 107
g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90-meter core
length (News Releases of January 11, January 18 and March 18, 2019). The
COD vein system has been traced by trenching and diamond drilling for
close to 400 meters along strike. The vein system is open along strike
and at depth.
Intersections
for 2017 and 2018 diamond drill holes at the C.O.D. vein include the
following (please refer to the Company’s website for News Releases
announcing these results):
Other
targets in the Gold Drop Southwest Zone include the COD north region.
No previous diamond drilling has been completed in this region. The 2018
trenching program exposed numerous vein showings with grab samples up
to 15.45 g/t gold, 159 g/t silver Ag and 114.5 g/t tellurium. A chip
sample (0.4 meters long) returned 21.7 g/t gold, 216 g/t silver and 149
g/t tellurium (News Release of February 27, 2019).
Data from the previous exploration programs is currently under review to identify other specific exploration targets.
The
Company is also pleased to announce that it has arranged a non-brokered
private placement of 4.2 million flow through units at a price of
Cdn$0.12 per unit for gross proceeds of $504,000. Each Flow-Through Unit
consists of one common share that qualifies as a “flow-through share”
as defined in subsection 66(15) of the Income Tax Act and one
transferable common share purchase warrant. Each whole warrant
will entitle the holder to purchase, for a period of 18 months from the
date of issue, one additional non-flow-through common share of the
Issuer at an exercise price of Cdn$0.15 per share. The proceeds of the
private placement will be used for continued exploration work including
diamond drilling and trenching at the Company’s Gold Drop property near
Greenwood in Southern British Columbia.
A finder’s fee may be paid
to eligible finders in accordance to the TSX-V policies. All securities
issued pursuant to the offering will be subject to a hold period of
four months and one day from the date of closing. The offerings and
payment of finders’ fees are both subject to approval by the TSX-V.
David
Martin, P.Geo., a Qualified Person as defined by NI 43-101 and
consultant for GGX Gold Corp., 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]
Tags: #BC, #Drilling, #Tellerium #GoldDrop, gold Posted in GGX Gold Corp. | Comments Off on GGX Gold $GGX.ca Announces Diamond Drilling Program & Financing on the Gold Drop Property $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
VANCOUVER, BC / ACCESSWIRE / March 18, 2019 / GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“)
is pleased to announce it has received tellurium analytical results for
select drill core samples from the Fall 2018 diamond drill program at
the Gold Drop Property, located in southern British Columbia. The Fall
2018 drill program was conducted at the C.O.D. Vein, located in the Gold
Drop Southwest Zone. The tellurium results are re-analyses of drill
core samples from drill holes COD18-67 and COD18-70 which initially
exceeded the upper 500 grams per tonne (g/t) analytical limit for
tellurium. The re-analyses confirm high-grade tellurium for these drill
holes, being associated with high-grade gold and silver (gold and silver
results reported in News Releases of January 11 and 18, 2019):
The
2018 Fall diamond drill program tested the COD vein. The program
followed up on results from previous 2018 diamond drilling at the
southern extension of the COD vein. The highlights of the 2018 Fall
drill program are drill hole COD18-67 which intersected 129.1 g/t gold
and 1,154 g/t silver over 7.28 meters core length and drill hole
COD18-70 which intersected 107.5 g/t gold and 880 g/t silver over 6.90
meters core length (News Releases of January 11and 18, 2019). Both holes
were drilled slightly northeast from the same site (COD18-67 at a
50-degree dip and COD-18-70 at a 54-degree dip) to intersect the
northwest trending COD Vein at a shallower angle, the objective to test
the continuity of the quartz veining and mineralization.
Fourteen
drill core samples from the high-grade gold and silver intersections of
drill holes COD18-67 and COD18-70 returned greater than the upper
analytical limit of 500 g/t for tellurium during initial analysis (four
acid ICP-MS analysis by ALS Canada Ltd. in North Vancouver). As a
result, the tellurium weighted average grades for these intersections
could not be determined from initial analyses. ALS Canada Ltd. recently
re-analyzed these 14 samples for tellurium by four acid ICP-AES. These
new analytical results confirm high grade tellurium within the
high-grade gold and silver intersections. For drill hole COD18-67, the
near-surface interval of 23.19-30.47m (7.28 meters core length) graded
823.4 g/t tellurium. For drill hole COD18-70, the near-surface interval
of 22.57-29.47m (6.90 meters core length) graded 640.5 g/t Tellurium.
The 14 drill samples are listed as follows (core length):
Hole No.
From (m)
To (m)
Length (m)
Te (G/T)
Sample No.
COD18-67
23.58
23.95
0.37
880
V108489
COD18-67
24.50
25.10
0.60
560
V108491
COD18-67
25.10
25.50
0.40
770
V108492
COD18-67
25.50
26.06
0.56
900
V108493
COD18-67
26.06
26.34
0.28
930
V108494
COD18-67
26.34
26.72
0.38
2,250
V108495
COD18-67
26.72
27.10
0.38
3,860
V108496
COD18-67
27.10
27.63
0.53
1,550
V108497
COD18-67
29.70
30.04
0.34
1,090
V108503
COD18-67
30.04
30.47
0.43
710
V108504
COD18-70
22.57
22.95
0.38
690
V108537
COD18-70
23.30
23.75
0.45
3,340
V108539
COD18-70
23.75
24.15
0.40
2,960
V108541
COD18-70
26.19
26.98
0.79
830
V108544
Intersections
for 2017 and 2018 diamond drill holes at the C.O.D. vein include the
following (please refer to the Company’s website for News Releases
announcing these results):
Hole ID
Interval Length (m)
Gold (gpt)
Silver (gpt)
Te (gpt)
COD17-14
16.03
4.59
38.64
COD18-3
2.1
14.62
150.2
102
COD18-26
1.4
10.3
1.09
0.24
COD18-32
1.51
3.67
67.2
30.4
COD18-33
2.98
8.65
47.6
37.3
COD18-34
3.41
6.16
72.4
31
COD18-37
3.95
8.23
67.36
38.53
COD18-45
2.05
50.15
375
COD18-46
1.47
54.9
379
COD18-49
1.47
9.52
118
72.2
COD18-54
1.66
7.6
60.2
34.1
COD18-61
1.38
5.29
32.4
31.4
COD18-63
1.17
28
424.7
150.4
COD18-67
7.28
129.1
1,154.90
823
COD18-68
2.76
8.77
85.4
56.3
COD18-69
7.46
5.76
67.9
61.2
COD18-70
6.9
107.5
880
640
Tellurium
remains as one of the rarest elements on earth. Tellurium production
has been a by-product of copper and gold mining. The production is
limited, estimated to being on the order of 800 metric tonnes per year.
According to the USGS total production for 2007 was 107 Mtonnes.
Up
to recently, the sole use of tellurium has been alloying of other
metals to increase the machinability of copper or to decrease the
corrosive action of sulfuric acid on lead.
The most significant
modern use of tellurium is the Cadmium-telluride (Cd-Te) photovoltaic
solar cells. These solar cells are the forefront of solar power. One
gigawatt (GW) of Cd-Te, at current efficiencies, would require
approximately 93 metric tons of tellurium. These cells have the smallest
carbon footprint and the shortest energy payback time of all solar
cells. The efficiency of technology is constantly improving and the
Cd-Te now takes up 5.1% of worldwide PV production.
PHOTOVOLTAICS REPORT, Freiburg, 27 August 2018
In
the C.O.D vein system the tellurium occurs as a soft silver-grey
telluride mineral. The telluride mineral is a Silver-Tellurium-Gold
alloy speculated to be sylvanite. Whenever this mineral is observed in
the drill core the interval has elevated silver, gold and tellurium
values.
David Martin, P.Geo., a Qualified Person as defined by NI
43-101 and consultant for GGX Gold Corp., 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
Tags: #Assay, #BC, #Discovery, #GoldDrop, #silver, $GGX, gold Posted in GGX Gold Corp. | Comments Off on $GGX.ca GGX Gold Drill Core Samples Return up to 3,860 G/T Tellurium at the C.O.D. Vein Southern British Columbia $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
Posted by AGORACOM
at 8:18 AM on Thursday, March 7th, 2019
Requested tellurium re-analysis of select drill core samples from the Fall 2018 diamond drill program at the Gold Drop Property, located in southern British Columbia
Multiple drill core samples from drill holes COD18-67 and COD18-70 exceeded the upper 500 grams per tonne (g/t) analytical limit for tellurium.
The 2018 Fall diamond drill program tested the COD vein. The program followed up on results from previous 2018 diamond drilling at the southern extension of the COD vein. The highlights of the 2018 Fall drill program are drill hole COD18-67 which intersected 129 g/t gold and 1,154 g/t silver over 7.28 meters core length and drill hole COD18-70 which intersected 107.5 g/t gold and 880 g/t silver over 6.90 m
VANCOUVER, BC / ACCESSWIRE / March 7, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“)
is pleased to announce it has requested tellurium re-analysis of select
drill core samples from the Fall 2018 diamond drill program at the Gold
Drop Property, located in southern British Columbia. The Fall 2018
drill program was conducted at the C.O.D. Vein, located in the Gold Drop
Southwest Zone. Multiple drill core samples from drill holes COD18-67
and COD18-70 exceeded the upper 500 grams per tonne (g/t) analytical
limit for tellurium. These samples returned high grade values for gold
and silver. These samples will be re-analyzed to determine tellurium
grades. Highlights from the Fall 2018 drill program include (News
Releases of January 11 and 18, 2019):
The
2018 Fall diamond drill program tested the COD vein. The program
followed up on results from previous 2018 diamond drilling at the
southern extension of the COD vein. The highlights of the 2018 Fall
drill program are drill hole COD18-67 which intersected 129 g/t gold and
1,154 g/t silver over 7.28 meters core length and drill hole COD18-70
which intersected 107.5 g/t gold and 880 g/t silver over 6.90 meters
core length (News Releases of January 11 and 18, 2019). Intersections
for 2017 and 2018 diamond drill holes at the C.O.D. vein include the
following (please refer to the Company’s website for News Releases
announcing these results):
Hole ID
Interval Length
Gold (gpt)
Silver (gpt)
Te (gpt)
COD17-14
16.03
4.59
38.64
COD18-3
2.1
14.62
150.2
102
COD18-26
1.4
10.3
1.09
0.24
COD18-32
1.51
3.67
67.2
30.4
COD18-33
2.98
8.65
47.6
37.3
COD18-34
3.41
6.16
72.4
31
COD18-37
3.95
8.23
67.36
38.53
COD18-45
2.05
50.15
375
COD18-46
1.47
54.9
379
COD18-49
1.47
9.52
118
72.2
COD18-54
1.66
7.6
60.2
34.1
COD18-61
1.38
5.29
32.4
31.4
COD18-63
1.17
28
424.7
150.4
COD18-67
7.28
129.11
1,154.90
COD18-68
2.76
8.77
85.4
56.3
COD18-69
7.46
5.76
67.9
61.2
COD18-70
6.9
107.5
880
Fourteen
drill core samples from the high-grade gold and silver intersections of
drill holes COD-18-67 and COD-18-70 returned greater than the upper
analytical limit of 500 g/t for tellurium during initial analysis (four
acid ICP-MS analysis by ALS Canada Ltd. in North Vancouver). As a
result, the tellurium weighted average grade for these intersections
could not be determined. The Company has requested ALS Canada Ltd. to
re-analyze these samples for tellurium.
Tellurium
(Te) remains as one of the rarest elements on earth. Tellurium
production has been a by-product of copper and gold mining. The
production is limited, estimated to being on the order of 800 metric
tonnes per year. According to the USGS total production for 2007 was 107
Mtonnes.
Up to recently, the sole use of tellurium has been
alloying of other metals to increase the machinability of copper or to
decrease the corrosive action of sulfuric acid on lead.
The most
significant modern use of tellurium is the Cadmium-telluride (Cd-Te)
photovoltaic solar cells. These solar cells are the forefront of solar
power. One gigawatt (GW) of Cd-Te, at current efficiencies, would
require approximately 93 metric tons of tellurium. These cells have the
smallest carbon footprint and the shortest energy payback time of all
solar cells. The efficiency of technology is constantly improving and
the Cd-Te now takes up 5.1% of worldwide PV production.
PHOTOVOLTAICS REPORT, Freiburg, 27 August 2018 (To view the full-size image, please click here)
In
the C.O.D vein system the tellurium occurs as a soft silver-grey
telluride mineral. The telluride mineral is a Silver-Tellurium-Gold
alloy speculated to be sylvanite. Whenever this mineral is observed in
the drill core the interval has elevated silver, gold and tellurium
values.
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]
Tags: #BC, #CODVein, #Discovery, #HighGrade, #silver, #tellerium, gold Posted in GGX Gold Corp. | Comments Off on GGX Gold Requests Tellurium Re-Analysis of Select 2018 High Grade Drill Core Samples at the C.O.D. Vein – Southern British Columbia $APH.ca $TUE.ca $GOM.ca $TYE.ca $NNZ.ca $GTT.ca $AOT.ca $MTB.ca
Posted by AGORACOM
at 7:50 AM on Wednesday, February 27th, 2019
Completed 71 diamond drill holes on the C.O.D vein.
High-grade intersections include 107.5 g/t gold and 880 g/t silver over 6.90 meters core length and 129 g/t gold and 1,154 g/t silver over 7.28 meter core length (News Releases of January 11 & 18, 2019).
Mining.com lists GGX drill intercept #7th best worldwide to date for 2019
Extended the C.O.D vein 160 m to the southwest by means of drilling
Completed 19 diamond drill holes on the Everest vein
VANCOUVER, BC / ACCESSWIRE / Feb 27, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“)
is pleased to recap highlights of the 2018 exploration season on the
Gold Drop Property located in Southern British Columbia. The program
focused on the C.O.D vein, located in the Gold Drop Southwest Zone.
During the drilling program the company also conducted mechanical
trenching on numerous targets.
Completed 71
diamond drill holes on the C.O.D vein. High-grade intersections include
107.5 g/t gold and 880 g/t silver over 6.90 meters core length and 129
g/t gold and 1,154 g/t silver over 7.28 meter core length (News Releases
of January 11 & 18, 2019).
Mining.com lists GGX drill intercept #7th best worldwide to date for 2019
Extended the C.O.D vein 160 m to the southwest by means of drilling
Completed 19 diamond drill holes on the Everest vein
Discovered the southern extension of the Gold Drop vein by means of mechanical trenching
Completed 30 m of trenching on the Silent Friend Vein
Completed thorough trenching program in the C.O.D North region of the property
Picture: First C.O.D Vein discovery and sample, May 2017
The
Gold Drop Property covers 5,628 hectares of geologically prospective
ground in the well-mineralized Greenwood District, and hosts 8 or more
known low-sulfide, gold-bearing veins or vein systems. These historical
showings have had limited modern exploration. Recently, the Greenwood
area has had a renewed interest by major and junior companies exploring
precious and base metals in the district.
The
2018 diamond drill program carried out by the Company focused on the
C.O.D vein. The vein was first identified to be a target of interest in
the spring of 2017. Following initial sampling of the vein the Company
conducted mechanical trenching and drilling. The results of the 2017
program were encouraging and the Company launched a winter drill program
in 2018. The program followed up on the 2017 drilling. The Company
completed additional diamond drilling during the fall of 2018,
completing a series of exploration holes south of the C.O.D trench. Here
the holes intercepted the vein, successfully extending the vein by 160
meters.
During
2018 a total of 71 diamond drill holes were completed on the C.O.D vein
structure and 19 diamond drill holes were completed on the Everest vein
for a total of 5,616 meters of drilling. The highlights of the program
are COD18-67 that intersected 129 grams per tonne (g/t) gold and 1,154
g/t silver over 7.28 meters core length and COD18-70 which intersected
107.5 g/t gold and 880 g/t silver over 6.90 meters core length. The
highlights of the drilling are listed in the following table.
Hole ID
Interval Length
Gold (gpt)
Silver (gpt)
Te (gpt)
COD17-14
16.03
4.59
38.64
COD18-3
2.1
14.62
150.2
102
COD18-26
1.4
10.3
1.09
0.24
COD18-32
1.51
3.67
67.2
30.4
COD18-33
2.98
8.65
47.6
37.3
COD18-34
3.41
6.16
72.4
31
COD18-37
3.95
8.23
67.36
38.53
COD18-45
2.05
50.15
375
COD18-46
1.47
54.9
379
COD18-49
1.47
9.52
118
72.2
COD18-54
1.66
7.6
60.2
34.1
COD18-61
1.38
5.29
32.4
31.4
COD18-63
1.17
28
424.7
150.4
COD18-67
7.28
129.11
1,154.90
COD18-68
2.76
8.77
85.4
56.3
COD18-69
7.46
5.76
67.9
61.2
COD18-70
6.9
107.5
880
Note:
Due to some tellurium drill core analyses being greater than the upper
analytical limit of 500 g/t the weighted average value for tellurium
could not be calculated for some intervals.
The
2018 trenching program was completed on targets located during the 2017
soil geochemical sampling program. The most significant discovery
during the trenching is the southern extension of the historic Gold Drop
Vein. Historic production from the Gold Drop Vein System is reported to
be 335 tonnes mined during 1926-1988 (mainly during 1933-1941) with
5,020 grams of gold (14.99 g/t gold) and 35,894 grams of silver (107.1
g/t silver) recovered. Grab samples collected from this vein during 2018
assayed up to 3.37 g/t gold and 43.9 g/t silver.
The
company completed a thorough trenching program in the C.O.D North area.
This area is located approximately 600m to the north of the C.O.D
drilling worksite. Here the company conducted trenching on targets
identified during the 2017 soil geochemical sampling program.
Several
quartz vein outcroppings were located and sampled in the trenches. The
highlights include grab sample 112753 of rusty quartz vein that assayed
15.45 g/t gold, 159 g/t silver and 114.5 g/t tellurium; and sample
112759, a chip sample across a 40 centimeter wide northeast-southwest
striking sub-vertical quartz vein, that assayed 21.7 g/t gold, 216 g/t
silver and 149 g/t tellurium. The table below outlines the chip sample
assays obtained.
Sample ID
Sample type
Au (ppm)
Ag (ppm)
Te (ppm)
112751
30 cm chip
1.43
12.8
10.2
112752
40 cm chip
4.26
26.8
18.25
112753
Area grab
15.45
159
114.5
112754
Area grab
1.38
9.23
5.98
112755
Area grab
6.52
17.65
14.25
112756
30 cm chip
5.07
39.5
29.2
112757
30 cm chip
1.38
10.1
6.27
112758
Area grab
4.75
20.9
12.65
112759
40 cm chip
21.7
216
149
112761
Area grab
1.58
11.85
9.08
The
Company is very pleased with the results obtained during the 2018
season. Plans are being finalized for 2019 and everyone at GGX is
excited for the 2019 field season!
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.
Posted by AGORACOM
at 9:14 AM on Wednesday, February 20th, 2019
The most significant gold drill intersections (core length) from the phase 3 diamond drilling on the COD vein are as follows:
COD18-3: 14.62 g/t Au over 2.1 metres;
COD18-26: 10.30 g/t Au over 1.4 metres recovered core (within 2.35-metre interval);
COD18-28: 11.30 g/t Au over 0.51 metre;
COD18-33: 8.65 g/t Au over 2.98 metres;
COD18-34: 6.16 g/t Au over 3.41 metres;
COD18-37: 8.23 g/t Au over 3.95 metres;
COD18-45: 50.10 g/t Au over 2.05 metres;
COD18-46: 54.90 g/t Au over 1.47 metres;
COD18-49: 9.52 g/t Au over 1.47 metres;
COD18-54: 7.60 g/t Au over 1.66 metres.
The 2018 drilling program also tested the continuation of the Everest vein, which is located southwest of the COD vein work site. Chip samples collected in 2017 across the approximate 0.4-metre-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 Aug. 21, 2017).
The Everest vein 2018 drill holes are located approximately 350 to 800 metres south of the area of 2017 and 2018 COD vein drill holes. High gold intersections (core length) from the phase 3 drill program at the Everest vein include (news release of July 19, 2018, and Sept. 13, 2018):
FULL DISCLOSURE: GGX Gold is an advertising client of AGORA Internet Relations Corp.
Tags: #BCGold, #GGXgold, #silver, #tellerium, gold Posted in GGX Gold Corp. | Comments Off on CLIENT FEATURE: GGX Gold’s 2018 Exploration Program at Gold Drop Demonstrates High Grade Potential $K.ca $GZD.ca $TUSK.ca $XIM.ca
Posted by AGORACOM
at 9:18 AM on Thursday, February 7th, 2019
The 2018 Exploration program Returned Results Including:
The most significant gold drill intersections (core length) from the phase 3 diamond drilling on the COD vein are as follows:
COD18-3: 14.62 g/t Au over 2.1 metres;
COD18-26: 10.30 g/t Au over 1.4 metres recovered core (within 2.35-metre interval);
COD18-28: 11.30 g/t Au over 0.51 metre;
COD18-33: 8.65 g/t Au over 2.98 metres;
COD18-34: 6.16 g/t Au over 3.41 metres;
COD18-37: 8.23 g/t Au over 3.95 metres;
COD18-45: 50.10 g/t Au over 2.05 metres;
COD18-46: 54.90 g/t Au over 1.47 metres;
COD18-49: 9.52 g/t Au over 1.47 metres;
COD18-54: 7.60 g/t Au over 1.66 metres.
The 2018 drilling program also tested the continuation of the Everest vein, which is located southwest of the COD vein work site. Chip samples collected in 2017 across the approximate 0.4-metre-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 Aug. 21, 2017).
The Everest vein 2018 drill holes are located approximately 350 to 800 metres south of the area of 2017 and 2018 COD vein drill holes. High gold intersections (core length) from the phase 3 drill program at the Everest vein include (news release of July 19, 2018, and Sept. 13, 2018):
Posted by AGORACOM
at 5:30 PM on Friday, January 18th, 2019
107.5 g/t gold and 880 g/t silver over 6.90 meters core length
High-grade quartz vein intersection is near-surface, near high grade intersections of COD18-45, 46 and 67 indicating high grade ore shoot.
COD18-67: 129 g/t gold and 1,154 g/t silver over 7.28 meters
VANCOUVER, BC / ACCESSWIRE / January 18, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX“)
is pleased to announce it has received drill core analytical results
for the final four drill holes (COD18-68 to COD18-71) of the November
2018 diamond drilling program at its Gold Drop Property near Greenwood,
southern British Columbia. Drill hole COD18-70 intersected near-surface
high-grade gold and silver with significant tellurium in the southwest
part of the COD quartz vein. This high-grade intersection is in
close-proximity to high-grade intersections in drill holes COD18-45, 46
and 67 indicating a high grade ore shoot. The mineralized COD vein
system has been traced by drilling and / or trenching for approximately
400 meters strike length and is open to the northeast, at depth and
possibly to the southwest. Highlights for COD18-70 include:
107.5
g/t gold and 880 g/t silver over 6.90 meters core length (multiple
samples greater than the upper 500 g/t analytical limit for tellurium).
High-grade
quartz vein intersection is near-surface (18 to 24 meters vertical
depth), near high grade intersections of COD18-45, 46 and 67 indicating
high grade ore shoot.
Part of
exploratory shallow drilling designed to define high-grade
mineralization and expand the understanding of controls on
mineralization.
The
November 2018 diamond drilling program (11 drill holes: COD18-61 to
COD18-71) tested the southwest region of the COD vein in an area of
high-grade gold and silver mineralization. The COD vein is located
within the Gold Drop Southwest Zone. Prior 2018 drill holes in this part
of the COD vein intersected near-surface high-grade gold and silver
mineralization. The COD vein strikes approximately northeast-southwest.
Intersections
exceeding 1 g/t gold for drill holes COD18-68 to COD18-71 are listed in
the table below. Since true widths cannot be accurately determined from
the information available the core lengths (meters) are reported.
Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
Ag (g/t)
Te (g/t)
Description
COD18-68
19.49
22.25
2.76
8.77
85.4
56.3
Quartz vein and wall rock
COD18-68
incl. 20.86
22.35
1.39
14.47
131.8
87.9
Quartz vein and wall rock
COD18-69
19.75
20.42
0.67
1.24
9.59
6.55
quartz band
COD18-69
26.72
34.18
7.46
5.76
67.9
61.2
Quartz veins & wall rock; local quartz breccia
COD18-69
incl. 27.30
28.10
0.80
9.77
95
110
Quartz vein
COD18-69
incl. 31.20
31.60
0.40
70.9
569
278
Quartz vein with massive sulfide band
COD18-70
22.57
29.47
6.90
107.5
880
Quartz vein with tellurides
COD18-70
incl. 23.3
24.15
0.85
541
4532
>500
Quartz vein with tellurides
COD18-71
28.50
30.30
1.80
1.57
11.7
8.4
Alteration zone
Note: 1-meter core loss in COD18-70 between 22.57 – 29.47m.
All
November 2018 drill holes were collared within 25 meters of prior 2018
drill holes COD18-45 and COD-46, the objective to define the high-grade
mineralization in this part of the COD vein and to provide information
on the controls on mineralization. Drill holes COD18-45 and COD18-46,
drilled to the west at 45 and 50 degree-dips, intersected near-surface,
high grade gold and silver mineralization in the COD vein (News Releases
of August 15 and 22, 2018). Drill holes COD18-67and COD18-70, part of
the November 2018 program, intersected high grade gold and silver
mineralization in the same area. These holes were drilled slightly
northeast at dips of 50 degrees (COD18-67) and 54 degrees (COD18-70) to
intersect the COD vein at a shallower angle and test the continuity of
the quartz veining and high-grade mineralization. Highlights of these
four holes include (core length):
COD18-45: 50.1 g/t gold and 375 g/t silver over 2.05 meters (including 167.5 g/t gold, 1,370 g/t silver & >500 g/t tellurium over 0.46 meters).
COD18-46: 54.9 g/t gold and 379 g/t silver over 1.47 meters (including 223 g/t gold, 1,535 g/t silver & > 500 g/t tellurium over a 0.30 meters).
COD18-67: 129 g/t gold and 1,154 g/t silver over 7.28 meters (multiple samples exceeding upper 500 g/t analytical limit for tellurium).
COD18-70: 107.5 g/t gold and 880 g/t silver over 6.90 meters (multiple samples exceeding upper 500 g/t analytical limit for tellurium).
The
close-spaced intersections of COD18-45, 46, 67 and 70 all occur within
18-25 meters vertical depth indicating a high-grade ore shoot.
Analytical
results for drill holes COD18-61 to COD18-64 were reported in the
Company’s News Release of January 9, 2018, the highlight being 28.0 g/t
gold, 424.7 g/t silver and 150.4 g/t tellurium over 1.17 meters core
length in COD18-63. Analytical results for drill holes COD18-64 to
COD18-67 were reported in the Company’s News Release of January 11,
2019, the highlight being the intersection of 129 g/t gold and 1,154 g/t silver over 7.28 meters core length in COD18-67.
Holes
COD18-61 to COD18-66 were drilled to the west and slightly northwest at
dips of 45 to 60 degrees to intersect the approximately northeast
striking vein(s). Holes COD18-67 to COD18-71 were drilled at dips of 45
to 60 degrees slightly northeast to intersect the vein(s) at a shallower
angle, the objective being to test the continuity of the quartz veining
and mineralization. Although drill holes COD18-67 and COD18-70 were not
drilled perpendicular to the strike of the COD vein, they still show
the exceptional high-grade nature of the vein, possibly being, or
leading to, a “motherlode”-style feeder system. As the Company continues
reminding of the old saying “we drill for structure and we drift for
grade”, both holes indicate how potential drifting may encounter the
vein in case a potential production decision can be made in the future.
Drilling along veins at slight angles helps in locating possible “ore
shoots” and gaining a structural understanding of its vertical and
horizontal orientations/extensions for targeted follow-up drilling.
The
drill core was split with half core samples securely packaged and
delivered to ALS Canada Ltd. in Vancouver, BC. The core samples were
analyzed for gold by Fire Assay-Atomic Absorption and for 48 elements
(including silver and tellurium) by Four Acid – ICP-MS. Samples
exceeding 100 g/t gold were re-analyzed for gold by Fire Assay –
Gravimetric Finish. Samples exceeding 100 g/t silver were re-analyzed
for silver by Four Acid – ICP-AES. Samples exceeding 1,500 g/t silver by
Four Acid – ICP-AES were re-analyzed for silver by Fire Assay –
Gravimetric Finish. Quality control (QC) samples were inserted at
regular intervals.
Gold
and silver bearing quartz veins occur in multiple regions on the Gold
Drop property with high grade gold reported (samples exceeding 1 oz. /
ton gold reported).
Historic gold and silver production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu vein systems.
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]
