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Monarques Gold $MQR.ca Provides an Update on its Production Activities $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 6:09 PM on Thursday, August 30th, 2018

Monarquesgold hub large

  • Production activities at the Beaufor Mine will be temporarily suspended as of December 14, 2018, and the mine will be placed on care and maintenance.
  • The Corporation will continue its exploration activities at the Beaufor Mine in order to increase its gold resource over the longer term, given the many high-grade results obtained since the end of 2017.
  • Camflo’s custom milling operations, which reported another consecutive increase in revenues in the fourth quarter of more than 31%, will not be affected.
  • The Corporation will focus its efforts on developing and completing the feasibility study of its core asset, the Wasamac gold deposit, which contains measured and indicated resources of 2,587,900 ounces of gold (see Table 1 at the end of this release).
  • The Corporation has acquired land adjacent to the Wasamac project, with more than 1 km strategically located along the Trans-Canada Highway and the Ontario Northland Railway.
  • Monarques Gold has sold its 2% net smelter return royalty in the East Amphi property to Canadian Malartic GP for $250,000.

MONTREAL, Aug. 30, 2018 - MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) announced today that production activities at the Beaufor Mine will be temporarily suspended as of December 14, 2018. The suspension is primarily due to the low grades of the ore mined at Beaufor in recent quarters, combined with the persistent weakness in the price of gold and difficulties recruiting qualified manpower in the region. As a result, the mine’s workforce will be cut to around ten employees who will be assigned to care and maintenance of the mine and its facilities.

“This decision was necessary for the future of the Corporation,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. “With the persistent weakness in the gold price and lower-than-expected grades, operations at the Beaufor Mine have been challenging in the last two quarters, a situation that had to be corrected at all costs. Over the coming quarters, we will be looking for ways to improve the mining grade while pursuing our exploration activities, which have generated very promising results. Our goal is to restart the Beaufor Mine as soon as we are able to ensure that our operations will be profitable.”

“We will also step up our efforts to develop Monarques’ main asset, the Wasamac gold deposit, which, by using the latest technology, has the potential to become a mine. We will soon issue an update on the status of the Wasamac feasibility study, where we are seeing some very encouraging developments. In terms of operations, it is important to underscore that our custom milling operations at the Camflo mill are growing every quarter and are expected to continue contributing positively to our results,” Mr. Lacoste added.

Exploration program and strategy at the Beaufor Mine

The new exploration strategy at the Beaufor Mine will aim to grow the high-grade gold resource over a longer-term horizon, in order to ensure greater operating profitability.

The many factors leading the Corporation to continue exploring at Beaufor, which has produced more than 1.1 million ounces over its lifetime, include the multiple high-grade results obtained since the end of 2017 and the fact that the mine still has excellent exploration potential along strike and at depth.

Along these lines, the Corporation has obtained new results from its 2018 drilling program. The results are for a total of 3,220 metres of drilling in 14 exploration holes. Nine of the holes intersected mineralization, including hole 18-150-68A, which returned 10.38 g/t Au over 7.65 metres, including 100.50 g/t Au over 0.50 metres in the QF1 vein. The QF veins generated other significant results, including 84.80 g/t Au over 1.65 metres, 59.45 g/t Au over 0.50 metres, 58.30 g/t Au over 0.50 metres, 32.51 g/t Au over 1.2 metres and 26.50 g/t Au over 0.50 metres. The drill results are summarized in Table 2 at the end of this release.

Acquisition of strategic land adjacent to the Wasamac project

On August 24, 2018, Monarques acquired a property next to the Wasamac project to serve as the site of the project’s mining facilities. Located further away from the local community, the property has the added strategic advantage of including a stretch of more than 1 kilometre along the Trans-Canada Highway and the Ontario Northland Railway, easing transportation logistics for the mined material.

Sale of the East Amphi property royalty to Canadian Malartic GP

On August 21, 2018, the Corporation sold its 2% net smelter return royalty on the East Amphi property to Canadian Malartic GP for the sum of $250,000. The royalty was among the assets acquired from Richmont Mines but did not fit into the Corporation’s development plans.

Quality control and qualified person

Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to Val-d’Or for assaying at the ALS Geochemistry laboratory, which is fully accredited under ISO 17025. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 10.0 g/t are re-assayed using the gravity method. Certified standards and blanks are inserted into the sampling stream for quality control purposes.

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV:MQR) is a mining company focused on pursuing growth through its large portfolio of high-quality gold projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

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 release.

Table 1 – Monarques Gold Measured and Indicated Resource

Tonnes
(metric) 		Grade
(g/t Au)		 Ounces
Wasamac property1
Measured Resources 3.99 M 2.52 323,300
Indicated Resources 25.87 M 2.72 2,264,500
Total 29.86 M 2.70 2,587,900
Croinor Gold mine2
Measured Resources 80,100 8.44 21,700
Indicated Resources 724,500 9.20 214,300
Total 804,600 9.12 236,000
Swanson property3
Indicated Resources (pit constrained) 1,694,000 1.80 98,100
Indicated Resources (underground) 58,100 3.17 5,900
Total 1,752,100 1.85 104,100
McKenzie Break property4
Indicated Resources (pit constrained) 939,860 1.59 48,133
Indicated Resources (underground) 281,739 5.90 53,448
Total 1,221,599 2.58 101,581
Beaufor Mine5
Measured Resources 74,400 6.71 16,100
Indicated Resources 271,700 7.93 69,300
Total 346,200 7.67 85,400
Simkar Gold property6
Measured Resources 33,570 4.71 5,079
Indicated Resources 208,470 5.66 37,905
Total 242,040 5.52 42,984
TOTAL COMBINED
Measured and Indicated Resources 3,157,865
1 Source: Technical Report on the Wasamac Project, Rouyn-Noranda, Québec, Canada, Tudorel Ciuculescu, M.Sc., P.Geo., October 25, 2017, Roscoe Postle Associates Inc.
2 Source: Monarques prefeasibility study (January 19, 2018) and resource estimate (January 8, 2016)
3 Source: NI 43‐101 Technical Report on the Swanson Project, June 20, 2018, Christine Beausoleil, P.Geo., and Alain Carrier, P.Geo., M.Sc., of InnovExplo Inc.
4 Source: NI 43‐101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc. and Christian D’Amours, P.Geo., of GeoPointCom Inc.
5 Source: NI-43-101 Technical Report on the Mineral Resource and Mineral Reserve Estimates of the Beaufor Mine as at September 30, 2017, Val-d’Or, Québec, Canada, Carl Pelletier, P. Geo. and Laurent Roy, Eng.
6 Source: MRB et Associés (January 2015)

 

Table 2 – Summary of exploration drilling results at the Beaufor Mine

Project Hole From
(m)		 To
(m)		 Length
(m)		 Grade
(g/t Au)		 Zone/Vein
QH Veins

Zone Q

QF Veins

(East sector)

 18-150-67a 296.70 297.20 0.50 8.76 N
372.60 373.10 0.50 25.55 QH
409.25 410.90 1.65 84.80 QF
incl. 409.75 410.40 0.65 209.00
466.85 467.35 0.50 20.93 QF
472.80 473.35 0.55 11.83 QF1
495.80 496.30 0.50 26.50 QF
18-150-68a 375.15 375.95 0.80 61.75 QH
391.05 391.80 0.75 7.67 QH
403.50 405.00 1.50 11.86 QH2
408.15 408.65 0.50 10.44 QH
483.60 484.10 0.50 59.45 QF
498.15 505.80 7.65 10.38 QF1
incl. 498.15 498.65 0.50 17.03
incl. 501.35 501.85 0.50 22.98
incl. 505.30 505.80 0.50 100.50
518.85 520.60 1.75 6.25 QF
QF Veins

(Centre sector)

 18-137-40 19.40 20.00 0.60 5.30 QF
23.00 23.50 0.50 58.30 QF
24.60 25.15 0.55 3.80 QF
27.80 28.80 1.00 2.95 QF
143.90 144.40 0.50 2.63 QF
167.45 167.95 0.50 2.13 QF
18-137-41 21.40 21.90 0.50 2.40 QF
39.40 39.90 0.50 8.90 QF
63.40 63.90 0.50 19.58 QF
253.85 254.50 0.65 11.58 QF
18-137-42 – QF1
18-136-84 12.00 14.00 2.00 5.96 QF
23.90 25.10 1.20 32.51 QF
incl. 23.90 24.40 0.50 70.65
QF Veins

(West sector)

 18-117-46 – QF1
18-117-47 58.25 60.00 1.75 2.22 QF1
incl. 59.50 60.00 0.50 5.52
18-117-48 – QF1
18-117-49 – QF1
18-117-50 – QF1
18-117-51 54.85 56.05 1.20 6.73 QF1
incl. 54.85 55.45 0.60 10.85
173 18-173-18 304.20 305.20 1.00 7.25 F
incl. 304.20 304.70 0.50 13.18
18-173-19 281.00 281.50 0.50 3.62 Between D-F
282.00 283.00 1.00 9.59 Between D-F
309.30 309.80 0.50 10.43 Between D-F
364.60 365.10 0.50 2.11 F
443.80 444.30 0.50 3.97 –
QH: True width corresponds to approximately 85% of the core length.
QF/QF1: True width corresponds to approximately 60-95% of the core length.
173: True width corresponds to approximately 75% of the core length.

 

View original content with multimedia:http://www.prnewswire.com/news-releases/monarques-gold-provides-an-update-on-its-production-activities-300705113.html

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CLIENT FEATURE: Monarques Gold $MQR.ca A PRODUCER With $10M In Quarterly Revenues $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 2:31 PM on Tuesday, August 28th, 2018

Why Monarques Gold?

Q4 Highlights (June 30th)

  • Monarques produced 4,695 ounces of gold in its fourth quarter
  • Recorded revenues of $10.0 million in the fourth quarter, from the sale of 4,589 ounces of gold at an average price of $1,609 per ounce (US $1,246), combined with revenue from custom milling, which was up 31% for the quarter.
  • Reported an initial set of results for its 2018 drilling program at the Beaufor Mine. The results were for nine holes totalling 2,047 metres of drilling on the QF1 and 1700 projects (see press release dated July 17, 2018).

FULL DISCLOSURE: Monarques Gold Corp. is an advertising client of AGORA Internet Relations Corp.

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Posted in All Recent Posts, Monarques Gold | Comments Off on CLIENT FEATURE: Monarques Gold $MQR.ca A PRODUCER With $10M In Quarterly Revenues $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

American Creek $AMK.ca Reports on First Two 2018 Holes at Treaty Creek Including 1.036 G/T Gold over 121.8 Meters and First Sighting of Visible Gold in Core $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca

Posted by AGORACOM-JC at 9:06 AM on Monday, August 27th, 2018

Hublogolarge2 copy

  • Significantly, the first sighting of coarse visible gold has been made, within an interval that assayed 26.6 g/t gold over 1.5 meters in hole CB-18-32.
  • CB-18-32 intersected 1.036 g/t gold over 121.8 meters and 0.800 g/t gold over 49.5 meters

Cardston, Alberta–(August 27, 2018) – American Creek Resources Ltd (“the Company”) (TSXV: AMK) is pleased to report initial results from the 2018 Tudor Gold drill program on the Copper Belle zone of the Company’s Treaty Creek property in BC’s Golden Triangle. Gold, silver and copper analyses have been received from the first two holes. To date, five holes have been completed, totaling 3,899 meters and the sixth and seventh holes are proceeding.

The gold assays from the first two drill holes indicate broad intervals of more than 300 meters of gold mineralization that have expanded the known area of the Copper Belle zone, providing positive results that will be used in future resource calculations. Significantly, the first sighting of coarse visible gold has been made, within an interval that assayed 26.6 g/t gold over 1.5 meters in hole CB-18-32.


Figure 1: Copper Belle visible gold in CB-18-32

To view an enhanced version of Figure 1, please visit: http://orders.newsfilecorp.com/files/682/38293_a1535343423510_93.jpg

Walter Storm, Tudor Gold President and CEO, stated: “We are extremely encouraged by the broad intervals of gold mineralization encountered in the first two drill holes of the season at Copper Belle. The large step-outs with the drills will quickly evaluate a significant area of the porphyry system and we are prepared to drill deeper holes to explore the indications of continuing gold mineralization at depth. In addition, there is a three-kilometer interval between Tudor Gold’s Copper Belle discovery and Seabridge Gold’s Iron Cap deposit, in which our magnetotelluric geophysical survey has identified strongly anomalous targets that have yet to be drill tested.”

CB-18–31, the first hole of the season, is a step-out hole that has expanded the known extent of the Copper Belle zone some 100 m to the west of previous drilling. CB-18-32, which is located 190 m south of hole 31, has also extended the zone more than 100 m to the west. Current drilling continues to step out successfully to the west in large jumps of 100 to 150 meters, providing information about a sizeable portion of the porphyry-style mineralized system. The Copper Belle zone appears to be a relatively flat-lying body that is located along trend, to the northeast of the Iron Cap Au-Cu deposit on the adjacent property of Seabridge Gold Corp. Holes at Copper Belle in 2018 are testing a magnetic high that measures some 600 meters by 500 meters and has previously only been drilled along its eastern and southern margins. For locations of the 2018 and other holes in the Copper Belle area that are overlain on Total Magnetics contours, please view the map below.

CB-18-31 intersected a 302 meter-long mineralized interval from 392.0 to 694.0 meters that averages 0.471 g/t gold. Within this section are zones of more intense silica alteration that contain greater concentrations of pyritic mineralization, which have returned higher gold values, such as 1.908 g/t Au over 20.5 meters.

CB-18-32 intersected two broad zones of mineralization; the upper zone averages 0.662 g/t gold over 337.8 meters and also contains intervals of stronger alteration and mineralization, such as 1.036 g/t gold over 121.8 meters and 0.800 g/t gold over 49.5 meters. The lower zone, 90 meters downhole from the first, averages 0.395 g/t gold over 169.5 meters, with higher grade intervals such as 0.758 g/t gold over 31.5 meters. Strong mineralization is present at the end of hole 32, indicating very good potential for continuing gold values at depth.

Gold, silver and copper results for holes CB-18-31 and CB-18-32 are summarized in the table below:

Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu (%) Comments
–
CB-18-31 392.0 694.0 302.0 0.471 1.5 0.010 –
includes 392.0 428.0 36.0 0.681 3.8 0.016 –
and 479.5 500.0 20.5 1.908 3.5 0.010 –
and 528.9 599.5 70.6 0.660 1.9 0.016 –
and 634.0 640.0 6.0 2.112 2.0 0.003 –
and 662.6 680.5 17.9 0.620 2.4 0.019 –
EOH 748.0
CB-18-32 194.7 532.5 337.8 0.662 1.9 0.016
includes 194.7 316.5 121.8 1.036 106.0 – with 37.0 m at 2.200 g/t Au
and 368.8 389.5 20.7 0.751 5.1 0.019
and 413.7 426.5 12.8 0.662 8.2 0.128
and 451.5 460.5 9.0 0.849 1.3 0.019
and 483.0 532.5 49.5 0.800 2.7 0.002 with 18.0 m at 1.477 g/t Au
623.0 792.5 169.5 0.395 1.5 0.025
includes 636.5 651.5 15.0 0.439 1.9 0.003
and 689.0 697.0 8.0 0.867 5.7 0.003
and 708.8 741.5 32.7 0.530 1.4 0.044
and 752.0 783.5 31.5 0.758 2.0 0.049 with 6.0 m at 1.282 g/t Au
EOH 794.0

* All assay values are uncut and intervals reflect drilled intercept lengths.
* True widths of the mineralization have not been determined.

Earlier in the season, Tudor Gold field crews examined and channel sampled a new zone of porphyry-style veining that has recently been exposed by retreating glacial ice. This area is about 1.1 kilometers southwest of the Copper Belle zone, toward the Iron Cap deposit, and has not been previously sampled. Of the twelve samples, several were anomalous in gold, with values such as 0.522 g/t gold over 1.5 meters. Additional sampling in this new zone is planned.


Figure 2: Copper Belle Drill Hole Locations on Total Magnetic Intensity
(“Warmer” Colours Indicate Higher Magnetic Intensity)

To view an enhanced version of Figure 2, please visit: http://orders.newsfilecorp.com/files/682/38293_a1535343423635_71.jpg

To learn more about Treaty Creek please click the link below for an information sheet and / or from our recently updated website at www.americancreek.com.

https://americancreek.com/images/pdf/Treaty_Creek_Joint_Venture_Project_Aug_2018.pdf

QP
The Qualified Person for the Treaty Creek results in this new release is James A. McCrea, P.Geo., for the purposes of National Instrument 43-101. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About American Creek

American Creek holds a strong portfolio of gold and silver properties in British Columbia.

Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor (Walter Storm) as well as the 100% owned past producing Dunwell Mine.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

Cautionary Statements regarding Forward-Looking Information
Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially.

All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and geological merits of the Treaty Creek Project and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company‘s expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

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.

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Posted in All Recent Posts, American Creek Resources Ltd. | Comments Off on American Creek $AMK.ca Reports on First Two 2018 Holes at Treaty Creek Including 1.036 G/T Gold over 121.8 Meters and First Sighting of Visible Gold in Core $SEA $SA $SKE.ca $TUD.ca $PVG $MRO.ca

Posted by AGORACOM at 8:41 AM on Wednesday, August 22nd, 2018

https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564602/hub/ggx_large.png

  • Results have been received COD18-46 to COD18-48 which tested the COD Vein
  • 54.9 grams per tonne (g/t) gold and 379 g/t silver over 1.47 meter core length in drill hole COD18-46

Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-46 to COD18-48 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone.

 

Gold bearing quartz vein with high grade gold in drill hole COD18-46

(54.9 g/t gold over 1.47meters)

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

The highlight from these analytical results is an intersection of 54.9 grams per tonne (g/t) gold and 379 g/t silver over 1.47 meter core length in drill hole COD18-46 which tested the COD Vein, including 223 g/t gold, 1,535 g/t silver and >500 g/t tellurium over 0.30 meter core length. This gold-bearing intersection of quartz veins and minor altered granodiorite in COD18-46 is located at approximately 25 meter vertical depth. This drill intersection is approximately 5 meters below the high grade intersection of drill hole COD-18-45 (50.1 g/t gold and 375 g/t silver over 2.05 meter core length as was reported in the Company’s News Release of August 15, 2018). Both COD18-45 and COD18-45 are approximately 160 meters southwest of the area of 2017 trenching at the COD Vein and approximately 220 meters southwest of drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meters, including 10.96 g/t gold over 5.97 meters (News Release of September 7, 2017).

The 2018 drilling program focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. The 2018 drilling program also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).

The analytical results listed below are highlights from drill holes COD18-46 to COD18-48 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).

Previous drill core analytical results from the 2018 drilling program are reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25, August 1, August 9 and August 15. The close-spaced intersections of drill holes COD18-45 and COD-18-46 at the COD Vein is the highlight of the 2018 drilling program to date and represents significant intersections with high grade gold southwest of the 2017 trench. Prior to the receipt of analytical results for these holes, the highlight of the 2018 drilling program was 14.62 g/t gold, 150.2 g/t silver and 102.0 g/t tellurium over 2.1 meter core length in drill hole COD18-3 at the COD Vein, located in the area of the 2017 trench and vicinity of drill hole COD17-14. The following map of the COD Vein work area includes some of the more significant 2017 – 2018 drill intersections.

 

 

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

 

 

 

Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. One sample from COD18-46 exceeded 1500 g/t silver and was re-analyzed for silver by Fire Assay – Gravimetric Finish. Quality control (QC) samples were inserted at regular intervals.

 

 

 

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

 

To view the Original News release with pictures please go to the website or contact the company.

 

On Behalf of the Board of Directors,

 

Barry Brown, Director

 

604-488-3900

 

[email protected]

 

Investor Relations:

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

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

The Crew

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CLIENT FEATURE: Monarques #Gold $MQR.ca A PRODUCER With $10M In Quarterly Revenues $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 2:20 PM on Monday, August 20th, 2018

 

 

MQR: TSX-V

Why Monarques Gold?

  • A gold producer with the Beaufor Mine (gold production of 19,562 ounces in 2016; source Richmont 2016 annual report) located in one of the best mining jurisdictions in Canada.
  • A large portfolio of mining assets, including the Beaufor Mine, two mills (Camflo and Beacon), two advanced projects (Wasamac and Croinor Gold) and eight exploration projects covering more than 240 km2 in the Abitibi region.
  • Upside potential and leverage to the gold price with the Wasamac project.
  • NI 43-101 proven and probable reserves of 162,790 ounces of gold, measured and indicated resources of 1.76 million ounces and inferred resources of 1.67 million ounces
  • Over 150 highly experienced, qualified employees will join the Monarques team.
  • Strong financial position, with cash of $18.2 million

Q4 Highlights (June 30th)

  • Monarques produced 4,695 ounces of gold in its fourth quarter
  • Recorded revenues of $10.0 million in the fourth quarter, from the sale of 4,589 ounces of gold at an average price of $1,609 per ounce (US $1,246), combined with revenue from custom milling, which was up 31% for the quarter.
  • Reported an initial set of results for its 2018 drilling program at the Beaufor Mine. The results were for nine holes totalling 2,047 metres of drilling on the QF1 and 1700 projects (see press release dated July 17, 2018).

FULL DISCLOSURE: Monarques Gold Corp. is an advertising client of AGORA Internet Relations Corp.

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Shareholders overwhelmingly approved the Beauce #Gold Fields Spinout Plans and all other matters at AGM $HPQ.ca

Posted by AGORACOM-JC at 2:12 PM on Friday, August 17th, 2018

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  • Pleased to advise that shareholders have approved all matters set out in the Information Circular that also included the Plan of Arrangement for the spin-out of Beauce Gold Fields into a separately trading company in a general annual and special meeting held last Friday August 10 2018, in Montreal

MONTREAL, Aug. 17, 2018 – HPQ Silicon Resources Inc (“HPQ”) (TSX Venture:HPQ) is pleased to advise that shareholders have approved all matters set out in the Information Circular that also included the Plan of Arrangement for the spin-out of Beauce Gold Fields into a separately trading company in a general annual and special meeting (AGM) held last Friday August 10 2018, in Montreal.

Patrick Levasseur of HPQ Silicon stated, “This shareholder approval for the spin-out will finally unlock the potential gold value of the Beauce gold property…” Mr. Levasseur further stated, “After more than a century of major historical placer gold mining in the Beauce, Beauce Gold Fields will be the first company dedicated in the exploration for a hard rock gold deposit as a source of the historical gold placers”

Over 88,548,320 shares representing 44.62 per cent of the 198,463,807 shares issued and outstanding as at the record date were voted.

Results of the AGM votes

  • 99.98% approval of the Plan of Arrangement between the Company and Beauce Gold Fields
  • The nominees listed in the attached table were re-elected as directors of the corporation to hold office until the next annual meeting or until there successors are elected or appointed.
Motions For Withheld
Bernard Tourillon 99.59% 0.41%
Patrick Levasseur 99.61% 0.39%
Noelle Drapeau 99.62% 0.38%
Robert Robitaille 99.63% 0.37%
Richard Mimeau 99.49% 0.51%
Peter Smith 89.12% 10.88%
Daryl Hodges 99.54% 0.46%
  • With 99.85 per cent of the vote in favour, Raymond Chabot Grant Thornton LLP, chartered accountants, was appointed auditor of the corporation for the ensuing year.

Bernard Tourillon, chairman, President and CEO, stated: “We extremely pleased with obtaining 44.62-per-cent shareholder participation, up from 42.97 per cent last year. Such a strong vote of confidence for the board and management team during this transition year bodes very well for the future.”

Other Corporate Issues

In accordance with the agreement between HPQ-Silicon and Agoracom, entered into on July 3, 2014, extended by both parties for additional periods ending July 15, 2018 and July 15, 2019 under the same terms and conditions, HPQ-Silicon board has approved the issuance of 156,684 common shares at a deemed price of 9 cents per share to pay $14,125 for services rendered during the period from January 16, 2018 ending April 15, 2018. Furthermore, HPQ board has also approved the issuance of 176,562 common shares at a deemed price of 8 cents per share to pay $14,125 for services rendered during the period from April 16, 2018 ending July 15, 2018.

About HPQ Silicon

HPQ Silicon Resources Inc. is a TSX-V listed resource company planning to become a vertically integrated and diversified High Purity, Solar Grade Silicon Metal (SoG Si) producer and a manufacturer of multi and monocrystalline solar cells of the P and N types, required for production of high performance photovoltaic conversion.

HPQ goal is to develop, in collaboration with industry leaders that are experts in their fields of interest, the innovative metallurgical PUREVAPTM “Quartz Reduction Reactors (QRR)” process (patent pending), which will permit the transformation and purification of quartz (SiO2) into high purity silicon metal (Si) in one step and reduce by a factor of at least two-third (2/3) the steps required to transform quartz (SiO2) into SoG Si. The pilot plant equipment that will validate the commercial potential of the process is on schedule for an end 2018 start.

About Beauce Gold Fields

BGF is a wholly owned subsidiary of HPQ Silicon. It is in the process of “Spinning Out” its gold assets into BGF, a new public junior gold company, subject to approval by TSX-V.

The Beauce Gold Fields project is a unique, historically prolific gold property located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 152 claims 100% owned by HPQ, the project area hosts a six kilometre long unconsolidated gold-bearing sedimentary unit (a lower saprolite and an upper brown diamictite). The gold in saprolite indicates a close proximity to a bedrock source of gold along with the recent discovery of a fault underneath the historical gold placers, provides possible further exploration discoveries. The property was also hosts numerous historical gold mines that were active from 1860s to the 1960s. (see HPQ SEDAR-filed report)

A Beauce Gold Fields presentation is available.  It can be downloaded via link below:

http://www.hpqsilicon.com/wp-content/uploads/2017/07/BGF-Presentation-V-Jul-2017.pdf

This Press Release Is Available On The Company’s CEO Verified Discussion Forum, A Moderated Social Media Platform That Enables Civilized Discussion and Q&A Between Management and Shareholders. https://agoracom.com/ir/HPQ-SiliconResources/forums/discussion

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the 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.

Shares outstanding: 203,050,807

For further information contact:

Bernard J. Tourillon, Chairman President and CEO Tel (514) 907-1011
Patrick Levasseur, COO Tel: (514) 262-9239
www.HPQSilicon.com

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

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

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

GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-43 to COD18-45 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone.

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

(50.1 g/t gold over 2.05meters)

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

The highlight from these analytical results is an intersection of 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05 meter core length in drill hole COD18-45 which tested the COD Vein, including 167.5 g/t gold, 1,370 g/t silver and >500 g/t tellurium over 0.46 meter core length. This gold-bearing intersection of quartz veins and altered granodiorite in COD18-45 is located at approximately 20 meter vertical depth and approximately 160 meters southwest of the area of 2017 trenching at the COD Vein. COD18-45 is located approximately 220 meters southwest of drill hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meters, including 10.96 g/t gold over 5.97 meters (News Release of September 7, 2017).

The 2018 drilling program focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. The 2018 drilling program also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).

The analytical results listed below are highlights from drill holes COD18-43 to COD18-45 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t).

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

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

Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. Samples exceeding 100 g/t gold were re-analyzed for gold by Fire Assay – Gravimetric Finish. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES. Quality control (QC) samples were inserted at regular intervals.

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

 

To view the Original News release with pictures please go to the website or contact the company.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

[email protected]

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$GGX.ca GGX Gold Drilling Intersects 8.23 g/t Gold and 67.3 g/t Silver over 3.9 Meters at COD Vein — Gold Drop Property, Southern British Columbia $K.ca

Posted by AGORACOM at 9:28 AM on Thursday, August 9th, 2018

 

 

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    • Results received for 2018 drill holes COD18-37 to COD18-42 which tested the COD Vein.
    • COD18-37 Intersected 8.23 g/t Gold and 67.3 g/t Silver over 3.9 Meters at COD Vein

Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce it has received additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-37 to COD18-42 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone.

 

Core from drill hole COD18-37 (includes 8.23 g/t gold over 3.95m intersection) (To view the graphic in its original size, please click here)

 

A highlight from these analytical results is an intersection of 8.23 grams per tonne (g/t) gold, 67.36 g/t silver and 38.53 g/t tellurium over 3.95 meter core length in drill hole COD18-37. This gold-bearing interval (quartz veins and altered granodiorite) in COD18-37 is located at approximately 40 meter vertical depth and approximately 130 meters southwest of the area of 2017 trenching.  COD18-37 is located approximately 190 meters southwest of hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meters, including 10.96 g/t gold over 5.97 meters (News Release of September 7, 2017).

 

Gold bearing quartz vein in drill hole COD18-37 (To view the graphic in its original size, please click here)

 

The 2018 drilling program to date has been mainly focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. The 2018 drilling program has also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).

 

Previous drill core analytical results from the 2018 drilling program are reported in News Releases of May 29, June 14, June 27, July 11, July 19, July 25 and August 1. The highlight of the 2018 drilling program to date is 14.62 g/t gold, 150.2 g/t silver and 102.0 g/t tellurium over 2.1 meter core length in drill hole COD18-3 at the COD Vein.

 

The analytical results listed below are highlights from drill holes COD18-37 to COD18-42 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t). The intervals listed in the following table are from the gold, silver and tellurium bearing quartz veins and adjacent altered granodiorite in drill hole COD18-37 and a quartz vein in drill hole COD18-42.

 

Hole ID From (m) To (m) Interval Length (m) Au (g/t) Ag (g/t) Te (g/t)
COD18-37 47.22 51.17 3.95 8.23 67.36 38.53
including 47.22 47.54 0.32 21.8 165 101.5
including 48.03 48.32 0.29 3.35 26.7 18
including 48.32 49.00 0.68 2.05 23.2 17.8
including 49.00 50.05 1.05 18.15 137 76
including 50.05 50.38 0.33 5.05 56.7 25.6
including 50.38 51.17 0.79 3.02 32.6 16.9
COD18-42 41.18 41.53 0.35 6.58 52 23.1

 

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

 

Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. The samples were also analyzed for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed by Four Acid ICP-AES. Quality control (QC) samples were inserted at regular intervals.

 

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

 

To view the Original News release with pictures please go to the website or contact the company.

 

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

[email protected]

 

Investor Relations:

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

 

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

The Crew

 

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Monarques Gold $MQR.ca Files a Technical Report for Its Swanson #Gold Project $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 9:26 AM on Friday, August 3rd, 2018

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  • Final technical report shows an increase of 6,049 ounces in the Indicated category and 183 ounces in the Inferred category, which totals 1,752,100 tonnes at 1.85 g/t Au for 104,100 ounces of gold in the Indicated category and 74,000 tonnes at 2.96 g/t Au for 7,100 ounces in the Inferred category.
  • Monarques Gold combined Measured and Indicated resources now stand at over 3.15 million ounces of gold (see table 1 at the end of press release).

MONTREAL, Aug. 3, 2018 – MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to announce that it has filed on SEDAR a National Instrument 43-101 technical report for its Swanson gold project. Monarques published a press release on June 20, 2018 (see press release). Following the process of writing the technical report and validation, the following changes were made to the resource table (see Table 1): an increase of 6,049 ounces in the Indicated category and 183 ounces in the Inferred category. The report is also available on Monarques’ website (see technical report).

Table 1 – Swanson Maiden Mineral Resource Estimate for a combined open pit and underground scenario at a cut-off of 0.8 g/t Au (in pit) and 2.7 g/t Au (underground)

Area Indicated Resources Inferred Resources
Tonnes (t) Grade Au
(g/t)		 Ounces Au Tonnes (t) Grade Au
(g/t)		 Ounces Au
In-Pit 1,694,000 1.80 98,100 17,400 2.53 1,400
Underground 58,100 3.17 5,900 56,600 3.10 5,600
TOTAL 1,752,100 1.85 104,100 74,000 2.96 7,100
Notes to Accompany Mineral Resource Table:
(1) These mineral resources are not mineral reserves as they do not have demonstrated economic viability.
(2) The mineral resource estimate follows 2014 CIM definitions and guidelines for mineral resources.
(3) Results are presented in situ and undiluted and considered to have reasonable prospects for economic extraction.
(4) The estimation encompasses four zones with a minimum true thickness of 2.5 m using the grade of the adjacent material when assayed or a value of zero when not assayed.
(5) High-grade capping of 30 g/t Au (4 g/t Au for the dilution envelope) was applied to assay grades prior to compositing grade for interpolation using an Ordinary Kriging interpolation method based on 1.5 m composite and block size of 3 m x 3 m x 3 m, with bulk density values applied by lithology (g/cm3): I2 = 2.78; I4O, V3, V4 = 2.90, and OVB = 1.5.
(6) The estimate is reported for potential scenario combining open pit and underground at cut-off grades of 0.8 g/t Au (open pit) and 2.7 g/t Au (underground). The cut-off grades were calculated using a gold price of USD1,296/oz, a CAD:USD exchange rate of 1.28, and the following parameters (CAD): (a) Open pit scenario: mining cost $4.94/t; processing cost $27.00/t; G&A $4.00/t, pit slope of 50° during Whittle optimization; (b) Underground scenario (CAD): mining cost $90.00/t; processing cost $27.00/t; G&A $10.00/t. The cut-off grades should be re-evaluated in light of future prevailing market conditions (metal prices, exchange rate, mining cost, etc.)
(7) The number of metric tons was rounded to the nearest hundred and the metal contents are presented in troy ounces (tonne x grade / 31.10348).
(8) InnovExplo is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political or marketing issues, or any other relevant issue not reported in this Technical Report that could materially affect the mineral resource estimate.

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., the Corporation’s qualified person and by Christine Beausoleil, P.Geo. and Alain Carrier, P.Geo., M.Sc. of InnovExplo Inc., all of whom are qualified persons as defined by NI 43-101..

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSX.V:MQR) is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Beaufor Mine, the Croinor Gold (see video), Wasamac, McKenzie Break and Swanson advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill. Monarques enjoys a strong financial position and has more than 150 skilled employees who oversee its operating, development and exploration activities.

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 release.

Table 1 – Monarques Gold Measured and Indicated Resources

Tonnes
(metric)		 Grade
(g/t Au)		 Ounces
Wasamac property1
Measured Resources 3.99 million 2.52 323,300
Indicated Resources 25.87 million 2.72 2,264,500
Total Measured & Indicated Resources 29.86 million 2.70 2,587,900
Beaufor Mine2
Measured Resources 74,400 6.71 16,100
Indicated Resources 271,700 7.93 69,300
Total Measured & Indicated Resources 346,200 7.67 85,400
Croinor Gold Mine3
Measured Resources 80,100 8.44 21,700
Indicated Resources 724,500 9.20 214,300
Total Measured & Indicated Resources 804,600 9.12 236,000
Swanson property4
Pit Constrained
Indicated Resources 1,694,000 1.80 98,100
Underground
Indicated Resources 58,100 3.17 5,900
Total Indicated Resources 1,752,100 1.85 104,100
McKenzie Break property5
Pit Constrained
Indicated Resources 939,860 1.59 48,133
Underground
Indicated Resources 281,739 5.90 53,448
Total Indicated Resources 1,221,599 2.58 101,581
Simkar Gold property6
Measured Resources 33,570 4.71 5,079
Indicated Resources 208,470 5.66 37,905
Total Measured & Indicated Resources 242,040 5.52 42,984
TOTAL
Measured & Indicated Resources 3,157,865
1 Source: Technical Report on the Wasamac Project, Rouyn-Noranda, Québec, Canada, Tudorel Ciuculescu, M.Sc., P.Geo., October 25, 2017, Roscoe Postle Associates Inc.
2 Source: NI-43-101 Technical Report on the Mineral Resource and Mineral Reserve Estimates of the Beaufor Mine as at September 30, 2017, Val-d’Or, Québec, Canada, Carl Pelletier, P. Geo. and Laurent Roy, Eng.
3 Source: Monarques prefeasibility study (January 19, 2018) and resource estimate (January 8, 2016)

4 Source: NI 43‐101 Technical Report on the Swanson Project, June 20, 2018, Christine Beausoleil, P.Geo. and Alain Carrier, P.Geo., M.Sc. of InnovExplo Inc.

5 Source: NI 43‐101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc., and Christian D’Amours, P.Geo., of GeoPointCom Inc.

6 Source: MRB et Associés (January 2015)

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$GGX.ca GGX Gold Drilling Intersects 6.16 g/t Gold & 72.4 g/t Silver Over 3.41m at COD Vein, Gold Drop Property, Southern British Columbia $NNA.ca $K.ca

Posted by AGORACOM at 9:57 AM on Wednesday, August 1st, 2018

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  • Assays received for 2018 drill holes COD18-34 to COD18-36 which tested the COD Vein, Gold Drop Southwest Zone.
  •  COD18-34 returned 6.16 grams per tonne (g/t) gold, 72.4 g/t silver and 31.0 g/t tellurium over 3.41 meter
  • COD18-34 is located 180 meters southwest of hole COD17-14 which intersected 4.59 g/t gold over 16.03m, including 10.96 g/t gold over 5.97m

Vancouver, British Columbia (FSCwire) – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce the receipt of the additional analytical results from its diamond drilling program on the Gold Drop property, located near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-34 to COD18-36 which tested the COD Vein. The COD gold bearing vein is located in the Gold Drop Southwest Zone.

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

A highlight from these analytical results is an intersection of 6.16 grams per tonne (g/t) gold, 72.4 g/t silver and 31.0 g/t tellurium over 3.41 meter core length in hole COD18-34. This gold-bearing interval (quartz veins and altered granodiorite) in hole COD18-34 is located at approximately 25 meter vertical depth and approximately 115 meters southwest of the area of 2017 trenching.  COD18-34 is located approximately 180 meters southwest of hole COD17-14 which intersected the 4.59 g/t gold over 16.03 meters, including 10.96 g/t gold over 5.97 meters (News Release of September 7, 2017).

The analytical results listed below are highlights from drill holes COD18-34 to COD18-36 (intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of the 2017 trench. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams per tonne (g/t). The intervals listed in following table are from the gold, silver and tellurium bearing quartz vein and / or adjacent altered granodiorite.

Hole ID From (m) To (m) Interval Length (m) Au (g/t) Ag (g/t) Te (g/t)
COD18-34 35.59 39.00 3.41 6.16 72.4 31.0
including 35.59 35.93 0.34 18.85 104 80.1
including 37.60 38.41 0.81 14.85 244 82.8
including 38.41 39.00 0.59 2.91 13 10.65
COD18-34 40.00 40.45 0.45 2.36 17 15.7
COD18-35 53.65 54.25 0.60 1.62 17.05 11.85
COD18-35 55.00 55.74 0.74 1.58 13.95 11.15
COD18-36 41.20 43.00 1.80 1.61 14.28 8.62
Previous drill core analytical results from the 2018 drilling program are reported in News Releases of May 29, June 14, June 27, July 11, July 19 and July 25. The highlight of the 2018 drilling program to date is 14.62 g/t gold, 150.2 g/t silver and 102.0 g/t tellurium over 2.1 meter core length in hole COD18-3 at the COD Vein.

The 2018 drilling program to date has been mainly focused on testing and defining the COD Vein, a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest striking COD Vein for over 160 meter strike length. The 2018 drilling program has also tested the continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017. Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8 g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017).

Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half with half core samples submitted for analysis and remaining half core stored in a secure location. Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay – AA. The samples were also analyzed for 48 Elements by Four Acid and ICP-AES / ICP-MS. Quality control (QC) samples were inserted at regular intervals.

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The Company also announces it has granted 1,000,000 options at an exercise price of $0.15. The options are exercisable for five years and will be cancelled 30 days after cessation of acting as a director, officer, employee or consultant of the Company.

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

To view the Original News release with pictures please go to the website or contact the company.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

[email protected]

Investor Relations:               

Mr. Jack Singh, 604-488-3900  

[email protected]

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

 

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