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GGX Gold receives additional Drill Results from Phase II Diamond Drilling at Gold Drop, including 3.17 g/t Gold over 0.47 Meters

Posted by AGORACOM at 9:30 AM on Wednesday, October 25th, 2017


  • Northeast – Southwest COD Vein has over 160 meter strike length
  • Results are from drill holes COD17-21 to COD17-27
  • GGX intercepted 3.17 g/t Gold over 0.47 Meters

Vancouver, British Columbia (FSCwire)GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce the receipt of additional drill core sample analytical results from the recent diamond drilling program at its Gold Drop Property, located near Greenwood, B.C. These analytical results are for samples from drill holes COD17-21 to COD17-27. The Company recently completed a Phase II diamond drilling program in the Gold Drop Southwest Zone, targeting the gold and silver bearing COD Vein.


The objective of the Phase II drilling was to further explore and define 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 Phase II drilling program aimed to delineate the COD Vein from 2 pad locations in the northern extent of the trench, 100 and 160 m north of the COD mine shaft. The Phase II drilling totaled 12 holes (690 meters).


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The Company had previously received analytical results for 68 trench channel samples collected at the COD Vein. These samples returned anomalous to high grade values for gold, including high values of 43.2 grams / tonne (g/t) Gold and 224 g/t Silver (News Release of July 26, 2017). The first batch of 2017 drill core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver (News Release of Aug 28, 2017). The second batch of drill core samples also returned significant gold and silver values including a broad intersection in hole COD17-14 grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meters core length with a high grade core grading 10.96 g/t Gold and 89.86 g/t Silver over 5.97 meters core length (News Release of Sept 7, 2017).


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Drill core was geologically logged and sampled at the Greenwood facility. 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 from holes 15 to 27 were also analyzed for 48 Elements by Four Acid and ICP-AES / ICP-MS. Quality control (QC) samples are inserted at regular intervals.


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Drill core samples collected for holes COD17-21 to COD17-27 were from select intervals, testing the COD Vein and intervals of host rock. The analyses listed in the following table below are from the gold and silver bearing vein and / or low grade mineralized host rock. Since true widths cannot be accurately determined from the information available the core lengths (meters) are reported. The Gold and Silver analyses are reported in grams / tonne.


HOLE ID From To Core interval Length Au ppm Ag ppm
COD17-22 10.97 11.65 0.68 0.74 8.82
COD17-23 11.55 12.25 0.7 0.49 5.11
COD17-23 56.75 57.2 0.45 0.59 5.91
COD17-23 58.95 59.6 0.65 0.76 5.86
COD17-24 12.97 13.82 0.85 0.43 5.79
COD17-25 47.67 48.38 0.71 1.52 15.35
COD17-25 48.38 49.01 0.63 0.43 5.94
COD17-26 8 8.47 0.47 3.17 40.1
COD17-26 29.92 30.76 0.84 0.52 5.02
COD17-27 10.62 10.97 0.35 0.61 6.46
COD17-27 38.06 38.96 0.9 0.43 5.68

Hole COD17-26 was located at the northern-most pad along the COD trench. The sample at 8.00 – 8.47 meters from this hole was of a near-surface oxidized vein. The sample at 47.67 – 48.38 meters from hole COD17-25 was of quartz veins and altered host rock. This batch of analytical results continues to reveal intervals of low grade gold in the host rock. The two samples at 56.75 – 57.20 and 58.95 – 59.60 meters from hole COD17-23 are of altered host rock.


Quartz veins in COD17-14

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


On Behalf of the Board of Directors,


Barry Brown, Director



Investor Relations:


Mr.  Jack Singh: 604-720-6598     E-mail: [email protected]


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