Posted by AGORACOM
at 8:15 AM on Monday, April 1st, 2019
Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
The Company’s focus since acquiring the Keymet Property is the area of
reported polymetallic veins with most work in the area of the Elmtree 12
copper-lead-zinc-silver bearing vein system.
At
least seven vein occurrences with lead, zinc and +/- copper, silver and
gold are reported in this region of the property in addition to the
polymetallic veins reported at the historic Keymet Mine
FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp
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 10:20 AM on Thursday, February 28th, 2019
Drilling occurred in northwest region of the property, 1.5 km NW of the historic Keymet Mine.
Ky-18-14: 7.89% zinc equivalent over 34.3 meters (From 46.20 m to 80.50 m)
Elmtree 12 vein: System traced to approximately 145 meters depth, open at depth
Elmtree 12 vein: Strike length of approximately 110 meters and open along strike
The Company’s focus since acquiring the Keymet Property is the area of reported polymetallic veins with most work in the area of the Elmtree 12 copper-lead-zinc-silver bearing vein system.
At least seven vein occurrences with lead, zinc and +/- copper, silver and gold are reported in this region of the property in addition to the polymetallic veins reported at the historic Keymet Mine
FULL DISCLOSURE: Great Atlantic is an advertising client of AGORA Internet Relations Corp
Posted by AGORACOM
at 8:55 AM on Thursday, February 21st, 2019
The recently completed drilling in phase 2 identified a series of 30 epithermal veins
Approximately 1000m to the northeast, the SG3 Target area, is a structural intersection mapped and sampled by the geological survey of Mexico which is a feeder system type target.
Now that we have established that there is a large cluster of epithermal veins at Tabasquena, we are also eager to explore for feeder system type targets. Our plan to drill deeper into the vein system to look for the boiling point in our epithermal veins
About Advance Gold Corp. (TSXV: AAX)
Advance Gold is a TSX-V listed junior exploration company focused on
acquiring and exploring mineral properties containing precious metals.
The Company acquired a 100% interest in the Tabasquena Silver Mine in
Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas
state, in April, 2018.
The Tabasquena project is located near the Milagros silver mine near
the city of Ojocaliente, Mexico. Benefits at Tabasquena include road
access to the claims, power to the claims, a 100-metre underground shaft
and underground workings, plus it is a fully permitted mine.
FULL DISCLOSURE: Advance Gold is an advertising client of AGORA Internet Relations Corp.
For further information, please contact: Allan Barry Laboucan, President and CEO Phone: (604) 505-4753 Email: [email protected]
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
Property covers the past producing Colt Mesa Mine, a copper deposit with associated cobalt, zinc, nickel and molybdenum mineralization.
Recent sampling (CM-18-01) returned values of 0.88(%) copper (Cu), 2.31% cobalt (Co), 9.31 % zinc (Zn), +1.00 % nickel (Ni), and 0.29 % molybdenum (Mo), over a 0.3 meter chip sample of surface exposure near the adit portal.
Area recently became open for staking and exploration after a 21 year period moratorium, due to the reduction of the “Grand Staircase Escalante National Monument” by President Trump in December 2017.
1975 grab sampling reported values from 0.07% to 29.50 % copper (Cu), 0.01% to 0.67 % cobalt (Co), 0.03% to 3.30 % zinc (Zn), 0.02% to 0.27 % nickel (Ni), and trace to 0.17 % molybdenum (Mo). The Company cautions investors grab samples are selected samples and are not necessarily representative of the mineralization on the Colt Mesa property.
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]
Posted by AGORACOM
at 8:16 AM on Tuesday, January 15th, 2019
129 g/t
gold and 1,154 g/t silver over 7.28 meter core length (majority of
samples greater than the upper 500 g/t analytical limit for tellurium).
High-grade quartz vein intersection is near-surface (18 to 23 meters vertical depth).
Part
of exploratory shallow drilling designed to define high-grade
mineralization and expand the understanding of controls on
mineralization.
Telluride mineralization is common in vein intersection. Visible gold in one section.
VANCOUVER, BC / ACCESSWIRE / January 11, 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 drill holes COD18-65 to COD18-67 completed during the November 2018
diamond drilling program at its Gold Drop Property near Greenwood,
southern British Columbia. COD18-67 intersected near-surface high-grade
gold and silver with significant tellurium in the COD quartz vein.
COD18-67 tested the southwest region of the COD vein in an area of prior
high-grade gold drill intercepts. The mineralized COD vein system has
been traced by drilling and / or trenching for approximately 400 meter
strike length and is open to the northeast, at depth and possibly to the
southwest. Highlights for COD18-67 include:
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 in
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 (News Releases of August 15 and 22, 2018). These include
(core length):
COD18-45: 50.1 g/t gold and 375 g/t silver over 2.05 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).
Approximate 20 meter (COD18-45) to 23 meter (COD18-46) vertical depth of high grade gold and silver mineralization.
Drill
holes COD18-45 and COD18-46 were drilled at 45 and 50 degree dips to
the west from the same site to intersect the northeast-southwest
striking COD vein.
Intersections exceeding 1 g/t gold for drill
holes COD18-65 to COD18-67 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
COD18-66
16.35
16.75
0.40
1.02
6.22
3.46
Quartz veinlet & altered wall rock.
COD18-66
22.96
23.90
0.94
6.97
46.8
34.4
Quartz vein
COD18-67
23.19
30.47
7.28
129.1
1,154.9
Quartz vein with +/- tellurides
COD18-67
incl. 23.58
23.95
0.37
106
1250
>500
Quartz vein with tellurides & VG
COD18-67
incl. 24.50
27.63
3.13
232.1
2,001.1
>500
Quartz vein with +/- tellurides
COD18-67
incl. 29.70
30.47
0.77
143
1,372.9
>500
Quartz vein with tellurides
Samples
of felsic intrusive wall rock adjacent to the high grade vein in
COD18-67 returned low grade gold values of 0.77 g/t (22.00-23.19 meters)
and 0.57 g/t (30.47-32.72 meters).
All
of the November 2018 drill holes were collared within 25 meters of
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. 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.
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 an
intersection of 28.0 g/t gold, 424.7 g/t silver and 150.4 g/t tellurium
over 1.17 meter core length in COD18-63.
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 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.
“With each additional drill program, we are
significantly improving the gold grade mineralization of the COD Vein.
We continue to expand the known strike length of the mineralized vein
system, which remains open in several directions. With another new
near-surface high-grade gold-zone and increasing strike length, we are
very satisfied with the results generated and optimistic on the gold
potential of the Gold Drop project.” comments Barry Brown, President.
On Behalf of the Board of Directors, Barry Brown, Director 604-488-3900 [email protected]
