Vancouver, British Columbia (FSCwire) - GGX Gold Corp. (TSX.V: GGX) (OTCQB: GGXXF), (the “Company” or “GGX”) is pleased to announce the completion drill holes 25 through 30 on the COD Vein, located in the Gold Drop Southwest Zone. Thirty holes have been completed to date during the current 2018 diamond drill program testing the COD Vein, totaling 2,020 meters (6,627 feet).

 

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The latest series of diamond drill holes were drilled from a pad located 40 meters south of the 2017 COD trenches. These holes targeted an area of historical cross trenches that never reached bedrock. The highlight of the latest series of holes is DD-COD18-30 that extended the COD vein 65 meters to the south. The hole intersected a 2.2 meter mineralized quartz vein with visible tellurides and visible gold.

 

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Listed below are the highlights from the latest series of COD diamond drill holes. All reported widths are core length.

 

DDCOD18-26 – intersected a 11.25 m mineralized zone including 6.38 m of quartz veining.

 

DDCOD18-29 – intersected a 3.94 m mineralized zone including 1.6 m of quartz vein intercept.

 

DDCOD18-30 – intersected a 3.51 m mineralized zone including a 2.2 m quartz vein intercept.

 

The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver, BC. There the core will be analyzed for gold by Fire Assay and for 48 multi element Four Acid and ICP-MS. Quality control (QC) samples are being inserted at regular intervals.

 

The company is continuing with its summer drill program utilizing two drill rigs, one drill is on the newly discovered Everest Vein located approximently 100 Meters west of the COD and 600 Meters south of the COD trench. The second Drill rig is continuing to extend the Gold bearing COD vein both north and south.

Further updates on these programs will be provided shortly and a steady flow of assays results are expected to begin at the end of May and continue over the seasons program.

 

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David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and consultant for GGX, 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

Office@GGXGold.com

 

Investor Relations:

Mr. Jack Singh, 604-488-3900   ir@GGXgold.com

 

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

The Crew

 

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Forward Looking Information

 

This News Release may contain forward-looking statements including but not limited to comments regarding the acquisition of certain mineral claims. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Revolver undertakes no obligation to update such statements, except as required by law.

 

Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals being targeted by the Company will be sustained or will improve; the Company will be able to obtain required exploration licences and other permits; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will be able to identify and acquire additional mineral interests on reasonable terms or at all. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: that resource exploration and development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not be able to raise additional funds when necessary; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; potential inability to find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties listed in the Company’s public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

 

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.

To view the original release (with media), please click here

Source: GGX Gold Corp. (TSX Venture:GGX, OTCQB:GGXXF, FWB:3SR2)

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