GGX Gold Finishes Phase II Drilling at Gold Drop Property in Greenwood District, BC, and Releases Results from First 4 Holes - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - October 5, 2017) -GGX Gold (TSXV: GGX) (OTC Pink: GGXXF) has completed the Phase II diamond drill program on its Gold Drop Property and released results of Holes COD1-15 to COD17-20.. The Gold Drop Property is located 40 kilometres from Grand Forks, British Columbia in the Greenwood District.
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The second phase of the program aimed at exploring and defining the C.O.D. Vein, a Dentonia/Jewel style quartz vein located in the Gold Drop Southwest Zone, previously exposed on surface during the 2017 field season.
To date, 200 metres of trenching has exposed over 160 metres of vein.
The Phase II program consisted of 12 holes totalling 687 metres, from 2 pad locations, in the northern extent of the trench, 100 and 160 metres north of the C.O.D. mine shaft.
Barry Brown, CEO, stated: "We are very pleased with the results of the drilling, especially given the presence of significant gold and silver values along the C.O.D. Vein, including a broad intersection in hole COD17-14 grading 4.59 grams per tonne gold and 38.64 grams per tonne silver over a 16.03 metre core length. We look forward to receiving the results of the remaining assays and planning future work on the property."
Other highlights from the Phase I drilling included 24.1 grams per tonne gold and 192 grams per tonne silver over 0.48 metres from hole COD17-3.
The company also previously released assays from 68 trench channel samples at the C.O.D. Vein, with values as high as 43.2 grams per tonne gold and 224 grams per tonne silver.
The current results are from results from Holes COD17-15 to COD17-20, with additional core samples expected shortly.
The intervals shown are from the gold and silver bearing vein and adjacent low grade mineralized host rock.
| HOLE ID | From (metres) | To (metres) | Core Interval Length (metres) | Gold gpt | Silver gpt |
| COD17-16 | 35.56 | 35.86 | 0.3 | 10.8 | 123.0 |
| COD17-16 | 52.21 | 52.33 | 0.12 | 11.45 | 99.3 |
| COD17-19 | 20.37 | 21.34 | 0.97 | 1.42 | 9.88 |
| COD17-19 | 49.03 | 49.41 | 0.38 | 2.28 | 16.4 |
The Phase II drill core sampling also revealed other intervals with low grade gold in veining and/or host rock.
Drilling to date has confirmed the vein to a vertical depth of 150 feet (46.36 metres), being open at depth.
The shares are trading at $0.155 and with 27.7 million shares outstanding, the company is capitalized at $4.3 million.
For more information, please visit the company's website at www.ggxgold.com, contact Jack Singh, Investor Relations, at 604-720-6598, or by email at ir@ggxgold.com.
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