Vancouver, British Columbia (FSCwire) - GGX Gold Corp. (TSXV: GGX), (OTCQB: GGXXF), (the “Company” or “GGX”) is pleased to announce it has mobilized a second diamond drill rig on the Gold Drop Property near Greenwood BC.

 

(Setting up to drill the Everest Vein located 100m west and 600 meters south on strike with the COD vein )

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The second diamond drill rig is currently being set up in Southwest Zone of the property to complete a series of exploration holes testing the newly discovered gold bearing Everest Vein, which has never been drill tested before after its discovery last year.  The Everest vein is located approximately 600 meters southwest of the COD Vein worksite, where the company is currently drilling phase III on that Vein.  The Everest Vein was discovered in 2017 by a Company prospector during hand pitting at a zone of local quartz float, exposing the vein in-situ. The initial 2017 grab sample of the Everest Vein from the pit returned 34.1 grams /tonne (g/t) gold or 1.0 Troy ounces / ton of gold and 233 g/t silver.  The Company completed 40 meters of trenching and chip sampled the approximately 0.4 wide vein at 3.5 m intervals. Chip samples across the 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).

 

Samples taken at 3.5 Meter intervals across the vein that has been exposed for 40 M

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Sample ID	Sample type	Au ppm	Ag ppm
844766	Chip	34.8	277
844767	Chip	52.8	377
844768	Chip	12.1	110
844769	Chip	20.2	167
844770	Chip	41.8	359
844771	Trench Boulder Grab	81.8	630
844772	Chip	25.3	217
844773	Chip	6.48	47

 

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, 604-720-6598   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 includes certain statements that constitute “forward-looking information” within the meaning of applicable securities law, including without limitation, the Company’s information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the completion of the proposed transactions. Forward-looking statements address future events and conditions and are necessarily based upon a number of estimates and assumptions. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved), and variations of such words, and similar expressions are not statements of historical fact and may be forward-looking statements. Forward-looking statement are necessarily based upon several factors that, if untrue, could cause the actual results, performances or achievements of the Company to be materially different from future results, performances or achievements express or implied by such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will be able to obtain required licenses and permits. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks 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; fluctuating prices of metals; the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results may differ materially from those currently anticipated in such statements. Factors that could cause actual results to differ materially from those in forward looking statements include continued availability of capital and financing and general economic, market or business conditions, the loss of key directors, employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation.

 

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, OTC Pink:GGXXF)

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