Gold Drop Project
Gold, Silver & Tellurium
129 g/t gold and 1,154 g/t silver over 7.28 meter
GGX’s Gold Drop property in situated in one of the most prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp.
The current 2019 drill program is following up on the 2018 drilling which intercepted high grade gold-silver results (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length.
In addition tellurium grades were announced with “up to 3,860 g/t tellurium”, including “823 g/t tellurium over 7.28-meter core length” and “640 g/t tellurium over 6.90-meter core length
See “What is Tellerium“
+30 Past Producing Mines
“With such a high concentration of mines, a likely deeper mineralized feeder system(s) may exist beneath the mines. New technology will allow us to quickly find out.”
GGX has recently signed an “Exclusivity Letter” in regards to investigation for a possible acquisition.*
The Phoenix property has over 30 high grade past producing mines along with the former open pit Phoenix Mine which produced over 1.0 Moz Gold, 6.5 Moz Silver & 518 Mlbs Copper.
With such a high concentration of mines, a likely deeper mineralized feeder system(s) may exist beneath the mines.
Such was the case for the nearby Copper Mountain Mine (Princeton, B.C.) and the New Afton Mine (Kamloops B.C.) where new owners successfully restarted the two mines after exploring deeper beneath the “mined out” open pits and discovered major mineralized feeder systems (view video below).
GGX plans to aggressively explore beneath the Phoenix open pit and the 30 past producing smaller mines using a Deep Penetration Airborne Geophysical Survey called ZTEM in order to possibly locate the source of the extensive mineralization and mines at surface.
* GGX Gold is in the final stages of acquiring the adjacent Phoenix and Tam O’Shanter properties. An independent third party fairness opinion has been completed as well as an extensive due diligence process. Completion of the Transaction is still subject to several remaining conditions. Such conditions include the execution of a definitive agreement; receipt of requisite director approvals, as applicable; and receipt of all required regulatory, corporate and third party approvals, including the approval of the TSX Venture Exchange.