GGX Gold Announces Private Placement
Gold Drop Project
Gold, Silver & Tellurium
GGX Gold President George Sookochoff
Interiewed by Steve Darling from Proactive Investors
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“
GGX has recently signed an “Exclusivity Letter” with Golden Dawn Minerals Inc. (GOM) (TSX-V:GOM) giving GGX a sixty day “Exclusivity Period” whereby GGX may conduct a due diligence investigation for a possible acquisition. During this period, GGX will investigate claim standings, exploration data and complete an independent third-party valuation of the Kettle River Claim Group (Phoenix & Tam O’Shanter properties), located in the Greenwood Mining Camp of southern British Columbia. 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 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.
Upon completion of an option agreement 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.
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New technology today allows junior mining companies to look deep beneath past producing mines and find larger mineralized feeder systems.This was the case with the New Afton and Copper Mtn. mines in southern B.C.
GGX Gold is going to look deeper underneath a 3rd mine – the Phoenix