FIRST 16 CHANNEL SAMPLES ALL COME BACK ANOMALOUS FOR GOLD AND SILVER UP TO 6.12 G/T AU AND 72.8 G/T AG, C.O.D. Vein

 GGX: TSX-V

GGXXF: OTC

GGX Gold’s First 16 Channel Sample Results all Come Back Anomalous for Gold and Silver  up to 6.12 g/t Gold and 72.8 g/t Silver, C.O.D. Vein (exposed for 160 M) 

Historic Gold Camp Greenwood BC

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Vancouver, British Columbia – July 19, 2017 – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased to announce receipt of the first batch of channel sample analytical results from the current program of channel sampling along the C.O.D. vein in the Gold Drop Southwest Zone. To date trenching has exposed over 160 meters of this vein. The first batch of channel samples came from the southern extent of the C.O.D. vein. The samples, collected across the vein covered a total of 30 meters at approximately 1.5 meter intervals.  These samples taken across the vein were approximately 1 meter long.

Samples were submitted to ALS Minerals and analyzed for gold by screen metallic fire assay and for 33 elements (including silver) by four acid and ICP-AES. The samples returned significant gold and silver values. All of the samples were anomalous in gold ranging from 0.24 g/tonne to 6.12 grams per tonne gold. GGX Gold has submitted an additional 52 channel samples for analysis. The Company is continuing its sampling program along the C.O.D vein and will be submitting further samples in the days ahead. Samples and corresponding gold and silver analyses from the first batch of channel samples are listed in Table 1.

The Company is currently drilling and will provide an update of drilling activities shortly

 

Table of the first 16 C.O.D. Channel Sample Results

  • Channel Sample Intervals were taken every 1.5 Meters
  • Samples were taken over 1 meter across the Vein

 

SAMPLE Au Total (+)(-) Combined Ag
DESCRIPTION g/tonne g/tonne
S423761 0.48 4.3
S423762 0.45 3.4
S423763 1 7
S423764 0.64 6.3
S423765 4.16 37
S423766 2.63 19.9
S423767 2.38 26.4
S423768 2.62 31.4
S423769 0.93 11.4
S423770 3.97 28.8
S423771 0.72 6.3
S423772 0.51 3.7
S423773 0.56 5.8
S423774 0.24 1.8
S423775 1.32 9.1
S423776 6.12 72.8

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

Investor Relations:  Mr. Jack Singh: 604-720-6598     E-mail: ir@ggxgold.com

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

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