GGX Gold 2018 Drilling and Trenching Permits in Place
GGX Gold 2018 Drilling and Trenching Permits in Place
Vancouver, British Columbia – February 14, 2018 – GGX Gold Corp. (TSXV: GGX), (OTCQB: GGXXF), (the “Company” or “GGX”) is pleased to announce the 2018 work permits are in place for Trenching and Drilling on the Company’s Gold Drop Project near Greenwood, BC. The permit has been expanded to included further drilling and trenching that covers the Gold Drop Southwest zone. The 2017 trenching exposed the northeast — southwest striking C.O.D. Vein for more than 160 meters in strike length and the drilling yielded results including Hole COD17-14 grading 4.59 grams per tonne gold and 38.64 grams per tonne silver over 16.03 metres core length with a high grade core grading 10.96 grams per tonne gold and 89.86 grams per tonne silver over 5.97 metres of core length (News release of Sept 7, 2017).
The permit includes an additional 17 drill sites at various locations along the northeast — southwest structure in the Gold Drop Southwest zone where the C.O.D. and the Everest Veins are located. The permit also allows for an additional 850 m of trenching in the Gold Drop Southwest zone. These trenches are specifically designed for locating and extending both the COD and Everest Vein structures. Drilling is also planned and permitted for the Everest vein where the 2017 chip sampling program returned values of up to 81.8 gpt Au and 630 gpt Ag (News release Aug 21, 2017).
The company is anticipating a program to commence in the very near future, which will include a phase three drill program. We will be releasing a more comprehensive description of drill targets and trenching locations shortly.
David Martin, PGeo, a qualified person as defined by National Instrument 43-101, is responsible for the technical information contained in this news release.
On Behalf of the Board of Directors,
Barry Brown, Director
Mr. Jack Singh: 604-720-6598
“ We don’t have to do this, we get to do this ”
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