GGX Gold COD North Samples Return 15.45 and 21.7 g/t Gold On the Gold Drop Property Southern British Columbia
GGX Gold COD North Samples Return 15.45 and 21.7 g/t Gold
On the Gold Drop Property
Southern British Columbia
Vancouver, British Columbia – November 20, 2018 – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce it has received analytical results from the 2018 trenching and sampling program on the Gold Drop Property, located near Greenwood, B.C. Trenching and sampling was conducted in the COD North target area, located in the Gold Drop Southwest Zone. Highlights from 2018 sampling at COD North include:
- Grab sample: 15.45 grams per tonne (g/t) gold, 159 g/t silver Ag and 114.5 g/t tellurium.
- Chip sample (0.4 meters long) : 21.7 g/t gold, 216 g/t silver and 149 g/t tellurium
- New Area Never been drilled permits in place for 2019
The 2018 trenching program focused on the COD North worksite in the Gold Drop Southwest Zone. The program tested gold soil anomalies which were identified by the Company in 2017. The COD North worksite is located northeast of the COD vein worksite.
The 2018 trenching program exposed several showings of the COD North quartz vein(s). Thick overburden and bedrock faulting made for a difficult program. A total of 16 rock samples were collected and submitted to ALS Canada in North Vancouver for analysis. Ten of the samples exceeded 1/g/t gold while also returning significant silver and tellurium analyses. The best results came from the northern trenches near the COD North mineshaft.
The highlights include grab sample 112753 of rusty quartz vein that assayed 15.45 grams per tonne (g/t) gold, 159 g/t silver Ag and 114.5 g/t tellurium; and sample 112759, a chip sample across a 40 centimeter wide northeast-southwest striking sub-vertical quartz vein, that assayed 21.7 g/t gold, 216 g/t silver and 149 g/t tellurium.
The following table lists COD North rock samples exceeding 1 g/t gold.
The 2018 COD North rock samples were analyzed for gold by Fire Assay – AA and for 48 Elements by Four Acid ICP-MS. Samples exceeding 100 g/t silver were re-analyzed for silver by Four Acid ICP-AES.
COD North 2017 Soil Sample Anomalies
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, 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
Investor Relations: Mr. Jack Singh, 604-488-3900 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.