GGX Gold Initiates Trenching Program in Addition to its Ongoing Diamond Drilling Program
May 17, 2018
GGX Gold Initiates Trenching Program
in Addition to its Ongoing Diamond Drilling Program
Vancouver, British Columbia – May 17, 2018 – GGX Gold Corp. (TSX.V: GGX) (OTCQB: GGXXF), (FRA; 3SR2) (the “Company” or “GGX”) is pleased to announce the mobilization of an additional piece of heavy equipment to the Gold Drop Property near Greenwood, Southern British Columbia. The excavator will be used during the on-going diamond drill program for expanding the trenches at both the COD and Everest Veins. The permit allows for an additional 850 meters of trenching in the Gold Drop Southwest zone. These trenches are specifically designed for locating and extending both the COD and Everest Vein structures that are currently being drilled.
The trenching program will target gold soil geochemical anomalies identified during the 2017 survey. These gold soil anomalies including high values of 0.061, 0.073 and 0.088 ppm gold. Soil samples were collected along 31 soil lines. These lines were spaced 25 meters apart with a 25meter sample interval. The soil lines were of varying lengths but on average 250meters long. The soil sampling program extended the target area for at least 600 meters northeast. The program also identified other gold anomalies near the new COD adit and northeast of the COD trenches, now referred to as the COD North. (See News Release of January 10, 2018).
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and consultant for GGX, is responsible for the technical information contained in this News Release.
On Behalf of the Board of Directors,
Barry Brown, Director
Mr. Jack Singh: 604-488-3900
“ We don’t have to do this, we get to do this ”
Forward Looking Information
This News Release may contain forward-looking statements including but not limited to comments regarding the acquisition of certain mineral claims. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements and Revolver undertakes no obligation to update such statements, except as required by law.
Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals being targeted by the Company will be sustained or will improve; the Company will be able to obtain required exploration licences and other permits; general business and economic conditions will not change in a material adverse manner; financing will be available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will be able to identify and acquire additional mineral interests on reasonable terms or at all. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and uncertainties, 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; fluctuations in currency exchange rates; fluctuating prices of commodities; operating hazards and risks; competition; potential inability to find suitable acquisition opportunities and/or complete the same; and other risks and uncertainties listed in the Company’s public filings. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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