GGX Gold Successfully Processes Bulk Sample From the Everest Vein
Vancouver, British Columbia – July 5, 2018 – GGX Gold Corp. (TSXV: GGX), (OTCQB: GGXXF),(FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce the successful extraction and processing of a bulk sample from the Everest gold bearing vein at the Gold Drop Gold Property. The Everest vein is located in the Gold Drop Southwest Zone.
The sampling was designed to identify the style of mineralization of the Everest vein and determine whether a gold table could be used as a separation tool for concentrating the vein hosted mineralization.
Remember the old saying :
‘ We Drill for Structure …and… We drift for Grade ’
The test used random vein material from the Everest vein. The sample was collected from surface vein material in the area of the 2018 drilling program. The material was crushed using jaw-rolls crushers and screened to 20 (0.90 mm) mesh. The material from the Everest vein was run through the crusher twice.
The crushed, screened and weighed material was fed through gold shaker table. The samples were collected from the discharges and shipped to Vancouver ALS Canada laboratory for Gold, Silver and Multi-element analysis. The table, buckets and crushers were cleaned before and between sampling. The results of the test are displayed in the following table.
The values obtained were used to calculate the gold content of the 18.05 kg sample to be 20.51 grams per tonne gold. Since the entire pail of tailings was not dried and weight, the total tailings weight is assumed to be initial crush minus the concentrates and midlings.
The bulk sample test shows successful concentration of vein minerals using the gold shaker table technique. The gold shaker table requires continuous feed to operate properly and therefore the riffles had to be cleared. During the clean up some minor cross contamination between the midlings and tailings may have occurred. The gold found in tailings may be explained by the finesse of the gold particle size. The gold table technique requires rigorous fine tuning to optimize the separation and capture of minerals. The company is pleased with these initial results.
The company plans to test an iCON gravimetric concentrator and compare the recoveries to the gold shaker table results.
Robert Tilsley, 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
Mr. Jack Singh, 604-488-3900 firstname.lastname@example.org
“ 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.
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