Gold Drop Project - Drilling in ProgressGold - Silver - Tellurium
Our Gold Drop property is located in one of the most prolific mining camps in Canada.
The Greenwood mining camp, located in southern British Columbia, has a long history of mining having produced 1.4 Million Ounces Gold, 10 Million Ounces Silver and 0.7 Billion pounds Copper.
GGX is revisiting this area utilizing new and advanced exploration methods along with a new understanding of the geological model of the Greenwood mining camp.
High Grade Gold, Silver and now. . . Tellurium
2018 drilling on the Gold Drop property returned drill results of “129 g/t gold and 1,154 g/t silver over 7.28 meter core length“.
In addition, assays showed that tellurium grades have exceeded the upper analytical limits at the lab (i.e. 500 g/t tellurium), which prompted GGX to re-analyze the core for tellurium. On March 18, the exact tellurium grades were announced with “up to 3,860 g/t tellurium”, including “823 g/t tellurium over 7.28-meter core length” and “640 g/t tellurium over 6.90-meter core length”.
Tellurium – Rarer than rare earth elements!
- Cadmium Telluride (CdTe) Solar Panels is a thin film solar panel technology and has the potential to take over traditional silicon solar panels. Cadmium is abundant but Tellurium is very rare.
- CdTe has one of the lowest cost to produce of any solar panel technology and is the only thin technology with lower cost to produce than silicon.
- It also has the fastest energy payback period which is less than one year. What that means is it takes less than one year for the cadmium telluride solar panel system to produce enough energy to offset the energy that was used to manufacture it in the first place.
- CdTe performs better at high temperatures than silicon. This translates to about five to nine percent more energy production per year than a comparable silicon panel.
- CdTe also outperforms silicon panels in low light and shaded conditions.
The Gold Drop Property
The Gold Drop Property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined. The earliest historic work on the property occurred during the 1890’s to early 1900’s, when most of the veins were discovered. Most of the underground development – mining occurred during the mid- 1920’s to 1941.
Most of the reported historic underground workings (reported 100’s of meters) are at the Gold Drop, North Star and Amandy veins. Small-scale intermittent mining was conducted at Gold Drop, North Star, Amandy and Roderick Dhu veins during the period of 1919 – 1941. This included:
- North Star: 6,178 tonnes mined with 3.8 g/t Au and 76.9 g/t Ag recovered.
- Amandy: 1,059 tonnes mined with 10.0 g/t Au and 185.2 g/t Ag recovered.
- Gold Drop: 294 tonnes mined with 16.5 g/t Au and 98.3 g/t Ag recovered.
- Roderick Dhu 25 tonnes mined with 19.9 g/t Au and 275 g/t Ag recovered
In 2017 the Company focused the Gold Drop Southwest Zone where several gold and silver bearing quartz veins are reported. One reported quartz vein in this region is referred to as the C.O.D. The northeast-southwest striking C.O.D. vein is reported to be traced by a series of shafts and pits for a distance of 1500 metres and reported to have a maximum width of 1.5 metres at surface.
One located shaft is the C.O.D shaft which is reported to be approximately 20 metres deep. A 1988 quartz vein grab sample from a trench in this region southwest of the C.O.D. shaft was reported to return 20.8 g/t Au and 115.6 g/t Ag (Tel 2 gold and silver occurrence).
Banded chalcedonic quartz has been reported in a historic trench southwest of the C.O.D shaft. This material is of possible epithermal origin.
New showings of the C.O.D. vein have been exposed by recent logging activity in the area and further exposed by excavator pitting and hand trenching.
The COD Vein – 2018 Drilling Highlights
2018 diamond drill hole highlights at the COD vein include the results shown in the associated table below.
Fourteen drill core samples from the high‐grade gold and silver intersections of drill holes COD18‐67 and COD18‐70 were reanalyzed for tellurium by four‐acid ICP‐AES. These new analytical results confirmed high grade tellurium within the high‐grade gold and silver intersections.
Current 2019 Drilling Program
On April 15, 2019 the Company announced the start of the 2019 diamond drilling program on the Gold Drop Property.
The drilling program is initially focussing on the C.O.D vein located in the Gold Drop Southwest Zone. The Company intersected near-surface, high- grade gold, silver and tellurium within the C.O.D vein during 2018 diamond drilling, including:
- COD18-67: 129 g/t gold, 1,154 g/t silver & 823 g/t tellurium over 7.28 meters core length.
- COD18-70: 107 g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90 meters core length.
Extending the COD Vein North & South
For 2019, the drilling is initially aimed at extending and in-filling the ore shoot of high-grade gold-silver-tellurium mineralization that was intersected in 2018. Following this, the Everest vein to the south, and the C.O.D. Vein Extension to the north will be drill-tested.
COD Vein Extension
The 2018 trenching program exposed several showings of the COD Vein Extesnion quartz vein(s). 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 Vein Extension mine shaft.
The Everest Vein was discovered in 2017. The initial grab sample of the Everest Vein returned 34.1 grams /tonne (g/t) or 1.0 Troy ounces / ton of gold and 233 g/t silver (New Release of July 24 2017). Samples from the first batch of samples returned significant results for gold and silver with values up to 81.8 g/t Gold and 630 g/t Silver.
Since discovery of the Everest Vein outcrop the GGX team has completed 40 meters of excavator trenching. Visible gold has been found at three locations along the vein exposure.