NEXT 52 CHANNEL SAMPLES ALSO ALL GOLD BEARING UP TO 43.2 G/T GOLD AND 224 G/T SILVER AT GOLD DROP

GGX: TSX-V 

GGXXF: OTC 

GGX Gold’s Next 52 Channel Samples Also All Gold Bearing Up to 43.2 g/t Gold and 224 g/t Silver The Gold Drop Property, Historic Gold Camp Greenwood BC _______________________________________________________________________________

 

Vancouver, British Columbia – July 26, 2017 – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) GGX Gold is pleased to announce receipt of the second batch of channel sample analytical results from the current trenching and sampling program of the C.O.D. vein in the Gold Drop Southwest Zone. Earlier this year 160 meters of the C.O.D vein was exposed by means of excavator trenching which is still open in both directions. The vein has been channel sampled at 1.5 meter intervals across an average sample width of one meter.

Channel Sampling of C.O.D. Vein

The second batch of samples totaled 52 samples (including gold standards). The channel samples were collected at 1.5 meter intervals along the vein. Samples were taken over an average width of 1 meter. These samples were submitted to ALS Minerals and analyzed for gold by Fire Assay – AAS and for 33 elements by four acid and ICP-AES. The samples returned significant gold and silver values. The samples returned anomalous to high grade values for gold ranging from 0.2 grams /tonne to 43.2 grams per tonne (g/t) gold, with 34 channel samples exceeding 1 g/t gold. The samples also returned values of 2.6 g/t to 224 g/t silver.  The gold and silver analyses for this second batch of channel samples are listed in the following Table 1.

 

Table 1: C.O.D. Vein Channel Samples (2017 – 2nd batch of samples)

An additional 35 channel samples have been recently submitted for analysis of which analyses are pending thus bring the total number of channel samples submitted to 103.  The first batch of channel samples (16 samples) collected by the company from the C.O.D. vein returned up to 6.12 g/t gold and 72.8 g/t silver (News Release of July 18, 2017).

David Martin, P.Geo., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this News Release.

On Behalf of the Board of Directors,

Barry Brown, Director

604-488-3900

Investor Relations: 

Mr.  Jack Singh: 604-720-6598     E-mail: ir@ggxgold.com

“ We don’t have to do this, we get to do this ” 

The GGX Team

 

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

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