GGX GOLD CORP. (TSX-V: GGX) is a gold exploration company primarily focused in southern BC: The Gold Drop mine in Greenwood has permits in place for drilling and trenching. GGX’s current strategy is to prove up existing reserves and begin small scale production on the Gold Drop mine.
The Gold Drop Project is located 40 km from Grand Forks, British Columbia in geologically prospective ground and the well-mineralized Greenwood District. The property has a phase 1 exploration permit which enables the company to establish up to 20 drill sites (up to 3000m) and up to 25 excavator trenches on the property and is valid until Dec. 1, 2018. With a history of visible gold, The Gold Drop Property has a has seen high grade gold production as recent as the 1980s. The areas excellent infrastructure and access to the property will allow GGX to commence drilling in the summer of 2017.
In July 2015, Kinross expanded its position in the Greenwood mining district totaling 27,346 hectares surrounding GGX Gold’s Gold Drop property.
Private Syndicate: GGX Gold owns nine percent of a private syndicate focused on project generation within the Golden Triangle. The private syndicate includes some of the original team members that generated, prospected and staked the Coffee Creek claims in 1998.