Vancouver, British Columbia – June 8, 2021 – GGX Gold Corp. (TSX-V: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is happy to announce diamond drilling program at the Company’s 100% owned Gold Drop property (the “Property”) has commenced. A total of 2,500 meters of drilling is anticipated for the 2021 field season.
The 2021 diamond drilling program will target several mineralized areas throughout the Property. The primary focus is to further delineate the Perky vein where 5-6 drillholes are planned. The Perky vein was extensively drilled and trenched in 2020 (see April 7, 2021 New Release for drill results, and November 11, 2020 New Release for trenching results). In addition, 4-5 drillholes are planned for the Lively vein which was successfully trenched at surface in 2020, 2-3 drillholes targeting the C.O.D North northern extension vein, and several drillholes targeting the Ken and Highland Valley veins. As the field season progresses, the technical staff may modify the diamond drilling program as needed.
Drill Crew Hard at it – June 2021
Barry Brown, chief executive officer of GGX Gold, stated:
“We are excited about the upcoming drilling program and the continued delineation of the Perky vein which yielded high grade intercepts in 2020. With the addition of the nearby C.O.D vein, the Property exhibits excellent high-grade gold and tellurium potential.”
Sebastien Ah Fat, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, approved the technical information in this release.
On Behalf of the Board of Directors
Barry Brown, CEO
Photo of diamond drilling at the Perky Vein in 2020
Forward Looking Statement
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.
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.