19:16:04 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



GGX Gold Corp (2)
Symbol GGX
Shares Issued 23,451,767
Close 2020-07-15 C$ 0.21
Market Cap C$ 4,924,871
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GGX Gold begins trenching at Gold Drop

2020-07-15 14:22 ET - News Release

Mr. Barry Brown reports

GGX GOLD INITIATES TRENCHING AT C.O.D. -- PREVIOUSLY DRILLED OVER 7 METERS OF 4 OZ GOLD

GGX Gold Corp. has provided an update on the 2020 exploration program at the Gold Drop property in the Greenwood mining camp.

This field season began with the development and implementation of protocols and measures to prevent and control the risk of transmission of COVID-19. Personnel received training, and individual daily temperature self-monitoring was implemented.

Initial fieldwork has focused on preparation for trenching and drilling, with targets being marked out at the COD vein, Rhoderick Dhu and Gold Drop mine areas. These areas will be trenched first and then drilled. Also, all the previous drill holes and trenches from 2017 and 2018 at COD were surveyed with a Trimble Geo7X instrument for submetre accuracy, and prospecting and rock sampling have started. Trenches were marked at two parallel veins located west of COD, one of which returned a grab sample last year that assayed 55.8 grams per tonne gold and greater than 100 grams per tonne silver.

Most recently, an excavator was mobilized to site to start the trenching program. The first trench will be on the COD vein at its southern end, where some of the world's best intercepts of the year were obtained (as announced in a news release dated March 18, 2019):

  • COD18-67 -- 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28 metres of core length;
  • COD18-70 -- 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.9 metres of core length.

Analytical results reported above were provided by ALS Laboratories in North Vancouver, B.C., an independent and accredited commercial laboratory. Analyses for gold were done by fire assay with AA finish on 50-gram subsamples, or by metallic sieve analyses. Analyses for silver were done by four-acid digestion with ICP-MS finish. Quality control was monitored using analytical results for reference standards and blank samples inserted into the sample stream at a frequency of 5 per cent each.

David Martin, PGeo, a qualified person as defined by National Instrument 43-101, a consultant to the company, has approved the technical information in this release.

We seek Safe Harbor.

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