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USA
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GGX Gold Corp (2)
Symbol GGX
Shares Issued 27,451,767
Close 2020-08-06 C$ 0.27
Market Cap C$ 7,411,977
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GGX Gold finds two new veins at Gold Drop

2020-08-06 13:31 ET - News Release

Mr. Barry Brown reports

GGX GOLD EXPLORATION TRENCHING DISCOVERS NEW VEINS WITH VISIBLE GOLD

GGX Gold Corp. has provided an update on its continuing exploration work at the Gold Drop property in the Greenwood mining camp.

Trenching started at the COD vein at its southern end. Where the vein was exposed, it contains pyrite mineralization, typical of areas in this vein that assay high in gold. Follow-up drilling will be done based on the results.

Next, two new veins were discovered by trenching quartz boulders located west of the COD vein. The first discovery vein ranges up to 0.5 metre thick and locally contains possible visible gold associated with pyrite, chalcopyrite and a grey sulphide mineral that is likely a telluride mineral. In the main COD vein, elevated silver, gold and tellurium values are associated with a soft silver-grey mineral. This mineral is speculated to be sylvanite, a silver-tellurium-gold mineral that is believed to be the source of gold and tellurium in the higher-grade sections of the main COD vein (see news release dated March 7, 2019).

The second discovery vein was exposed for a 50-metre strike length and contains pyrite mineralization.

The excavator is going next to the Rhoderick Dhu area, where additional historic quartz showings will be trenched and sampled.

Later, follow-up drilling will be conducted on the most promising veins exposed by the trenching program.

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

We seek Safe Harbor.

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