Announces April Diamond Drilling Program Historic Gold Mining Camp Greenwood BC
GGX Gold Corp
Announces April Diamond Drilling Program
Historic Gold Mining Camp
Greenwood BC
Vancouver, British Columbia – March 2 5 -2022 – GGX Gold Corp. (TSX -V: GGX), (OTCQB:
GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce plans for the 2022
exploration program at the Company’s 100% owned Gold Drop property in the Greenwood Mining
Camp in British Columbia, Canada.
Map of Gold Drop property showing veins and locations of Gold Drop and North Star mines.
March 25 2022 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
A surface drill program consisting of up to 2000 meters is being scheduled to commence in April on the Gold
Drop property. Drilling is now being planned at the North Star and Gold Drop mine areas, Highland Valley vein
and Ken vein.
Map of Gold Drop Property showing exploration areas.
For 2022, GGX is planning to drill an estimated 1500 meters in the Gold Drop and North Star mines areas to
intersect the Gold Drop vein near the workings and follow the structure to depth. Drilling is also planned from
this area to intersect the Dentonia vein where it is projected to extend onto the Gold Drop property at depth.
Drilling is also planned for the Highland Valley vein to determine follow its projected extent.
The historic Gold Drop and North Star mines are located east of Jewel Lake on the Gold Drop property . Total
production from the mines is recorded as 840 ounces of gold and 2,426 ounces of silver from 6,513 tonnes.
The historic underground mines were developed on the Gold Drop vein, which has been traced on surface and
in underground workings for a strike length of over 400 m and over an elevation range of about 80 m. It is is a
highly irregular vein that pinches and swells from narrow quartz stringers to greater than 3.5 m wide ,
mineralized with pyrite with lesser galena, chalcopyrite, sphalerite, tellurides and minor free gold. The only
diamond drilling recorded for this vein was 6 hole s totalling 483 meters drilled 1981 with no significant results.
Chip sampling conducted on the North Star vein in 2013 returned results that ranged between 0.08 a nd 81.0
g/t gold and between 0.4 and 427.0 g/t silver, with averages for 7 chip traverses of 8.78 g/t gold and 47.0 g/t
silver over a width of 0.36 meters.
GGX Gold News Release
The Gold Drop vein lies about 500 m east of, and parallel to, the Dentonia vein , which occurs on the adjacent
property to the west that is not owned by GGX Gold Corp. The Dentonia vein was developed by 4 shafts with
interconnected workings on 5 levels to a depth of 120 m . Total production is recorded as 43,354 ounces of
gold and 258,973 ounces of silver from 124,644 tonnes. The vein is traced on surface for 1.8 km and to a depth
of about 200m . The Dentonia vein is projected to extend onto the Gold Drop property at depth and will be
tested by deep drilling from the surface in the North Star mine area.
The Ken vein is located a pproximately 860 meters east of the Gold Drop vein and is exposed in two short adits
on a narrow quartz vein. Exploration trenching in 2014 exposed a discontinuous 0.30 metre wide quartz vein
striking northeast and dipping southeast that contains pyrite, chalcopyrite, malachite and galena . From this
trench, two grab samples were collected that returned results of 0.51 and 0.81 grams p er tonne gold. In 2017,
a grab sample was collected at the entrance to one of the historic adits , consisting of a piece of quartz
containing visible gold , which assayed 297 grams per tonne gold. In 2020, a chip sample collected across the
vein exposed at the adit assayed 0.12 g/t gold. Mapping was conducted in 2021 to accurately locate the old
adits which indicates the vein strikes northeast (30 degrees) and dips 60 degrees southeast. This orientation is
parallel to the Gold Drop and the Dentonia veins.
The Highland Valley vein is located on southern part the Gold Drop property approximately 1.8 km from the
North Star mine. Historic sampling from 1985 is reported as 13.4 grams per tonne gold over 1.2 metres. Two
grab samples collected in 2020 returned 4.76 and 2.57 grams per tonne gold from an are a of an historic adit
and a pit that exposed two quartz veins 0.1 and 0.2 meter wide.
Analyses disclosed in this release were conducted by ALS
Global – Geochemistry Analytical Lab in North Vancouver,
BC, Canada. ALS is an independent, fully accredited
commercial laboratory. All mineralized vein samples were
analyzed by the metallics sieve method (ALS Code Au -
SCR24) with gold determination by fire assay. For other
samples, gold was determine d by the fire assay method
using a 50 -gram sample weight and AA finish. Other
metals were analyzed as part of a 48 -element package
using a four-acid digestion and determination by ICP-MS.
Readers are cautioned that historical records referred to
in this News Release have been examined but not verified
by a Qualified Person. Further work is required to verify
that historical records referred to in this News Release are
accurate.
Visible gold in new discovery vein at COD West.
Raymond Kitchen, P.Geo., a Qualified Person as defined by National Instrument 43 -101 and consultant to the
Company, approved the technical information in this release.
GGX Gold News Release
Preparing for down hole survey at the Perky Vein in 2021
On Behalf of the Board of Directors
Quinn Field – Dyte , President
604-488-3900
Investor Relations: [email protected]
GGX Gold News Release
Drilling at the Lively Vein in 2021
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 ris ks 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; th e 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 s hould 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 dev elop 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