GGX Gold’s Next 52 Channel Samples Also All Gold Bearing Up to 43.2 g/t Gold and 224 g/t Silver The Gold Drop Property, Historic Gold Camp Greenwood BC ______________________________________________________________________________________
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GGX: TSX-V
GGXXF: OTC
GGX Gold’s Next 52 Channel Samples Also All Gold Bearing
Up to 43.2 g/t Gold and 224 g/t Silver
The Gold Drop Property,
Historic Gold Camp Greenwood BC
______________________________________________________________________________________
Vancouver, British Columbia – July 26, 2017 – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”)
GGX Gold is pleased to announce receipt of the second batch of channel sample analytical results from
the current trenching and sampling program of the C.O.D. vein in the Gold Drop Southwest Zone. Earlier
this year 160 meters of the C.O.D vein was exposed by means of excavator trenching which is still open
in both directions. The vein has been channel sampled at 1.5 meter intervals across an average sample
width of one meter.
Channel Sampling of C.O.D. Vein
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The second batch of samples totaled 52 samples (including gold standards) . The channel samples were
collected at 1.5 meter intervals along the vein. Samples were taken over an average width of 1 meter.
These samples were submitted to ALS Minerals and analyzed for gold by Fire Assay – AAS and for 33
elements by four acid and ICP -AES. The samples returned significant g old and silver values. The samples
returned anomalous to high grade values for gold ranging from 0.2 grams /tonne to 43.2 grams per tonne
(g/t) gold, with 34 channel samples exceeding 1 g/ t gold. The samples also returned values of 2.6 g/t to
224 g/t silver. The gold and silver analyses for this second batch of channel samples are listed in the
following Table 1.
Table 1: C.O.D. Vein Channel Samples (2017 - 2nd batch of samples)
SAMPLE Au Ag SAMPLE Au Ag
G/T G/T G/T G/T
S423777 0.73 8.5 S423803 1.02 9
S423778 0.74 7.8 S423804 2.33 25
S423779 43.2 224 S423805 4.99 54.7
S423780 1.58 13.1 S423806 0.66 2.6
S423781 0.62 4.5 S423807 0.2 13.2
S423782 0.82 5.6 S423808 0.81 7.3
S423783 5.79 41.8 S423809 2.84 32.6
S423784 2.03 14.9 S423811 1.21 19.9
S423785 9.47 98.4 S423813 0.56 7
S423786 4.61 49.5 S423814 6.03 76.1
S423788 1.94 10.6 S423815 5.01 49.1
S423789 2.17 17.8 S423816 23.2 218
S423790 7.92 58.6 S423817 5.59 40.5
S423791 10.45 88.9 S423818 2.98 23.3
S423792 1.59 13.1 S423819 27.5 126
S423793 1.19 14.2 S423820 3.29 35.3
S423794 1.74 19.7 S423821 12.4 137
S423795 1.09 6.5 S423822 1.34 13.4
S423796 0.84 6.4 S423823 0.54 6.4
S423797 0.45 2.7 S423824 0.34 5.8
S423798 2.52 14.9 S423825 1.66 11.7
S423799 0.53 6.8 S423826 1.36 11.3
S423800 0.76 7.9 S423827 0.28 2.5
S423801 4.7 45.2 S423828 1.09 12.9
S423802 4.95 76.4
An additional 35 channel samples have been recently submitted for analysis of which analyses are
pending thus bring the total number of c hannel samples submitted to 103 . The first batch of channel
samples (16 samples) collected by the company from the C.O.D. vein returned up to 6.12 g/t gold and
72.8 g/t silver (News Release of July 18, 2017).
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David Martin, P.Geo., a Qualified Person as defined by NI 43 -101, is responsible for the technical
information contained in this News Release.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Investor Relations:
Mr. Jack Singh: 604-720-6598 E-mail: [email protected]
“ We don’t have to do this, we get to do this ”
The GGX Team
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Forward Looking Information
This news release includes certain statements that constitute “forward-looking information ” within the
meaning of applicable securities law, including without limitation, the Company ’s information and
statements regarding or inferring the future business, operations, financial performance, prospects, and
other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include
statements regarding the completion of the proposed transactions. Forward -looking statements address
future events and conditions and are necessarily based upon a number of estimates and assumptions. These
statements relate to analyses and other information that are based on forecasts of future results, estimates
of amounts not yet determinable and assumptio ns of management. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or
future events or performance (often, but not always, using words or phrases such as “expects” or “does not
expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating
that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved), and variati ons of such words, and similar expressions are not statements of historical fact and
may be forward-looking statements. Forward-looking statement are necessarily based upon several factors
that, if untrue, could cause the actual results, performances or ac hievements of the Company to be
materially different from future results, performances or achievements express or implied by such
statements. Such statements and information are based on numerous assumptions regarding present and
future business strategies and the environment in which the Company will operate in the future, including
the price of gold and other metals, anticipated costs and the ability to achieve goals, and the Company will
be able to obtain required licenses and permits. While such estimat es and assumptions are considered
reasonable by the management of the Company, they are inherently subject to significant business,
economic, competitive and regulatory uncertainties and risks including that resource exploration and
development is a specul ative business; that environmental laws and regulations may become more
onerous; that the Company may not be able to raise additional funds when necessary; fluctuating prices of
metals; the possibility that future exploration, development or mining results will not be consistent with
the Company’s expectations; operating hazards and risks; and competition. There can be no assurance that
economic resources will be discovered or developed at the Gold Drop Property. Accordingly, actual results
may differ materially from those currently anticipated in such statements. Factors that could cause actual
results to differ materially from those in forward looking statements include continued availability of
capital and financing and general economic, market or busines s conditions, the loss of key directors,
employees, advisors or consultants, equipment failures, litigation, competition, fees charged by service
providers and failure of counterparties to perform their contractual obligations. Investors are cautioned that
forward-looking statements are not guarantees of future performance or events and, accordingly are
cautioned not to put undue reliance on forward -looking statements due to the inherent uncertainty of such
statements. The forward -looking statements include d in this news release are made as of the date hereof
and the Company disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as expressly required by
applicable securities legislation.
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