GGX GOLD COMMENCES Diamond Drilling to test Newly Discovery Perky Vein Surface Sample Assays up to 54.0 g/t Gold and 303 g/t Silver
GGX GOLD COMMENCES
Diamond Drilling to test Newly Discovery Perky Vein
Surface Sample Assays up to 54.0 g/t Gold and 303 g/t Silver
Vancouver, British Columbia – November 24, 2020 – GGX Gold Corp. (TSX -v: GGX), (OTCQB: GGXXF),
(FRA: 3SR2) (the “Company” or “GGX”) is pleased to provide an exploration update on its program at the Gold
Drop property in the Greenwood Mining Camp of south-central British Columbia.
Diamond drilling is now commencing on the Perky vein, a new discovery vein, where promising assay results
were obtained from surface trench ing this year . Grab and channel sample results ranged up to 54.0 grams per
tonne gold, 303 grams per tonne silver and 397 grams per tonne tellurium. Channel samples assays averaged
22.7 grams per tonne gold, 107.6 grams per tonne silver and 67.0 grams per tonnes tellurium over a sampled
length of 10.3 metres (refer to news release dated November 11).
Photo of Perky vein (red outline) exposed in surface trench.
November 24, 2020 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
The Perky vein is a parallel structure to the C.O.D. vein, where most of the drilling has been completed on the
property to date. It is lo cated 200 metres west of C.O.D., is vertically dipping, strikes northwest and is exposed
over a strike length of 13.8 metres with an average width of 0.44 metres.
The drilling will initially test the vein at shallow depths beneath the surface trench and then follow the structure to
increasing depths and along strike.
Photo mosaic of Perky trench showing vein outline (red) and sample results.
GGX Gold News Release
Map of Gold Drop Property showing areas of interest.
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. Gold was determined by
the fire assay method using a 50 -gram sample weight and AA finish, with over -limits checked using a 50 -gram
sample weight and gravimetric finish. Other metals were analyzed as part of a 48 -element package using a four-
acid digestion and determination by ICP-MS.
David Martin , P.Geo., a Qualified P erson 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
604-488-3900
GGX Gold News Release
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 GGX
GOLD 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 regula tions 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 suit able
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 V enture 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