GGX Gold Completes Phase II Drilling Program and receives additional Drill Core Sample Results, including 10.8 g/t Gold over 0.3 Meters, Gold Drop Property, Greenwood BC ______________________________________________________________________________________
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GGX: TSX-V
GGXXF: OTC
GGX Gold Completes Phase II Drilling Program and receives additional Drill Core Sample
Results, including 10.8 g/t Gold over 0.3 Meters,
Gold Drop Property, Greenwood BC
______________________________________________________________________________________
Vancouver, British Columbia – October 04, 2017 – GGX Gold Corp. (TSXV: GGX) (the “Company” or
“GGX”) is pleased to announce the completion of Phase II diamond drilling on the Gold Drop Property
near Greenwood, BC and receipt of additional drill core sample analytical results from drill holes COD17 -
15 to COD17 -20. The Company recently ceased diamond drilling on the property and is waiting for
additional Phase II core sample analyses which are expected any time.
The second phase of the diamond drill program aimed at exploring and defining the COD Vein, a
Dentonia/Jewel style quartz vein, located in the Gold Drop Southwest Zone. Trenching during 2017 has
exposed the northeast – southwest striking COD Vein for over 160 meter strike length.
The Company had previously received analytical results for 68 trench channel samples collected at the
COD Vein. These samples returned anomalous to high grade values for gold, includi ng high values of 43.2
grams / tonne (g/t) /t Gold and 224 g/t Silver (News Release of July 26, 2017). The first batch of 2017 drill
core samples for the COD Vein returned up to 24.1 g/t Gold and 192 g/t Silver (News Release of Aug 28,
2017). The second ba tch of drill core samples also returned significant gold and silver values including a
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broad intersection in hole COD17 -14 grading 4.59 g/t Gold and 38.64 g/t Silver over 16.03 meters core
length with a high grade core grading 10.96 g/t Gold and 89.86 g/t Silver over 5.97 meters core length
(News Release of Sept 7, 2017).
The Phase II drilling program aimed to delineate the COD Vein in the Gold Drop Southwest Zone from 2
pad locations in the northern extent of the trench, 100 and 160 m north of the COD min e shaft. The
Phase II drilling totaled 12 holes (687 meters).
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Drill core was geologically logged and sampled at the Greenwood facility. Drill core was sawn in half with
half core samples submitted for analysis and remaining half core stored in a secure location. Core
samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay
– AA. The samples from holes 15 to 20 were also analyzed for 48 Elements by Four Acid and ICP -AES /
ICP-MS. Quality control (QC) samples are inserted at regular intervals.
The analytical results listed below are from holes COD17 -16 to COD17-20, testing the COD Vein. Since
true widths cannot be accurately determined from the information available the core lengths (meters)
are reported. The Gold and Silver analyses are reported in g/t. The intervals listed in the table below are
from the gold and silver bearing vein and / or adjacent low grade mineralized host rock. The Phase II drill
core sampling also revealed other intervals with low grade gold in veining and / or host rock.
HOLE ID From (m) To (m) Interval
length (m)
Au g/t Ag g/t
COD17-16 35.56 35.86 0.3 10.8 123
COD17-16 52.21 52.33 0.12 11.45 99.3
COD17-19 20.37 21.34 0.97 1.42 9.88
COD17-19 49.03 49.41 0.38 2.28 16.4
“ We are very pleased with the results of the drilling, especially given the presence of significant gold and
silver values along the COD Vein including a broad intersection in hole COD 17 -14 grading 4.59 g/t gold
and 38.64 g/t silver over a 16.03 metre core length ” said Barry Brown Chief Executive Officer of GGX
Gold. “We look forward to receiving the results of the remaining assays and planning future work on the
property.”
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Quartz veins in COD17-14
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 Crew
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
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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