GGX Gold Corp Drilling Results – The Perky Vein 12G/T Gold, 120 G/T Silver and 99 G/T Tellurium Over .3 Meters
GGX Gold Corp Drilling Results – The Perky Vein
12G/T Gold, 120 G/T Silver and 99 G/T Tellurium Over .3 Meters
Vancouver, British Columbia – March 16, 2022 – GGX Gold Corp. (TSX -V: GGX), (OTCQB: GGXXF), (FRA: 3SR2)
(the “Company” or “GGX”) is pleased to provide results from its 2021 exploration program at the Company’s
100% owned Gold Drop property in the Greenwood Mining Camp in British Columbia, Canada.
In 2021, a total of 25 drill holes were completed totaling 1,616.8 metres before the program was suspended
due to risk of wildfire . The first 12 drillholes (444.9 metres) were complete d on the Perky vein to test its
northern extension. The Lively vein was then tested with 12 holes (1,061.2 metres). One additional hole tested
for a northern extension of the COD vein (110.7 metres) . Final assay results from were received in late
February and significant results are listed below.
Hole From
(m)
To
(m)
Core
Length (m)
Gold
g/t
Silver
g/t
Tellurium
(ppm)
PKY21-03 14.30 14.80 0.50 3.17 14.3 9.2
PKY21-06 35.5 36.00 0.50 1.56 7.9 5.3
PKY21-07 5.37 5.82 0.45 5.10 42.7 29.2
PKY21-07 17.47 17.89 0.42 2.41 14.0 9.0
PKY21-08 23.46 23.76 0.30 4.31 27.6 16.7
PKY21-10 5.26 5.56 0.30 12.60 120.0 99.3
PKY21-11 21.39 21.89 0.50 1.83 13.1 8.4
LVY21-04 20.94 21.65 0.71 1.01 7.4 18.4
LVY21-06 30.45 30.65 0.20 2.16 10.1 31.3
LVY21-06 169.73 170.20 0.47 1.03 5.7 5.8
LVY21-07 16.97 17.20 0.23 2.58 10.9 23.4
LVY21-07 63.67 64.24 0.57 2.03 11.0 12.7
LVY21-08 4.93 5.65 0.72 3.00 32.4 43.2
LVY21-08 80.14 81.25 1.11 1.32 63.3 15.7
LVY21-11 63.94 64.55 0.61 0.99 4.4 6.6
Table 1. Significant results from 2021 drill core (gold assays greater than or equal to 1.0 g/t Au).
The Perky vein produced the most significant result at 12.6 grams per tonne gold over a length of 0.3 met res in
hole PKY21-10. This and the other PKY intercepts reported above confirm that mineralized extensions to this
vein may still be found.
The 2021 drilling at the Lively vein tested two veins: 1) the Lively vein that was trenched in 2020 and 2) a new
vein that was discovered at shallow depths in the drill holes. The drill results listed above show that both veins
contain gold mineralization (multiple intercepts in holes LVY06, 07 and 08).
March 16, 2022 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
Plans are now being formulated for the 2022 field season . Areas of interest for drilling include the Highland
Valley vein, Ken vein, North Star and Gold Drop mine areas and possible drilling to intersect the deep extension
of the Dentonia vein.
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 m ethod (ALS Code
Au-SCR24) with gold determination by
fire assay. For other samples, gold was
determined 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.
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.
Preparing for down hole survey at the
Perky Vein
On Behalf of the Board of Directors
Barry Brown, CEO
604-488-3900
Investor Relations: [email protected]
GGX Gold News Release
Drilling at the Lively Vein
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 unc ertainties. 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 impr ove; 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