GGX Gold Drill Assays Historic Gold Camp Greenwood BC
GGX Gold Drill Assays
Historic Gold Camp
Greenwood BC
Vancouver, British Columbia – October 10, 2019 – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA:
3SR2) (the “Company” or “GGX”) is pleased to announce assay results from the first ten holes drilled this season
at its Gold Drop property in the Greenwood Mining Camp.
Significant assay results were obtained in five of the ten holes, as provided in the table below.
Hole From To Length
(m)
Gold
(g/t)
Silver
(g/t)
Tellurium
(ppm)
Description
COD19-01 28.36 28.74 0.38 145.00 1430.0 >500 Quartz vein, pyrite, telluride
COD19-01 28.74 29.18 0.44 3.98 37.6 50.8 Quartz vein, pyrite, telluride
COD19-01 32.21 32.61 0.40 5.08 31.2 22.5 Granodiorite, pyrite
COD19-06 66.00 66.61 0.61 2.43 38.7 23.6 Quartz veinlet
COD19-07 61.83 62.33 0.50 2.21 7.2 10.35 Clay altered granodiorite
COD19-07 62.33 62.78 0.45 2.11 9.6 6.7 Quartz vein, pyrite
COD19-08 84.38 85.00 0.62 2.85 23.5 13.2 Silica-pyrite breccia
COD19-10 13.90 14.20 0.30 7.43 38.7 87.1 Quartz vein, pyrite
COD19-10 15.00 15.54 0.54 10.60 51.1 56.7 Quartz vein, pyrite
Abbreviations: m=meters, g/t = grams per tonne, ppm = parts per million (equivalent to grams per tonne)
Note 1: The lengths reported in the table above are core interval lengths and not true widths ; there is insufficient
information to estimate true thickness.
Weighted average grades for the intercepts in holes 1 and 10 are as follows:
Hole From To Length
(m)
Gold (g/t) Silver
(g/t)
Tellurium
(ppm)
Description
COD19-01 28.36 29.18 0.82 69.33 682.9 259* Quartz vein, pyrite, telluride
COD19-07 61.83 62.78 0.95 2.16 8.3 8.6
COD19-10 13.90 15.54 1.64 5.11 24.9 36 Quartz vein, pyrite
*Provisional value: one Telluruim analysis in hole 1 exceeded the upper detection limit and will be re-analyzed at
a later date.
October 10, 2019 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
Overall, the results confirm the presence of potentially economic mineralization in the COD vein at the Gold Drop
property. The drilling was done above, below and alon g strike of the best intercepts from 2018, and t he results
add to the list of mineralized intercepts obtained last year (refer to news release dated February 27, 2019).
Analytical results reported above were provided by ALS Laboratories in North Vancouver, BC., which is an
independent and accredited commercial laboratory. Analyses for gold were done by fire assay with AA finish on
50 gram sub-samples, or by metallics sieve analyses. Analyses for silver and tellurium were by four acid digestion
with ICP-MS finish. Silver results greater than 100 ppm were reanalyzed using a four -acid digestion and ICP-
AES or AAS finish on a 0.4g sub-sample. Quality control was monitored using analytical results for reference
standards and blank samples inserted into the sample stream at a frequency of 5% each.
David Martin , P.Geo., a Qualified Person 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
Investor Relations:
Mr. Jack Singh,
604-488-3900,
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 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.
GGX Gold News Release
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