GGX Gold Extends Drilling Targets 600 Meters Gold Drop Property Greenwood British Columbia ______________________________________________________________________________________
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GGX: TSX-V
GGXXF: OTC
GGX Gold Extends Drilling Targets 600 Meters
Gold Drop Property
Greenwood British Columbia
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Vancouver, BC – January 10, 2018 – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased
to announce the receipt of soil sample analytical results from the 2017 fall program on the Gold Drop
Property, located in southern British Columbia . The soil sampling geochemical program was conducted in
the Gold Drop Southwest Zone between the COD gold showing and the COD North gold showing and
north of the gold bearing Everest vein. The program identified gold soil anomalies including high values of
0.061, 0.073 and 0.088 ppm gold.
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A total of 334 soil samples were collected during the program and submitted to ALS Minerals in North
Vancouver for gold and multi -element analysis. The samples were screened to 180 micron. Gold analysis
was by aqua regia extraction with ICP -MS finish. Multi-element analysis was by aqua regia extraction and
ICP-MS and ICP -AES. Soil samples were collected along 31 soil lines. These lines were spaced 25m apart
with a 25m sample interval. The soil lines were of varying lengths but on average 250m long.
The so il sampling program identified several soil gold anomalies in the Southwest Zone , including
numerous samples exceeding 0.01 ppm Au (including high values of 0.061, 0.073 and 0.088 ppm Au) . The
most distinct anomaly or anomalies is in the COD North area , where anomalous values are concentrated
between two historical workings. The soil sampling program extended the target area for at least 600
meters northeast of the area of 2017 drilling and trenching. The Company is planning follow up work in
this area in 2 018 including a trenching program. The program also identified other gold anomalies near
the new COD adit and northeast of the COD trenches.
The soil sampling program in the Gold Drop Southwest Zone helped identify a new vein exposure in a
small, 2 meter deep historic adit 175 meters north of the C.O.D. trench. The adit is driven on a North -
south striking quartz vein that is on strike with the C.O.D. Vein, and appears to be of the same style as the
Detonia/Jewel quartz vein. Another vein exposure north of the trench was also located by hand pitting on
local quartz float. Bedrock quartz samples from the small hand pit material returned values of 4.97 g/t Au
and 30.7 g/t Ag. Samples of boulder material found outside of the small adit returned values of 1.28 g/t
Au and 6.97 g/t Ag. (News Release of Nov 8, 2017).
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David Martin, P.Geo., a Qualified Person as defined by NI 43 -101 and consultant for GGX , 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
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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 regardi ng 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 o n forecasts of future results, estimates
of amounts not yet determinable and assumptions 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 variations of such words, and similar expressions are not statements of historical fact and
may be forward-looking statements. Forward-looking statement are necessarily based up on several factors
that, if untrue, could cause the actual results, performances or achievements of the Company to be
materially different from future results, performances or achievements express or implied by such
statements. Such statements and informat ion 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, an d the Company will
be able to obtain required licenses and permits. While such estimates and assumptions are considered
reasonable by the management of the Company, they are inherently subject to significant business,
economic, competitive and regulatory u ncertainties and risks including that resource exploration and
development is a speculative business; that environmental laws and regulations may become more
onerous; that the Company may not be able to raise additional funds when necessary; fluctuating pr ices 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 c ontinued availability of
capital and financing and general economic, market or business 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 included 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