GGX Gold First Batch of Drilling Results Vein Intersects 24G/t Gold and 192 G/t Silver ______________________________________________________________________________________
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GGX: TSX-V
GGXXF: OTC
GGX Gold First Batch of Drilling Results
Vein Intersects 24G/t Gold and 192 G/t Silver
______________________________________________________________________________________
Vancouver, British Columbia – August 25, 2017 – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), (the
“Company” or “GGX”) is pleased to announce the first batch of analytical results from the Phase I
diamond drilling program at the Company's Gold Drop Project near Greewood, BC. The Company is
currently exploring and defining the COD Vein, a Dentonia/Jewel style quartz vein, in the Gold Drop
Southwest zone. Trenching during 2017 has exposed the northeast – southwest striking COD vein for
over 160m strike length. To date analytical results for 68 trench channel samples have been received,
with samples returning anomalous to high grade values for gold, up to 43.2 g/t Gold and 224 g/t Silver
(News release of July 26, 2017).
The Phase I drilling program aimed to delineate the COD vein in the G old Drop Southwest zone from 5
pad locations along the North-south trench. The drilling tested the vein along 80 meters of strike length.
The drilling commenced south of the C.O.D. mine shaft and progressed systematically to the north. The
Phase I drilli ng totaled 15 holes (691 meters). The objective of the drilling was to determine depth and
the dip of the vein exposed at surface and confirm gold and silver mineralization below the channel
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samples. Drilling to date has confirmed the vein to a vertical de pth of 120 feet (36.6 meters), being open
at depth.
Drill core is being geologically logged and sampled at the Greenwood facility. The core samples are sawn
in half and stored in a secure location. Core samples are being delivered to the ALS Minerals laboratory in
Vancouver to be analyzed for gold by Fire Assay - AA and for 33 other elements by Four Acid and ICP-AES.
Quality control (QC) samples are inserted at regular intervals.
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The analytical results listed below are from the first nine drill holes in the C.O.D area. Since true widths
cannot be accurately determined from the information available the core lengths (meters) are reported.
The gold and silver grade is reported in gra ms per ton. The intervals below are from the vein and
mineralization envelope intervals. Other low grade mineralization intervals are found in the host rock.
HOLE ID From To Core interval Length Au gpt Ag gpt
COD17-2 8.96 9.36 0.4 1.86 11
COD17-2 11.5 12.14 0.64 5.08 40.4
COD17-3 15.93 16.15 0.22 8.76 68.9
COD17-3 16.15 16.63 0.48 24.1 192
COD17-4 10.54 11.82 1.28 1.64 11.4
COD17-4 11.82 12.97 1.15 0.75 5.5
COD17-4 22.53 23.19 0.66 3.22 31.2
COD17-4 25.04 25.48 0.44 3.16 33.7
COD17-5 27.37 29.26 1.89 4.11 53
COD17-7 5.55 6.05 0.5 0.82 5.1
COD17-7 6.05 6.57 0.52 1.21 9.6
COD17-8 11.67 12.37 0.7 1.69 14.8
COD17-9 14.5 15.23 0.73 7.37 55
COD17-9 15.98 16.33 0.35 14.85 164
COD17-9 16.33 16.96 0.63 0.26 3.1
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
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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 th e 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 for ecasts 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 upon se veral 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 information a re 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 estimates and assumptions are considered
reasonable by the management of the Company, they are inherently subject to significant business,
economic, competitive and regulatory uncert ainties 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 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 contin ued 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 th e 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 re sult 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