GGX Gold Intersects 8.71 g/t Gold, 114 g/t Silver and 67.8 g/t Tellurium Over 0.86 meters, Gold Drop Property, Southern British Columbia ______________________________________________________________________________________
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TSX.v : GGX
OTCQB: GGXXF
FRA: 3SR2
GGX Gold Intersects 8.71 g/t Gold, 114 g/t Silver and 67.8 g/t Tellurium
Over 0.86 meters,
Gold Drop Property, Southern British Columbia
______________________________________________________________________________________
Vancouver, British Columbia – June 27, 2018 – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”)
is pleased to announce drill core analytical results from this winter’ s Phase III diamond drilling program
on the Gold Drop Property , located near Greenwood, BC. Analytical results have been received for drill
holes DDCOD18-7 to DDCOD18-16, targeting the COD vein and DDEVE18 -1 to DDEVE18 -4 targeting the
Everest vein, both wi thin the Gold Drop Southwest Zone. Highlights include 8.71 g/t gold, 114 g/t silver
and 67.8 g/t tellurium over 0.86 meter core length in DDCOD18 -11 and 7.53 g/t gold, 70.9 g/t silver and
45.1 g/t tellurium over 0.76 meter core length in DDCOD18 -7 at the C OD Vein. The best COD Vein
intercept to date from the 2018 drill program is 14.6 g/t gold, 150 g/t silver and 102 g/t tellurium over 2.1
meter core length in DDCOD-18-3 (News Release of May 29, 2018).
The ongoing diamond drill program is designed to test and further define 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. Drilling is also testing the
Everest Vein in the area of a 2017 trench, located approximately 600 meters southwest of the COD Vein.
Chip samples collected in 2017 across the approximate 0.4 meter wide vein exposure returned up to 52.8
g/t gold and 377 g/t silver while a grab sample of a quartz vein boulder broken off the outcrop by the
excavator returned 81.8 g/t gold and 630 g/t silver (News Release of August 21, 2017). During 2017 forty
meters of trenching was completed on the newly discovered Everest gold bearing quartz vein.
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The analytical results reported in this News Release are highlights from holes 7 through 16 of the 2018
drilling program on the COD Vein, and holes 1 through 4 on the Everest Vein. Since true widths cannot be
accurately determined from the information avai lable the core lengths (meters) are reported. The gold
and silver analyses are reported in grams per tonne (g/t). The intervals listed in the following table are
from the gold and silver bearing vein and / or adjacent low grade mineralized host rock.
Hole ID From (m) To (m) Interval Length (m) Au (g/t) Ag (g/t) Te (g/t)
COD18-7 24.97 26.21 1.24 1.14 11.2 8.37
COD18-7 26.21 26.97 0.76 7.53 70.9 45.1
COD18-8 26.71 27.35 0.64 1.78 15.1 11
COD18-8 27.35 28.25 0.9 0.23 2.47 2.32
COD18-8 28.25 29.06 0.81 1.3 7.02 4.87
COD18-9 31.42 32.41 0.99 2.48 19.15 14.15
COD18-11 42.7 43.56 0.86 8.71 114 67.8
COD18-12 65.84 66.42 0.58 1.23 7.89 5.93
COD18-14 17.9 18.71 0.81 0.86 7.12 5.19
COD18-14 18.71 19.4 0.69 5.54 47.1 34.1
COD18-15 12.85 13.87 1.02 1.18 12.05 8.08
COD18-15 25.85 26.75 0.9 5.89 77.6 60.3
COD18-16 32.2 32.61 0.41 3.13 18.9 14.35
COD18-16 32.61 33.1 0.49 1.89 19.55 18.45
COD18-16 36.43 37.2 0.77 0.92 5.34 5.34
EVE18-2 20.9 21.4 0.5 2.04 18.85 14.05
EVE18-2 21.4 22.2 0.8 0.84 7.31 5.66
EVE18-2 22.2 23 0.8 1.3 11.25 8.64
EVE18-3 43.82 44.6 0.78 1 9.64 6.24
The most significant gold mineralization is found in the COD Dentonia /Jewel style quartz vein (including
26.21-26.97 meters in DDCOD18 -7, 42.70 -43.56 meters in DDCOD18 -11, 18.71 -19.40 meters in
DDCOD18-14, and 25.85 -26.75 meters in DDCOD18 -15). The vein is mineralized with pyrite and trace
chalcopyrite and telluride minera ls. Surrounding alteration is a magnetite destructive silicification and
chlorite alteration. Strong fine disseminated pyrite is often found in these alteration zones. Significant
gold mineralization occurs locally in the altered host rock such as 12.85-13.87 meters in DDCOD18-15 and
21.4-23.0 meters in Everest hole DDEVI18-2 (adjacent to the gold bearing vein at 20.9-21.4 meters).
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Hole ID Dip Azimuth Depth (m)
COD18-7 52 354 47.55
COD18-8 65 354 62.79
COD18-9 75 354 93.27
COD18-10 55 338 71.34
COD18-11 45 280 65.84
COD18-12 55 291 87.17
COD18-13 45 261 68.89
COD18-14 45 351 41.45
COD18-15 55 351 50.6
COD18-16 65 351 50.6
EVE18-1 50 85 47.85
EVE18-2 45 68 47.85
EVE18-3 55 68 66.14
EVE18-4 46 45 56.39
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Observed core vein contact angles indicate the COD vein is sub -vertical being structurally controlled by
the host rock. The predominant host rock for the COD vein is a massive and competent medium grain
granodiorite of the Antsey Pluton. Faulting does occur however the general north south trend of the vein
is predictable.
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Drill core is being geologically logged and sampled at the Greenwoo d facility. Drill core is 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 are also being analyzed for 48 Elements by Four Acid and ICP -AES / ICP -MS. Quality
control (QC) samples are inserted at regular intervals.
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: 604-488-3900 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
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 “exp ects” 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
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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 mater ially 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