GGX Gold Plans 2026 Drilling to Target Extensions of High-Grade C.O.D. Vein, Previously Drilled to 129 g/t Au, 1,154 g/t Ag and 353 g/t Te Over 7.28 Metres - Historic Mining Camp in Greenwood BC Canada
GGX Gold Plans 2026 Drilling to Target
Extensions of High-Grade C.O.D. Vein,
Previously Drilled to 129 g/t Au, 1,154 g/t Ag
and 353 g/t Te Over 7.28 Metres - Historic
Mining Camp in Greenwood BC Canada
Vancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - GGX Gold Corp. (TSXV: GGX)
(OTC Pink: GGXXF) (FSE: 3SR) (the "Company" or "GGX") is pleased to announce plans for the 2026
exploration program at the Company's 100% owned Gold Drop property in the Greenwood Mining
Camp in British Columbia, Canada.
"The exceptional historic grades from the C.O.D. vein - including intercepts of 129 grams per
tonne gold and over 1,100 grams per tonne silver - demonstrate the calibre of mineralization
present at Gold Drop,"
said Barry Brown, CEO of GGX Gold.
"Our 2026 drill program is designed
to build on these results, target the projected extension of the Dentonia system at depth, and
systematically test multiple parallel veins across the property. We believe this year's work has
the potential to significantly advance our understanding of a larger, district-scale mineralizing
event."
Map of Gold Drop Property showing exploration areas
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A surface drill program consisting of up to 2200 meters is planned for the Gold Drop property to test the
North Star and Gold Drop mine areas, and the Highland Valley, Ken and Amandy vein targets.
The Gold Drop property covers several gold, silver and tellurium bearing quartz veins that were mined
historically.
Gold mineralization occurs as free gold and in gold-telluride minerals.
The veins are hosted
in granodiorite and pendants of metasedimentary rocks.
Historic work focussed on individual veins but
there may be potential for sheeted veins as occur in reduced intrusion related gold systems (RIRGS)
actively being explored elsewhere in the Cordillera. Gold-tellurium mineralization is associated with
alkaline magmatism elsewhere in the world so the presence of tellurium in this area suggests a genetic
link to alkaline magmatism.
The mineralization at Gold Drop may be part of a metallogenic event related
to nearby Eocene volcanic or Coryell suite intrusive rocks, which have alkalic characteristics.
The Gold Drop property is part of an historic gold camp centered on the Dentonia vein that occurs on
property not currently owned by GGX.
The Dentonia vein is traced on surface for 1.5 km and to a depth
of about 200m.
Total historic production is recorded as 43,354 ounces of gold and 258,973 ounces of
silver from 124,644 tonnes (BC Minfile). The Dentonia vein is projected to extend onto the Gold Drop
property at depth where it is targeted for drilling.
GGX Gold Corp previously drilled the C.O.D. vein (Continuation of Dentonia), located in the western part
of the property.
This vein was traced for 350 meters and tested to a depth of about 100 meters.
The best
drill intercepts include
129 g/t gold and 1,154 g/t silver, 353 g/t Te over 7.28 meter core length in
(COD18-67) and 107.5 g/t gold and 880 g/t silver, 99 g/t Te over 6.90 meters core length (hole
COD18-70)
.
Extensions were drill tested in 2019 and 2020, and nearby Perky and Lively veins were
discovered and drilled in 2020 and 2021.
GGX now plans to drill the Gold Drop and North Star mines areas to intersect the Gold Drop vein near
the workings and follow the structure to depth.
Drilling is also planned to intersect the Dentonia vein
where it projects beneath the Gold Drop mine at depth.
Initial drill testing is also planned for the Highland
Valley, Ken and Amandy veins.
The historic Gold Drop and North Star mines are located on the Gold Drop property east of the Dentonia
vein.
Total production from the mines is recorded as 840 ounces of gold and 2,426 ounces of silver from
6,513 tonnes.
The Gold Drop vein is traced on surface and in underground workings for a strike length of
over 700 m, parallel to the Dentonia vein.
The Gold Drop vein pinches and swells from narrow quartz
stringers to greater than 3.5 m wide, and is mineralized with pyrite with lesser galena, chalcopyrite,
sphalerite, tellurides and minor free gold.
Chip sampling conducted on the North Star vein in 2013
returned results that ranged between 0.08 and 81.0 g/t gold and between 0.4 and 427.0 g/t silver, with
averages for 7 chip traverses of 8.78 g/t gold and 47.0 g/t silver over a width of 0.36 meters.
Drilling will
target structurally controlled mineralized shoots at depth below the historic workings.
The Ken vein is another parallel vein located approximately 860 meters east of the Gold Drop vein that is
exposed in two short adits. Exploration trenching in 2014 exposed a 0.30 metre wide quartz vein
containing pyrite, chalcopyrite, malachite and galena.
In 2017, a grab sample containing visible gold
assayed 297 grams per tonne gold.
In 2020, a chip sample collected across the vein exposed at the adit
assayed 0.12 g/t gold.
Planned drilling will test the vein below the historic workings.
The Highland Valley vein is located on southern part the Gold Drop property approximately 1.8 km from
the North Star mine. Historic sampling from 1985 is reported as 13.4 grams per tonne gold over 1.2
metres.
Two grab samples collected in 2020 returned 4.76 and 2.57 grams per tonne gold.
Drilling is
planned to test beneath the gold-bearing outcrops.
The Amandy vein is in the northwest region of the property, west of Jewel Lake. It contains gold, silver,
tellurium, lead and zinc in pyrite, galena, sphalerite and gold-telluride mineralization (BC Minfile). The
vein is reported to have been traced over 305 m (1934 Annual Report of the BC Minister of Mines).
Historic gold and silver production from the vein between 1936 and 1941 totalled 1,059 tonnes grading
10.04 g/t Au and 185.18 g/t Ag (BC Minfile).
In 2020, a rock chip sample assayed 23.5 g/t Au, 437 g/t
Ag and 198 g/t Te.
Drilling is planned to test beneath historic pits.
Unless otherwise referenced, 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
method (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.
Readers are cautioned that historical records referred to in this News Release have been examined
but not verified by a Qualified Person. Further work is required to verify that historical records referred
to in this News Release are accurate.
Dr. Mathew Ball, 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:
Drilling at the Lively Vein in 2021
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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 improve; 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 regulations 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 suitable 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 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
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