GGX Gold Prepares for Phase III Diamond Drill Program On the Gold Drop Property, Greenwood BC ______________________________________________________________________________________
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GGX: TSX-V
GGXXF: OTC
GGX Gold Prepares for Phase III Diamond Drill Program
On the Gold Drop Property, Greenwood BC
______________________________________________________________________________________
Vancouver, British Columbia – February 28, 2017 – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF ),
(the “Company” or “ GGX”) is pleased to announce that plans are underway to initiate the phase three
2018 winter drill program on the Gold Drop Project near Greenwood, BC.
The Phase III drilling program of up to 1000 Meters is
being designed to follow up on data obtained from the
2017 drill program that consisted of approximately
1500 M. The 2017 program was drilled along the COD
Vein which was previously exposed in trenching
accompanied with channel sampling. The current drill
sites for phase III are at various locations along the
previously exposed COD vein and Additionally, new
drill sites have also been spotted for locations to the north and south of the exposed COD vein. These
areas have yet to be trenched, however the company has recently identified gold anomalies in soils and
is permitted for 850M of trenching. (Soils -News Release–Jan-10-18).
(See the 3D model on the company Website)
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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
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 in ferring 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 y et 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 several factors
that, if untrue, could cause the actua l 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 are based on numerous assumptions regarding present a nd
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 an d 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 uncertainties and risks including that resource exploratio n 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 continued availability of
capital and financing and genera l economic, market or business conditions, the loss of key directors,
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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 forwa rd-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