GGX Gold Preparing Drill Site to Test Deep Geophysical Target Prolific Gold Camp Greenwood BC
GGX Gold Preparing Drill Site
to Test Deep Geophysical Target
Prolific Gold Camp
Greenwood BC
Vancouver, British Columbia – September 5, 2019 – GGX Gold Corp. (TSX-v: GGX), (OTCQB:
GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce that it is now fully
permitted to drill test a large, deep geophysical anomaly at its Gold Drop property in the
Greenwood Mining Camp.
The Company recently received a new 5-year, area-based exploration permit for the Gold Drop property
that will allow drilling of a large, deep geophysical anomaly. As previously announced in a news release
dated July 24, an airborne audio magnetotelluric (AMT) geophysical anomaly was identified on the
property by Earth Science Services Corporation of Oshawa, Ontario (ESSCO) . The anomaly is
interpreted as a pipe -like structure that measures 1834 by 1377 metres, with a target zone at depths
between 500 and 800 metres. Three drill holes are planned to test this anomaly at different directions
from separate locations. The proposed holes are included in the new permit work plan. Thanks to prompt
action by the B.C. Ministry of Energy, Mines and Petroleum Resources in response to the Company’s
request, one site was added to the existing permitted work for this year. The remaining two sites are in
next year’s plan. The Company is now preparing the drill site and will move the drill rig once it has
completed the last hole at the C.O.D. vein.
The new permit also allows exploration trenching and drilling in other areas of the property this year,
including an area west of the C.O.D. vein on parallel vein targets, at the Rhoderick Dhu prospect, and at
multiple sites at the historic Gold Drop gold mine.
Stargate II Anomaly Map:
September 5, 2019 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
Drilling at the C.O.D. North vein was completed, and the rig was moved back to the main C.O.D. vein
to test below the best mineralized area identified to date. As of September 2, a total of 2,284 metres have
been drilled in 48 holes on the main C.O.D. vein, and an additional 685 metres drilled in 10 holes on the
COD North vein. Assays from the first drill holes are pending.
Photo of C.O.D. vein quartz containing pyrite and gold-telluride mineralization in
hole COD19-45 at 167 feet (50.9 meters) depth.
On Behalf of the Board of Directors
Barry Brown, Director
604-488-3900
Investor Relations:
Mr. Jack Singh,
604-488-3900,
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
GGX Gold News Release
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 chang e 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 ca n 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 upd ating 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