GGX Gold receives assay results from the Gold Drop Property, including 297 g/t Au and 1290 g/t Ag, Greenwood BC ______________________________________________________________________________________
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GGX: TSX-V
GGXXF: OTC
GGX Gold receives assay results from the Gold Drop Property,
including 297 g/t Au and 1290 g/t Ag,
Greenwood BC
______________________________________________________________________________________
Vancouver, BC – November 8, 2017 – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”) is pleased
to announce the receipt of grab sample assay results from the high grade Gold Drop Property located
near Greenwood in southern British Columbia. The 2017 fall program o n the gold Drop Property
consisted of soil sampling and prospecting. The program was located in the Gold Drop Southwest Z one
and Gold Drop Main Zone. A total of 11 samples returned values above 1 g/t Au.
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The soil sampling program in the Gold Drop south west zone helped identify a new vein exposure in a
small, 2 meter deep historic adit 175 meters north of the C.O.D. trench. The adit is driven on a North -
south striking quartz vein that is on strike with the C.O.D. Vein, and appears to be of the same
Detonia/Jewel style quartz vein. (News Release of Sept 1 , 2017). Another vein exposure north of the
trench was also located by hand pitting on local quartz float. Both of these exposures have been sampled
and returned promising results. Bedrock quartz samples from the small hand pit material returned values
of 4.97 g/t and 30.7 g/ t Ag. Samples of boulder material found outside of the small adit returned values
of 1.28 g/t Au and 6.97 g/t Ag.
Part of the fall prospecting focused on locating and sampling the Silent Friend and Ken veins near the
Gold Drop Main Zone. Both of these returned significant values including 297 g/t Au and 1290 g/t Ag
sampled in dump pile quartz from what is believed to be the southern Silent Friend showing. Samples of
dump pile material from a mineshaft north of this exposure assayed 6.98 g/t Au and 38.6 g/t Ag. Material
from a mineshaft to the south, speculated to be the Ken mineshaft, assayed 4.47 g/t Au and 23.0 g/t Ag.
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Time was also spent prospecting 6 crown grants in the central portion of the Gold Drop Property. These
grants are southwest of the Dentonia mine. Several historic trenches pits and workings were found and
sampled. A sample collected in one of these exploration pits assayed 6.13 g/t Au and 30.3 Ag.
All samples collected during the fall prospecting and soil sampling program were submitted to ALS
Minerals laboratory in Vancouver to be analyzed for gold by Fire Assay and for 48 Elements by Four Acid
and ICP-MS.
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: 604-720-6598 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 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 “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 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 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 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
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
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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