GGX Gold Report Assays from Holes 19 to 27 at Gold Drop
GGX Gold Report Assays from Holes 19 to 27 at Gold Drop
Vancouver, British Columbia – October 29, 2019 – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA:
3SR2) (the “Company” or “GGX”) is pleased to announce assay results from holes COD19-19 to 27, drilled this
season at its Gold Drop property in the Greenwood Mining Camp. Significant results for samples collected from
holes 19 to 27 are provided in the table below.
Hole From To Length
(m)
Gold (g/t) Silver
(g/t)
Tellurium
(ppm)
Description
COD19-19 20.02 20.42 0.40 35.60 180.0 251 Quartz vein, visible gold
COD19-19 20.42 20.87 0.45 7.07 37.0 64.2 Quartz vein, pyrite
COD19-19 20.87 21.31 0.44 19.50 163.0 90.4 Quartz vein, pyrite
COD19-19 21.31 21.87 0.56 12.65 117.0 79.3 Quartz vein, pyrite, telluride
COD19-19 21.87 22.30 0.43 6.29 148.0 29.5 Quartz vein, pyrite, telluride
COD19-19 22.30 22.68 0.38 2.01 31.5 17.6 Quartz vein, pyrite, telluride
COD19-19 22.68 22.90 0.22 4.18 82.4 18.45 Quartz vein, pyrite, telluride
COD19-19 22.90 23.18 0.28 44.20 360.0 223 Quartz vein, pyrite, telluride
COD19-19 23.18 23.47 0.29 50.00 501.0 358 Quartz vein, pyrite, telluride
COD19-19 23.47 23.77 0.30 20.80 202.0 110 Quartz vein, pyrite, telluride
COD19-19 23.77 24.15 0.38 3.62 296.0 277 Quartz vein, pyrite, telluride
COD19-23 21.12 21.62 0.50 2.02 32.0 24.3 Quartz vein, pyrite, telluride
COD19-23 21.62 22.12 0.50 60.20 469.0 305.0 Quartz vein, gold, pyrite, telluride
COD19-23 22.12 22.62 0.50 12.50 106.0 125.5 Quartz vein, pyrite, telluride
COD19-23 22.62 23.12 0.50 22.80 192.0 148.5 Quartz vein, pyrite, telluride
COD19-23 23.12 23.62 0.50 1.07 8.7 4.8 Quartz vein
COD19-23 23.62 24.12 0.50 28.10 249.0 147.0 Quartz vein, pyrite, telluride
COD19-23 24.12 24.62 0.50 11.05 94.1 35.7 Quartz vein, pyrite, telluride
COD19-23 24.62 25.12 0.50 14.65 161.0 86.0 Quartz vein, pyrite, telluride
COD19-23 25.12 25.62 0.50 51.30 640.0 281.0 Quartz vein, pyrite, telluride
COD19-23 25.62 26.12 0.50 116.0 1205.0 >500 Quartz vein, pyrite, telluride
COD19-23 26.12 26.62 0.50 47.30 481.0 309.0 Quartz vein, pyrite, telluride
COD19-23 31.05 31.55 0.50 7.05 237.0 52.2 Quartz vein, pyrite, telluride
COD19-23 31.55 32.05 0.50 5.84 101.0 48.9 Quartz vein, pyrite
COD19-23 32.05 32.55 0.50 13.95 178.0 86.3 Quartz vein, pyrite
COD19-25 17.98 18.40 0.42 6.95 53.8 34.8 Quartz vein, pyrite
COD19-25 18.91 19.20 0.29 18.20 181.0 160.0 Quartz vein, pyrite, telluride
COD19-25 19.20 19.52 0.32 5.92 39.2 56.5 Quartz vein, pyrite, telluride
COD19-25 19.52 19.83 0.31 44.30 325.0 222.0 Quartz vein, pyrite, telluride
COD19-25 19.83 20.22 0.39 1.08 8.9 29.8 Quartz vein, pyrite
COD19-25 20.22 20.57 0.35 1.33 15.65 34.0 Quartz vein, pyrite
COD19-26 48.46 49.00 0.54 2.00 11.2 8.3 Granodiorite, pyrite
COD19-27 38.93 39.51 0.58 2.40 23.0 14.1 Quartz veinlet + altered rock
COD19-27 39.51 40.09 0.58 4.15 43.0 29.1 Quartz veinlet + altered rock
COD19-27 40.09 40.68 0.59 4.25 46.1 28.4 Quartz veinlet + altered rock
COD19-27 40.68 41.50 0.82 1.39 12.5 8.63 Granodiorite, pyrite
October 29, 2019 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
Abbreviations: m=meters, g/t = grams per tonne, ppm = parts per million (equivalent to grams per tonne)
Note: The lengths reported in the table above are core interval lengths and not true widths. There is insufficient
information at this time to estimate true widths.
* provisional value pending re-assay for tellurium
The weighted average grades for the intercepts in holes 19, 23, 25, and 27 are as follows:
Hole From To Length
(m)
Gold
(g/t)
Silver
(g/t)
Tellurium
(ppm)
Description
COD19-19 20.02 24.15 4.13 17.42 178.9 131 Quartz vein, pyrite, telluride
COD19-23 21.12 26.62 5.5 33.36 330.7 178.8* Quartz vein, pyrite, telluride
COD19-23 31.05 32.55 1.5 8.95 172.0 62.5 Quartz vein, pyrite, telluride
COD19-25 17.98 20.57 2.59 9.62 77.1 66.7 Quartz vein, pyrite, telluride
COD19-27 38.93 40.68 1.75 3.60 37.4 23.9 Quartz vein, pyrite, telluride
These results continue to confirm the presence of potentially economic mineralization in the COD vein at the Gold
Drop property. The results add to the list of mineralized intercepts obtained last year (refer to news release dated
February 27, 201).
Analytical results reported above were provided by ALS Laboratories in North Vancouver, BC., which is an
independent and accredited commercial laboratory. Analyses for gold were done by fire assay with AA finish on
50 gram sub-samples, or by metallics sieve analyses. Analyses for silver and tellurium were by four acid digestion
with ICP-MS finish. Silver results greater than 100 ppm were reanalyzed using a four -acid digestion and ICP-
AES or AAS finish on a 0.4g sub-sample. Quality control was monitored using analytical results for reference
standards and blank samples inserted into the sample stream at a frequency of 5% each.
David Martin , 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, President,
604-488-3900
Investor Relations:
Mr. Jack Singh,
604-488-3900,
GGX Gold News Release
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 a nd 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 comm odities; 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 caus e 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 forwar d-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
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