GGX Gold, Silver and Tellurium assay results, 880 G/T Silver and 660 ppm Tellurium over 0.53 Meters Perky Vein Historic Gold Mining Camp Greenwood BC
GGX Gold, Silver and Tellurium assay results,
880 G/T Silver and 660 ppm Tellurium over 0.53 Meters
Perky Vein
Historic Gold Mining Camp
Greenwood BC
Vancouver, British Columbia – June 17th 2021– GGX Gold Corp. (TSX -V: GGX), (OTCQB: GGXXF), (FRA:
3SR2) (the “Company” or “GGX”) is pleased to announce the silver and tellurium assay results for the
Perky and C.O.D veins from the 2020 diamond drilling program at the Company’s 100% owned Gold
Drop property (the “Property”) located in the Greenwood Mining Camp in south -central British
Columbia.
Silver and Tellurium assay results were recently received for all the C.O.D (COD20 -01 to COD20 -019)
and Perky (PKY20-01 to PKY20-17) veins drilled in 2020. Gold assay results were reported in the April
7, 2021 News Release.
The Perky vein located approximately 200 metres west of the C.O.D vein reported the most significant
result of 235 g/t gold, 880 g/t silver, and 660 ppm tellurium over 0.53 metre core interval from drillhole
PYK20-08. The Company plans to continue diamond drilling at the Perky vein in 2021 to continue
delineation of high-grade gold, silver, and tellurium mineralization.
Drill core from PKY20-08: quartz vein
June 17 2021 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
The following lists the drill intercepts over 1.0 grams per tonne gold for the C.O.D and Perky veins. Gold
assays above 20.0 grams per tonne gold are bolded.
Hole From
(m)
To
(m)
Interval
Length (m)
Gold
(g/t)
Silver
(g/t)
Tellurium
(ppm) Description
PKY20-01 60.48 60.93 0.45 1.66 6.64 5.86 Quartz veinlet, pyrite in granodiorite
PKY20-04 27.91 28.41 0.5 4.72 37.6 21 Quartz veinlet, pyrite in granodiorite
PKY20-07 0.96 1.85 0.89 26.7 66.5 40.8 Quartz vein, visible gold
PKY20-07 1.85 2.3 0.45 119.5 250 122 Quartz vein, pyrite
PKY20-08 0.7 1.31 0.61 2.07 3.36 3.2 Quartz vein, rusty
PKY20-08 1.31 1.73 0.42 9.63 64.6 43.2 Quartz vein, rusty
PKY20-08 1.73 2.26 0.53 235 880 660 Quartz vein, visible gold
PKY20-08 2.26 2.87 0.61 81.4 471 229 Quartz vein, visible gold
PKY20-09 10.44 10.97 0.53 7.47 53 41.5 Quartz vein, pyrite
PKY20-09 10.97 11.47 0.5 2.73 16.6 9.63 Quartz vein, rusty, pyrite
PKY20-12 9.2 10.06 0.86 26.9 163 109.5 Quartz vein
PKY20-13 3.38 3.88 0.5 2.46 16.55 10.75 Quartz vein, pyrite
PKY20-13 4.59 5.09 0.5 3.72 28.4 26.1 Quartz vein, pyrite
PKY20-13 5.09 5.62 0.53 7.26 54.6 34 Quartz vein, pyrite
PKY20-13 5.62 6.19 0.57 20.4 107 59 Quartz vein, pyrite
PKY20-14 36.76 37.32 0.56 1.4 13.2 8.26 Qtz stringers, pyrite
PKY20-15 2.66 3.26 0.6 3.54 14.75 12.5 Quartz vein
PKY20-15 8.75 9.23 0.48 2.44 19.2 10.8 Quartz vein, pyrite
PKY20-15 9.23 9.66 0.43 3.81 19.45 11.3 Quartz vein
COD20-09 15.61 16.28 0.67 2.22 9.74 7.72 Quartz vein, pyrite
COD20-09 16.28 16.6 0.32 1.75 31.4 191 Quartz vein
COD20-09 18.2 18.79 0.59 11.95 123 94.9 Quartz vein, pyrite
COD20-10 17.57 17.97 0.4 2.44 29.2 17.1 Quartz vein
COD20-10 19.67 20.62 0.95 2.45 17.3 16.8 Quartz veinlet, pyrite
COD20-10 20.62 21.8 1.18 27.7 114 135.5 Quartz vein
COD20-11 18.03 18.43 0.4 9.14 30.8 43.6 Quartz vein
COD20-11 20.24 20.74 0.5 9.66 22.1 25.6 Quartz veinlet, pyrite
COD20-11 21.4 22.49 1.09 3.34 16.8 14.45 Quartz veinlet, pyrite
Note that the intercept lengths are drill core lengths and are not true widths. Due to lack of information
on the geometry of the and C.O.D and Perky veins, true widths cannot be determined at this time.
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.
Over-limits were re-analyzed by fire assay using a gravimetric finish. Other metals were analyzed as part of a 48-
element package using a four-acid digestion and determination by ICP-MS.
GGX Gold News Release
The Company also announces that it has granted 800,000 stock options at an exercise price of $0.16 to
its directors, officers, employees and consultants. The options are exercisable for five years and will be
cancelled 30 days after cessation of acting as director, officer, employee or consultant of the Company.
The stock options are not transferable and will be subject to a four-month hold period from the date of
grant and any applicable regulatory acceptance.
Sebastien Ah Fat, 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:
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 unc ertainties. 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 suit able 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