GGX Gold Soil Sampling Program Gold Drop Project Greenwood BC ______________________________________________________________________________________
1
GGX: TSX-V
GGXXF: OTC
GGX Gold Soil Sampling Program
Gold Drop Project
Greenwood BC
______________________________________________________________________________________
Vancouver, British Columbia – August 31, 2017 – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF), (the
“Company” is pleased to announce the completion of a detailed soil sampling and prospecting program at
the Company’s Gold Drop Property. The program was completed in the Gold Drop Southwest Zone in the
area of the C.O .D Vein. The area of interest is located north of the current trench and drill pad locations.
The objective of the soil sampling and prospecting program was to help identify the continuity of the
C.O.D Vein and possible structures between the C.O.D and the C.O.D North Zone.
The C.O.D Vein is a Dentonia/Jewel style quartz vein that has been exposed on surface during the 2017
field season. To date 200 meters of trenching has exposed over 160 meters of vein. Analytical results for
68 channel samples have b een received, with samples returning anomalous to high grade values for gold,
up to 43.2 g/t Gold and 224 g/t Silver (News release of July 26, 2017).
Detailed East -West soil traverses with 25 meter sample spacing have been completed in the area. Soil
samples from the B horizon have been collected. The area is moderately steep with local soil and
minimum glacial till only found in valley bottoms and depressions. To date 160 soil samples have been
collected with a second survey currently underway in the C.O. D north area. The purpose of the second
survey is to identify targets between the veins.
2
During the soil sampling program a small 2 meter deep adit was discovered 175 meters north of the C.O.D
trench. The adit is driven on a North -south striking quartz ve in that is on strike with the C.O.D vein and
appears to be of the same Dentonia/Jewel style quartz vein. Samples have been collected and shipped t o
ALS Minerals in Vancouver for analysis.
The area of this newly discovered adit is a trenching target. The objective of future trenching in this area
is to define the vein trend and possible length. The area map of the C.O.D worksite is presented in the
following map with the newly discovered adit plotted.
3
Readers are warned that historical records referred to in this News Release have been examined but not
verified by a qualified person. Further work is required to verify that historical assays referred to in this
News Release are accurate.
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 ac hievements 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,
4
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 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 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