GGX Gold Starts Drilling to Test Deep Geophysical Target Historic Gold Mining Camp Greenwood BC
GGX Gold Starts Drilling to Test Deep Geophysical Target
Historic Gold Mining Camp
Greenwood BC
Vancouver, British Columbia – October 1, 2019 – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA:
3SR2) (the “Company” or “GGX”) is pleased to announce that it has now commenced drilling to test a large,
deep geophysical anomaly at its Gold Drop property in the Greenwood Mining Camp.
A drill is now setup on the first of three sites designed to test 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 target is a porphyry -type copper gold deposit. For more information, see the video posted on the corporate
website.
The anomaly is located at
the intersection of corridors
identified as “conduit-fault-
structural traces”. Two of
these are coincident with
the trend of the C.O.D. vein
system and a probable NW-
trending cross -fault. The
correlation of anomaly
corridors with known
geological features
provides some confidence
in the result.
Drilling at the C.O.D. vein and C.O.D. North vein has been halted, and the rig was moved to a new site selected
to test the AMT geophysical anomaly. As of September 26, a total of 2,486 metres have been drilled in 49 holes
on the main C.O.D. vein, and an additional 705.2 metres drilled in 10 holes on the COD North vein and one hole
on the Everest vein. Assay results are pending.
October 1, 2019 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
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.
The Company also announces the resignation of Mr. George Sookochoff as President. The Company would like
to thank Mr. Sookochoff for his time and wish him well in his future endeavours. Mr. Barry Brown current CEO
and director, of the Company will assume the duties of President.
On Behalf of the Board of Directors
Barry Brown
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 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 V enture 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