GGX Gold Successfully Processes Bulk Sample From the Everest Vein Gold Drop Gold Property, Southern British Columbia ______________________________________________________________________________________
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TSX-V : GGX
OTCQB : XXMMF
FRA : 3SR2
GGX Gold Successfully Processes Bulk Sample
From the Everest Vein
Gold Drop Gold Property, Southern British Columbia
______________________________________________________________________________________
Vancouver, British Columbia – July 5, 2018 – GGX Gold Corp. (TSXV: GGX), (OTCQB: GGXXF),(FRA: 3SR2)
(the “ Company” or “ GGX”) is pleased to announce the successful extraction and processing of a bulk
sample from the Everest gold bearing vein at the Gold Drop Gold Property. The Everest vein is located in
the Gold Drop Southwest Zone.
The sampling was designed to identify the style of mineralization of the Everest vein and determine
whether a gold table could be used as a separation tool for concentrating the vein hosted mineralization.
Remember the old saying :
‘ We Drill for Structure …and… We drift for Grade ’
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The test used random vein material from the Everest vein. The sample was collected from sur face vein
material in the area of the 2018 drilling program. The material was crushed using jaw-rolls crushers and
screened to 20 (0.90 mm) mesh. The material from the Everest vein was run through the crusher twice.
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The crushed , screened and weigh ed material was fed through gold shaker table. The samples were
collected from the discharges and shipped to Vancouver ALS Canada laboratory for Gold, Silver and
Multi-element analysis. The table, buckets and crushers were cleaned before and between sampl ing. The
results of the test are displayed in the following table.
Everest vein
Samples Weight (kg)
Crush 18.05
Au (g/t) Ag (g/t) Te (g/t)
Averaged Au
(g/t)
11101 0.18 Concentrates 509 5110 >500
11102 0.38 Midlings 74.14 676.2 403
11103 7.94 Tailings 14.35 121 97.8
20.51
The values obtained were used to calculate the gold content of the 18.05 kg sample to be 20.51 grams
per tonne gold . Since the entire pail of tailings was not dried and weight, the total tailings weight is
assumed to be initial crush minus the concentrates and midlings.
The bulk sample test shows successful concentration of vein minerals using the gold shaker table
technique. The gold shaker table requires continuous feed to operate properly and therefore the riffles
had to be cleared. During the clean up some minor cross contamination between the midlings and
tailings may have occurred. The gold found in tailings may be explained by the finesse of the gold particle
size. The gold table technique requires rigorous fine tuning to optimize the separation and capture of
minerals. The company is pleased with these initial results.
The company plans to test an iCON gravimetric concentrator and compare the recoveries to the gold
shaker table results.
Robert Tilsley , P.Geo., a Qualified Person as defined by NI 43 -101, is responsible for the technical
information contained in this News Release.
To view the Original News release with pictures please go to the website or contact the company.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Investor Relations: Mr. Jack Singh, 604-488-3900 [email protected]
“ We don’t have to do this, we get to do this ”
The Crew
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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 belief s 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 assumptions 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 “in tends”, or stating
that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be
achieved), and variations 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 estimates 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 speculative business; that environmental laws and regulations may become more
onerous; that the Company may not be a ble 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 c an 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 m aterially from those in forward looking statements include continued availability of
capital and financing and general economic, market or business conditions, the loss of key directors,
employees, advisors or consultants, equipment failures, litigation, c ompetition, 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 included 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.