GGX Gold to Test New Technology on A Newly Discovered Geophysical Anomaly
GGX Gold to Test New Technology on A Newly
Discovered Geophysical Anomaly
Vancouver, British Columbia – July 4, 2019 – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2)
(the “Company” or “GGX”) announces that it is planning to drill a high priority geophysical target at its Gold Drop
property in the Greenwood Mining Camp.
The proprietary Stargate II (SG II) Drill Target
Modeling System incorporates Acoustic EM analysis,
technology that was de veloped by Earth Science Services
Corporation of Oshawa, Ontario (ESSCO). SG II employs an
enhanced, deep -penetrating ultra -sonic AMT (Audio -
Magnetotellurics) geophysical survey.
(for more information see the ESSCO Website at:
http://www.earthscienceservices.ca/index.php)
The system is in developmental / pre -commercial stage and as
such the effectiveness of t his technique is not fully known to
GGX.
Stargate II surveys were performed by ESSCO over the
Republic Graben trend in Washington and B.C. in 2014/2015 at 1 km and 500 met re line spacings. A resultant
geophysical anomaly on the Gold Drop property i n the Greenwood Mining Camp was supplied by Glenn Galata
of ESSCO. The anomaly measures 1834 by 1377 metres, is centered at the intersection of three interpreted major
fault conduit structural traces and is located along strike and to the north of the C.O.D. ve in trend. Testing the
target will require drilling to a depth of at least 400 and up to 764 metres - the deepest ever to be drilled on the
Gold Drop property.
Stargate II Anomaly Map:
The anomaly is located at the intersection
of c orridors 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.
July 3, 2019 TSX.V : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
GGX is excited to have the opportunity to engage this new technology with a drill test planned in the coming
weeks. If successful, the test at the Gold Drop property could result in the discovery of a new gold deposit or even
a new gold deposit type. It could also lead to further investigations utilizing the new geophysical technique in
other areas of the Greenwood Mining Camp. View the Video at GGXGOLD
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.
Mr. Glenn Galata, of Earth Science Services Corporation of Oshawa Ontario, reviewed the information in this
release pertaining to the Stargate II geophysical system and ESSCO.
On Behalf of the Board of Directors
George Sookochoff, President,
604-488-3900
Investor Relations:
Mr. Jack Singh,
604-488-3900,
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 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 regula tions 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