GGX Gold Vein Samples Return Up to 81.8 g/t Gold and 630 g/t Silver at Newly Discovered Everest Vein The Gold Drop Property Greenwood BC ______________________________________________________________________________________
1
GGX: TSX-V
GGXXF: OTC
GGX Gold Vein Samples Return Up to 81.8 g/t Gold and 630 g/t Silver at
Newly Discovered Everest Vein
The Gold Drop Property
Greenwood BC
______________________________________________________________________________________
Vancouver, British Columbia – August 21, 2017 – GGX Gold Corp. (TSXV: GGX) (the “Company” or
“GGX”) is pleased to announce receipt of the first batch of analytical resu lts from the current chip and
grab sampling program along the newly discovered Everest Vein, located in the Gold Drop Southwest
Zone. The Everest V ein was recently discovered by hand pitting a zone of local quartz float, which
exposed the vein in -situ. This newly discovered vein is located approximately 600 meters southwest of
the C.O.D. shaft and on strike with the newly exposed C.O.D. Vein. The initial grab sample of the Everest
Vein from the pit returned 34.1 g rams /tonne (g/t) or 1.0 Troy ounces / ton o f gold and 233 g/ t silver
(New Release of July 24 2017) . Samples from the first batch of samples returned significant results for
gold and silver with values up to 81.8 g/t Gold and 630 g/t Silver.
Since discovery of the Everest Vein outcrop the GGX team has completed 40 meters of excavator
trenching and the vein has been chip and grab sampled with samples recently submitted to ALS Minerals
for gold and silver analysis. Visible gold has been found at three locations along the vein exposure.
2
The Everest Vein samples were analyzed by means of Au and Ag fire assay with gravimetric finish. The
first batch of samples from this vein has returned significant results for both gold and silver. Sample
844771, a grab sample of a quartz vein boulder broken off the outcrop by the excavator returned 81.8 g/t
gold and 630 g/t silver. Chip samples across the vein exposure returned up to 52.8 g/t gold and 377 g /t
silver. The chip samples were collected at approximate 3.5 meter intervals along the vein with sample s
collected across the face of the vein, being approximately 0. 4 meters wide. Gold and silver analyses for
the first 8 samples from the Everest vein are listed in the following table:
SAMPLE Au Ag Sample
type
DESCRIPTION ppm ppm
S844766 34.8 277 Chip
S844767 52.8 377 Chip
S844768 12.1 110 Chip
S844769 20.2 167 Chip
S844770 41.8 359 Chip
S844771 81.8 630 Grab
S844772 25.3 217 Chip
S844773 6.48 47 Chip
The Company will resume trenching on the Everest Vein when the Fire Danger rating for the region drops
to acceptable safe levels. GGX Gold has submitted an additional 5 chip samples for analysis.
David Martin, P.Geo., a Qualified Person as defined by NI 43 -101, is responsible for the technical
information contained in this News Release.
3
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 GGX Team
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 regard ing 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 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 “intends”, or stating
that certain actions, events or results “may”, “could”, “would”, “might” or “will” be tak en, occur or be
4
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 li censes 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 e xploration 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; fluctuating prices of
metals; the possibility that future expl oration, 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 a nd general economic, market or business 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 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 o therwise, 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