GGX Gold Completes 1484 Meters on the COD Vein And Extends the Vein 30 Meters to the South Greenwood BC
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GGX: TSX-V
GGXXF: OTCQB
FRA: 3SR2
GGX Gold Completes 1484 Meters on the COD Vein
And Extends the Vein 30 Meters to the South
Greenwood BC
______________________________________________________________________________________
Vancouver, British Columbia – Apr 24, 201 8 – GGX Gold Corp. (TSXV: GGX), (OTC Pinks: GGXXF ), is
pleased to announce the completion of 24 diamond drill holes targeting the COD vein in the Gold Drop
Southwest Zone. To date the 2018 diamond drill program has completed 24 drill holes totaling 1 ,484
meters or 4 ,883 feet on the COD vein. Updates on the Diamond Drilling at the Everest Vein will be
provided shortly.
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Currently the COD vein drill is located at a pad 30 meters south of the southernmost extent of the 2017
trench. The drill hole DDCOD18 -24 intersected the COD vein 42m below surface. The drill hole
successfully extends the COD vein occurrence 30 m along strike. Listed below are the highlights from the
latest series of COD diamond drill holes (holes 10 to 24). All reported widths are core length.
DDCOD18-24 – intersected a 2.17 m mineralized zone including a 1.6 m wide quartz vein intercept
DDCOD18-21 – intersected a 7.32 m mineralized zone including 3.52 m of quartz veining
DDCOD18-20 – intersected a 2.66 m mineralized zone including a 1.56 m quartz vein intercept
DDCOD18-19 – Intersected a 1.40 m quartz vein intercept and a second 0.46 vein intercept
DDCOD18-18 – intersected a 1.54 m mineralized zone including 1.14m quartz vein intercept
DDCOD18-14 – intersected a 2.94 m mineralized zone including a 1.5m quartz vein intercept
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The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver, BC.
There the core will be analyzed for gold by Fire Assay and for 48 mult i element Four Acid and ICP -MS.
Quality control (QC) samples are being inserted at regular intervals.
David Martin, P.Geo., a Qualified Person as defined by NI 43 -101 and consultant for GGX , 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.
The company, as previously announced on April 6, 2018, wishes to remind all subscribers
and finders from its private placement that took place du ring April, 2017, that the company
has accelerated the term of these warrants to further finance its continuing drill program.
The term of the 10 -cent warrants associated with this placement may be accelerated in the
event that the issuer's shares trade at or above a price of 15 cents per share for a period of
10 consecutive days. In June of 2017, after the final closing announced on May 3, 2017, the
shares of the company traded in this range. The warrants being accelerated at 10 cents are
attached to the 7 .5-cent private placement that took place in April, 2017. Warrantholders
now have until May 7, 2018 to exercise their warrants, or they will be terminated.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Investor Relations: Mr. Jack Singh, 604-720-6598 [email protected]
“ We don’t have to do this, we get to do this ”
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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 assumptions of management. Any statements th at 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 variations of such words, and similar expr essions 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 C ompany 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 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 anticipa ted 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 business conditions, the loss of key direc tors,
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 otherwise, except as expressly required by
applicable securities legislation.
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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.