GGXXF: OTCQB 3SR2 : FRA GGX Gold Mobilizes Second Diamond Drill Phase 1 on the Newly Discovered Everest Vein Greenwood BC ______________________________________________________________________________________
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GGX: TSX-V
GGXXF: OTCQB
3SR2 : FRA
GGX Gold Mobilizes Second Diamond Drill Phase 1 on the Newly Discovered Everest Vein
Greenwood BC
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Vancouver, British Columbia – March 23, 2018 – GGX Gold Corp. (TSXV: GGX), (OTCQB: GGXXF), (the
“Company” or “GGX”) is pleased to announce it has mobilized a second diamond drill rig on the Gold
Drop Property near Greenwood BC.
(Setting up to drill the Everest Vein located 100m west and 600 meters south on strike with the COD vein )
The second diamond drill rig is currently being set up in Southwest Zone of the property to complete a
series of exploration holes testing the newly discovered gold bearing Everest Vein, which has never been
drill tested before after its discovery last year. The Everest vein is located approximately 600 meters
southwest of the COD Vein worksite, where the company is currently drilling phase III on that Vein. The
Everest Vein was discovered in 2017 by a Company prospector during hand pitting at a zone of local
quartz float, exposing the vein in-situ. The initial 2017 grab sample of the Everest Vein from the pit
returned 34.1 grams /tonne (g/t) gold or 1.0 Troy ounces / ton of gold and 233 g/t silver. The Company
completed 40 meters of trenching and chip sampled the approximately 0.4 wide vein at 3.5 m intervals.
Chip samples across the vein exposure returned up to 52.8 g/t gold and 377 g/t silver while 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
(News Release of August 21, 2017).
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Samples taken at 3.5 Meter intervals across the vein that has been exposed for 40 M
Sample ID Sample type Au ppm Ag ppm
844766 Chip 34.8 277
844767 Chip 52.8 377
844768 Chip 12.1 110
844769 Chip 20.2 167
844770 Chip 41.8 359
844771 Trench Boulder Grab 81.8 630
844772 Chip 25.3 217
844773 Chip 6.48 47
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.
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 ”
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 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 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 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 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 and 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 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.