Phase One Drilling on the Gold Drop Property Underway Historic Gold Mining Camp Greenwood BC ______________________________________________________________________________________
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TSX-V: GGX
GGX Gold
Phase One Drilling on the Gold Drop Property Underway
Historic Gold Mining Camp
Greenwood BC
______________________________________________________________________________________
Vancouver, British Columbia – July 10, 2017 – GGX Gold Corp. (TSXV: GGX) (the “Company” or “GGX”)
is pleased to announce the commencement of the 2017 drilling program on the High Grade Gold Drop
property, located near Greenwood BC.
Phase one of the drill program targets the COD vein in the Gold Drop Southwest zone. The vein being
targeted is the Dentonia/Jewel style quartz vein called the C.O.D. The 2017 prospecting program returned
grab samples of upwards to 19.6 g/t Au on the Claire extension. To date 200 meters of trenching has since
exposed over 160m of vein. There are 15 proposed drill holes targeting the vein from 5 drill pads at
various locations along the long trench. The drill has successfully mobilized to the first drill pad and
drilling has begun.
The Gold Drop property covers geologi cally prospective ground in the well -mineralized Greenwood
Mining Division . The property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein
systems, four of which were previously mined (Gold Drop, North Star, Amandy and Roderick Dhu veins).
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June 2017 Trenching at Gold Drop Southwest Zone (area of historic C.O.D shaft)
The Company also wishes to advise all subscribers and finders from its private placements that took place
during the period from June to October 2016 that the Company is accelerating the term of these warrants.
The term of the $0.20 warrants associated with these placements may be accelerated in the event that the
issuer's shares trade at or above a price of $0.25 per share for a period of 10 consecutive days. During late
October 2016 after the final closing, the shares of the Company traded in this range. The warrants being
accelerated at $0.20 are attached to the $0.15 private placements that took place over the period. Warrant
holders now have 30 days to exercise their warrants or they will be terminated.
On Behalf of the Board of Directors,
Barry Brown, Director
604-488-3900
Forward Looking Information
This news release includes certain statements that constitute “forward-looking information ” w ithin 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, esti mates, 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
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that, if untrue, could cause the actual results, performances or achievements of the Company to be
materially different from future results, performances or ach ievements 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 inher ently 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 com petition. 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 failur es, 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, according ly 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