Remember the old saying: ‘ We Drill for Structure …and… We Drift for Grade ’
Remember the old saying:
‘ We Drill for Structure …and… We Drift for Grade ’
TSX-v : GGX
OTCQB : GGXXF
FRA : 3SR2
GGX Gold Drilling Intersects
6.16 g/t Gold & 72.4 g/t Silver Over 3.41m at COD Vein
Gold Drop Property, Southern British Columbia
______________________________________________________________________________________
Vancouver, British Columbia – Aug 1 – 2018 GGX Gold Corp. (TSX -v: GGX), (OTCQB :
GGXXF), (FRA: 3SR2) (the “Company” or “ GGX”) is pleased to announce the receipt of the
additional analytical results from its diamond drilling program on the Gold Drop property, located
near Greenwood, B.C. Drill core analytical results have been received for 2018 drill holes COD18-
34 to COD18-36 which tested the COD Vein. The COD gold bearing vein is located in the Gold
Drop Southwest Zone.
2
A highlight from these analytical results is an intersection of 6.16 grams per tonne (g/t) gold, 72.4
g/t silver and 31.0 g/t tellurium over 3.41 meter core length in hole COD18-34. This gold-bearing
interval (quartz veins and altered granodiorite) in hole COD18 -34 is located at approximately 25
meter vertical depth and approximately 115 meters southwest of the area of 2017 trenching.
COD18-34 is located approximately 1 80 meters southwest of hole COD17 -14 which intersected
the 4.59 g/t gold over 16.03 meters, including 10.96 g/t gold over 5.97 meters (News Release of
September 7, 2017).
The analytical results listed below are highlights from drill holes COD18 -34 to COD1 8-36
(intersections greater than 1 g/t gold), testing the continuation of the COD Vein south-southwest of
the 2017 trench. Since true widths cannot be accurately determined from the information available
the core lengths (meters) are reported. The gold, silver and tellurium analyses are reported in grams
per tonne (g/t). The intervals listed in following table are from the gold, silver and tellurium bearing
quartz vein and / or adjacent altered granodiorite.
Hole ID From (m) To (m) Interval Length
(m) Au (g/t) Ag (g/t) Te (g/t)
COD18-34 35.59 39.00 3.41 6.16 72.4 31.0
including 35.59 35.93 0.34 18.85 104 80.1
including 37.60 38.41 0.81 14.85 244 82.8
including 38.41 39.00 0.59 2.91 13 10.65
COD18-34 40.00 40.45 0.45 2.36 17 15.7
COD18-35 53.65 54.25 0.60 1.62 17.05 11.85
COD18-35 55.00 55.74 0.74 1.58 13.95 11.15
COD18-36 41.20 43.00 1.80 1.61 14.28 8.62
Previous drill core analytical results from the 2018 drilling program are reported in News Releases
of May 29, June 14, June 27, July 11, July 19 and July 25. The highlight of the 2018 drilling program
to date is 14.62 g/t gold, 150.2 g/t silver and 102.0 g/t tellurium over 2.1 meter core length in hole
COD18-3 at the COD Vein.
The 2018 drilling program to date has been mainly focused on testing and defining the COD Vein,
a Dentonia/Jewel style quartz vein. Trenching during 2017 exposed the northeast – southwest
striking COD Vein for over 160 meter strike length. The 2018 drilling program has also tested the
continuation of the Everest Vein, which is located approximately 600 meters southwest of the COD
Vein worksite. The Everest Vein was first discovered by Company prospectors during the 2017.
Chip samples collected in 2017 acros s the approximate 0.4 meter wide 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).
Drill core from the 2018 program was geologically logged and sampled. Drill core was sawn in half
with half core samples submitted for analysis and remaining half core stored in a secure location.
Core samples were delivered to the ALS Minerals laboratory in Vancouver to be analyzed for gold
by Fire Assay – AA. The samples were also analyzed for 48 Elements by Four Acid and ICP-AES
/ ICP-MS. Quality control (QC) samples were inserted at regular intervals.
3
The Company also announces it has granted 1,000,000 options at an exercise price of $0.15. The
options are exercisable for five years and will be cancelled 30 days after cessation of acting as a
director, officer, employee or consultant of the Company.
David Martin, P.Geo., a Qualified Person as defined by NI 43-101, 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, 604-488-3900 [email protected]
“ We don’t have to do this, we get to do this ”
The Crew
4
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 a chieved), 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 futur e 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 de velopment 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 econom ic,
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.