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 Announces
Diamond Drilling Program & Financing
On the Gold Drop Property,
______________________________________________________________________________________
Vancouver, British Columbia – Mar 20, 2019 – GGX Gold Corp. (TSX-v: GGX), (OTCQB:
GGXXF), (FRA: 3SR2) (the “ Company” or “ GGX”) is pleased to announce it has begun
preparing for the spring 2019 diamond drilling program on the Gold Drop Property , located in
Southern British Columbia. The program is scheduled to begin in early April. The spring drilling
program will focus on the COD vein located in the Gol d Drop Southwest Zone. The program will
further test the southern extension of the COD vein . The Company intersected near-surface, high-
grade gold, silver and tellurium in this part of the vein during 2018 diamond drilling.
• COD18-67: 129 g/t gold, 1,154 g/t silver & 823 g/t tellurium over 7.28 meter s core
length.
• COD18-70: 107 g/t gold, 880 g/t silver & 640 g/t tellurium over 6.90 meter s core
length.
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The highlights of the 2018 diamond drilling program are drill holes COD18-67 and COD18 -70
that intersected near-surface, high-grade gold, silver and tellurium in the southern extension of the
COD vein. COD18-67 intersected 1 29 grams per tonne ( g/t) gold, 1154 g/t silver & 823 g/t
tellurium over 7.28-meter core length while COD18-70 intersected 107 g/t gold, 880 g/t silver &
640 g/t tellurium over 6.90 -meter core length (News Releases of January 11, January 18 and
March 18, 2019) . The COD vein system has been traced by trenching and diamond drilling for
close to 400 meters along strike. The vein system is open along strike and at depth.
Intersections for 2017 and 2018 diamond drill holes at the C.O.D. vein include the following
(please refer to the Company’s website for News Releases announcing these results):
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Hole ID Interval Length (m) Gold (gpt) Silver (gpt) Te (gpt)
COD17-14 16.03 4.59 38.64
COD18-3 2.1 14.62 150.2 102
COD18-26 1.4 10.3 1.09 0.24
COD18-32 1.51 3.67 67.2 30.4
COD18-33 2.98 8.65 47.6 37.3
COD18-34 3.41 6.16 72.4 31
COD18-37 3.95 8.23 67.36 38.53
COD18-45 2.05 50.15 375
COD18-46 1.47 54.9 379
COD18-49 1.47 9.52 118 72.2
COD18-54 1.66 7.6 60.2 34.1
COD18-61 1.38 5.29 32.4 31.4
COD18-63 1.17 28 424.7 150.4
COD18-67 7.28 129.1 1,154.90 823
COD18-68 2.76 8.77 85.4 56.3
COD18-69 7.46 5.76 67.9 61.2
COD18-70 6.9 107.5 880 640
Other targets in the Gold Drop Southwest Zone include the COD north region . No previous
diamond drilling has been completed in this region . The 2018 trenching program exposed
numerous vein showings with g rab samples up to 15.45 g/t gold, 159 g/t sil ver Ag and 114.5 g/t
tellurium. A c hip sample (0.4 meters long ) returned 21.7 g/t gold, 216 g/t silver and 149 g/t
tellurium (News Release of February 27, 2019).
Data from the previous exploration programs is currently under review to identify other specific
exploration targets.
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The Company is also pleased to announce that it has arranged a non -brokered private placement
of 4.2 million flow through units at a price of Cdn$0.12 per unit for gross proceeds of $504,000.
Each Flow-Through Unit consists of one common share that qualifies as a “flow -through share”
as defined in subsection 66(15) of the Income Tax Act and one [non -]transferable common share
purchase warrant. Each whole warrant will enti tle the holder to purchase, for a period of 18
months from the date of issue, one additional non -flow-through common share of the Issuer at an
exercise price of Cdn$0.15 per share. The proceeds of the private placement will be used for
continued exploratio n work including diamond drilling and trenching at the Company’s Gold
Drop property near Greenwood in Southern British Columbia.
A finder's fee may be paid to eligible finders in accordance to the TSX -V policies. All securities
issued pursuant to the offering will be subject to a hold period of four months and one day from
the date of closing. The offerings and payment of finders' fees are both subject to approval by the
TSX-V.
David Martin, P.Geo., a Qualified Person as defined by NI 43 -101 and consultant for GGX Gold
Corp., 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
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
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information that are based on forecasts of future results, estimates of amounts not yet
determinable and assumptio ns 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 variati ons 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 ac hievements 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 estimat es 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 specul ative 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 mater ially 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 busines s
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 include d 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.
This press r elease shall not constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any state in the United States in which such
offer, solicitation or sale would be unlawful. The securities refe rred to herein have not been and
will not be registered under the United States Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable exemption from
registration requirements.