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 Diamond Drilling Intersects
8.65 g/t Gold & 47.6 g/t Silver Over 2.98 Meters at COD Vein
And
3.67 g/t Gold & 67.2 g/t Silver Over 1.51 Meters at COD Vein
Greenwood Gold Mining Camp, Southern British Columbia
______________________________________________________________________________________
Vancouver, British Columbia – July 25, 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
COD18-31 to COD18-33 which tested the COD Vein. The COD gold bearing vein is located in
the Gold Drop Southwest Zone.
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A highlight from these analytical results is an intersection of 8.65 grams per tonne (g/t) gold, 47.6
g/t silver and 37.3 g/t tellurium over 2.98 meter core length in hole COD18-33, including 13.8 g/t
gold, 46.2 g/t silver and 47.8 g/t tellurium over 0.90 meter core length . This gold-bearing interval
(quartz vein and adjacent altered granodiorite) in hole COD18 -33 is located at approximately 50
meter vertical depth and approximately 100 meters southwest of the area of 2017 trenching.
COD18-33 is located approximately 1 70 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 2018 drilling program to date has been mainly focused on test ing 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 drill ing 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 acr oss 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).
Previous drill core analytical results from the 2018 drilling program are reported in News
Releases of May 29, June 14, June 27, July 11 and July 19 . 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 analytical results listed below are highlights from drill holes DDCOD18-31 to DDCOD18-33
(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).
Hole ID From (m) To (m) Interval Length
(m) Au (g/t) Ag (g/t) Te (g/t)
COD18-32 44.09 45.60 1.51 3.67 67.2 30.4
COD18-33 58.52 61.50 2.98 8.65 47.6 37.3
including 58.52 59.93 1.41 7.91 26.9 30.9
including 59.93 60.60 0.67 3.3 93.2 36.9
including 60.60 61.50 0.90 13.8 46.2 47.8
The interval of 44.09 -45.60 meters in COD18 -32 is quartz vein / quartz breccia with some
silicified granodiorite in the lower part of the section. The interval of 58.52 -61.50 meters in
COD18-33 is altered granodiorite (58.52-59.93 meters) and quartz vein (59.93-61.50 meters).
Drill core from the 2018 program was geologically logged and s ampled. 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.
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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
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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 lim itation, 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, assumptio ns 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 g oals, 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 regu latory 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; fluctu ating 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 d iscovered 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 fa ilure 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 Vent ure Exchange) accepts responsibility for the adequacy or accuracy of
this release.