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 Discovers Extension of Gold Drop Vein
During 2018 Trenching Program
Gold Drop Property, Southern British Columbia
______________________________________________________________________________________
Vancouver, British Columbia – September 19 , 201 8 – GGX Go ld Corp. (TSX -v: GGX),
(OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “ GGX”) is pleased to announce it has
discovered a n extension of the Gold Drop Vein System south of underground workings on its
Gold Drop property near Greenwood, B.C.
The vein extension was discovered by
the Company through a combination
of a 2017 soil geochemical survey and
follow-up tren ching during the 2018
summer exploration program. A quartz
vein was exposed over a 20 meter
length in a 2018 trench south of the
Gold Drop underground workings.
Historic production from the Gold
Drop Vein System is reported to be
335 tonnes mined during 1926-1988
(mainly during 1933 -1941) with 5,020
grams of gold (14.99 g/t gold) and
35,894 grams of silver (107.1 g/t
silver) recovered.
The Gold Drop Vein System, located
in the east region of the property, had
been previously traced in underground
workings for a strike length of
approximately 160 meters. It was
explored and developed underground
through drifts, shafts and two adits.
The area south of the Gold Drop Vein
has seen historical exploration through
numerous pits and hand trenches.
Historical exploration failed to locate
the southern extension of the Gold
Drop Vein System.
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In 2017 the Company conducted a small soil geochemical sampling program south of the Gold
Drop underground workings. The program consisted of three short east -west soil lines spaced 25
apart with staggered 20 meter sample intervals. A distinct linear gold anomaly was identified
being approximately 50 meters long, trending approximately north -south and being
approximately 50-100 meters south of the Gold Drop underground workings.
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2017 Soil geochemical samples (gold anomalies)
A trench was excavated during the 2018 summer exploration program across the anomaly . The
trench successfully located a quartz vein. The quar tz vein has so far been traced for 20 m eters.
The vein pinches and swells within the trench exposure with measured widths of approximately
0.6 meters to approximately 2 meters. The vein trends approximately north -south. The vein was
observed to be sporadically mineralized with pyrite, chalcopyrite and trace amounts of galena.
Company management is very excited by this new discovery . Channel sampling and further
trenching are planned for this area.
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
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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
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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 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.