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 Initiates Fall Drill Program
On the Gold Drop Property
Southern British Columbia
______________________________________________________________________________________
Vancouver, British Columbia – Oct 30, 2018 – GGX Gold Corp. (TSX-v: GGX), (OTCQB:
GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to announce it has commenced
the fall 2018 diamond drilling program on the Gold Drop Property near Greenwood, southern
British Columbia. The program will focus on the gold bearing COD Vein, located in the Gold Drop
Southwest Zone. Highlights for the Gold Drop Property, including COD Vein include:
• 2017 and 2018 drill intersections (core length) of 50.1 g/t gold over 2.05 meters, 54.9
g/t gold over 1.47 meters and 4.59 g/t gold over 16.03 meters at COD Vein.
• Gold and silver bearing quartz veins in multiple regions of the property with high
grade gold reported (samples exceeding 1 oz. / ton gold reported).
• Historic gold and silver production at the Gold Drop, North Star, Amandy and
Roderick Dhu vein systems.
2
The objective of the diamond drilling program is to follow up on the high grade intersections in the
COD Vein system, specifically in the area of earlier 2018 drill holes COD18-45 and COD18-46.
Hole COD18-45 intersected of 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05 meter
core length, including 167.5 g/t gold, 1,370 g/t silver and >500 g/t telluri um over 0.46 meter core
length (News Release of August 15, 2018) . COD18-46 intersected 54.9 g/t gold and 379 g/t silver
over a 1.47 meter core length , including 223 g/t gold, 1,535 g/t silver and greater than 500 g/t
tellurium over a 0.30 meter core length (News Release of August 22, 2018).
The current drill program will test the continuation of gold mineralization at depth below the
intersections of drill holes COD18-45 and COD18-46 and to the south of these holes.
Gold bearing quartz vein with high grade gold in drill hole COD18-45
(50.1 g/t gold over 2.05meters)
Both COD18 -45 and COD18 -46 are approximately 160 meters southwest of the area of 2017
trenching at the COD Vein and approximately 220 meters southwest of drill hole COD17-14 which
intersected 4.59 g/t gold over 16.03 meter core length, including 10.96 g/t gold over 5.97 meter
core length (News Release of September 7, 2017).
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
3
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 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 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
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 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
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
4
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 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.