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 Begins Diamond Drilling Program
On the Gold Drop Property, Southern British Columbia
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Vancouver, British Columbia – April 15, 2019 – GGX Gold Corp. (TSX-v: GGX), (OTCQB:
GGXXF), (FRA: 3SR2) (the “Company” or “ GGX”) is pleased to announce it has begun the
spring 2019 diamond drilling program on the Gold Drop Property , located in Southern British
Columbia. The drilling program will focus on the C.O.D vein located in the Gold Drop Southwest
Zone. The Company intersected near-surface, high- grade gold, silver and tellurium within the
C.O.D vein during 2018 diamond drilling, including:
• 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 meters core length.
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GGX is kicking off its 2019 exploration program with drilling on the C.O.D vein (C.O.D stands for
“Continuation of Dentonia”; the Dentonia is another gold -quartz vein in the camp that was
historically mined). The C.O.D vein w as first targeted by GGX in 2017. Initial sampling of the
vein justified follow -up trenching and drilling. In 2018, the drilling program followed on a nd
included a series of holes drilled to the south of the C.O.D trench that successfully extended the
vein for a total length of nearly 400 meters and intersected high grade mineralization. The assay
results (please refer to the Company’s website for News Releases announcing these results) include
the following highlights:
Hole ID Interval Length 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 0.2
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 31.0
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 7.28 129.11 1,154.90 823.0
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
For 2019, the drilling will be initially aimed at extending and in-filling the ore shoot of high-grade
gold-silver-tellurium mineralization that was intersected in 2018. Following this, the Everest vein
to the south, and the C.O.D. extension to the north will be drill-tested.
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
C.O.D 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 C.O.D. vein system is open along strike and at depth.
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No previous diamond drilling has been completed at the C.O.D. extension to the north . The 2018
trenching program exposed numerous vein showings with g rab samples up to 15.45 g/t gold, 159
g/t silver Ag and 114.5 g/t tellurium. A chip 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).
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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 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
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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
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.
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.