Tellurium’s Unique Value
Tellurium’s Unique Value
Vancouver, British Columbia – March 28, 2019 – GGX GOLD CORP. (TSX.v: GGX) (OTCQB:
GGXXF) (the “Company” or “GGX”) After GGX Gold released its high‐grade tellurium results the
company received numerous enquiries asking for information abou t Tellurium and its uses.
COD18‐67: 129 g/t gold, 1,154 g/t silver and 823 g/t tellurium over 7.28‐metre core
length.
COD18‐70: 107 g/t gold, 880 g/t silver and 640 g/t tellurium over 6.90‐metre core
length.
Tellurium Facts
Tellurium on list of 35 critical mineral commodities deemed critical to security and
prosperity of the United States.
Pending tellurium shortages due to traditional recovery methods becoming obsolete.
Tellurium is a chemical element with symbol Te and atomic numbe r 52. It is a brittle, rare, silver‐
white metalloid. It is extremely rare in the Earth's crust, comparable to that of platinum.
The U.S. Geological Survey Fact Sheet, Tellurium —The Bright Future of Solar Energy explains
that tellurium’s primary use is for manufacturing films essential to thin film photovoltaic solar
cells. When alloyed with other elements such as cadmium, tellurium forms a compound that
exhibits enhanced electrical conductivity. A thin film can effi ciently absorb sunlight and convert
it into electricity.
The past decade has seen an explosive growth in the
production of thin film solar panels. According to
Global Market Insights, thin film cadmium telluride
solar panel production which today accounts for 40%
of Tellurium consumption is expected to grow from $8
billion in 2016 to over $30 billion by 2024. At present
there are dozens of large‐scale solar farms built or
underway throughout the world. These massive solar
farms mainly utilize advanced thin film cadmium
telluride technology. In addition, many corporations,
institutions, schools and universities are building solar
arrays.
Pictured below is a section of India’s giant Pavagada
Solar Park. Covering an area of 13,000 acres and achieving an output of 2,700 Mega Watts,
Pavagada is currently the world’s largest solar park.
March 28, 2019 TSX.v : GGX
FRA : 3SR2
OTCQB : GGXXF
GGX Gold News Release
In addition to its burgeoning use in the solar power industry and its metallurgical applications
with copper and stainless steel, Tellurium is finding new uses in the semi‐conductor industry for
example in the new phase change memory chips developed by Intel.
As the use of Tellurium in thin film solar applications grows, governments and industry have
expressed concerns about the supply of tellurium to meet future demand. Most of the world’s
tellurium comes from copper refining. However, the United States Geological Survey (USGS) has
noted that, due to declining copper grades worldwide, “New copper recovery processes…are
being considered for implementation, but these methods do not recover tellurium. As a result,
alternative sources for this critical element must be considered.”
David Martin, PGeo, a qualified person as defined by National Instrument 43‐101 and consultant
for GGX Gold, is responsible for the technical information contained in this news release.
On Behalf of the Board of Directors
Barry Brown, President,
604‐488‐3900
Investor Relations: Mr. Jack Singh, 604‐720‐6598, [email protected]
“We don’t have to do this,
we get to do this”
~The Crew
GGX Gold News Release
Forward Looking Statement
This News Release may contain forward‐looking statements includ ing but not limited to
comments regarding the acquisition of certain mineral claims. Forward‐looking statements
address future events and conditions and therefore involve inhe rent risks and uncertainties.
Actual results may differ materially from those currently antic ipated in such statements and
Revolver undertakes no obligation to update such statements, except as required by law.
Forward‐looking statements are based on the then‐current expectations, beliefs, assumptions,
estimates and forecasts about the business and the industry and markets in which the Company
operates, including that: the current price of and demand for m inerals being targeted by the
Company will be sustained or will improve; the Company will be able to obtain required
exploration licences and other permits; general business and economic conditions will not
change in a material adverse manner; financing will be available i f a n d w h e n n e e d e d o n
reasonable terms; the Company w ill not experience any material accident; and the Company
will be able to identify and acquire additional mineral interes ts on reasonable terms or at all.
F o r w a r d ‐ l o o k i n g s t a t e m e n t s a r e n o t g u a r a n t e e s o f f u t u r e p e r f o r ma n c e a n d i n v o l v e r i s k s ,
uncertainties and assumptions which are difficult to predict. I nvestors are cautioned that all
forward‐looking statements involve risks and uncertainties, 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; fluctuations in currency exchange rates; fluctuating p r i c e s o f c o m m o d i t i e s ;
operating hazards and risks; competition; potential inability t o find suitable acquisition
opportunities and/or complete the same; and other risks and unc ertainties listed in the
Company’s public filings. These risks, as well as others, could cause actual results and events to
vary significantly. Accordingly, readers should not place undue reliance on forward‐looking
statements and information, which are qualified in their entirety by this cautionary statement.
There can be no assurance that f orward‐looking information, or the material factors or
assumptions used to develop such forward looking information, w ill prove to be accurate. The
Company does not undertake any obligations to release publicly any revisions for updating any
voluntary forward‐looking statements, except as required by applicable securities law.
GGX Gold News Release
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
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