GGX Gold Drilling Intersects Gold And Silver At COD Vein 

 

VANCOUVER, BC - GGX Gold Corp. reported 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 COD18-27 to COD18-30 which tested the COD Vein and drill holes EVE18-5 and EVE18-6 which tested the Everest Vein. Both the COD and Everest gold bearing veins are located in the Gold Drop Southwest Zone. A highlight from these analytical results is an intersection of 11.3 grams per tonne (g/t) gold, 125 g/t silver and 69.3 g/t tellurium over 0.51 meter core length in hole COD18-28. This gold-bearing interval (quartz vein within altered granodiorite) in hole COD18-28 is located approximately 50 meters southwest of the area of 2017 trenching.  COD18-28 is located approximately 120 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. Another highlight from the recently received analytical results is an intersection of 10.55 g/t gold, 98 g/t silver and 82 g/t tellurium over 0.45 meter core length in hole EVE18-5. This gold bearing intersection is a quartz breccia.   The 2018 drilling program to date has been mainly focused on testing 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 drilling 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 across 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. 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 DDCOD18-27 to DDCOD18-30, testing the continuation of the COD Vein south-southwest of the 2017 trench, and drill holes EVE18-5 and EVE18-6, testing the Everest Vein. Drill holes COD18-27 through COD18-30 of the 2018 drilling program tested 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). The intervals listed in the table below are from the gold, silver and tellurium bearing vein and / or adjacent low grade mineralized host rock. 

Drill core from the 2018 program was geologically logged and sampled. 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.