GGX Gold shares surge as it hails positive results from this year's sampling and trenching at Gold Drop
Another chip sample , which is 0.4 meters (m) long showed 21.7 g/t gold, 216 g/t silver and 149 g/t tellurium
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GGX Gold Corp's Gold Drop property in situated in one of the most prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp. The current 2019 drill program is following up on the 2018 drilling which intercepted high grade gold-silver results (129 g/t gold and 1,154 g/t silver over 7.28 meters) from the near surface COD vein which is projected to be 1.5 km in length. In addition tellurium grades were announced with up to 3,860 g/t tellurium, including 823 g/t tellurium over 7.28-meter core length and 640 g/t tellurium over 6.90-meter core length.
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Another chip sample , which is 0.4 meters (m) long showed 21.7 g/t gold, 216 g/t silver and 149 g/t tellurium
The Vancouver-based group recently completed the first three diamond drill holes of the 2018 programme at its Gold Drop property near Greenwood, British Columbia
It is following up on results from the 2018 winter-spring drill program which tested the southern extension of the COD vein
The work will focus on the gold bearing COD Vein, located in the Gold Drop Southwest Zone
The majority of the drill holes tested the COD vein with significant levels of gold, silver and tellurium intersected in numerous holes, as reported in news releases throughout the year
The focus of the fall 2018 trenching program is the Silent Friend and Ken gold-bearing veins near the Gold Drop and North Star systems in the area
The extension was discovered via a combination of a 2017 soil geochemical survey and follow-up trenching
The highlight was 12.45 grams per tonne (g/t) gold and 121 g/t silver over 0.85-metre core length in one hole in the Everest vein
The firm's 2018 drilling programme has focused on testing and defining the COD vein
This vein is in the Gold Drop Southwest Zone, and high grade gold has been confirmed within the vein during the 2018 program
"We are pleased to have obtained DTC eligibility," said Barry Brown, president and chief executive
Today's assays are from holes COD18-46 to COD18-48, which also tested the COD vein..
The highlight was an intercept of 50.1 g/t gold and 375 g/t silver over 2.05m (meter) core length in one hole
Within the intersection on hole COD18-37 there was a 1.05-metre section containing 18.15 grams per tonne (g/t) gold, 137 g/t silver and 76 g/t tellurium plus a 0.32-metre section containing 21/8 g/t gold, 165 g/t silver and 101.5 g/t tellur
A highlight was an intersection of 6.16 grams per tonne (g/t) gold, 72.4 g/t silver and 31.0 g/t tellurium
The 2018 drilling program has so far been mainly focused on testing and defining the COD vein
A highlight from these analytical results was an intersection of 11.3 grams per tonne (g/t) gold
Today's results are highlights from seven holes, which tested under the southern part of the 2017 trench
The resource company said it now had sufficient funds to complete its planned summer exploration program on the Gold Drop property
The test showed that minerals could be successfully concentrated using the gold shaker table technique.