GGX Gold Corp unveils more drill assays from Gold Drop; hits 8.71 g/t gold over 0.86m
The drilling is designed to test and further define the COD vein, which lies in the Gold Drop southwest zone
Company
CVE:GGX
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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The drilling is designed to test and further define the COD vein, which lies in the Gold Drop southwest zone
The company said funds will be used for exploration work, including diamond drilling and trenching at the company's Gold Drop project
Funds from the private placement will be used for general working capital and continued exploration work
Tilsley has over 40 years’ experience in minerals exploration, the company said
Funds raised will go towards advancing the Gold Drop project as well as working capital
GGX Gold Corp hae reported on the latest developments at its Gold Drop project in BC
The Gold Drop mine in Greenwood has permits in place for 2018 drilling and trenching
The core is currently being split and securely packaged for shipment to ALS laboratories in Vancouver where it will be analysed for gold
The Gold Drop mine in Greenwood has permits in place for 2018 drilling and trenching. GGX’s current strategy is to "prove up" existing reserves and begin small scale production on the Gold Drop mine.