GGX Gold Corp. (TSX-V:GGX) said it has initiated a review of targets at its Gold Drop property in the Greenwood Mining Camp of British Columbia.
The review is focused on tellurium-enriched gold veins. Tellurium is on Canada's list of 31 critical minerals, with applications in solar power and thermoelectric devices.
"Critical minerals are essential to powering the clean energy transition to a low-carbon and digitalized economy,” GGX Gold CEO Barry Brown said in a statement. “Current projections for significantly increased demand of critical minerals are far overwhelming current supply.”
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He added: “Canada has made it a priority to foster domestic critical mineral exploration, and GGX Gold Corp will endeavor to take full advantage of the opportunity that lies ahead with a focus on tellurium as well as gold."
A review of previous analytical results shows that elevated tellurium is associated with high gold concentrations in the COD, Perky, and Ken veins, the company said. However, tellurium analyses were not routinely performed prior to 2018.
A comprehensive review of tellurium results is underway and a plan for re-sampling is being laid out to quantify the concentrations, the GGX Gold added.
The area surrounding the gold-tellurium enriched COD, Perky and Everest veins is of particular interest because several lineaments have been identified recently on the digital elevation model that strike parallel to the COD vein, the company noted. These lineaments are interpreted as fractures and faults that could host parallel gold-tellurium-bearing veins.
The lineaments are being targeted for detailed surface evaluation in 2023, using focused geochemical surveys. Drilling targets are being re-evaluated for 2023 as well.
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