GGX Gold Corp (CVE: GGX, OTCQB:GGXXF) has posted more encouraging drill results from its Gold Drop property in British Columbia.
The ongoing diamond drilling program is designed to test and define the COD vein, which the firm says, is a Dentonia/Jewel style quartz vein, in the Gold Drop Southwest zone.
The latest highlight results include 7.44 grams per tonne (g/t) gold, 54.9 g/t silver and 41.6 g/t tellurium over a 0.45-metre core length in one hole in the COD vein.
Previous results from two holes had highlights of 14.6 g/t gold, 150 g/t silver and 102 g/t tellurium over a 2.1-metre core length in one hole.
The drill core is being geologically logged and sampled at the Greenwood facility.
Last year, the company received analytical results for 68 trench channel samples collected at the COD vein.
These samples returned anomalous to high grade values for gold, including high values of 43.2 grams per tonne (g/t) gold and 224 g/t (grams per ton) silver.
The first batch of 2017 drill core samples for the COD vein returned up to 24.1 g/t gold and 192 g/t silver, while the second batch of drill core samples also returned significant gold and silver values.
GGX shares eased 10% in Toronto to C$0.09.