Shares in GGX Gold Corp. (CVE:GGX, OTCQB:GGXXF) added 8% in Toronto as the firm released the latest drill assays from the Gold Drop property in Greenwood, British Columbia.
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 over 3.41m (meter) core length in one hole.
This gold-bearing interval lies around 25-metres in vertical depth and approximately 115 metres southwest of the area of 2017 trenching.
And this hole, which housed this intersection, lies around 180 metres southwest of another hole, which hit 4.59 g/t gold over 16.03 metres, including 10.96 g/t gold over 5.97 metres.
The 2018 drilling program has so far been mainly focused on testing and defining the COD vein, which is a Dentonia/Jewel-style quartz vein, located in the southwest zone.
Options
The firm also announced today it has granted 1mln options at an exercise price of 15 cents.
The options are exercisable for five years and will be cancelled 30 days after the cessation of acting as a director, officer, employee or consultant of the company.
GGX shares in Toronto gained 8% to stand at C$0.135.