Shares in GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) surged Tuesday as it reported assays from this year's trenching and sampling program on its Gold Drop property in British Columbia, which included a find of 15.45 grams per tonne (g/t) gold.
Other highlights from the COD North included 159 g/t silver Ag (silver) and 114.5 g/t tellurium.
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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 resource group said.
The 2018 trenching program focused on the COD North worksite in the Gold Drop Southwest Zone and exposed several showings on the COD North quartz veins.
The program tested gold soil anomalies which were identified by GGX in 2017. The COD North worksite lies northeast of the COD vein worksite.
Gold Drop was mined intermittently from 1919 to the 1980s with historical production totaling 7,572 tonnes at an average grade of 5.2 grammes per tonne (g/t) of gold and 93.4 g/t of silver, with the majority of production prior to 1942.
The work being done currently is testing the COD vein in the Gold Drop Southwest Zone, following up on results from the 2018 winter-spring drill programme which tested the southern extension of the COD vein.
GGX Gold shares gained 10% to stand at $0.055.