Ximen Mining Corp (CVE:XIM) (OTCMKTS:XXMMF) reported on a drilling update from GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) on the Gold Drop property in southern British Columbia.
The gold project is currently under an option agreement to GGX Gold and the partner posted Monday, more encouraging drill assays from its Gold Drop property in British Columbia, which included signs for the potential of a high-grade shoot.
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Monday's assays come from the final four drill holes of the diamond drilling program carried out in November last year.
One hole hit near-surface high-grade gold and silver with significant tellurium in the southwest part of the COD quartz vein. This intersection was significantly, near high-grade intersections in three more holes, indicating a "high grade ore shoot", the Vancouver-based company said.
Highlights assays from the latest holes included 107.5 g/t (grams per ton) gold and 880 g/t silver over 6.90 meters core length. There were multiple samples greater than the upper 500 g/t analytical limit for tellurium, the company noted.
The November program comprised 11 holes and tested the southwest region of the COD vein in an area of high-grade gold and silver mineralization.
The COD vein, which strikes roughly northeast-southwest, lies within the Gold Drop Southwest Zone. Before last year, drill holes in this part of the COD vein also hit near-surface high-grade gold and silver mineralization.
In the past, gold and silver production occurred at the Gold Drop, North Star, Amandy and Roderick Dhu vein systems.
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