GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) has once more posted encouraging drill assays from its flagship Gold Drop property in the renowned Greenwood Mining Camp in British Columbia, which shows potentially economic mineralization at the COD vein.
The Greenwood camp has generated 1.4 million ounces of gold, 10 million ounces silver and 0.7 billion pounds of copper over the years.
READ: GGX Gold unveils more positive drill assays from Gold Drop property in Greenwood Camp
Highlight assays posted today included an intercept of 0.30 metres (m) with 102 grams per ton (g/t) gold and 1,185 g/t silver and 418 parts per million (ppm) tellurium from a depth of 24.75 m on one hole.
Another showed 21.6 g/t gold, 193 g/t silver and 124.5 ppm tellurium in an intercept of 0.37m from 26.61 m depth.
It follows results, posted earlier this month, from the first ten holes at Gold Drop, which included an intercept of 0.38 m from around 28 m depth at 145 grams per ton (g/t) gold, 1,430 g/t silver and greater than 500 parts per million (ppm) tellurium.
Gold Drop is a high-grade, near-surface asset, which was mined intermittently from 1919 to the 1980s.
Previous production came in at 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 output pre-dating 1942.
Shares were unchanged in Toronto at C$0.165 each.
Contact the author at giles@proactiveinvestors.com