GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) unveiled Tuesday more drill results from a number of holes at the Gold Drop project in British Columbia, which continue to confirm potentially economic mineralization in the COD vein.
In the statement, the firm provided significant results, which included an intersection of 0.40 metres (m) at 35.6 grams per ton gold (g/t), 180 g/t silver and 251 g/t tellurium.
READ: GGX Gold says first hole testing large anomaly at Gold Drop hit magnetite mineralization
Another highlight was 0.29 m at 50 g/t of the yellow metal and 501 g/t silver and 358 g/t tellurium, while another hole had 0.50 m at 116 g/t gold, 1,205 g/t silver and over 500 g/t tellurium.
It comes after last week, the group updated on the progress of its first hole at the Gold Drop project, which is testing a large, deep geophysical anomaly, and which has hit mineralization.
As reported previously, the structure was identified by air by Earth Science Services Corporation of Oshawa, Ontario (ESSCO) and is interpreted to be a pipe-like structure that measures 1,834 m by 1,377 m in width.
As at October 19, the hole had reached 658 m depth, said GGX, and after the first few hundred meters, mineralization was hit.
Shares added 6.9% to stand at C$0.16 in Toronto.
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Contact the author at giles@proactiveinvestors.com