GGX Gold Corp (CVE:GGX) (OTCQB:GGXXF) (FRA:3SR2) announced Thursday further results of its 2020 exploration program at the Gold Drop property in the Greenwood Mining Camp of south-central British Columbia.
The company said assay results were received for drill holes 8 to 10 on the COD vein and two surface rock chip samples from the property.
Highlights from the drill core assays include 27.7 grams per tonne (g/t) gold over 1.18 meters (m) in hole 10, and 11.95 g/t gold over 0.59m in hole 9.
READ: GGX Gold provides update on exploration drilling program at Gold Drop property in Greenwood Mining Camp of British Columbia
The weighted average for the intercept from 17.57m to 21.8m in hole COD20-10 is 4.23m grading 8.75 g/t.
The company also said holes COD20-09 and 10 were drilled to test the northern limit of an area of high-grade mineralization that was discovered in 2018 and drilled that year and in 2019.
GGX said the significant results for these holes indicate that the mineralized zone extends a few meters further north than previously defined. Hole 8 was drilled slightly deeper and intersected only clay altered granodiorite with no significant gold values, possibly indicating the mineralized zone terminates within a faulted zone at depth.
The company also said that the highlight from the surface rock chip samples is a 15.2 g/t gold plus 99.9 g/t silver assay from a grab sample of quartz that was turned up during the trenching on the Lively vein.
In 2020, the Lively vein was exposed by trenching along strike for 29.5m before it disappeared under thick overburden. The vein exposed in the trench ranged up to 0.2 meters in width and averaged 1.89 g/t gold
GGX said the significant gold assay just received is for a sample collected from a large boulder that appears unlike the Lively vein (larger in width and higher grade). Further investigation is warranted to determine if this quartz boulder possibly originated from a different vein located nearby.
Analytical results are pending for the remaining holes drilled on the COD structure and several holes drilled on the Perky vein, the company added.
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