Vancouver, British Columbia – November 24, 2020 – GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) is pleased to provide an exploration update on its program at the Gold Drop property in the Greenwood Mining Camp of south-central British Columbia.
Diamond drilling is now commencing on the Perky vein, a new discovery vein, where promising assay results were obtained from surface trenching this year. Grab and channel sample results ranged up to54.0 grams per tonne gold, 303 grams per tonne silver and 397 grams per tonne tellurium. Channel samples assays averaged 22.7 grams per tonne gold, 107.6 grams per tonne silver and 67.0 grams per tonnes tellurium over a sampled length of 10.3 metres (refer to news release dated November 11).
Photo of Perky vein (red outline) exposed in surface trench.
The Perky vein is a parallel structure to the C.O.D. vein, where most of the drilling has been completed on the property to date. It is located 200 metres west of C.O.D., is vertically dipping, strikes northwest and is exposed over a strike length of 13.8 metres with an average width of 0.44 metres.
The drilling will initially test the vein at shallow depths beneath the surface trench and then follow the structure to increasing depths and along strike.
Photo mosaic of Perky trench showing vein outline (red) and sample results.
Map of Gold Drop Property showing areas of interest.
Analyses disclosed in this release were conducted by ALS Global – Geochemistry Analytical Lab in North Vancouver, BC, Canada. ALS is an independent, fully accredited commercial laboratory. Gold was determined by the fire assay method using a 50-gram sample weight and AA finish, with over-limits checked using a 50-gram sample weight and gravimetric finish. Other metals were analyzed as part of a 48-element package using a four-acid digestion and determination by ICP-MS.
David Martin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, approved the technical information in this release.
On Behalf of the Board of Directors
Barry Brown, CEO
604-488-3900
Office@GGXgold.com
