Shares in GGX Gold Corp (CVE:GGX, OTCQB:GGXXF) raced up in Toronto as it unveiled more decent drilling assays from the Gold Drop property in Greenwood, British Columbia.
Shares gained 9.52% to stand at C$0.12 each.
The 2018 drilling program has so far been mainly focused on testing and defining the COD vein, which is a Dentonia/Jewel-style quartz vein, located in the southwest zone.
Today's results are from holes, which tested the continuation of the COD vein south-southwest of trenching last year, which exposed the northeast-southwest striking COD vein for a strike of over 160 metres.
A highlight from today's numbers was an intersection of 8.65 grams per tonne (g/t) gold, 47.6 g/t silver and 37.3 g/t tellurium over a 2.98 metre (m) in one hole.
That included 13.8 g/t (grams per ton) gold, 46.2 g/t silver and 47.8 g/t tellurium over 0.90m core length.
A highlight assay so far from all 2018 drilling to date was 14.62 g/t gold, 150.2 g/t silver and 102.0 g/t tellurium over 2.1 m core length in one hole at the COD vein.
GGX's Gold Drop mine has permits in place for 2018 drilling and trenching.
The current strategy is to prove up existing reserves and begin small scale production at the site.