Sign up Australia
Proactive Investors - Run By Investors For Investors

GGX Gold shares lift off as drill assays from Gold Drop property continue to impress

The 2018 drilling program has so far been mainly focused on testing and defining the COD vein
GGX Gold shares lift off as drill assays from Gold Drop property continue to impress
The property lies near Greenwood, British Columbia

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.

View full GGX profile View Profile

GGX Gold Corp. Timeline

Related Articles

picture of mine interior
August 09 2018
Caledonia retains operational control of Blanket and ownership of 49% of the mine in Zimbabwe
1511784968_shutterstock_249210421-(1).jpg
June 21 2018
The company's key operations are located in South Africa, Ghana and Kenya.
1520338767_shutterstock_130308137.jpg
March 07 2018
Viscount Mining is sitting on two highly prospective gold projects in the USA

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use