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GGX Gold Corp.
Summary
| Project: | Gold Drop | |
|---|---|---|
| Deposit: | Gold Drop | |
| Location: | Canada | |
| Commodities: | Gold-Silver-Tellurium | |
| Date: | 1/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-1-2020: GGX Gold Corp. announces an Exploration/Drilling Update report for its Gold Drop deposit at the Gold Drop project. Drilling results incl. 0.57m @ 2.48g/t Au, 24.2g/t Ag, 9.7ppm Te from 119.27m. Vancouver, British Columbia – January 6, 2020 –Gold | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Martin (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia – January 6, 2020 –Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) provides the following update on its exploration programs at its Gold Drop property in the Greenwood Mining Camp. Results are provided for the last hole drilled on the COD vein, surface prospecting samples, and the deep drill hole that tested a large geophysical anomaly. The last hole drilled on the COD vein, Hole COD19-49 was drilled to test the COD vein at depth below other holes drilled in 2019. This hole intersected two quartz veined zones containing pyrite that have elevated gold contents. Prospecting was done at the end of the field season for 2019 to evaluate targets for trenching and drilling in the coming year. One sample assayed 55.8 grams per tonne gold, 379 grams per tonne silver and 270 ppm tellurium. This grab sample was from a previously unknown occurrence of frost-heaved blocks of vein quartz containing pyrite. This site will be a priority for follow up trenching. Hole AMT19-01 was a designed to test a large geophysical anomaly and was drilled to a depth of 718.8 metres (2,358 feet). The core was logged for geological features and sampled at intervals ranging up to 3.05 metres in length. Geochemical results indicate elevated copper, zinc and iron between 90.31 and 718.7 metres (628 metres). Copper values averaged 249 ppm Cu in 38 of 62 samples that contained 100 ppm or greater copper, with values ranging from 102 to 837 ppm Cu. The highest copper value was for a 0.32 metre sample at 714.06 metres depth, where sulphide mineralization (pyrrhotite and pyrite) was observed. Zinc averaged 175 ppm Zn in 48 of 62 samples containing ppm 100 or greater zinc, with values ranging from 102 to 572 ppm Zn. Iron averaged 10.0% Fe in 48 of 62 samples containing 5% or greater iron, with values ranging from 5.27 to 12% Fe. | |
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