Canadian Mining Journal

News

GOLD: GGX drills more high grade at Gold Drop



BRITISH COLUMBIA – GGX Gold continues to cut near surface high grade gold mineralization at its 56-km2 Gold Drop property near Greenwood in the southern part of the province.

The results come from a November 2018, 11-hole drill program where GGX tested the southwestern region of Gold Drop’s COD vein system.

Highlights from the latest assays include 129.1 g/t gold and 1,154.9 g/t silver over 7.2 metres from 23 metres downhole, including 232.1 g/t gold and 2,001.1 g/t silver over 3.13 metres from 24.5 metres downhole.

The company drilled its November holes within 25 metres of the previously drilled holes 45 and 46. Hole 45 cut 50.1 g/t gold and 375 g/t silver over 2.05 metres from 28 metres downhole and hole 46 cut 54.9 g/t gold and 379 g/t silver over 1.5 metres from 30 metres downhole.

Earlier results from the November 2018 drill campaign include 28 g/t gold and 424.7 g/t silver over 1.17 metres from 26 metres downhole.

Gold Drop was mined intermittently from 1919 to the 1980s, producing 7,572 tonnes averaging 5.2 g/t gold and 93.4 g/t silver. The property hosts eight known gold-bearing veins or vein systems.

Shares of GGX are currently trading at 12¢ with a 52-week range of 5¢ to 16¢. The company has a $5 million market capitalization.

This story first appeared on www.NorthernMiner.com.