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GGX Gold Corp - Diamond Drilling Update Gold Drop Property Greenwood BC
VANCOUVER, BC / ACCESSWIRE / January 13, 2021 / GGX Gold Corp. (TSXV:GGX)(OTCQB:GGXXF)(FRA:3...
About this update from Ggx Gold Corp.
[{"type":"text","content":"GGX Gold Corp - Diamond Drilling Update Gold Drop Property Greenwood BCVANCOUVER, BC / ACCESSWIRE / January 13, 2021 / GGX Gold Corp. (TSXV:GGX)(OTCQB:GGXXF)(FRA:3SR2) (the \"Company\" or \"GGX\") is pleased to provide an update on its exploration drilling program at the Gold Drop property in the Greenwood Mining Camp of south-central British Columbia.Diamond drilling is now complete for the year 2020 at the Gold Drop property. A total of 3,865 metres was drilled in 37 holes. This includes one hole (AMT20-01) to test a deep geophysical porphyry target (786 metres), 19 holes (1,894 Metres) drilled to test the C.O.D. vein structure, and 17 holes (1,185 metres) drilled to test the Perky vein.Map of Gold Drop Property showing areas of interest.The Perky vein is a new discovery vein where high-grade assay results were obtained from surface trenching. This vein is located 200 metres west of C.O.D Grab and channel sample results ranged up to 54.0 grams per tonne gold, 303 grams per tonne silver and 134.0 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). Drilling was done to test the Perky vein at shallow depths beneath the surface trench and two of these holes were extended eastward underneath the projected extension of the C.O.D. vein. The drilling to date on the Perky structure was positive in that multiple vein intersections were obtained. Visually, best intercepts were holes PKY20-07 and 08, which contained visible gold and pyrite +/- telluride mineralization in quartz veins (see table below).HoleFromToLengthMineralsPKY20-070.002.342.34gold, pyritePKY20-080.002.892.89gold, telluride, pyrite All of the assay results for the 2020 program have not yet been received. Results were received for AMT20-01 and the first 7 holes on the C.O.D. vein. A total of 80 samples were assayed for hole AMT20-01, which returned locally anomalous gold values ranging up to 0.53 grams per tonne gold for intersections of quartz veinlets carrying pyrite. The first 7 holes on the C.O.D. vein were drilled to test its depth extension, for which anomalous gold values ranging up to 0.89 grams per tonne gold were obtained. Assays are pending for all remaining holes.Additional drilling i...