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GGX Gold Phase One Drilling on the Gold Drop Property Underway Historic Gold Mining Camp Greenwood BC
VANCOUVER, BC / ACCESSWIRE / July 11, 2017 / GGX Gold Corp. (TSX-V: GGX) (the "Company" or "G...
About this update from Ggx Gold Corp.
[{"type":"text","content":"GGX Gold Phase One Drilling on the Gold Drop Property Underway Historic Gold Mining Camp Greenwood BCVANCOUVER, BC / ACCESSWIRE / July 11, 2017 / GGX Gold Corp. (TSX-V: GGX) (the \"Company\" or \"GGX\") is pleased to announce the commencement of the 2017 drilling program on the High-Grade Gold Drop property, located near Greenwood BC.\nPhase one of the drill program targets the COD vein in the Gold Drop Southwest zone. The vein being targeted is the Dentonia/Jewel style quartz vein called the C.O.D. The 2017 prospecting program returned grab samples of upwards to 19.6 g/t Au on the Claire extension. To date, 200 meters of trenching has since exposed over 160m of vein. There are 15 proposed drill holes targeting the vein from 5 drill pads at various locations along the long trench. The drill has successfully mobilized to the first drill pad and drilling has begun.\nTo view the image of a drill area, please click on the following link:\nhttps://www.accesswire.com/uploads/17611_ggxgoldimage1.jpg\n\nThe Gold Drop property covers geologically prospective ground in the well-mineralized Greenwood Mining Division. The property hosts numerous low-sulfide, gold and silver bearing quartz veins or vein systems, four of which were previously mined (Gold Drop, North Star, Amandy and Roderick Dhu veins).\nTo view the map of the Southwest Zone, please click on the following link:\nhttps://www.accesswire.com/uploads/17611_ggxgoldimage2.png\nJune 2017 Trenching at Gold Drop Southwest Zone (area of historic C.O.D shaft)\nThe Company also wishes to advise all subscribers and finders from its private placements that took place during the period from June to October 2016 that the Company is accelerating the term of these warrants. The term of the $0.20 warrants associated with these placements may be accelerated in the event that the issuer's shares trade at or above a price of $0.25 per share for a period of 10 consecutive days. During late October 2016 after the final closing, the shares of the Company traded in this range. The warrants being accelerated at $0.20 are attached to the $0.15 private placements that took place over the period. Warrant holders now have 30 days to exercise their warrants or they will be terminated.\nOn Behalf of the Board of Directors,\nBarry Brown, Director604-488-3900\nForward-Looking Information\nThis news release inc...