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GGX Gold Starts Drilling to Test Deep Geophysical Target - Historic Gold Mining Camp - Greenwood BC
VANCOUVER, BC / ACCESSWIRE / October 1, 2019 / GGX Gold Corp. (TSXV:GGX)(OTCQB:GGXXF)(FRA:3S...
About this update from Ggx Gold Corp.
[{"type":"text","content":"GGX Gold Starts Drilling to Test Deep Geophysical Target - Historic Gold Mining Camp - Greenwood BCVANCOUVER, BC / ACCESSWIRE / October 1, 2019 / GGX Gold Corp. (TSXV:GGX)(OTCQB:GGXXF)(FRA:3SR2) (the \"Company\" or \"GGX\") is pleased to announce that it has now commenced drilling to test a large, deep geophysical anomaly at its Gold Drop property in the Greenwood Mining Camp.A drill is now setup on the first of three sites designed to test a large, deep geophysical anomaly. As previously announced in a news release dated July 24, an airborne audio magnetotelluric (AMT) geophysical anomaly was identified on the property by Earth Science Services Corporation of Oshawa, Ontario (ESSCO). The anomaly is interpreted as a pipe-like structure that measures 1834 by 1377 metres, with a target zone at depths between 500 and 800 metres. Three drill holes are planned to test this anomaly at different directions from separate locations. The target is a porphyry-type copper gold deposit. For more information, see the video posted on the corporate website.The anomaly is located at the intersection of corridors identified as \"conduit-fault-structural traces\". Two of these are coincident with the trend of the C.O.D. vein system and a probable NW-trending cross-fault. The correlation of anomaly corridors with known geological features provides some confidence in the result.Drilling at the C.O.D. vein and C.O.D. North vein has been halted, and the rig was moved to a new site selected to test the AMT geophysical anomaly. As of September 26, a total of 2,486 metres have been drilled in 49 holes on the main C.O.D. vein, and an additional 705.2 metres drilled in 10 holes on the COD North vein and one hole on the Everest vein. Assay results are pending.David Martin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, approved the technical information in this release.The Company also announces the resignation of Mr. George Sookochoff as President. The Company would like to thank Mr. Sookochoff for his time and wish him well in his future endeavours. Mr. Barry Brown current CEO and director, of the Company will assume the duties of President.On Behalf of the Board of DirectorsBarry [email protected] Relations:Mr. Jack Singh,604-488-3900,[email protected] Looking StatementThis...