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    Rangers 1-year deals with Gold Glovers Gallo, Kiner-Falefa

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GGX Gold Corp provides an update on its exploration drilling program at the Gold Drop property in the Greenwood Mining Camp of British Columbia

admin by admin
January 14, 2021
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GGX Gold Corp provides an update on its exploration drilling program at the Gold Drop property in the Greenwood Mining Camp of British Columbia
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Diamond drilling is now full on the property, with a complete of three,865 metres drilled in 37 holes 

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GGX Gold Corp () (OTCQB:GGXXF) (FRA:3SR2) on Wednesday offered an replace on its exploration drilling program on the Gold Drop property within the Greenwood Mining Camp of south-central British Columbia.

The corporate mentioned diamond drilling is now full for the yr 2020 on the property. A complete of three,865 metres was drilled in 37 holes. 

This consists of one gap (AMT20-01) to check a deep geophysical porphyry goal at 786 metres (m), 19 holes at 1,894m drilled to check the COD vein construction, and 17 holes at 1,185m drilled to check the Perky vein.

READ: GGX Gold arranges non-brokered private placement of up to 2 million flow-through shares for gross proceeds of $320,000

GGX mentioned the Perky vein is a brand new discovery vein the place high-grade assay outcomes had been obtained from floor trenching. This vein is positioned 200m west of COD. Seize and channel pattern outcomes ranged as much as 54 grams per tonne gold (g/t), 303 g/t silver, and 134 g/t tellurium. 

Channel samples assays averaged 22.7g/t gold, 107.6 g/t silver, and 67.0 g/t tellurium over a sampled size of 10.3m.

GGX mentioned drilling was executed to check the Perky vein at shallow depths beneath the floor trench and two of those holes had been prolonged eastward beneath the projected extension of the COD vein. The drilling to this point on the Perky construction was optimistic in that a number of vein intersections had been obtained. Visually-best intercepts had been holes PKY20-07 and 08, which contained seen gold and pyrite telluride mineralization in quartz veins.

The corporate famous that all the assay outcomes for the 2020 program haven’t but been obtained. 

Outcomes had been obtained for AMT20-01 and the primary seven holes on the COD vein. A complete of 80 samples had been assayed for gap AMT20-01, which returned domestically anomalous gold values ranging as much as 0.53 g/t gold for intersections of quartz veinlets carrying pyrite. 

The primary seven holes on the COD vein had been drilled to check its depth extension, for which anomalous gold values ranging as much as 0.89 g/t gold had been obtained. Assays are pending for all remaining holes.

Further drilling is deliberate to additional discover the Perky and COD veins and to check the Vigorous and Rhoderick Dhu prospects. On the jap a part of the property, the Ken vein, which accommodates seen gold, stays to be examined. Three-dimensional modeling of the Gold Drop and North Star mine workings can also be underway from which extra drill targets can be generated.

Contact the writer: [email protected]veinvestors.com

Observe him on Twitter @PatrickMGraham



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