VANCOUVER,BRITISH COLUMBIA / ACCESSWIRE / November 6, 2018 / GGX Gold Corp. (GGX.V),(GGXXF), (3SR2.F) (the "Company" or "GGX") is pleased to announceit has completed the initial 3 drill holes of the 2018 Fall diamond drillingprogram currently underway at its Gold Drop Property, near Greenwood, southernBritish Columbia. The programis targeting the gold bearing COD Vein, with the focus being an area of previoushigh grade gold drill intercepts.Highlights for the Gold Drop Property, including COD Vein are:
- 2017 and 2018 drill intersections (corelength) of 50.1 g/t gold over 2.05 meters; 54.9 g/t gold over 1.47 meters; and 4.59g/t gold over 16.03 meters at the COD Vein.
- Gold and silver bearing quartz veins inmultiple regions of the property with high grade gold reported (samplesexceeding 1 oz. / ton gold reported).
- Historic gold and silver production at theGold Drop, North Star, Amandy and Roderick Dhu vein systems.
The diamond drilling program is underwaytesting the COD Vein. The program is following up on results from the 2018 Winter-Springdrill program which tested the southern extension of the COD Vein. Two of thesouthernmost holes, COD18-45 and COD18-46, intersected high grade gold. COD18-45intersected of 50.1 grams per tonne (g/t) gold and 375 g/t silver over 2.05 metercore length including 167.5 g/t gold, 1,370 g/t silver and >500 g/ttellurium over 0.46 meter core length (News Release of August 15, 2018).COD18-46 intersected 54.9 g/t gold and 379 g/t silver over a 1.47 meter corelength, including 223 g/t gold, 1,535 g/t silver and greater than 500 g/t telluriumover a 0.30 meter core length (News Release of August 22, 2018).
The drilling is focusing on the area of drillholes COD18-45 and COD18-46. The objective is to trace the gold mineralization atdepth. Further holes are also planned to test for the vein to the south ofthese intercepts.
The drill core is currently being split andsecurely packaged for shipment to ALS laboratories in Vancouver, B.C. There thecore will be analyzed for gold by Fire Assay and for 48 elements by Four Acidand ICP-MS. Quality control (QC) samples are being inserted at regularintervals.
David Martin, P.Geo., a Qualified Person asdefined by NI 43-101, is responsible for the technical information contained inthis News Release.
To view the Original News release withpictures please go to the website or contact the company.
On Behalf of the Board of Directors,
Barry Brown, Director
InvestorRelations: Mr. Jack Singh,604-488-3900 ir@GGXgold.com
" We don’t have to do this, we get to dothis "
Forward Looking Information
This news release includes certain statementsthat constitute "forward-looking information" within the meaning of applicablesecurities law, including without limitation, the Company’s information andstatements regarding or inferring the future business, operations, financialperformance, prospects, and other plans, intentions, expectations, estimates,and beliefs of the Company. Such statements include statements regarding thecompletion of the proposed transactions. Forward-looking statements address futureevents and conditions and are necessarily based upon a number of estimates andassumptions. These statements relate to analyses and other information that arebased on forecasts of future results, estimates of amounts not yet determinableand assumptions of management. Any statements that express or involvediscussions with respect to predictions, expectations, beliefs, plans,projections, objectives, assumptions or future events or performance (often,but not always, using words or phrases such as "expects" or "does not expect","is expected", "anticipates" or "does not anticipate", "plans", "estimates" or"intends", or stating that certain actions, events or results "may", "could","would", "might" or "will" be taken, occur or be achieved), and variations ofsuch words, and similar expressions are not statements of historical fact andmay be forward-looking statements. Forward-looking statement are necessarilybased upon several factors that, if untrue, could cause the actual results,performances or achievements of the Company to be materially different fromfuture results, performances or achievements express or implied by suchstatements. Such statements and information are based on numerous assumptionsregarding present and future business strategies and the environment in whichthe Company will operate in the future, including the price of gold and othermetals, anticipated costs and the ability to achieve goals, and the Companywill be able to obtain required licenses and permits. While such estimates andassumptions are considered reasonable by the management of the Company, theyare inherently subject to significant business, economic, competitive andregulatory uncertainties and risks including that resource exploration anddevelopment is a speculative business; that environmental laws and regulationsmay become more onerous; that the Company may not be able to raise additionalfunds when necessary; fluctuating prices of metals; the possibility that futureexploration, development or mining results will not be consistent with theCompany’s expectations; operating hazards and risks; and competition. There canbe no assurance that economic resources will be discovered or developed at theGold Drop Property. Accordingly, actual results may differ materially fromthose currently anticipated in such statements. Factors that could cause actualresults to differ materially from those in forward looking statements includecontinued availability of capital and financing and general economic, market orbusiness conditions, the loss of key directors, employees, advisors orconsultants, equipment failures, litigation, competition, fees charged byservice providers and failure of counterparties to perform their contractualobligations. Investors are cautioned that forward-looking statements are notguarantees of future performance or events and, accordingly are cautioned notto put undue reliance on forward-looking statements due to the inherentuncertainty of such statements. The forward-looking statements included in thisnews release are made as of the date hereof and the Company disclaims anyintention or obligation to update or revise any forward-looking statements,whether as a result of new information, future events or otherwise, except asexpressly required by applicable securities legislation.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy ofthis release.
SOURCE:GGX Gold Corp.