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GGX Gold Corp. V.GGX

Alternate Symbol(s):  GGXXF

GGX Gold Corp. is a Canada-based company, which is engaged in the acquisition, exploration, and development of mineral properties. The Company is focusing its financial resources on the Gold Drop property option. Gold Drop property is situated in prolific gold-copper mining camps of North America, the Greenwood-Republic mining camp. The Greenwood mining camp is located in southern British Columbia, which has produced 1.4 million ounces of gold, 10 million ounces of silver and 0.7 billion pounds of copper.


TSXV:GGX - Post by User

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Post by NickCarpathiaon Feb 20, 2014 9:41am
175 Views
Post# 22229367

NEWS RELEASE

NEWS RELEASEVANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 20, 2014) - Revolver Resources Inc. ("Revolver") (TSX VENTURE:RZ) is releasing the assay results of the first two of its three diamond drill holes program on its Summit B property. The 1,394 hectare (3,446 acre) Summit B property is located in the Iskut area of northwestern British Columbia, Canada, and is contiguous with Colorado Resources Ltd.'s ("Colorado") North Rok copper-gold property (the "North Rok Property"). The Company is pleased to announce the preliminary assay results of two DDH (SUMB-02 and SUMB-05), distanced by 1 km, revealing several intersections of copper mineralization associated with quartz-carbonate veins and fracture filling. Best results produced intercepts of 6.3 m @ 0.43 wt. % Cu (SUMB-02), 1.2 m @ 0.18 wt. % Cu and 0.3 m @ 0.25 wt. % Cu (SUMB-05) (The lengths of the intervals do not represent true stratigraphic lengths). The drill holes intersected a folded, fractured and sheared assemblage of Permian basic-intermediate volcanic rocks interstratified with thin shale, phyllite, schist and siltsone layers. A significant number of pyrite±chalcopyrite-bearing quartz-carbonate (calcite-ankerite-dolomite) veins were encountered throughout the core with numerous pyrite±chalcopyrite fracture and fault-fillings especially at depth greater than 200 m. The copper mineralization is associated with the core of a 2 km x 500 m NW-oriented high-chargeability/low resistivity anomaly bounded by NW-striking high angle faults (see Revolver Resources press release of November 8, 2013). Cu-bearing zones extend in a northwesterly direction for at least 1 km, whereas an arsenic-copper-gold-rich system is exposed at the periphery of the anomaly, especially on the southeastern segment of the property. Harsh winter conditions, rugged terrain and the difficulty to obtain water prevented the investigation of this area. However, Revolver Resources still holds a drilling permit for at least four additional holes and expects to resume its drilling campaign on the Au-rich zone in the early summer months. Says Michel Boily, geo, PhD, President of Revolver Resources, "The preliminary drilling campaign on the Summit B property is very promising and indicates that copper mineralization extends for at least 1 km and is found in association with fractures, shears and quartz-carbonate veins at the core of an important chargeability anomaly. The three exploratory drillholes leave us with a better understanding of the geology, structure and distribution of base and precious metal mineralization. Revolver Resources will renew its exploration activities in the early summer by targeting gold-rich zones inaccessible during the winter season." Revolver commissioned Black Hawk Diamond Drilling Ltd. for the drilling operations. UTM Exploration Services from Smithers, BC perfomed the on-site management of drilling operations, core logging and core sampling. UTM established a strict protocol for the QA/QC program including the insertion of standards, blanks and duplicates into the sampling procedure. Assays were performed at the AGAT Laboratories using aqua regia digestion with ICP/ICP-MS finish for Cu and other metals and fire assay with ICP-OES finish for Au. The Company still waits the assay results of hole SUMB-03. Technical information in this news release has been prepared and/or revised by Michel Boily, geo, PhD. who is qualified person as defined in NI 43-101. For further information on Revolver please visit our website at www.revolverresources.com. ON BEHALF OF THE BOARD OF DIRECTORS Michel Boily, geo, PhD., President Read more at https://www.stockhouse.com/news/press-releases/2014/02/20/revolver-resources-unveils-first-assay-results-of-its-summit-b-drilling#HS0W75QfdcaPRykD.99
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