Stockwatch - Gold Summary for March 16, 2018 Gold Summary for March 16, 2018
2018-03-16 20:30 ET - Market Summary
by Stockwatch Business Reporter
Barry Brown's GGX Gold Corp. (GGX), up two cents to 12.5 cents on 218,000 shares, has completed another three holes of its phase 3 drill program on the Gold Drop property in south-central British Columbia. The company has now completed six holes in the current program, testing the COD vein at depth. About 1,000 metres are planned in this phase of work as a follow-up on the 1,500 metres of drilling completed last year. The first phase included 762 metres across 15 holes; the second phase spanned 690 metres across another 12 holes. The assays from last year's drilling yielded several high-grade hits over narrow intervals, including 24.1 grams of gold and 192 grams of silver across 0.48 metre and 10.96 grams of gold and 89.86 grams of silver across 5.97 metres.
Assays are still pending from the first six holes of the 2018 drilling, but Mr. Brown, president and CEO, says that the tests encountered mineralized zones with widths roughly comparable to those obtained last year. The phase 3 drilling continues.
The North Vancouver-based Mr. Brown, an active Howe Streeter, has been president and CEO since just after the company changed its name to GGX from Revolver Resources Inc. late in 2016. The old moniker was more apt, at least at the time, as the company's corner office had a revolving door. Mr. Brown had replaced Dan Stuart, who had replaced Robert Birmingham after just two months on the job. Mr. Birmingham had replaced Roy Davis, who lasted a year. It is not a lucrative role: Mr. Brown got less than $10,000 in fees last year and the last fellow to earn a living wage was Mr. Birmingham, who collected $127,000 in 2014.