Stockwatch Coverage - Gold Summary for Aug. 15, 2018
Gold Summary for Aug. 15, 2018
2018-08-15 19:01 ET - Market Summary
by Stockwatch Business Reporter
Barry Brown's GGX Gold Corp. (GGX), up 1.5 cents to 12.5 cents on 707,000 shares, has received assays of up to 50.15 grams of gold and 375 grams of silver per tonne over 2.05 metres at the COD vein on its Gold Drop project in the Greenwood district of British Columbia. Most of the precious metals occurred within a 0.46-metre subinterval that averaged 167.5 grams of gold, 1,370 grams of silver and over 500 grams of tellurium per tonne.
The glittering hit occurred in one of three new holes drilled in the continuing exploration program this year. It is unclear if the two other holes hit gold, but either way the results were unworthy of mention. Mr. Brown, CEO, says that prior to these most recent assays, the highlight of the 2018 program had been 1 2.1-metre hit that averaged 14.62 grams of gold, 150.2 grams of silver and 102 grams of tellurium per tonne, which occurred in third hole of the program.
The Vancouver-based Mr. Brown became CEO late in 2016. Last year, he received just $34,000 in salary. He also directs Goldbank Mining Corp. (GLB: $0.14) and he is the $30,000-per-year president and CEO of Fort St. James Nickel Corp. (FTJ: $0.29).