Stockwatch -Gold Summary for Aug. 30, 2018
Gold Summary for Aug. 30, 2018
2018-08-30 20:03 ET - Market Summary
by Stockwatch Business Reporter
Barry Brown's GGX Gold Corp. (GGX), down one cent to 10 cents on 431,000 shares, has received assays of up to 9.52 grams of gold, 121.8 grams of silver and 72.2 grams of tellurium per tonne over 1.47 metres from three new holes drilled into the COD vein at its Gold Drop project, near Greenwood in British Columbia. These are the latest in a series of assays from the company's 2018 drilling at COD. Two weeks ago, GGX received an assay of 50.15 grams of gold and 375 grams of silver per tonne across 2.05 metres; one week ago, it hit 54.9 grams of gold and 379 grams of silver per tonne over 1.47 metres.
Mr. Brown, a Vancouver resident, has been president and CEO since late 2016. At last report, he was getting just $48,000 per year in salary. His remuneration is unlikely to arouse the ire of shareholders, but the company's stock chart suggests they have an ample supply of other gripes: The stock bottomed at a 6.5-cent low in July, just before the latest flurry of COD assays.