GGX Gold Corp. V.GGX

News And Zero Volume . Guess The Market Speaks

[Goldy63]

GGX Gold Report Assays from Holes 28 to 48 at Gold Drop V.GGX | 7 hours ago VANCOUVER, BC / ACCESSWIRE / December 13, 2019 / GGX Gold Corp. (TSXV:GGX)(OTCQB:GGXXF)(FRA:3SR2) (the "Company" or "GGX") is pleased to announce assay results from holes drilled this season at its Gold Drop property in the Greenwood Mining Camp. In 2019, a total of 3,160 metres were drilled in 49 holes to test the C.O.D. and C.O.D. North veins, and 719 metres in Hole AMT19-01. Holes COD19-34 to 43 were drilled on the C.O.D. North Vein. Significant results for samples collected from holes COD19-28 to 48 are provided in the tables below. Hole From To Length (m) Gold (g/t) Silver (g/t) Tellurium (ppm) Description COD19-29 41.24 41.88 0.64 3.98 38.3 23.0 Quartz vein, pyrite COD19-29 43.61 44.00 0.39 8.74 94.7 55.1 Quartz veinlet + altered rock COD19-30 40.36 40.85 0.49 42.00 465.0 403.0 Quartz vein, pyrite, telluride COD19-30 40.85 41.43 0.58 9.60 107.0 76.5 Quartz vein, pyrite, telluride COD19-31 36.45 36.98 0.53 20.90 220.0 163.0 Quartz vein, pyrite COD19-31 36.98 37.45 0.47 17.80 160.0 132.5 Quartz vein, pyrite, telluride COD19-38 36.05 36.49 0.44 5.65 38.8 26.3 Quartz veinlet + altered rock COD19-38 36.49 36.80 0.31 1.11 7.6 5.5 altered rock, pyrite COD19-38 38.39 38.71 0.32 58.30 384.0 355.0 Quartz vein, pyrite, telluride COD19-45 49.45 50.00 0.55 21.20 224.0 133.5 Quartz vein, pyrite, telluride COD19-45 50.00 50.50 0.50 9.70 69.4 48.3 Quartz vein, pyrite COD19-45 50.50 51.00 0.50 2.30 23.9 13.9 Quartz vein, pyrite COD19-45 51.00 51.44 0.44 2.65 75.1 26.9 Quartz vein, pyrite COD19-46 32.52 33.00 0.48 41.20 431.0 314.0 Quartz vein, pyrite, telluride COD19-46 33.00 33.50 0.50 84.70 769.0 700.0 Quartz vein, pyrite, telluride COD19-47 29.74 30.09 0.35 74.90 796.0 700.0 Quartz vein, gold, pyrite, telluride COD19-48 27.54 28.00 0.46 7.88 78.0 54.4 Quartz vein, pyrite Abbreviations: m=meters, g/t = grams per tonne, ppm = parts per million (equivalent to grams per tonne) Note: The lengths reported in the table above are core interval lengths and not true widths. There is insufficient information at this time to estimate true widths. The weighted average grades for the intercepts in holes 30, 38, 45, and 46 are as follows: Hole From To Length (m) Gold (g/t) Silver (g/t) Tellurium (ppm) Description COD19-30 40.36 41.43 1.07 24.44 270.9 226.0 Quartz vein, pyrite, telluride COD19-38 36.05 36.80 0.75 3.77 25.9 17.7 Quartz veinlet + altered rock COD19-45 49.45 51.44 1.99 9.46 102.0 58.5 Quartz vein, pyrite, telluride COD19-46 32.52 34.00 1.48 42.81 404.8 342.8 Quartz vein, pyrite, telluride These results provide further confidence in the potential for economic mineralization in the COD vein at the Gold Drop property. The results add to the list of mineralized intercepts disclosed previously. Analytical results reported above were provided by ALS Laboratories in North Vancouver, BC., which is an independent and accredited commercial laboratory. Analyses for gold were done by fire assay with AA finish on 50 gram sub-samples, or by metallics sieve analyses. Analyses for silver and tellurium were by four acid digestion with ICP-MS finish. Silver results greater than 100 ppm, and Tellurium results greater than 500 ppm, were reanalyzed using a four-acid digestion and ICP-AES or AAS finish on a 0.4g sub-sample. Quality control was monitored using analytical results for reference standards and blank samples inserted into the sample stream at a frequency of 5% each. David Martin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, approved the technical information in this release. On Behalf of the Board of Directors Barry Brown, Director 604-488-3900 [e-mail] Investor Relations: Mr. Jack Singh, 604-488-3900, [e-mail] Read more at https://stockhouse.com/news/press-releases/2019/12/13/ggx-gold-report-assays-from-holes-28-to-48-at-gold-drop#rt3AlmbiHlXrVpX9.99

[Thatoneguy]

Yup. Very frustrating watching the company move backwards. The news releases have been getting progressively worse quality and information. The entire 2019 program has been a farce. Should've done bulk sample from high grade on surface. Instead blew our money to re drill all summer.

[Goldy63]

Louel . I've said this for awhile now . You need the metres to be economical . 17 holes with not 1 over a metre . Did not do the math but that comes out to less then 17 metres . That's why the market says yawn . Strike length , depth , and width . With good gold grades that's a resource in the making . The silver is there but gold makes people take notice . GLTA here . JMO.

[louel]

They have not drilled for true width yet .   Presently they are in mineral location mode.  Must remember  the overall thing to look at is Gold equivellent.      I understand what your saying but these are only 2 inch cores no mention of Azimuth.  They could well be 90 degree holes.    They have found mineral..    Next adjusting the angle will

[Thatoneguy]

There is a reason why no map or drill azimuth/dip information has been provided....  any geo with a piece of paper and a pen could get a true width estimate from 100+ holes man. Not rocket science since the vein is exposed on surface in the trenches... lol. 

[flashcash]

If the main anomaly deposit shows grades like this we will be smiling all the way to the bank. It would be interesting if the COD vein extends across the anomaly. We can mine these narrow veins on the way down to main deposit if it has economical grades, remember pure magnetite is quite dense at 5.1 and has around a value of 50 to 70 $/t.

[louel]

An estimate yes.  But that is not bankable,  It would not stand to declare a reserve.    I preffer they report what they know rather than what they think or hope.   Offers a bit more comfort.        If all the  "Estimates"   put out by junior explorers over the years were believable and accurate.   The market would be deluged