EXPLORATION & DEVELOPMENT

GGX reports visible gold in BC

Intersects 7.28m at 129g/t gold and 1,154g/t silver

Staff reporter
Explorer intersects 7.28m at 129g/t gold and 1,154g/t silver

Explorer intersects 7.28m at 129g/t gold and 1,154g/t silver

It said COD18-67 had intersected a high-grade quartz vein near surface, with results including 7.28m at 129g/t gold and 1,154g/t silver from 23.19m, and the majority of samples returning greater than the upper 500g/t analytical limit for tellurium.

The 11-hole programme was designed to test the southwest region of the COD vein, where the company had intersected near-surface, high-grade gold and silver mineralisation in August

President Barry Brown said the company was optimistic on Gold Drop's potential and was continuing to expand the known strike length of the mineralised vein system, which remained open in several directions.

GGX is acquiring 100% of Gold Drop under an option agreement struck in mid-2016.

It reported a working capital deficiency of almost C$454,000 (US$342,000) at the end of September.

Shares in the company were trading around 13c a year ago and fell as low as 5c last month.

They rose half-a-cent on Friday or 6.7% to 8c to capitalise GGX at $3.6 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.