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GGX Gold Corp. has successfully closed a non-brokered private placement, issuing 2,050,581 shares at a price of $0.1463 per share, resulting in gross proceeds of $300,000. Each unit consists of one common share and one full share purchase warrant, exercisable for three years at $0.2438 per share. The funds will be allocated for general working capital and ongoing exploration at the Gold Drop property in Southern British Columbia. The closure is pending final approval by the TSX-V, with a hold expiry date set for July 16, 2021.
GGX Gold Corp. has announced further exploration results from its Gold Drop property in British Columbia. Drill hole COD20-11 revealed a significant mineralized quartz vein with a thickness of 5.3 meters, grading 2.51 grams per tonne gold. The highest assays included 9.14 g/t over 0.4 meters and 9.66 g/t over 0.5 meters. However, further holes did not yield significant metal values. Additionally, the company is raising $300,000 through a private placement at $0.1463 per unit to support ongoing exploration efforts.
GGX Gold Corp. reported promising results from its 2020 exploration program at the Gold Drop property. Notable drill assays include 27.7 g/t gold over 1.18 meters and 11.95 g/t gold over 0.59 meters. The weighted average for hole COD20-10 is 4.23 meters grading 8.75 g/t gold. Additionally, a surface sample revealed 15.2 g/t gold and 99.9 g/t silver. These results suggest an extension of the high-grade mineralization discovered in previous years. Further assays from remaining holes are pending.
GGX Gold Corp. has announced a non-brokered private placement of up to 2 million flow-through shares at $0.16 each, aiming to raise gross proceeds of $320,000. The funds will be utilized for exploration activities at the Gold Drop Property in British Columbia. Each flow-through unit includes a common share and a purchase warrant priced at $0.20, valid for 18 months. The offering is subject to TSX-V approval, with potential finder’s fees applicable. There are inherent risks noted in forward-looking statements regarding future operations and market conditions.
GGX Gold Corp. has announced the commencement of diamond drilling on the newly discovered Perky vein at its Gold Drop property in British Columbia. Previous surface trenching revealed promising results, including assays of up to 54.0 g/t gold, 303 g/t silver, and 397 g/t tellurium. The Perky vein, located 200 meters west of the C.O.D. vein, averages 22.7 g/t gold over 10.3 meters. Drilling will initially target shallow depths and progressively extend deeper to follow the vein structure.
GGX Gold Corp. has provided an exploration update for its Gold Drop property in British Columbia, revealing assay results from newly discovered quartz veins, Perky and Lively. The Perky vein, measuring 13.8 meters, yielded a grab sample with 47.6 g/t gold, while channel samples averaged 22.7 g/t gold alongside significant silver and tellurium. The Lively vein, exposed over 29.5 meters, averaged 1.89 g/t gold. The company plans further exploration, including drilling, to assess these veins' potential.
GGX Gold Corp. has reported promising results from its exploration program at the Gold Drop property in British Columbia. A significant surface rock sample returned values of 23.5 grams per tonne gold and 437 grams per tonne silver, among other minerals, from the Amandy vein. This encourages future trenching and drilling as the company seeks necessary permits to commence work. The analysis was conducted by ALS Global, a reputable laboratory.
GGX Gold Corp. (OTCQB: GGXXF) reports progress on its Gold Drop property exploration in British Columbia. The drilling program has completed 1,834.5 meters in 11 holes, including a significant drill hole at 786.1 meters depth targeting a geophysical anomaly. Results from the first samples did not yield significant findings. The C.O.D. vein drilling produced notable segments with gold and silver grades, including 10.15 g/t gold and 142 g/t silver. Assays from additional trenches and a planned drilling at the Ken mine are forthcoming, indicating potential for further mineral discovery.