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GGX Gold to re-examine drill core from Gold Drop for rare earth tellurium

Last updated: 08:04 07 Mar 2019 EST, First published: 03:04 07 Mar 2019 EST

Workman fitting solar panels
Tellurium is used increasingly in photovoltaic solar cells.

Ximen Mining Corp's (CVE:XIM)  option partner GGX Gold Corp (CVE:GGX) revealed that drill core from its Fall 2018 diamond drill program at the Gold Drop project in British Columbia will now be re-analyzed for tellurium.

Tellurium (Te) remains one of the rarest elements on earth and its production is a by-product of copper and gold mining.

High grades

As previously reported, GGX's 2018 program was conducted at the C.O.D. vein, which lies in the Gold Drop Southwest Zone and multiple samples returned high grades for gold and silver.

Notably, two holes exceeded the upper 500 grams per tonne (g/t) analytical limit for tellurium.

Samples from these holes returned  129 g/t (grams per ton) gold  and 1154 g/t (grams per ton) silver over 7.28-meter core length.

Up to recently, the only use of tellurium has been alloying of other metals to increase the machinability of copper or to decrease the corrosive action of sulfuric acid on lead.

But  it is now used increasingly in photovoltaic solar cells.

Solar cells

These solar cells are the forefront of solar power and such cells have the smallest carbon footprint and the shortest energy payback time of all solar cells.

Production of tellurium is limited, estimated to being around 800 metric tonnes per year. According to the USGS (United States Geological Survey) total production in 2007 was 107 metric tonnes.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter @Gile74

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