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GGX Gold shares shine as it kicks off trenching at the Gold Drop project in British Columbia

The first trench will be on the C.O.D. vein at its southern end where some of the world's best gold intercepts were reported last year

GGX Gold Corp. -
The Gold Drop property lies in one of the most prolific gold-copper mining camps of North America - the Greenwood camp

GGX Gold Corp (CVE:GGX) (OTCMKTS:GGXXF) said trenching work has begun at its flagship Gold Drop project in the Greenwood mining camp in British Columbia, sending shares higher.

In an update on this year's exploration program, the group said the season kicked off with the implementation of protocols and measures to prevent and control the risk of transmitting coronavirus with personnel receiving training.

Shares advanced over 31% in Toronto to C$0.21 each.

READ: GGX Gold poised to begin 2020 field season at flagship Gold Drop project

It said the first trench will be dug on the C.O.D. vein at its southern end where some of the world's best intercepts were reported last year, including 129 grams per ton (g/t) gold, 1,154 g/t silver and 823 g/t tellurium over 7.28 meters of core length.

"Initial field work has focused on preparation for trenching and drilling, with targets being marked out at the C.O.D. vein, Rhoderick Dhu, and Gold Drop mine areas," GGX said in the statement.

"These areas will be trenched first and then drilled. Also, all the previous drill holes and trenches from 2017 and 2018 at the COD were surveyed with a Trimble Geo7X instrument for sub-meter accuracy, and prospecting and rock sampling was started.

"Trenches were marked at two parallel veins located west of the C.O.D., one of which returned a grab sample last year that assayed 55.8 grams per tonne gold and greater than 100 grams per tonne silver," added the firm.

---Updates for share price---

Contact the author at [email protected]

Quick facts: GGX Gold Corp.

Price: 0.19 CAD

Market: TSX-V
Market Cap: $5.22 m

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