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Author Topic: Ximen Mining GGX requests tellurium reanalysis of Gold Drop samples  (Read 230 times)

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Offline Flo86xx

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GGX requests tellurium reanalysis of Gold Drop samplesGGX requests tellurium reanalysis of Gold Drop samples

2019-03-07 07:43 ET - News Release

See News Release (C-GGX) GGX Gold Corp

Mr. Barry Brown of GGX reports


GGX Gold Corp. has requested tellurium reanalysis of select drill core samples from the fall 2018 diamond drill program at the Gold Drop property, located in Southern British Columbia. The fall 2018 drill program was conducted at the C.O.D. vein, located in the Gold Drop Southwest zone. Multiple drill core samples from drill holes COD18-67 and COD18-70 exceeded the upper 500 grams per tonne (g/t) analytical limit for tellurium. These samples returned high-grade values for gold and silver. These samples will be reanalyzed to determine tellurium grades. Highlights from the fall 2018 drill program include (news releases of Jan. 11 and Jan. 18, 2019):

COD18-67: 129 g/t gold and 1,154 g/t silver over 7.28-metre core length;
COD18-70: 107 g/t gold and 880 g/t silver over 6.90-metre core length.
The 2018 fall diamond drill program tested the COD vein. The program followed up on results from previous 2018 diamond drilling at the southern extension of the COD vein. The highlights of the 2018 fall drill program are drill hole COD18-67 which intersected 129 g/t gold and 1,154 g/t silver over 7.28-metre core length and drill hole COD18-70 which intersected 107.5 g/t gold and 880 g/t silver over 6.90-metre core length (news releases of Jan. 11 and Jan. 18, 2019). Intersections for 2017 and 2018 diamond drill holes at the C.O.D. vein include those in the attached table (please refer to the company's website for news releases announcing these results).

Hole ID   Interval length  Gold (g/t) Silver (g/t)     Te (g/t)

COD17-14            16.03       4.59        38.64
COD18-3               2.1      14.62        150.2          102
COD18-26              1.4       10.3         1.09         0.24
COD18-32             1.51       3.67         67.2         30.4
COD18-33             2.98       8.65         47.6         37.3
COD18-34             3.41       6.16         72.4           31
COD18-37             3.95       8.23        67.36        38.53
COD18-45             2.05      50.15          375
COD18-46             1.47       54.9          379
COD18-49             1.47       9.52          118         72.2
COD18-54             1.66        7.6         60.2         34.1
COD18-61             1.38       5.29         32.4         31.4
COD18-63             1.17         28        424.7        150.4
COD18-67             7.28     129.11     1,154.90
COD18-68             2.76       8.77         85.4         56.3
COD18-69             7.46       5.76         67.9         61.2
COD18-70              6.9      107.5          880

Fourteen drill core samples from the high-grade gold and silver intersections of drill holes COD-18-67 and COD-18-70 returned greater than the upper analytical limit of 500 g/t for tellurium during initial analysis (four-acid ICP-MS analysis by ALS Canada Ltd. in North Vancouver). As a result, the tellurium weighted average grade for these intersections could not be determined. The company has requested ALS Canada Ltd. to reanalyze these samples for tellurium.

Tellurium (Te) remains as one of the rarest elements on earth. Tellurium production has been a byproduct of copper and gold mining. The production is limited, estimated to being on the order of 800 metric tonnes per year. According to the USGS total production for 2007 was 107 Mtonnes.

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

The most significant modern use of tellurium is the cadmium-telluride (Cd-Te) photovoltaic solar cells. These solar cells are the forefront of solar power. One gigawatt (GW) of Cd-Te, at current efficiencies, would require approximately 93 metric tons of tellurium. These cells have the smallest carbon footprint and the shortest energy payback time of all solar cells. The efficiency of technology is constantly improving and the Cd-Te now takes up 5.1 per cent of worldwide PV production. In the C.O.D vein system the tellurium occurs as a soft silver-grey telluride mineral. The telluride mineral is a silver-tellurium-Gold alloy speculated to be sylvanite. Whenever this mineral is observed in the drill core the interval has elevated silver, gold and tellurium values.

David Martin, PGeo, a qualified person as defined by National Instrument 43-101, is responsible for the technical information contained in this news release.

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