Wildfires erupt in Canada crude patch in threat to oil sands
One 7-acre fire is within about 6 miles of MEG Energy Corp.’s Christina Lake site, which produced almost 100,000 barrels a day in May.
GGX Gold (GGX; US-OTC; GGXXF) continues to cut near surface high grade gold mineralization at its 56 sq. km Gold Drop gold property near Greenwood in southern British Columbia.
The results come from a November 2018, 11 hole drill program where GGX tested the southwestern region of Gold Drop’s COD vein system.
Earlier results from the November 2018 drill campaign include 28 grams gold and 424.7 grams silver over 1.17 metres from 26 metres downhole.
Highlights from the latest assays include 129.1 grams gold and 1,154.9 grams silver over 7.2 metres from 23 metres downhole including 232.1 grams gold and 2,001.1 grams silver over 3.13 metres from 24.5 metres downhole.
The company drilled its November holes within 25 metres of the previously drilled holes 45 and 46. Hole 45 cut 50.1 grams gold and 375 grams silver over 2.05 metres from 28 metres downhole and hole 46 cut 54.9 grams gold and 379 grams silver over 1.5 metres from 30 metres downhole.
Gold Drop was mined intermittently from 1919 to the 1980s, producing 7,572 tonnes averaging 5.2 grams gold and 93.4 grams silver. The property hosts eight known gold bearing veins or vein systems.
Shares of GGX are currently trading at 12¢ with a 52-week range of 5¢ to 16¢. The company has a $5 million market capitalization.
This story first appeared on The Northern Miner.
