Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
GGX Gold (TSX-V: GGX) is planning to use the proprietary Stargate II (SG II) Drill Target Modeling System and drill a high priority geophysical target at its Gold Drop property, located in the Greenwood mining camp in southern British Columbia.
In a press release, GGX said SG II incorporates Acoustic EM analysis, which is a technology that was developed by Earth Science Services Corporation or ESSCO of Oshawa, Ontario. The solution employs an enhanced, deep-penetrating ultra-sonic audio-magnetotelluric geophysical survey.
Prior to this project, Stargate II surveys were performed by ESSCO over the Republic Graben trend in Washington and British Columbia in 2014/2015 at 1
“A resultant geophysical anomaly on the Gold Drop property in the Greenwood Mining Camp was supplied by Glenn Galata of ESSCO. The anomaly measures 1834 by 1377
According to GGX, if successful, the test at the Gold Drop property could result in the discovery of a new gold deposit or even a new gold deposit type. It could also lead to further investigations utilizing the new geophysical technique in other areas of the Greenwood Mining Camp.
