InvestmentPitch Media Video Discusses GGX Gold and its Request to Re-analyse Tellurium in Drill Core Samples that Originally Exceeded the Upper 500 gpt Analytical Limit - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - March 8, 2019) - GGX Gold (TSXV: GGX) (OTCQB: GGXXF) (FSE: 3SR2) has instructed ALS Canada to re-analyse the tellurium reported in select drill core samples from its Fall 2018 diamond drill program, as multiple core samples from holes COD18-67 and COD18-70 exceeded the upper 500 gpt analytical limit for tellurium.For more information, please view the InvestmentPitch Media "video" which provides additional information about this news and the company. If this link is not enabled, please visit www.InvestmentPitch.com and enter "GGX Gold" in the search box.
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The Fall 2018 drill program tested the COD Vein, located in the Gold Drop Southwest Zone of the Gold Drop Property in southern British Columbia, following up on results from previous 2018 diamond drilling at the southern extension of the COD vein.
The highlights of the program are COD18-67 that intersected 129 gpt gold and 1,154 gpt silver over a 7.28 meter core length and COD18-70 which intersected 107.5 gpt gold and 880 gpt silver over a 6.90 meter core length.
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 grams per tonne for tellurium during initial analysis. As a result, the tellurium weighted average grade for these intersections could not be determined.
Tellurium is one of the rarest elements on earth. Most of the world's tellurium comes from copper refining, although the United States Geological Survey (USGS) has noted that, due to declining copper grades worldwide, "New copper recovery processes…are being considered for implementation, but these methods do not recover tellurium. As a result, alternative sources for this critical element must be considered."
According to a 2017 "Critical Mineral Resources" report by the United States Geological Survey, epithermal vein deposits with tellurium may offer a viable alternative for future tellurium needs.
Today cadmium telluride is the most preferred material for thin film solar, which represents the second-most utilized solar cell material in the world behind silicon. This rapid deployment of thin film technology is forecast to generate steady growth in the demand for tellurium, as thin film manufacturing consumes approximately 40% of the world's tellurium supply. This is supported by a report by Global Market Insights which stated: "The market for thin film solar panels is expected to grow from a current value of US$8 billion to over US$30 billion by 2024."
In addition to thin film solar technology, growth in tellurium demand is expected to come from emerging technologies such as phase-change memory, next-generation batteries and tellurium nanoparticles used in water desalination.
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