Not one to pass up an opportunity to get its name out there, Vancouver-based GGX Gold Corp. (TSX-Venture:GGX) announced Thursday that it is planning to drill a high priority geophysical target at its Gold Drop property in the Greenwood Mining Camp, located elsewhere in British Columbia.
The proprietary Stargate II (SG II for short) Drill Target Modeling System incorporates Acoustic EM analysis, technology that was developed by Oshawa-based Earth Science Services Corporation (ESSCO). SG II employs an enhanced, deep-penetrating ultra-sonic Audio-Magnetotellurics geophysical survey.
The company says the system is in developmental stage, so gauging its effectiveness would be premature.
SG II surveys were performed by ESSCO over mines in Washington and B.C. about four years ago at one-kilometre and 500-metre line spacings.
Testing the target will require drilling to a depth of at least 400 and up to 764 metres - the deepest ever to be drilled on the Gold Drop property.
Shares grabbed two cents, or 7.4%, to 29 cents early Thursday afternoon, on volume of nearly 43,000 shares.
