Gfg Resources Stock Price, News & Analysis

GFG Resources (GFGSF) has announced significant discoveries at its Aljo Gold Project in Timmins, Ontario. The company reported multiple high-grade gold intersections from its 12-hole drilling program, including:

- Discovery of a new Footwall Zone (FW3) with grades up to 7.26 g/t Au - Extension of Hangingwall Zone to near-surface with 4.39 g/t Au over 3.4m - Western extension of Main Zone yielding 4.24 g/t Au over 3.0m

The company plans to resume drilling at Aljo in July 2025 with an aggressive 3,000m drill program targeting depth and strike extensions. The project is strategically located in the Timmins Gold District, surrounded by key infrastructure and operating mines. Results from an additional 5 drill holes are pending.

GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) has issued 1,334,757 common shares to International Explorers and Prospectors Inc. (IEP) at C$0.187 per share, based on the 5-day VWAP. This share issuance is part of a previously announced option agreement that allows GFG to acquire 100% interest in the WWCC Property, located 40 kilometres east of Timmins, Ontario.

The issued shares will have a four-month and one-day statutory hold period from the issuance date of April 11, 2025. GFG operates three gold projects in the Timmins Gold Camp, which has historically produced over 70 million ounces of gold.

GFG Resources (OTCQB: GFGSF) has announced strategic acquisitions and corporate updates. The company has acquired claims within its Pen Gold Project near Timmins, Ontario for C$4,500, securing 100% ownership. The company has also granted 3,812,000 stock options to directors and officers, exercisable over five years at C$0.195 per share.

Additionally, GFG will issue 111,111 common shares to Apitipi Anicinapek Nation following a recently signed exploration agreement, pending TSX Venture Exchange approval. The company operates three gold projects in the Timmins Gold Camp, a prolific district that has historically produced over 70 million ounces of gold.

GFG Resources (OTCQB: GFGSF) has reported significant drilling results from its Aljo Mine Target in Ontario's Timmins Gold District. Key highlights include intersection ALJ-24-020 yielding 32.70 g/t Au over 0.5m and 6.62 g/t Au over 11.2m, while ALJ-24-017 returned 1.74 g/t Au over 13.2m near surface.

The drilling program has successfully extended the Hangingwall (HW) and Main Zones both at depth and near surface, with the strike length of the Aljo system now reaching 600m. The company completed 12 holes totaling 2,600m in late 2024 and early 2025, with results pending for an additional 9 drill holes.

A follow-up 4,000m drill program is planned for the second half of 2025. Additionally, GFG has launched an inaugural drill program at the Muskego target area, completing 8 of 10-12 planned holes totaling 2,021m, supported by sonic till sampling and an IP survey.

GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) has signed an Exploration Agreement with Apitipi Anicinapek Nation (AAN) for its Goldarm Property in the Timmins Gold District, Ontario.

Key terms of the agreement include:

• Continuous consultation with AAN for community engagement
• Employment, training, and business growth opportunities for the AAN community
• Community fund contributions based on exploration expenses
• Issuance of $20,000 in GFG common shares to AAN within 10 business days of TSXV approval

The agreement, pending TSXV approval, demonstrates GFG's commitment to responsible resource exploration while promoting sustainable development in partnership with the AAN, a Treaty #9 signatory First Nation in Northeastern Ontario and Northwest Quebec.

GFG Resources (GFGSF) has completed the sale of its Rattlesnake Hills Gold Project to Patriot Gold Vault for approximately C$3.3 million. The transaction includes multiple cash payments: C$250,000 at LOI signing, C$250,000 upon definitive agreement, C$1.2 million at closing, and C$1 million due December 16, 2025. Additionally, GFG received 3,061,224 Axcap common shares.

The deal includes potential additional compensation if a resource estimate exceeds 3 million gold ounces, with Patriot paying C$1 per total mineral resource ounce. Patriot will also assume environmental liability and handle the refund of GFG's US$219,000 reclamation bond.

GFG Resources reports significant discoveries at its Aljo Mine Target, with drill hole ALJ-24-014 intersecting three new high-grade intervals 200m northwest of the mine, yielding 9.94 g/t Au over 2.9m, 10.4 g/t Au over 0.7m, and 6.41 g/t Au over 1.1m. ALJ-24-013 extended the Main Zone 100m southwest with nine distinct vein intervals. ALJ-24-016 extended the strike length to 600m east. The company has launched an aggressive 2,500m follow-up drill program targeting depth extensions of the Footwall, Main, and Hangingwall Zones.

GFG Resources has announced its best-ever drill intercept at the Aljo Mine in Ontario, Canada, with a highlight of 23.08 g/t gold over 7.6 m at the Main Zone. This drill hole, ALJ-24-012, also included a section with 215.00 g/t gold over 0.8 m. The drill results extend gold mineralization approximately 200 m down-dip and confirm the continuity and higher-grade of the Aljo Main Zone.

The company has completed five holes (1,700 m) in their Phase 1 2024 drill program, and results from four additional holes are pending. GFG plans to continue drilling in October with a 4,000 m budget to expand the system further. Notably, the current intercepts include significant visible gold and tellurides, demonstrating the system's high potential.

The company also highlighted the geological settings and structural associations of the mineralization, which are consistent with historic underground workings. GFG is initiating new internal studies to understand the mineralogy and hydrothermal alteration better, contributing to its exploration strategies in the Timmins Gold District.

GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) has reported high-grade gold results from its Phase 1 2024 drill program at the Aljo Mine Target on the Goldarm Property in Ontario, Canada. The company completed 5 holes totaling 1,700 meters, with the best intercept to date in hole ALJ-24-012 returning 13.94 g/t gold over 7.1 meters with significant visible gold. Additional assay results are pending.

Key highlights include:

• Expanding known mineralized zones and identifying new gold mineralization
• Plans for follow-up drilling at Aljo in Q3 2024
• Ongoing surface exploration across all 3 projects, including the new Muskego Gold Target
• Planned 4,000 meter drill program for H2 2024 focused on Aljo