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GFG RESOURCES INC - GFGSF STOCK NEWS

Welcome to our dedicated news page for GFG RESOURCES (Ticker: GFGSF), a resource for investors and traders seeking the latest updates and insights on GFG RESOURCES.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GFG RESOURCES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GFG RESOURCES's position in the market.

News
GFG Issues Shares to IEP Pursuant to WWCC Gold Property Option Agreement
Rhea-AI Summary
GFG Resources Inc. issues shares to International Explorers and Prospectors Inc. as part of the WWCC Gold Property Option Agreement. The company acquires a 100% interest in the WWCC Property located near Timmins, Ontario. GFG issued 2,500,000 common shares to IEP at a deemed value of C$0.08 per share. The shares have a statutory hold period of four months and one day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
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GFG Announces the Grant of Stock Options
Rhea-AI Summary
GFG Resources Inc. announces the granting of stock options to key personnel under its annual executive compensation program. A total of 3,590,000 common shares can be purchased at $0.09 per share over a five-year period. The options have different vesting periods and were issued in accordance with the Company's stock option plan.
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End-of-Day
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GFG Hits Multiple Veins with Visible Gold at Aljo and a New Footwall Zone Grading 13.35 g/t Gold over 3.6 Metres, East of Timmins, ON
Rhea-AI Summary
GFG Resources Inc. reports final gold assay results from the 2023 Phase 2 drill program at its Goldarm Project, highlighting significant gold mineralization at the Aljo Mine Target. The drilling program revealed high-grade zones with visible gold, indicating a more extensive gold system than previously known. Plans for additional drilling in Q1 aim to follow up on promising results, showcasing the Company's dedication to exploration and value creation for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.54%
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none
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GFG Hits Multiple, Shallow Lenses at Montclerg Gold System including 12.8 Metres of 3.09 g/t Gold
Rhea-AI Summary
GFG Resources Inc. reports further gold assay results from the recently completed 2023 Phase 2 drill program at its Montclerg Gold Project, including high-grade intercepts and multiple near-surface lenses in the bulk tonnage Main Zone. The Phase 2 drill program focused on step-out and in-fill drilling at Montclerg, with a total of 3,613 m from 15 holes completed. The results show the robust gold system and significant expansion potential at depth and along strike.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.9%
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GFG Significantly Expands Montclerg Gold System at Depth with 12.8 Metres of 4.79 g/t Gold from a 150-metre Step-Out Hole
Rhea-AI Summary
GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) reports initial gold assay results from its recently completed 2023 Phase 2 drill program from its Montclerg Gold Project. Hole MTC-23-059 returned 4.79 grams of gold per tonne over 12.8 meters, including 10.05 g/t Au over 4.3 m. Hole MTC-23-063 returned 3.38 g/t Au over 5.8 m near the surface. The company completed a total of 3,613 m from 15 holes in the Phase 2 drill program, focusing on step-out and in-fill drilling at Montclerg and testing targets at Aljo. The company is optimistic about the remaining 12 holes' results, as significant mineralized zones were observed. The CEO, Brian Skanderbeg, expressed satisfaction with the program's success, confirming a robust gold system at Montclerg plunging beyond 400 m and remaining open for expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.78%
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GFG Exercises its Option and Earns 100% in the Montclerg Gold Project in the Prolific Timmins Gold District
Rhea-AI Summary
GFG Resources Inc. has completed its earn-in requirements to acquire 100% of the Montclerg Gold Project. The company issued its final share payment, exceeded the exploration expenditures, and transferred assessment credits to International Explorers and Prospectors Inc. The acquisition strengthens GFG's Goldarm Property and expands its presence in the Timmins Gold District.
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GFG Provides Update on Rattlesnake Hills Gold Project Option Agreement with Group 11 Technologies
Rhea-AI Summary
GFG Resources terminates agreement with Group 11 for Rattlesnake Hills Gold Project. GFG remains 100% owner. Strategic review underway to maximize shareholder value. Exploration efforts focus on Timmins belt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.24%
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GFG Drills 10.21 g/t Gold over 2.7 Metres from its Deepest Drill Intercept to Date at its Montclerg Gold Project Located in the Timmins Gold District
Rhea-AI Summary
GFG Resources Inc. reports final assay results from its Phase 1 drill program at the Montclerg Gold Project. Significant intercepts include 10.21 g/t Au over 2.7 m and 16.20 g/t Au over 1.5 m from the Lower Footwall Zone. The drill program successfully confirmed continuity in the MC Central area and demonstrated potential for additional discoveries east of MC Central. Phase 2 drill program planned to test the Lower Footwall Zone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.71%
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GFG Drills 9.97 g/t Gold over 8.1 Metres at its Montclerg Gold Project Located in the Timmins Gold District: Extending High-Grade Gold Mineralization at the MC Central Zone and Outlining New Gold Mineralization 1 km to the East
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.67%
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GFG Announces Senior Management Changes
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GFG RESOURCES INC

OTC:GFGSF

GFGSF Rankings

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GFGSF Stock Data

13.10M
185.99M
12.07%
5.91%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
Saskatoon