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GFG Resources Inc. (OTCQB: GFGSF; TSXV: GFG) generates a steady stream of exploration news from its district-scale gold projects in the Timmins Gold District of Ontario, Canada. Company releases focus on drill results, new discoveries and target expansion across its Goldarm, Pen and Dore properties, all of which are described as having geological settings similar to those that host many of the Timmins Gold Camp’s deposits.
Much of GFG’s recent news flow centres on the Aljo Gold Project on the Goldarm Property, where the company has reported multiple phases of drilling in the Hangingwall, Main and Footwall zones. Updates detail high-grade and broad gold intercepts, the discovery of a Footwall zone referred to as FW3, and the extension of mineralization along strike and to depth. Technical commentary in these releases explains how mineralization relates to mafic volcanic breccias, porphyry dykes and key structural corridors such as the Pipestone and Porcupine-Destor systems.
Additional news items cover greenfield and brownfield exploration at the Pen Gold Project, including drilling at Muskego and Chabot targets, as well as corporate developments such as property acquisitions, option payments, share issuances and the sale of the Rattlesnake Hills Gold Project to Roxmore Resources Inc. GFG has also reported receiving funding from the Ontario Junior Exploration Program to support its work in the Timmins area.
Investors and sector followers can use this GFGSF news feed on Stock Titan to review the company’s exploration updates, technical drill summaries and corporate announcements in one place and to follow how GFG advances its portfolio of gold projects over time.
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
GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) has signed a definitive agreement to sell its Rattlesnake Hills Gold Project to Patriot Gold Vault for approximately C$3.3 million. The transaction terms include:
1. Cash payments totaling C$2.7 million
2. Issuance of Patriot shares worth C$600,000
3. Potential additional payment based on resource estimates
The Rattlesnake Hills Gold Project is a district-scale exploration project in Wyoming with 100,000 meters of historic drilling. The project has outlined three significant zones of mineralization and several untested greenfield targets. The transaction is expected to close within 120 days.
GFG Resources has initiated a 6,000-meter drill program across its Timmins properties, focusing on high-grade gold targets. The program includes a 1,500-meter Phase 1 drill at the Aljo Mine, where previous intercepts showed promising gold grades. New targets were identified at Pen Gold Project and Dore, with significant mineralization. Surface exploration includes 800 black spruce bark samples at Goldarm and regional till sampling at Dore, revealing new gold and base metal targets. GFG plans to advance these exploration activities throughout 2024, aimed at expanding resource potential and unlocking high-quality targets.
GFG Resources Inc. signs a binding LOI with Patriot Gold Vault to sell its Rattlesnake Hills Gold Project for approximately C$3.3 million. The deal includes staged cash payments, equity participation, and potential additional payments based on resource estimates. Patriot will focus on acquiring resource-ready projects in Tier 1 jurisdictions and aims to aggressively drill for gold reserves.
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