Welcome to our dedicated page for Gfg Resources news (Ticker: GFGSF), a resource for investors and traders seeking the latest updates and insights on Gfg Resources stock.
GFG Resources Inc. (GFGSF) provides investors with comprehensive updates on its natural resource exploration and mining operations through this centralized news hub. Access verified corporate announcements, operational updates, and strategic developments from this mineral-focused enterprise.
This resource serves investors and industry observers seeking timely information about project milestones, partnership agreements, and operational efficiencies in the mining sector. Track updates spanning resource discoveries, processing innovations, and market positioning within the competitive metals & minerals landscape.
Key content includes earnings reports, asset acquisition details, leadership updates, and technical advancements in extraction methodologies. All materials maintain factual accuracy while avoiding speculative commentary to support informed analysis.
Bookmark this page for streamlined access to GFGSF's evolving corporate narrative within global resource markets. Regular updates ensure stakeholders remain informed about operational developments affecting long-term value creation.
GFG Resources Inc. has issued 1,213,592 common shares to International Explorers and Prospectors Inc. as part of an agreement for a 100% interest in the WWCC Property, located east of Timmins, Ontario. The shares were valued at C$0.1236 each, based on the volume-weighted average price over the previous five trading days. This transaction involves a statutory hold period of four months and one day. GFG is focused on precious metal exploration, particularly in Ontario and Wyoming, holding significant properties that are part of the prolific Timmins Gold District, which has yielded over 70 million ounces of gold.
GFG Resources Inc. (OTCQB: GFGSF), reports high-grade gold assays from its 2022 Phase 2 drill program at the Montclerg Gold Project in Ontario. Key highlights include:
- High-grade intervals: ALJ-22-002 returned 3.03 g/t Au over 12.9 m, including 59.80 g/t Au over 0.6 m.
- Continuous mineralization: Hole MTC-22-044 confirmed gold mineralization extending 1 km east of MC Central.
- Extensive drilling: Over 11,000 m drilled in 47 holes since acquiring Montclerg, achieving a 90% hit rate.
- Future plans: 2023 drill programs to total 10-12,000 m with a budget of C$3.0 million, focusing on the Montclerg deposit and other high-priority targets.
The ongoing exploration indicates a significant potential for discovering additional gold deposits within the Goldarm Property.
GFG Resources Inc. (GFGSF) has announced continued high-grade gold assay results from its recent drilling at the Montclerg Gold Project in Ontario. Key results include Hole MTC-22-036, which returned 6.67 grams per tonne (g/t Au) over 6.0 meters, and Hole MTC-22-042, yielding 8.46 g/t Au over 5.0 meters. Since acquiring Montclerg in October 2021, GFG has completed 11,000 meters of drilling, achieving a 90% hit rate. The company plans to resume drilling in Q1 2023, focusing on high-priority gold targets across the Goldarm Property, aiming to expand resources further.
FAQ
What is the current stock price of Gfg Resources (GFGSF)?
What is the market cap of Gfg Resources (GFGSF)?
