Gfg Resources Stock Price, News & Analysis

GFG Resources Inc. reported results from its 2022 Phase 1 drilling program at the Montclerg Gold Project, achieving strong continuity with notable intersections. Significant findings include:

• MTC-22-029: 4.98 g/t Au over 7.1 m
• MTC-22-030: 3.40 g/t Au over 15.0 m

The Company has maintained an 85% hit rate since acquiring the project and plans a Phase 2 drill program in October targeting 4,000-6,000 m. Regional exploration programs demonstrate high prospectivity across the Goldarm Property, bolstering confidence in further discoveries.

GFG Resources announced significant drill results from its Montclerg Gold Project, with the best intercept to date of 1.60 grams of gold per tonne (g/t Au) over 70.4 meters. Hole MTC-22-023 also revealed a second gold zone returning 4.97 g/t Au over 4.8 m. Infill drilling at MC Central showed promising continuity, highlighting the potential for expansion. The company plans to complete 8,000 to 10,000 meters of drilling in 2022, with ongoing exploration efforts aimed at enhancing resources. GFG remains optimistic about its prospects in the Timmins Gold District.

GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) announced promising assay results from the 2022 Phase 1 drill program at the Montclerg Gold Project in Ontario. Key highlights include drill hole MTC-22-015, which returned 1.32 g/t Au over 33.5 m, and high-grade gold intercepts of 7.93 g/t Au over 2.1 m in MTC-22-018. The company has completed 4,200 m of drilling across 17 holes so far, confirming substantial regional-scale gold mineralization. GFG plans to continue drilling with an additional 6,000 m planned for the year amidst ongoing exploration programs.

GFG Resources Inc. reported promising assay results from its 2021 drill program at the Montclerg Gold Project, confirming high-grade gold mineralization. Key intercepts included 8.26 grams of gold per tonne (g/t Au) over 1.0 meters and 6.63 g/t Au over 1.5 meters. The completed 2022 Phase 1 drill program spanned 4,200 meters, with plans for at least 10,000 meters of drilling this year. Future drilling aims to expand existing mineralization and explore new targets, demonstrating significant potential for gold discoveries in the Timmins Gold District.

GFG Resources Inc. (OTCQB: GFGSF) has completed the acquisition of 100% interest in 14 unpatented mining claims, known as the Coulson Claims, adjacent to its Goldarm Property in Saskatchewan. The historic Aljo Mine, located on these claims, has seen intermittent production and significant gold mineralization, highlighting its high prospectivity. GFG issued 700,000 common shares, paid C$50,000, and granted a 2% NSR to the vendors as part of the deal. The company anticipates this strategic acquisition will enhance its exploration capabilities in the Timmins Gold District.

GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) has finalized its agreement with International Explorers and Prospectors Inc. to acquire a 100% interest in the 6,500-hectare WWCC property, complemented by an adjacent 6,800-hectare land package that forms the Goldarm Property. The consolidation aims to enhance exploration for gold in the Timmins gold district, which is rich in potential. The consolidated Goldarm Property covers 15,000 hectares, strategically located near multiple producing gold mines. GFG plans to invest C$2 million in exploration over four years.

GFG Resources Inc. (GFGSF) announced the resignation of Vice President of Exploration, Mr. Rob Mackie, who is leaving for another opportunity. The company is currently searching for a replacement, but assures that ongoing drill and exploration programs will not be impacted. Under Mackie’s leadership, GFG built a strong exploration team and established a significant land position in Ontario and Wyoming, including the Rattlesnake Hills Gold Project. The company focuses on gold exploration in major mining regions, with a commitment to advancing its projects and technology partnerships.

GFG Resources Inc. (GFGSF) has entered into a binding letter of intent with arm's length vendors to acquire a 100% interest in 14 unpatented mining claims, known as the Coulson Claims, adjacent to the Goldarm Property. This acquisition aims to enhance GFG's strategic landholdings and bolster its exploration potential. The deal includes issuing 700,000 common shares and a cash payment of C$50,000. The Coulson Claims show historic gold mineralization, and GFG plans significant drilling in 2022 to further assess these properties.

GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) has received conditional approval from the TSX Venture Exchange for its acquisition of a 100% interest in the 6,500-hectare WWCC property from International Explorers and Prospectors Inc. This acquisition, previously announced, is subject to certain encumbrances and is anticipated to close soon. GFG focuses on gold exploration in Ontario and Wyoming, with significant projects in the Timmins Gold District. The company aims to advance its Rattlesnake Hills Gold Project in Wyoming through innovative technology.