Gfg Resources Stock Price, News & Analysis

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.

GFG Resources announced new assay results from its Montclerg Gold Project, revealing significant gold mineralization. Notable results include hole MTC-21-006, which returned 8.34 g/t Au over 7.5 m, and hole MTC-21-007, yielding 1.40 g/t Au over 31.1 m. The company plans a 10,000 m drilling program in 2022, with additional regional exploration. Assays from five remaining holes are pending. CEO Brian Skanderbeg highlighted the positive continuity of the gold system, marking an encouraging start for the year.

GFG Resources Inc. (GFGSF) announced positive results from the Rattlesnake Hills Gold Project in Wyoming, conducted in partnership with Group 11 Technologies. Key findings revealed gold recoveries from uncrushed half-core samples averaged 48.2%, and from crushed material, 61.4%. These results surpassed expectations and suggest that the In-situ Recovery (ISR) technology could transform gold mining.

The company plans further testing and a live webcast on March 17, 2022, to discuss these findings.

GFG Resources Inc. (TSXV: GFG, OTCQB: GFGSF) has entered a definitive agreement with International Explorers and Prospectors Inc. to acquire a 100% interest in the 6,500-hectare WWCC property. The company also staked an adjacent 6,800-hectare area, collectively forming the Goldarm Property, which covers approximately 15,000 hectares. The consolidated Goldarm Property is strategically located in a prolific gold district, with plans for aggressive exploration in 2022. The agreement includes share issuance and a $2 million exploration commitment over four years.

GFG Resources Inc. (TSX-V: GFG, OTCQB: GFGSF) announced the issuance of stock options enabling the purchase of up to 2,469,118 common shares. These options, granted to directors, officers, employees, and senior consultants, have a five-year exercisable period at a price of $0.17, based on the February 11, 2022 closing price. The company is focused on gold exploration in Ontario and Wyoming, with projects in the Timmins Gold Camp, holding significant geological promise.

GFG Resources Inc. (OTCQB: GFGSF) announced significant gold mineralization from its Montclerg Gold Project in Ontario, revealing high-grade drill results from three holes during Q4 2021. Notable findings include 4.82 g/t Au over 26.0 m in hole MTC-21-005 and other significant grades up to 12.32 g/t Au. The company's Phase 1 drilling program, totaling 3,210 metres, demonstrates the project’s potential for both high-grade and bulk tonnage gold. Future drilling is planned, along with ongoing exploration efforts throughout 2022.

GFG Resources Inc. (GFGSF) has released initial assay results from its 2021 Phase 1 drill program at the Montclerg Gold Project. The first hole, MTC-21-001, returned notable intercepts, including 1.56 g/t Au over 27.5 m and 0.78 g/t Au over 40.5 m. The company plans to drill approximately 10,000 m in 2022, starting with a 3-4,000 m phase in February. The results affirm the potential for a substantial gold system at Montclerg, suggesting continued exploration could enhance shareholder value.