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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 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.
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.