Gfg Resources Stock Price, News & Analysis

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.

GFG Resources Inc. (GFGSF) announced the initiation of its 3,000-meter Phase 1 drill program at the Montclerg Gold Project, targeting both bulk tonnage and high-grade vein deposits. Located near the Timmins Gold Camp, the project covers 10 km of the Pipestone Deformation Zone. The company aims to enhance its understanding of gold systems and mineralization potential, following a systematic exploration approach. Drilling is set to continue into December 2021, with results expected in early 2022, and a more extensive Phase II program planned for Q1 2022.

GFG Resources Inc. has fulfilled initial obligations under an agreement to acquire a 100% interest in the Montclerg Gold Project, located near the Timmins Gold Camp. The acquisition involves staged equity payments totaling C$1.0 million and C$1.0 million in exploration expenditures over 24 months. The Montclerg Project is strategically significant, covering five patented and 110 unpatented mining claims along the prospective Pipestone Deformation Zone, which has various gold deposits. The company anticipates a resampling program and further drilling before year-end, signaling potential growth opportunities.

GFG Resources has announced a definitive agreement to acquire a 100% interest in the Montclerg Gold Project from International Explorers and Prospectors. The project is strategically located near the Timmins Gold Camp, encompassing five patented and 110 unpatented mining claims. GFG plans to invest C$1 million in exploration over 24 months and issue shares worth C$2 million as part of the deal. Historical drilling indicates multiple gold zones with significant grades. The acquisition will enhance GFG's portfolio alongside its existing Pen and Dore projects.

GFG Resources Inc. has finalized an option and earn-in agreement with Group 11 Technologies Inc. to develop the Rattlesnake Hills Gold Project in Wyoming. Group 11 can earn up to 70% interest in the project over five and a half years by completing $9.5 million in expenditures and making cash and equity payments. The first phase will initiate metallurgical tests to recover gold using an eco-friendly solution. Group 11 aims to transform gold mining with non-invasive extraction technology. The agreement marks a significant step in advancing GFG's development plans.

GFG Resources Inc. announced initial results from its 2021 Phase 1 drill program at the Pen Gold Project, totaling 5,800 meters. Twelve holes have reported assay results, confirming productive gold systems, particularly at Boundary and Slate Rock. Notable findings include gold values at Boundary of up to 5.74 g/t over 0.5m and at Slate Rock, several holes showed low-grade mineralization. The company plans a Phase 2 program starting in September and continues to advance the Rattlesnake Hills Gold Project in Wyoming. Further assay results are awaited, highlighting ongoing exploration potential.

GFG Resources Inc. (OTCQB: GFGSF) provided an update on its exploration program at the Pen Gold Project in Ontario. The project, covering a large land area near the Timmins Gold District, is expected to see 8,000 - 10,000 meters of drilling in 2021, with a budget of approximately C$3 million. Highlights include the completion of a Phase 1 drill program covering 5,800 meters, successful follow-up drilling, and new target testing. The company remains well-financed with C$2.5 million in cash, while it anticipates significant advancements in metallurgical testing for the Rattlesnake Hills project.

GFG Resources Inc. has signed an option and earn-in agreement with Group 11 Technologies to advance its Rattlesnake Hills Gold Project in Wyoming. Under the agreement, Group 11 can earn up to 70% of the Project by spending a minimum of $9.5 million on exploration and development over 7.5 years, alongside cash and equity payments. The innovative in-situ recovery technology aims to minimize environmental impact while enabling gold extraction. A management webcast is scheduled for April 15, 2021, to discuss details of this partnership.