GFG Resources Inc. announces that it has increased its previously announced private placement of premium flow-through units and flow-through shares to raise gross proceeds of up to C$4.23 million . The Offering will consist of the issuance of up to 11,880,188 Premium Units at a price of C$0.2224 per Premium Unit and up to 8,550,129 FT Shares of the Company at a price of C$0.185 per FT Share, in any combination to maximum [...]
GFG Resources Inc. announces a private placement of premium flow-through units and flow-through shares to raise gross proceeds of up to C$4.0 million . As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. has committed to purchase securities in the Offering to maintain their position at a 10.8% interest in the Company upon completion of the Offering. The Offering will consist of the issuance [...]
GFG Resources Inc. announces the start of a 3,000-metre diamond drill program at the Aljo Gold Project on the east side of GFG's Goldarm Property in the Timmins Gold District, Ontario . The program is designed to: confirm grade continuity in the Main Zone, extend multiple Hangingwall zones, and aggressively expand the Footwall corridor, including the new FW3 discovery . In parallel, GFG is advancing its regional work [...]
GFG Resources Inc. reports the final assay results from the 12-hole Phase 1 2025 drill program at the Aljo Gold Project , located on the Company's Goldarm Property in the prolific Timmins Gold District of Ontario, Canada . Drilling successfully extended high-grade gold mineralization in the Hangingwall and Main Zones, confirmed broad mineralized envelopes in the Aljo West Zone, and led to the discovery of a new Footwall [...]
GFG Resources Inc. is pleased to announce it has been awarded funding from the Ontario Junior Exploration Program in support of its 2025 exploration activities at its projects located in the Timmins Gold District of Ontario. Under the terms of the program, GFG has received C$200,000 in matching funds to offset eligible exploration expenditures, including drilling, geophysical surveys, and base-of-till sampling. "We are [...]
KEY HIGHLIGHTS: Chabot Target: 3.90 grams of gold per tonne over 3.5 metres , including 9.62 g/t Au over 1 m near surface ; second zone returned 2.6 g/t Au over 1.3 m with over 1% zinc . Alpha Target : 1.00 g/t Au over 1.0 m , confirming the down-dip extension of a 2022 bedrock sample that graded 5.18 g/t Au. Foxtrot, Bravo, Charlie, and Delta Targets: Multiple zones of stratabound and remobilized sulphide mineralization [...]
KEY HIGHLIGHTS: ALJ-24-019 intersected multiple high-grade intervals relating to the Hangingwall , Main and newly expanded Footwall Zones. HW Zone returned 4.39 grams of gold per tonne over 3.4 metres , 7.76 g/t Au over 1.5 m and 5.24 g/t over 1.0 m extending the zone to near-surface. Main Zone returned numerous visible-gold bearing, stacked vein sets, confirming continuity. New FW Zone hosted in strongly-altered basalt [...]
GFG Resources has closed its private placement financing for gross proceeds of C$3,000,000. In connection with the Offering, Alamos Gold Inc. purchased securities and will hold a 10.8% interest in the Company. Brian Skanderbeg, President and CEO of GFG commented, "This successful financing, along with the continued support from Alamos, is a testament to our long-term strategy, strong asset base, and promising growth [...]
GFG Resources Inc. announces that it has issued shares pursuant to the previously announced option agreement with International Explorers and Prospectors Inc. whereby GFG can acquire a 100% interest of the WWCC Property, located 40 kilometres east of Timmins, Ontario . Pursuant to the Agreement, GFG issued a total of 1,334,757 common shares of the Company to IEP on April 11, 2025 at a deemed value of C$0.187 per common [...]
GFG Resources Inc. announces that it has increased and amended its previously announced private placement . The Company has decided to increase the Offering to C$3.0 million and amend the sale of premium flow-through units to provide that each Premium Unit will now consist of one common share of the Company and one whole share purchase warrant , with each Warrant entitling the holder thereof to acquire one additional [...]
GFG Resources Inc. announces a private placement of premium flow-through units to raise gross proceeds of up to C$2.5 million . As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. has committed to purchase securities in the Offering to maintain their position at a 10.8% interest in the Company upon completion of the Offering. Brian Skanderbeg, President and CEO of GFG commented, "With the [...]
GFG Resources Inc. has acquired strategic claims within the Company's Pen Gold Project located west of Timmins, ON. The Company paid a total purchase price of C$4,500 to acquire a 100% ownership of the claims. In addition, and pursuant to the Company's annual executive compensation program, the Company announces that it has granted stock options to directors and officers to purchase up to an aggregate of 3,812,000 common [...]