GFG Resources Inc. announces that it has received assays from the first hole from its 2021 Phase 1 drill program at the Montclerg Gold Project . The hole returned both high grade and bulk tonnage intercepts from the MC Central Panel at Montclerg . In 2022, the Company is planning to drill approximately 10,000 metres at Montclerg with a first phase of 3-4,000 m of drilling to start in February. Hole MTC-21-001, a 50 m [...]
GFG Resources Inc. announces that it has closed the oversubscribed, private placement financing for gross proceeds of C$3,114,653. Pursuant to the Offering, the Company issued 6,501,514 units of the Company at a price of C$0.145 per Unit for gross proceeds of C$942,719 ; 6,261,676 common shares of the Company that will qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of C$0.17 per FT [...]
GFG Resources Inc. announces a private placement to raise gross proceeds of up to C$3.0 million . The Offering will consist of any combination of units of the Company at a price of C$0.145 per Unit; common shares of the Company that will qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of C$0.17 per FT Share; and premium units of the Company at a price of C$0.207 per Premium Unit, subject [...]
GFG Resources Inc. announces that it has initiated its Phase 1 3,000 metre drill program testing bulk tonnage and high-grade vein targets at its Montclerg Gold Project . Drilling is anticipated to continue into December, with planning in progress for a more extensive H1 2022 program. The Montclerg Gold Project is located 48 kilometres east of the prolific Timmins Gold Camp and is adjacent to multiple current and historic [...]
GFG Resources Inc. announces that the Company has completed its initial obligations pursuant to its previously announced definitive agreement with International Explorers and Prospectors Inc. to acquire a 100% interest in the Montclerg Gold Project . Under the terms of the Agreement, GFG has the right to acquire 100% of the Project by completing a series of staged equity payments, transferring assessment credits and [...]
GFG Resources Inc. is pleased to announce that it has entered into a definitive agreement with International Explorers and Prospectors Inc. to acquire a 100% interest in the Montclerg Gold Project . The Montclerg Gold Project is located 48 kilometres east of the prolific Timmins Gold Camp and is surrounded by multiple current and historic gold mines . The Project consists of five patented mining claims and 110 unpatented [...]
GFG Resources Inc. is pleased to announce that it has closed the previously announced option and earn-in agreement with Group 11 Technologies Inc. , a privately-owned corporation, to advance GFG's Rattlesnake Hills Gold Project in Wyoming, United States . Under the terms of the Agreement, Group 11 has the right to acquire, in multiple stages, up to 70% of the Project by completing a series of exploration and development [...]
GFG Resources Inc. reports the initial drill results from its recently completed 5,800 metre , Phase 1 2021 drill program at its 100% owned Pen Gold Project located west of the prolific Timmins Gold District in Ontario. During its Phase 1 drill program, the Company completed a total of 17 holes at the Slate Rock, R66, Boundary, Keith South and Sewell North prospects . Assay results for 12 holes have been received and are [...]
GFG Resources Inc. provides an update on its on-going exploration program at its 100% owned Pen Gold Project in Ontario, Canada. The Pen Gold Project is located approximately 40 km west of the prolific Timmins Gold District in Ontario. The contiguous land package, one of the largest in the region, consists of approximately 475 square km and is situated between Newmont's Borden Gold Mine and Pan American Silver's Timmins [...]
GFG Resources Inc. is pleased to announce that it has signed an option and earn-in agreement with Group 11 Technologies Inc. , a privately-owned corporation, to advance GFG's Rattlesnake Hills Gold Project in Wyoming, United States. Under the terms of the Agreement, Group 11 has the right to acquire, in multiple stages, up to 70% of the Project by completing a series of exploration and development expenditures summarized [...]
GFG Resources Inc. is pleased to announce that Lisa Riley has been appointed as an independent member to the Board of Directors . In addition, the Company is pleased to welcome Carl Edmunds as a strategic technical advisor. "On behalf of GFG, I am pleased to welcome Lisa and Carl to the team. The combination of these two individuals will strengthen our strategic planning and technical depth as we strive to be a North [...]
Highlights: Discovered gold mineralization on first pass drill testing of the Boundary Trend from hole PEN-20-070 ; Demonstrated that the Broadway Prospect is prospective over a 1.2 km trend from 600 m step-out hole that hit 5.43 g/t Au over 0.5 m; Hit multiple zones of broad gold mineralization along strike at the Nib Prospect in hole PEN-20-061 and hole PEN-20-062 ; 2021 winter drill program of 4-5,000 m has begun [...]
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