Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

GFG Resources Inc V.GFG

Alternate Symbol(s):  GFGSF

GFG Resources Inc. is a Canada-based precious metals exploration company. The principal business of the Company is to acquire, explore and develop interests in exploration and evaluation assets. The Company is focused on two prospective gold assets in tier one mining jurisdictions, Ontario and Wyoming. The Company operates three gold projects in Ontario, within the prolific gold district of Timmins, Ontario, Canada. The Montclerg Gold Project is located approximately 48 kilometers (km) east of Timmins, Ontario. The Pen Gold Project is located 50 km southwest of the prolific gold district and town of Timmins, Ontario. The Dore Gold Project is located approximately 40 km east of Newmont’s Borden Gold Mine and 30 km northwest of IAMGOLD’s Cote Lake gold project in Ontario. It also owns 100% of the Rattlesnake Hills Gold Project located in Central Wyoming approximately 100 km southwest of Casper on the western side of Natrona County. It comprises of 1,573 unpatented lode mining claims.


TSXV:GFG - Post by User

Post by Geodan2on Jan 24, 2022 8:47am
155 Views
Post# 34351604

PR take, most holes have more mineralization

PR take, most holes have more mineralizationhttps://www.gfgresources.com/news/press-release-details/2022/GFG-Intercepts-Multiple-Gold-Zones-in-First-Hole-at-the-Montclerg-Gold-Project-and-Provides-Corporate-Update/default.aspx GFG Intercepts Multiple Gold Zones in First Hole at the Montclerg Gold Project and Provides Corporate Update 01/24/2022 This looks good. Possibly the thickest >1gram gold ore drillhole on first new drill hole: "Hole MTC-21-001, a 50 m step-out hole from historic drilling in 1986, has returned multiple bulk tonnage intercepts which include 1.56 grams of gold per tonne (“g/t Au”) over 27.5 m and 0.78 g/t Au over 40.5 m. Hole MTC-21-001 is the first hole to follow-up from the 1986 drilling and outlines stacked zones of vein-hosted and disseminated gold mineralization. In the Phase 1 program, the Company completed 11 holes focused on the MC Central target and three holes on the MC Eastern target; testing a strike length in excess of 500 m. Assay results are pending for the remaining holes and the Company expects to report these results throughout the first quarter." That is 2 separate zones in same borehole. So 61 meters with over 1 gram avg of gold in first hole, then they say: "The majority of the completed drill holes, for which assays are pending, have similar or more intense alteration, veining and sulphide to that seen in MTC-21-001 which, along with historical intercepts within the MC Central, East and West targets, is suggestive of a large gold system." and Brian Skanderbeg, President and CEO commented, “We are very pleased with these initial results from step-out drilling as they confirm our belief that the Project hosts a significant gold system that merits an aggressive exploration program. We look forward to the results from the remaining 13 holes from our 2021 program and believe they will continue to demonstrate the scale and opportunity to grow the gold systems on the Project. Based on results received to date and logging of the outstanding holes, we are planning a much more aggressive program for 2022 with drilling to ramp-up again in mid-Q1.” At the Rattlesnake Hills Gold Project, metallurgical test work remains on going with the Company’s joint venture partner Group 11 Technologies Inc. (“Group 11”). The Rattlesnake Hills Gold Project provides a variety of mineralized settings that are ideal for the research Group 11 is conducting to apply In-Situ Recovery technology for the extraction of gold which could reduce the use of conventional mining methods. Initial metallurgical results from Group 11’s Stage 1 program are pending and GFG anticipates being able to provide an update in the near future. As the results become available, Group 11 will confirm next steps on conducting further laboratory testing and potential field work. Group 11’s goal is to demonstrate that the non-cyanide, water-based solution along with In-Situ Recovery technology can effectively recover gold and be applied to the gold mining industry. There is a good chance there is an economic to mine deposit there. Links to high res figs are in PR links, here are two most important https://ml.globenewswire.com/Resource/Download/f4869435-eba0-45d7-97e7-3db6bcc82bed?size=0 https://ml.globenewswire.com/Resource/Download/33808122-c2ac-4796-9de1-2653b9db386c?size=0
<< Previous
Bullboard Posts
Next >>