GFG Drills High-Grade Gold on First Drill Test KEY HIGHLIGHTS:
- First pass drilling at the Aljo Mine Target (“Aljo”) successfully returned high-grade gold intervals at shallow depths across multiple vein systems along with broader intervals of low-grade mineralization.
- ALJ-22-002: 3.03 grams per tonne gold (“g/t Au”) over 12.9 metres (“m”) including 59.80 g/t Au over 0.60 m and 6.58 g/t Au over 4.3 m including 27.4 g/t Au over 1.0 m
- Hole MTC-22-044 successfully confirmed gold mineralization continues 1 km to the east of MC Central intersecting two broad zones:
- MTC-22-044: 0.99 g/t Au over 9.7 m and 0.82 g/t Au over 7.7 m
- Since acquiring Montclerg just over a year ago, GFG has completed over 11,000 m of drilling from 47 holes and achieved approximately a 90% drilling hit rate.
- The Phase 1 2023 drill program has begun and is expected to consist of approximately 3,000 m of drilling. The program will focus on infill and step-out drilling on and around the Montclerg Gold Project.
- In 2023, the Company plans to complete three drill programs totalling 10-12,000 m of drilling. Additional exploration activities are scheduled across the Goldarm Property that include regional geophysical and geochemical surveys, mapping and significant data compilation and analysis.
SASKATOON, Saskatchewan, April 11, 2023 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports continued high-grade gold assay results from its 2022 Phase 2 drill program at the Montclerg Gold Project, located 40 kilometres (“km”) east of Timmins, Ontario. (see Tables 1-2 and Figures 1-4). Today’s results from the final five drill holes from the 2022 Phase 2 program demonstrate strong continuity and further expansion east of the Montclerg gold system and the high-grade potential at Aljo.
GFG Drills High-Grade Gold on First Drill Test at Aljo, (globenewswire.com)