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GFG Resources Inc V.GFG

Alternate Symbol(s):  GFGSF

Metals & Mining Gold
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 district scale gold projects in tier one mining jurisdictions. 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 and consists of five patented mining claims and 110 unpatented mining claims that cover 10 kilometer (km) of the prospective Pipestone Deformation Zone. The Pen Gold Project is located 50 km southwest of the prolific gold district and town of Timmins, Ontario and represents a land package of approximately 475 square kilometers (km2). 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.


TSXV:GFG - Post by User

GFG Resources Inc
Bullboard Posts
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(11)
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Comment by Franschoekon May 28, 2020 3:27pm
183 Views
Post# 31084234

RE:Advice from someone in Mining please.....

RE:Advice from someone in Mining please.....Well, a 300 meter hole is within open pit territory.  Lower capex than UG, widely disseminated Gold is easier to bulk mine with truck and shovel.  So for open pit the lower grade longer intersection looks preferable to me.  That said, a nice fat 10g by 10m intersection at above 300 meters hints at maybe something much sweeter to be discovered below.  So the reaction in stock price probably stronger on the 10 by 10.
jmo
frans
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities