Announcement Date: 2022-03-22
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: GFG Resources Inc.
Project name: Montclerg
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 7.5m @ 8.34g/t Au from 98.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: SASKATOON, Saskatchewan, March 22, 2022 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports new assay results from four drill holes that have intersected multiple zones of signicant gold mineralization at the Montclerg Gold Project (the “Project” and/or “Montclerg”), located 48 kilometres (“km”) east of the prolic Timmins Gold District in Ontario, Canada (See Figure 1). In 2022, GFG plans to drill approximately 10,000 m at Montclerg in parallel with a signicant regional exploration program at its Goldarm and Pen gold properties. Today’s results are from the inaugural drill program which was completed in the fourth quarter of 2021. To date, the Company has released assay results from nine of the 14 holes that have successfully returned both high-grade 1 and bulk tonnage intercepts from the MC Central target (See Table 1 and Figures 2-5). The remaining ve holes include additional testing of targets at MC Central and initial tests at MC East. The Company expects to report assay results from the remaining 2021 drill holes in the coming weeks.
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