Announcement Date: 2022-07-20
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: GFG Resources Inc.
Project name: Montclerg
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 70.4m @ 1.6g/t Au from 17.6m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: SASKATOON, Saskatchewan, July 20, 2022 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports new assay results from its 2022 Phase 1 drill program 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 Table 1 and Figures 1-3) which has produced over 70 million ounces of gold. The Company’s 2022 Phase 1 program was completed in April and consisted of 4,200 m and 17 drill holes testing multiple targets along the Montclerg gold system. To date, the Company has announced assays results from 12 holes and expects to announce the remaining ve holes in the coming weeks. Today’s assay results from the MC Central and step-out drilling to the east conrmed the continuity and robust character of the gold mineralization at Montclerg. Inll drilling in the MC Central zone returned the broadest 1 interval drilled by GFG to date of 1.60 g/t Au over 70.4 m and is interpreted to relate to a thickened section of the Upper and Lower Main zones. Step-out drilling validated the Company’s thesis that gold mineralization extends to the east by successfully intersecting gold mineralization 530 m east of the MC Central zone. (See Table 1 and Figure 2).
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