Announcement Date: 2022-08-22
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: GFG Resources Inc.
Project name: Montclerg
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 15m @ 3.4g/t Au from 71m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: SASKATOON, Saskatchewan, Aug. 22, 2022 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports the remaining ve assay results from its 2022 Phase 1 drill program at the Montclerg Gold Project (the “Project” and/or “Montclerg”). The Project is located 48 kilometres (“km”) east of the prolic Timmins Gold District in Ontario, Canada (See Figure 1) which has produced over 70 million ounces of gold. The Project is surrounded by signicant infrastructure, easily accessible and can be explored year-round. 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. The 2022 Phase 1 drill program was designed to conrm continuity within the MC Central target, evaluate and expand the gold system via larger step-out holes focused over a strike length of 1 km and to complete an initial test of the CX target (See Tables 1-2 and Figures 1-3). In the second half of 2022, GFG plans to drill an additional 4,000 – 6,000 m at Montclerg and has initiated a signicant regional exploration program focused at its Montclerg and Goldarm properties that includes geophysics, till sampling, prospecting and mapping.
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