Announcement Date: 2023-01-18
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: GFG Resources Inc.
Project name: Montclerg
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 16m at 9.85g/t Au, from 125.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: SASKATOON, Saskatchewan, Jan. 18, 2023 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces new high-grade gold assay results from its recently completed 17-hole 2022 Phase 2 drill program at the Montclerg Gold Project, located 40 kilometres (“km”) east of Timmins, Ontario. (see Table 1 and Figures 1-4). The results released today are from four drill holes in the MC Central target where GFG has continuously proven and grown a robust gold system since the Company acquired Montclerg in October 2021. 1 During the Phase 2 drill program, the Company completed a total of 17 holes (3,541 m) on the Goldarm Property located east of Timmins, Ontario. The Phase 2 drill program was designed to complete inll drilling to advance Montclerg towards resource, step-out holes to grow the Montclerg gold system and to begin testing high-priority gold targets within the Goldarm Property such as the Aljo Gold Mine target (“Aljo”). Of the 17 holes completed, 14 holes were completed at Montclerg and three holes at Aljo. In addition to the great results today, the Company is optimistic that the remaining holes will return strong results as signicant mineralized zones were observed.
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