Announcement Date: 2023-02-08
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: GFG Resources Inc.
Project name: Montclerg
Location: Canada
Commodities: Gold
Highlight: Drilling results incl. 5m at 8.46g/t Au from 307.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: SASKATOON, Saskatchewan, Feb. 08, 2023 (GLOBE NEWSWIRE) — GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports continued 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 Tables 1-2 and Figures 1-5). Today’s results are from eight drill holes from the MC Central target and demonstrate strong continuity and continued expansion of the gold system. 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. To date, GFG has received 12 holes from the 17-hole program and anticipates announcing the remaining holes during the rst quarter of 2023.
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