Key Points: Successful Phase 1 2020 drill program that included: • A new gold discovery at the Nib Prospect of 71.27 grams of gold per tonne over 8.5 metres . • Intercepted significant visible gold and broad zones of low-grade gold mineralization at Slate Rock target in hole PEN-20-049. • Extended the HGM Prospect down to 500 m depth [...]
GFG Resources announces that it has closed the oversubscribed, non-brokered private placement financing for gross proceeds of C$5,905,624. As previously disclosed, Alamos Gold Inc. has purchased securities under the Offering to obtain a 9.9% interest in the Company. Pursuant to the Offering, the Company issued 15,818,420 common shares of the [...]
GFG Resources announces that it intends to increase the size of its previously announced non-brokered private placement financing to an aggregate total of approximately C$6.0 million to accommodate demand from existing and new shareholders. As previously disclosed, Alamos Gold Inc. has committed to purchase securities under the Offering to obtain a [...]
GFG Resources Inc. announces a non-brokered private placement to raise gross proceeds of up to C$5.0 million. As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. has committed to purchase securities under the Offering to obtain a 9.9% interest in the Company upon completion of the Offering. The Offering will consist of [...]
GFG Resources Inc. reports it has intersected a significant high-grade gold system at the Nib Prospect at its 100% owned Pen Gold Project located 40 kilometres west of the prolific Timmins Gold District in Ontario, Canada. Hole PEN-20-47 intersected 71.27 grams of gold per tonne over 8.5 metres including 511.00 g/t Au over 1.15 m at a vertical [...]
GFG Resources Inc. reports it has been advised by Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Ltd. of its decision to withdraw from the option and earn-in agreement for the Rattlesnake Hills Gold Project in Wyoming, United States. The Project remains 100% owned and controlled by GFG. Since September 2018, Newcrest has [...]
GFG Resources Inc. announces that it has extended the option period under the Rattlesnake Hills Gold Project option and earn-in Agreement with Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Ltd. from March 9, 2020 to May 1, 2020. The extension will allow Newcrest additional time to consider exercising its option to enter into [...]
Highlights: Phase 1 2020 Drill program has commenced and is focussed on testing the HGM, Nib, Broadway and Slate Rock targets with approximately 3,500 metres; Hole PEN-19-40 intersected 2.29 g/t Au over 2.5 metres in initial drilling at the new Broadway target; and Hole PEN-19-041 intersected altered feldspar-porphyry at the Crawford target which [...]
GFG Resources Inc. , report assay results from the 2019 drill program at the Rattlesnake Hills Gold Project in Wyoming, United States that is managed by GFG under the option and earn-in agreement with Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Ltd. . The drill program, consisting of 3,900 metres of core drilling in three [...]
Highlights: Hole PEN-19-39 intersected stacked mineralized lenses at the HGM target highlighted by 7.53 g/t Au over 2.2 metres and 25.96 g/t Au over 1.0 metre ; Hole PEN-19-36 intersected two distinct mineralized intervals highlighted by 0.93 g/t Au over 7.4 metres ; Assays pending on four holes and portions of Hole PEN-19-39 from the 2019 Phase 2 [...]
GFG Resources Inc. is pleased to announce the results from its recently completed regional prospecting program which has successfully extended existing regional gold targets and outlined new highly prospective areas at its 100% owned Pen Gold Project in Ontario, Canada . The Project is located 40 kilometres west of the prolific Timmins Gold [...]
GFG Resources Inc. announces that it has resumed drilling at its 100% owned, district-scale, Pen Gold Project located 20 kilometres west of the prolific Timmins Gold District in Ontario. Over the next six months, the Company plans to drill approximately 6,500 metres of which approximately 2,500 metres will be completed before year-end 2019 and the [...]
