GFG Resources nnounces a private placement to raise gross proceeds of up to C$3.3 million. As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. has committed to purchase securities in the Offering to maintain their position at a 9.99% interest in the Company upon completion of the Offering. The Offering will consist of [...]
GFG Resources pursuant to the Company's annual executive compensation program, the Company announced that it has granted stock options to directors, officers, employees and senior consultants to purchase up to an aggregate of 3,590,000 common shares of the Company. The stock options have various vesting periods and are exercisable for a period of [...]
Hole ALJ-23-004 returned broad zones of anomalous gold from surface to approximately 265 m downhole in mafic volcanics below the Aljo Mine workings along with high-grade zones with visible gold including: 3.65 grams of gold per tonne over 6.3 metres including 18.40 g/t Au over 1.1 m from 125.7 m downhole; and 13.35 grams g/t Au over 3.6 m [...]
Hole MTC-23-060 intercepted multiple near-surface lenses in the bulk tonnage MC Main Zone including 24.9 metres of 1.05 grams of gold per tonne and 41.8 m of 0.92 g/t Au at the Montclerg Gold Project . Hole MTC-23-062 returned one of the highest-grade intercepts drilled to-date within the bulk-tonnage style Main Zone of 3.09 g/t Au over 12.8 m and [...]
GFG Resources Inc. announces that it has completed its earn-in requirements to earn 100% of the Montclerg Gold Project pursuant to the previously announced option agreement with International Explorers and Prospectors Inc. Pursuant to the Agreement, GFG issued its final share payment of 3,535,168 common shares of the Company to IEP, exceeded the [...]
GFG Resources Inc. announces the termination of its option and earn-in agreement with Group 11 Technologies Inc. , a privately-owned corporation, to advance GFG's Rattlesnake Hills Gold Project in Wyoming, United States. Under the terms of the Agreement, Group 11 had the right to acquire, in multiple stages, up to 70% of the Project by completing a [...]
KEY HIGHLIGHTS: Hole MTC-23-057 returned the deepest high-grade Lower Footwall intercept to-date at the Montclerg Gold Project yielding 10.21 grams of gold per tonne over 2.7 m including 16.20 g/t Au over 1.5 metres from 330 m below surface. Hole MTC-23-056 intersected multiple zones at MC Central highlighted by 0.92 g/t Au over 33.0 m in the Lower [...]
KEY HIGHLIGHTS: Drilling at the Montclerg Gold Project continues to return high-grade and bulk tonnage intercepts demonstrating continuity within an expanding gold system. Hole MTC-23-054 returned multiple gold zones with a highlight of: 9.97 grams of gold per tonne over 8.1 metres in the Upper Footwall zone, yielding one of the best gram-metre [...]
GFG Resources Inc. announces the appointment of Mr. Anders Carlson as Vice President, Exploration effective May 15, 2023. In connection with the change, Dr. Natalie Pietrzak-Renaud will remain as a consultant in an advisory role for a period of time to ensure a smooth transition. "We are grateful to Natalie for her unwavering commitment and [...]
GFG Resources Inc. announces that it has issued shares pursuant to the previously announced option agreement with International Explorers and Prospectors Inc. whereby GFG can acquire a 100% interest of the WWCC Property, located 40 kilometres east of Timmins, Ontario . Pursuant to the Agreement, GFG issued a total of 1,213,592 common shares of the [...]
KEY HIGHLIGHTS: First pass drilling at the Aljo Mine Target successfully returned high-grade gold intervals at shallow depths across multiple vein systems along with broader intervals of low-grade mineralization. ALJ-22-002: 3.03 grams per tonne gold over 12.9 metres including 59.80 g/t Au over 0.60 m and 6.58 g/t Au over 4.3 m including 27.4 g/t [...]
GFG Resources Inc. has closed the oversubscribed, private placement financing for gross proceeds of C$4,199,578. In connection with the Offering, Alamos Gold Inc. purchased securities to increase their position to a 9.99% interest in the Company. Pursuant to the Offering, GFG issued 13,389,076 units of the Company at a price of C$0.13 per Unit for [...]
