GFG Resources Inc. announces that it has closed the oversubscribed, private placement financing for gross proceeds of C$3,114,653. Pursuant to the Offering, the Company issued 6,501,514 units of the Company at a price of C$0.145 per Unit for gross proceeds of C$942,719 ; 6,261,676 common shares of the Company that will qualify as "flow-through [...]
GFG Resources Inc. announces a private placement to raise gross proceeds of up to C$3.0 million . The Offering will consist of any combination of units of the Company at a price of C$0.145 per Unit; common shares of the Company that will qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of C$0.17 per FT Share; and [...]
GFG Resources Inc. announces that it has initiated its Phase 1 3,000 metre drill program testing bulk tonnage and high-grade vein targets at its Montclerg Gold Project . Drilling is anticipated to continue into December, with planning in progress for a more extensive H1 2022 program. The Montclerg Gold Project is located 48 kilometres east of the [...]
GFG Resources Inc. announces that the Company has completed its initial obligations pursuant to its previously announced definitive agreement with International Explorers and Prospectors Inc. to acquire a 100% interest in the Montclerg Gold Project . Under the terms of the Agreement, GFG has the right to acquire 100% of the Project by completing a [...]
GFG Resources Inc. is pleased to announce that it has entered into a definitive agreement with International Explorers and Prospectors Inc. to acquire a 100% interest in the Montclerg Gold Project . The Montclerg Gold Project is located 48 kilometres east of the prolific Timmins Gold Camp and is surrounded by multiple current and historic gold [...]
GFG Resources Inc. is pleased to announce that it has closed the previously announced 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 has the right to acquire, in multiple stages, up to [...]
GFG Resources Inc. reports the initial drill results from its recently completed 5,800 metre , Phase 1 2021 drill program at its 100% owned Pen Gold Project located west of the prolific Timmins Gold District in Ontario. During its Phase 1 drill program, the Company completed a total of 17 holes at the Slate Rock, R66, Boundary, Keith South and [...]
GFG Resources Inc. provides an update on its on-going exploration program at its 100% owned Pen Gold Project in Ontario, Canada. The Pen Gold Project is located approximately 40 km west of the prolific Timmins Gold District in Ontario. The contiguous land package, one of the largest in the region, consists of approximately 475 square km and is [...]
GFG Resources Inc. is pleased to announce that it has signed an 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 has the right to acquire, in multiple stages, up to 70% of the Project by [...]
GFG Resources Inc. is pleased to announce that Lisa Riley has been appointed as an independent member to the Board of Directors . In addition, the Company is pleased to welcome Carl Edmunds as a strategic technical advisor. "On behalf of GFG, I am pleased to welcome Lisa and Carl to the team. The combination of these two individuals will strengthen [...]
Highlights: Discovered gold mineralization on first pass drill testing of the Boundary Trend from hole PEN-20-070 ; Demonstrated that the Broadway Prospect is prospective over a 1.2 km trend from 600 m step-out hole that hit 5.43 g/t Au over 0.5 m; Hit multiple zones of broad gold mineralization along strike at the Nib Prospect in hole PEN-20-061 [...]
GFG Resources pursuant to the Company's annual executive compensation program, the Company announced that it has granted stock options to officers, employees and senior consultants to purchase up to an aggregate of 1,245,000 common shares of the Company. The stock options have various vesting periods and are exercisable for a period of five years [...]