GFG Resources Inc. provides an update on the previously announced non-brokered private placement of flow-through common shares of the Company . The Company anticipates closing the financing consisting of the sale of approximately 5.5 million FT Shares at a price of C$0.29 per FT Share for gross proceeds of approximately C$1,500,000 on or about December 21, 2018. The Company will be conducting the financing consisting of [...]
GFG Resources Inc. announces a non-brokered private placement to raise gross proceeds of up to C$2.0 million . The Offering will consist of the sale of up to 5.2 million Tranche A flow-through common shares of the Company at a price of C$0.29 per A FT Share and of up to 2.0 million Tranche B flow-through common shares of the Company at a price of C$0.25 per B FT Share. Brian Skanderbeg, President and CEO commented [...]
GFG Resources Inc. and its partner, Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Ltd. , have elected to suspend the 2018 drill program due to deteriorating field conditions on its Rattlesnake Hills gold property. The Company completed approximately 1,000 metres of drilling in two drill holes. The drill holes did not reach their intended target depth and will be left open for completion in 2019 [...]
GFG Resources Inc. has partnered with VRify Technology Inc. to provide investors and prospective investors a virtual tour of the Pen Gold Project and Renmark Financial Communications Inc. to support its communications and investor relations activities. VRify delivers cutting-edge technology to provide a platform that hosts virtual tours of global projects which are accessible from the palm of your hand through interactive [...]
GFG Resources Inc. is pleased to announce that drilling has started at its 100% owned Pen Gold Project located within the western portion of the Abitibi greenstone belt west of Timmins, Ontario, Canada . Location of Pen & Dore Gold Projects 2018 Drill Targets: Deerfoot, Reeves & Jehann Key Highlights: Objective of the Phase 1 drill program is to drill test approximately 15 priority targets distributed across a [...]
GFG Resources Inc. has started its 2018 drilling program at its Rattlesnake Hills Gold Project in Wyoming, United States. The program will consist of approximately 3,000 metres and is fully funded by GFG’s partner, Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Ltd. , through its option and earn-in agreement . The drill program will include two drill rigs and will focus on testing deep gold [...]
GFG Resources Inc. confirms camp scale targets and outlines new highly prospective areas from its regional till sampling program at its 100% owned Pen Gold Project in Ontario, Canada. The Project, located 40 kilometres from the prolific Timmins Gold Camp, is a consolidated land package which consists of approximately 475 square kilometres. Since acquiring the Project in March, GFG has conducted extensive surface [...]
GFG Resources Inc. , at the request of IIROC, is providing additional disclosure relating to its September 11, 2018 news release titled “GFG Signs Option and Earn-In Agreement with Newcrest to Advance the Rattlesnake Hills Gold Project”. The Rattlesnake Hills Gold Project: The Rattlesnake Hills Gold Project is a district scale gold exploration project located in central Wyoming approximately 100 kilometres [...]
GFG Resources Inc. is pleased to announce that it has signed an option and earn-in agreement with Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Ltd. to advance GFG’s Rattlesnake Hills Gold Project in Wyoming, United States. Under the terms of the Agreement, Newcrest has the right to acquire, in multiple stages, up to 75% of the Project by completing a series of exploration and development [...]
SASKATOON, Saskatchewan, June 25, 2018 -- GFG Resources Inc. is pleased to announce that it has completed the acquisition of the Sewell Property from a subsidiary of Alamos Gold Inc. , in exchange for 390,930 GFG common shares. The Sewell Property is located 10 kilometres west of Tahoe Resources’ West Timmins Gold Mine and is contiguous to portions of the Pen Gold Project’s eastern boundary . The Company will [...]
SASKATOON, Saskatchewan, June 01, 2018 -- GFG Resources Inc. is pleased to announce that it has entered into a purchase and sale agreement with Richmont Mines Inc. , a subsidiary of Alamos Gold Inc. , to acquire a 100% interest in the Sewell Property in exchange for 390,930 GFG common shares. The Sewell Property is located 10 kilometres west of Tahoe Resources’ West Timmins Gold Mine and is contiguous to portions of [...]
SASKATOON, Saskatchewan, May 24, 2018 -- GFG Resources Inc. is pleased to announce that it has completed a high-resolution helicopter-borne magnetic survey over a large portion of the Pen Gold Project, located between Tahoe Resources’ West Timmins gold mine and Goldcorp’s Borden gold project. The new magnetic survey, combined with existing data, now provides complete coverage of the highly prospective 445 [...]