GFG Resources Inc.

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 series of exploration and development expenditures and making staged cash [...]

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 Main Zone and 5.78 g/t Au over 1.1 m in the Lower Footwall Zone. The Phase [...]

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 intervals drilled to-date at Montclerg within 60 m from surface. MTC-23-046 [...]

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 significant contributions towards advancing our exploration efforts in Timmins. We [...]

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 Company to IEP at a deemed value of C$0.1236 per common share based on 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 Au over 1.0 m Hole MTC-22-044 successfully confirmed gold mineralization [...]

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 gross proceeds of C$1,740,580; 2,250,000 common shares of the Company that [...]

GFG Resources Inc. announces that due to investor demand it has increased the size of its previously announced private placement financing to raise gross proceeds of up to C$4.2 million . In connection with the Offering, the Company is pleased to announce that Alamos Gold Inc. has committed to purchasing securities to increase their position to a 9.99% interest in the Company upon completion of the Offering. The Offering [...]

GFG Resources Inc. announces a private placement to raise gross proceeds of up to C$3.0 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 increase their position to a 9.99% interest in the Company upon completion of the Offering. The Offering will consist of any combination of units of the Company at a price of C$0.13 per [...]

KEY HIGHLIGHTS: New drill results from 8 holes continue to show strong continuity and extend high-grade gold mineralization of the Upper and Lower Footwall Zones at the Montclerg Gold Project . Hole MTC-22-036 returned near surface high-grade gold: 6.67 grams of gold per tonne over 6.0 metres in the Upper Footwall zone, up dip of holes MTC-22-035 and MTC-21-005 . To date, Hole MTC-22-042 returned the broadest and [...]