GFG Resources Inc. announces that it has finalized the previously announced acquisition of 100% interest in 14 unpatented mining claims with private, arm's length vendors. The Coulson Claims are adjacent to the Company's newly consolidated Goldarm Property east of the prolific Timmins Gold District. The historic Aljo Mine is located on the Coulson Claims and was the focus of underground exploration and development during [...]
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 6,500-hectare WWCC property, subject to certain pre-existing encumbrances . In addition, the Company has staked a contiguous 6,800-hectare land package that is adjacent to the WWCC property, and [...]
GFG Resources Inc. announces that Mr. Rob Mackie, Vice President of Exploration, has resigned to pursue another opportunity. The Company has commenced a search for a new Vice President of Exploration. The current drill and exploration programs will not be disrupted, and the technical team will report to the CEO until the role is filled. Brian Skanderbeg, President and CEO of GFG, commented, "On behalf of the GFG team and [...]
GFG Resources Inc. announces that it has entered into a binding letter of intent with private, arm's length vendors to acquire a 100% interest in 14 unpatented mining claims adjacent to the Goldarm Property . Brian Skanderbeg, President and CEO of GFG, commented, "We are happy to add the strategic Coulson Claims that host historic underground development at the Aljo Mine to our recently consolidated land package. The [...]
GFG Resources Inc. is pleased to announce that the TSX Venture Exchange has conditionally approved its previously announced acquisition with International Explorers and Prospectors Inc. to acquire a 100% interest in the 6,500-hectare WWCC property , subject to certain pre-existing encumbrances. The Company anticipates to close the Agreement in the near future. About GFG Resources Inc. GFG is a North American precious [...]
KEY HIGHLIGHTS: Additional high-grade and bulk tonnage gold intercepts from four new assay results from the inaugural 2021 drill program at the Montclerg Gold Project Hole MTC-21-006 returned 8.34 grams of gold per tonne over 7.5 metres , 40 m east of hole MTC-21-005 that graded 4.82 g/t Au over 26.0 m MTC-21-007 intercepted multiple bulk-tonnage zones above 125 m depth that graded 1.40 g/t Au over 31.1 m and 1.11 g/t Au [...]
GFG Resources Inc. is pleased to report that it has received positive metallurgical results from the Rattlesnake Hills Gold Project located in Wyoming, U.S. from its option partner, Group 11 Technologies Inc. , . Provided below are the first test results in the process to develop In-situ Recovery technology for gold mining using EnviroMetal Technologies Inc. non-cyanide and environmentally friendly leaching solution. The [...]
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 6,500-hectare WWCC property, subject to certain pre-existing encumbrances. In addition, the Company has staked a contiguous 6,800-hectare land package that is adjacent to the WWCC property, and collectively with the Montclerg Gold Project, will be [...]
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 2,469,118 common shares of the Company. The stock options have various vesting periods and are exercisable for a period of five years at a price of $0.17 per common share, being the closing price on [...]
GFG Resources Inc. reports new assay results from three drill holes that have intersected multiple zones of significant gold mineralization at the Montclerg Gold Project , located 48 kilometres east of the prolific Timmins Gold District in Ontario, Canada . During the fourth quarter of 2021, the Company drilled a total of 3,210 metres from 14 holes in its inaugural Phase 1 drill program. To date, the Company has received [...]
GFG Resources Inc. announces that it has received assays from the first hole from its 2021 Phase 1 drill program at the Montclerg Gold Project . The hole returned both high grade and bulk tonnage intercepts from the MC Central Panel at Montclerg . In 2022, the Company is planning to drill approximately 10,000 metres at Montclerg with a first phase of 3-4,000 m of drilling to start in February. Hole MTC-21-001, a 50 m [...]
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 shares" for the purposes of the Income Tax Act at a price of C$0.17 per FT [...]
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