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 situated between Newmont's Borden Gold Mine and Pan American Silver's Timmins [...]
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 completing a series of exploration and development expenditures summarized [...]
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 our strategic planning and technical depth as we strive to be a North [...]
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 and hole PEN-20-062 ; 2021 winter drill program of 4-5,000 m has begun [...]
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 at a price of $0.165 per common share. The Company is also pleased to [...]
GFG Resources Inc. reports initial results from nine holes from its recently completed 8,900 metre , Phase 2 2020 drill program at its 100% owned Pen Gold Project . During the Phase 2 drill program, the Company completed a total of 30 holes testing multiple targets at the Sewell, HGM, Crawford, Nib, Boundary, Broadway and Broadsword regional targets . The remaining 21 holes are being processed and the Company will release [...]
GFG Resources Inc. has announced the election of four board members at its annual meeting held on November 12, 2020. Shareholders elected board members Patrick Downey, Arnold Klassen, Brian Booth and Brian Skanderbeg. Voting Results for GFG Nominee Votes For % Votes For Withheld % Votes Withheld Patrick Downey 33,928,214 99.895 35,600 .105 Arnold Klassen 33,925,202 99.886 38,612 .114 Brian Booth 33,928,214 99.895 35,600 [...]
GFG Resources Inc. has identified a new high-grade gold target with grab samples of up to 65.90 grams of gold per tonne from a recent prospecting program at its 100% owned, district-scale, Pen Gold Project . In addition to its surface exploration program, the Company is well advanced on its Phase 2 drill program at the Project. To date, the Company has completed 5,200 metres of the 8,500 metre drill program and expects to [...]
Brian Skanderbeg, President & CEO, GFG Resources Inc. , shares his company's story in an interview with TMX Group. The C-Suite at The Open video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange. Videos provide insight into how company executives think in the current business environment. To see the latest C-Suite at The Open videos visit [...]
GFG Resources Inc. announces that it has started its Phase II 8,500 metre drill program testing high-grade gold targets at its 100% owned, district-scale, Pen Gold Project . The Project is located approximately 40 kilometres 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 kilometres and is situated between [...]
GFG Resources Inc. provides an update on its current exploration programs including initial high-grade gold results from its on-going regional surface exploration program at its 100% owned Pen Gold Project in Ontario. The Pen Gold Project is located 40 km west of the prolific Timmins Gold District and is part of a consolidated, underexplored land package of approximately 680 square kilometres that includes the Dore Gold [...]
Key Points: Successful Phase 1 2020 drill program that included: • A new gold discovery at the Nib Prospect of 71.27 grams of gold per tonne over 8.5 metres . • Intercepted significant visible gold and broad zones of low-grade gold mineralization at Slate Rock target in hole PEN-20-049. • Extended the HGM Prospect down to 500 m depth intercepting up to 12.80 g/t Au over 1.0 m. Doubled 2020 exploration [...]