06/02/2025
Gold and base metals mineralization intersected at multiple targets; exploration budget increased to support aggressive H2 program KEY HIGHLIGHTS: Chabot Target: 3.90 grams of gold per tonne (“g/t Au”) over 3.5 metres (“m”), including 9.62 g/t Au over 1 m near surface (PEN-25-100); second zone returned 2.6 g/t Au over 1.3 m with over 1% zinc (1) . Alpha Target (Muskego North Shear Zone): 1.00 g/t Au over 1.0 m (MSK-25-004), confirming the down-dip extension of a 2022 bedrock sample that graded 5.18 g/t Au. Foxtrot, Bravo, Charlie, and Delta Targets: Multiple zones of stratabound and remobilized sulphide mineralization with elevated gold, copper, and zinc values in structurally and lithologically favorable settings. Pending results from an additional 5 drill holes at the Aljo Gold Target (“Aljo”) to be released as they become available. Increased exploration budget to approximately C$4.4M that will focus at Aljo and other high-priority targets. Drilling at Aljo to resume in July 2025
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05/12/2025
KEY HIGHLIGHTS: ALJ-24-019 intersected multiple high-grade intervals relating to the Hangingwall (“HW”), Main and newly expanded Footwall (“FW”) Zones. HW Zone returned 4.39 grams of gold per tonne (“g/t Au”) over 3.4 metres (“m”), 7.76 g/t Au over 1.5 m and 5.24 g/t over 1.0 m extending the zone to near-surface. Main Zone returned numerous visible-gold bearing, stacked vein sets, confirming continuity. New FW Zone hosted in strongly-altered basalt associated with porphyry dyking with assays of 7.26 g/t Au over 0.6 m, 4.20 g/t Au over 0.7 m and 2.17 g/t Au over 1.5 m. ALJ-24-021 and 22 confirmed a high-grade, near-surface western extension to the Main Zone intersecting 4.24 g/t Au over 3.0 m including 12.00 g/t Au over 1.0 m and 4.38 g/t Au over 1.3 m including 8.21 g/t Au over 0.7 m. Pending results from an additional 5 drill holes at Aljo to be released as they become available. Drilling at Aljo to resume in July 2025 with an aggressive 3,000 drill program focused on targeting the
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05/02/2025
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, May 02, 2025 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) has closed its private placement financing (the “ Offering ”) for gross proceeds of C$3,000,000. In connection with the Offering, Alamos Gold Inc. (“Alamos”) ( TSX: AGI; NYSE: AGI ) purchased securities and will hold a 10.8% interest in the Company. Brian Skanderbeg, President and CEO of GFG commented , “This successful financing, along with the continued support from Alamos, is a testament to our long-term strategy, strong asset base, and promising growth prospects. With a strong cash position, we have the capability to sustain our aggressive exploration strategy, with a focus on advancing the Aljo Gold Project to resource stage and making the next significant gold discovery in the world-class Timmins Gold District through strategic growth and innovation. In the coming months, we are
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04/14/2025
SASKATOON, Saskatchewan, April 14, 2025 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces that it has issued shares pursuant to the previously announced option agreement (the “ Agreement ”) with International Explorers and Prospectors Inc. (“ IEP ”) whereby GFG can acquire a 100% interest of the WWCC Property, located 40 kilometres east of Timmins, Ontario ( see news release: “ GFG Finalizes WWCC Property Acquisition East of the Prolific Timmins Gold District”) . Pursuant to the Agreement, GFG issued a total of 1,334,757 common shares of the Company to IEP on April 11, 2025 at a deemed value of C$0.187 per common share based on the VWAP for the five previous trading days. The common shares issued will have a statutory hold period of four months and one day from the date of issuance. About GFG Resources Inc.
GFG is a North American precious metals exploration company focused on district scale gold projects in tier one mining
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04/11/2025
SASKATOON, Saskatchewan, April 11, 2025 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces that it has increased and amended its previously announced private placement (" Offering "). The Company has decided to increase the Offering to C$3.0 million and amend the sale of premium flow-through units (" Premium Units ") to provide that each Premium Unit will now consist of one common share of the Company and one whole share purchase warrant (a “ Warrant ”), with each Warrant entitling the holder thereof to acquire one additional common share of the Company at an exercise price of C$0.28 for a period of 24 months from the date of issuance. Each of the common shares and Warrants comprising the Premium Units will qualify as a “flow-through share” for the purposes of the Income Tax Act (Canada). If during the exercise period of the Warrants the closing price of the common shares of the Company is at a price equal to or greater than C$0.42
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04/03/2025
SASKATOON, Saskatchewan, April 03, 2025 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces a private placement of premium flow-through units (" Premium Units ") to raise gross proceeds of up to C$2.5 million (the “ Offering ”). As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. ( TSX: AGI; NYSE: AGI ) has committed to purchase securities in the Offering to maintain their position at a 10.8% interest in the Company upon completion of the Offering. Brian Skanderbeg, President and CEO of GFG commented , "With the support of our largest shareholder, the current financing enables us to step-up our exploration efforts and leverage cost-effective flow-through capital. Upon completion of this financing, GFG will be in a very strong financial position, allowing us to continue to capitalize on opportunities and build value for our shareholders.” The Offering will consist of the issuance of up to 9,201,325
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03/21/2025
SASKATOON, Saskatchewan, March 21, 2025 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) has acquired strategic claims within the Company’s Pen Gold Project located west of Timmins, ON. The Company paid a total purchase price of C$4,500 to acquire a 100% ownership of the claims. In addition, and pursuant to the Company’s annual executive compensation program, the Company announces that it has granted stock options to directors and officers to purchase up to an aggregate of 3,812,000 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 $0.195 per common share, being the closing price on March 17, 2025. All options were granted pursuant to the Company’s stock option plan. Lastly, as previously reported on March 6, 2025 , the Company will issue 111,111 common shares of the Company to Apitipi Anicinapek Nation pursuant to its recently signed exploration
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03/17/2025
KEY HIGHLIGHTS: ALJ-24-020 intersected multiple high-grade intervals returning 32.70 grams of gold per tonne (“g/t Au”) over 0.5 metres (“m”) and 6.62 g/t Au over 11.2 m including 7.24 g/t Au over 10.2 m. ALJ-24-017 returned a broad gold zone near-surface in the Hangingwall (“HW”) Zone of 1.74 g/t Au over 13.2 m including 24.20 g/t Au over 0.5 m, and expanded the Footwall (“FW”) Zones down to 430 m with 1.51 g/t Au over 5.2 m including 4.68 g/t Au over 1.5 m. ALJ-24-018 demonstrated the stacked vein nature of the system with highlights of 4.13 g/t Au over 5.2 m including 8.98 g/t Au over 2.2 m, and 5.90 g/t Au over 1.4 m, extending the strike length of the Aljo system to 600 m and supporting an extension to the east. Pending results for an additional 9 drill holes at Aljo, an aggressive follow-up drill program will commence in the second half of 2025 focused on targeting the depth and strike extensions of the FW, Main and HW Zones. Inaugural drill program at Muskego is on-going,
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03/06/2025
SASKATOON, Saskatchewan, March 06, 2025 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) is pleased to announce that it has entered into an Exploration Agreement (“ EA ”) with Apitipi Anicinapek Nation (“ AAN ”) with respect to the Company’s Goldarm Property (“ Goldarm ” or the “ Project ”) located in the world-class Timmins Gold District of Ontario, Canada. The EA sets the stage for continuous consultation with AAN, providing the community with the chance to engage in the Project through employment, training, and business growth opportunities. As outlined in the EA, GFG will allocate contributions to a community fund based on its exploration expenses in AAN territory. Furthermore, within 10 business days of TSXV approval, the Company will issue $20,000 in GFG common shares to AAN. GFG will calculate the number of shares based on the average closing price of the shares for the five days preceding this announcement, or such alternative
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