11/15/2018
SASKATOON, Saskatchewan, Nov. 15, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) and its partner, Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Limited (ASX: NCM) (“Newcrest”), 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.
Brian Skanderbeg, President and CEO commented, “The decision to suspend the Phase 1 drill program was based on challenging field conditions moving into the winter season. Our timeline to complete drill testing of the deep porphyry and greenfield targets during the option period with Newcrest remains intact. We look forward to working with Newcrest over the winter months to strengthen our understanding of the North Stock system as
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11/01/2018
SASKATOON, Saskatchewan, Nov. 01, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) has partnered with VRify Technology Inc. (“VRify”) to provide investors and prospective investors a virtual tour of the Pen Gold Project and Renmark Financial Communications Inc. (“Renmark”) 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 360° presentations, 3D models and more. The VRify tour of the Pen Gold Project can be viewed on the following sites: The Company’s website The VRify website Or by downloading the VRify App on your iOS device in the App Store or on your Android device in the Google Play Store Instructions for accessing and viewing the Pen Gold Project tour in the VRify App: Open the app and click on the tab located on the left-hand side titled
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10/29/2018
SASKATOON, Saskatchewan, Oct. 29, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) 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 (See Figure 1).
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 20-kilometre segment in the eastern portion of the Pen Gold Project;
The Phase 1 drill program will consist of 5,000 to 6,000 metres in 25 to 30 holes ranging in depth from 150 to 300 metres;
Drilling has commenced at the eastern extent of the Deerfoot regional target and will sequentially test targets in the Jehann and Reeves regions;
The drill program will test newly generated targets from the integration
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10/10/2018
SASKATOON, Saskatchewan, Oct. 10, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) 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 Limited (ASX: NCM) (“Newcrest”), through its option and earn-in agreement (the “Agreement”) (see news release dated September 11, 2018). The drill program will include two drill rigs and will focus on testing deep gold porphyry targets proximal to the North Stock deposit. Drilling will continue through the end of November 2018 with a second phase drill program scheduled for the second half of 2019.
Brian Skanderbeg, President and CEO commented, “Following our recent partnership with Newcrest, we acted quickly to formalize permitting and mobilized two drill rigs to test select high priority
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09/20/2018
SASKATOON, Saskatchewan, Sept. 20, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) confirms camp scale targets and outlines new highly prospective areas from its regional till sampling program at its 100% owned Pen Gold Project (“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 exploration programs with the objectives to build a district model to prioritize and test drill targets with approximately 5,000 to 6,000 metres of drilling.
Highlights: Completion of Phase 1 till program outlines 5 priority target areas that are associated with highly prospective regional structures and confirms regional gold prospectivity;
Returns results of up to 2,470 ppb gold and 142 gold grains from regional till sampling;
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09/12/2018
SASKATOON, Saskatchewan, Sept. 12, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”), 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 southwest of Casper. The Project is comprised of 1,573 unpatented lode mining claims as well as eight Wyoming State mining leases covering an area of approximately 30,400 acres. The Project is centrally located within a roughly 1,500-kilometre-long belt of alkalic intrusive complexes that occur along the eastern side of the Rocky Mountains from Montana to New Mexico. As disclosed by the Company on September 11, 2018, the Company has signed an option and earn-in
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09/11/2018
SASKATOON, Saskatchewan, Sept. 11, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) is pleased to announce that it has signed an option and earn-in agreement (the “Agreement”) with Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Limited (ASX: NCM) (“Newcrest”) to advance GFG’s Rattlesnake Hills Gold Project (the “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 expenditures (“Exploration Expenditure”) summarized below and making staged option cash payments totaling US$1.25 million to GFG.
Newcrest is one of the world’s largest gold mining companies, operating four mines in Australia and the Asia – Pacific regions producing approximately 2.35 million ounces of gold in 2018. Newcrest has extensive experience in discovering, developing and operating in
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06/25/2018
SASKATOON, Saskatchewan, June 25, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV:GFG) (OTCQB:GFGSF) (“ GFG ” or the “ Company ”) is pleased to announce that it has completed the acquisition of the Sewell Property from a subsidiary of Alamos Gold Inc. (“Alamos”) (TSX:AGI) (NYSE:AGI), 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 ( see Figure 1 ). The Company will incorporate the Sewell Property in its 2018 exploration program and may allocate drilling metres to follow-up on the historic drill intercepts.
Pen Gold Project Including Recently Acquired Sewell Property Sewell Property Details The Sewell Property is highly prospective as it hosts favourable geology and several historic high-grade drill intercepts. Previous explorers targeted the Sewell Property along the Deerfoot Deformation Zone, the same major structural
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06/01/2018
SASKATOON, Saskatchewan, June 01, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV:GFG) (OTCQB:GFGSF) (“ GFG ” or the “ Company ”) is pleased to announce that it has entered into a purchase and sale agreement (the “Agreement”) with Richmont Mines Inc. (“Richmont”), a subsidiary of Alamos Gold Inc. (TSX:AGI) (NYSE:AGI), 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 the Pen Gold Project’s eastern boundary ( See Figure 1 ). Following the acquisition of the Sewell Property, GFG’s Pen Gold and Dore Gold properties will comprise nearly 700 square kilometres (“km 2 ”) in one of the most prolific gold districts in the world.
GFG Resources Inc.'s Pen Gold Project Property Map West of Timmins, ON Brian Skanderbeg, President and CEO of GFG, commented, “The acquisition of the Sewell Property adds significant exploration
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05/24/2018
SASKATOON, Saskatchewan, May 24, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V:GFG) (OTCQB:GFGSF) (“GFG” or the “Company”) is pleased to announce that it has completed a high-resolution helicopter-borne magnetic survey (9,850 line-kilometres on 50-metre line spacing) 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 square kilometre property (See Figures 1, 2 and 3) . A property-wide structural model has been constructed from this new data to trace the major (first order) and minor (second order) deformation zones and prospective structural settings. This data is crucial to provide context to known gold occurrences and has identified numerous new structural targets for investigation during the upcoming field campaign in preparation for the 8,000 metre drill program in the third
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05/10/2018
SASKATOON, Saskatchewan, May 10, 2018 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V:GFG) (OTCQB:GFGSF) (“GFG” or the “Company”) is pleased to announce that it has staked highly prospective claims adjacent to its Dore Gold Project, located 20 kilometeres northwest of IAMGOLD’s Cote Lake gold project and 25 kilometres southeast of Goldcorp’s Borden gold project. From the recent staking program, the Company added 80 square kilometres (8,000 hectares) that host key regional structures and a similar geologic setting to gold deposits and occurrences near to the Dore Gold Project. (See Figures 1 and 2) . The Company’s total land position at the Dore Gold Project is now approximately 205 square kilometres (20,500 hectares). Figure 1: Updated Dore Gold Project Property Outline Figure 2: Pen and Dore Gold Projects Regional Map The expanded Dore Gold Project now covers the interpreted westward extensions of the Rundle and Rideout shear zones. Both of these structural corridors are
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04/02/2018
GFG Resources Inc. (TSX-V:GFG) (OTCQB:GFGSF) (“GFG” or the “Company”) is pleased to announce the appointment of Mr. Rob Mackie as Vice President, Exploration Canada effective immediately. Mr. Mackie will be responsible for leading the Company’s exploration program at its recently acquired Pen Gold and Dore Gold projects located west of the prolific Timmins gold district in Ontario, Canada .
“We are pleased to welcome Rob and his expertise in greenfield targeting and exploration to our leadership team,” stated Brian Skanderbeg, President and CEO. “Rob’s significant experience in applying modern exploration techniques to identify and prioritize drill targets will be valuable at our highly prospective Ontario gold projects.” Mr. Mackie is a registered professional geologist with over 12 years of experience in mineral exploration with major, mid-tier, and junior mining companies. Prior to joining GFG, he was a principal consultant geologist with CSA Global and a senior project
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03/22/2018
GFG Resources Inc. (TSX-V:GFG) (OTCQB:GFGSF) (“GFG” or the “Company”) outlines an aggressive 2018 exploration program following the recent acquisition of the Pen Gold and Dore Gold projects within the western portion of the Abitibi greenstone belt west of Timmins, Ontario, Canada (See Figure 1). The fully funded, C$3.0 million exploration program, being conducted 30 kilometres west of the Timmins West gold mine, will include airborne and ground geophysics, till sampling, prospecting, mapping, and approximately 8,000 metres (“m”) of diamond drilling.
Brian Skanderbeg, President and CEO commented, “We are excited to launch the first ever systematic, district scale exploration program in this under-explored portion of the Abitibi greenstone belt. Our 565 square kilometre land package has all the geological hallmarks that have led to over 70 million ounces of gold production in the Timmins gold district and the recent multi-million-ounce gold discoveries at Borden Lake and Cote
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03/02/2018
GFG Resources Inc. (TSX-V:GFG) (OTCQB:GFGSF) (“GFG” or the “Company”) announces that it has granted, subject to certain vesting requirements, stock options to officers and employees to purchase up to an aggregate of 675,000 common shares of the Company, exercisable for a period of five years at a price of C$0.405 per common share. The incentive stock options were granted in accordance with the Company’s Stock Option Plan.
In satisfaction of a contract and debt owing by the Company’s wholly owned subsidiary Rapier Gold Inc., the Company has agreed to issue a total of 150,000 GFG common shares at a price of $0.33 per share in the aggregate amount of $50,000. The share issuance is subject to the acceptance for filing of applicable regulatory authorities. About GFG Resources Inc.
GFG Resources is a North American precious metals exploration company headquartered in Saskatoon, Saskatchewan, Canada , whose shares trade on the TSX Venture Exchange (GFG) and on the OTCQB (GFGSF).
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02/28/2018
GFG Resources Inc. (TSX-V:GFG) (OTCQB:GFGSF) (“GFG” or the “Company”) and Rapier Gold Inc. (TSX-V:RPR) (“Rapier”) are pleased to announce the completion of the previously announced plan of arrangement (the “Arrangement”) whereby GFG acquired all of the issued and outstanding shares of Rapier. The Arrangement was an integral part of the Company’s recent land consolidation west of the prolific gold mining district of Timmins, Ontario . With the completion of this transaction, GFG now controls 700 square kilometres (“km 2 ”) of highly prospective district scale gold assets in tier one mining jurisdictions in Ontario and Wyoming .
Brian Skanderbeg, President and CEO of GFG, commented, “We are very pleased to complete the Rapier acquisition and welcome all Rapier shareholders and stakeholders. Our recent land consolidation in Ontario leverages our skill set and complements our strategy to control district scale gold projects that are highly prospective and located in tier one mining
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02/26/2018
Rapier Gold Inc. (TSXV:RPR) (“ Rapier ”) and GFG Resources Inc. (TSXV:GFG) (OTCQB: GFGSF) (“ GFG ”) are pleased to announce that the companies have received a final order from the Supreme Court of British Columbia approving the acquisition by GFG of all of the issued and outstanding securities of Rapier by way of a plan of arrangement (the “ Arrangement ”).
Subject to receipt of final acceptance of the Arrangement by the TSX Venture Exchange, Rapier and GFG intend to complete the Arrangement effective Wednesday, February 28, 2018. About Rapier Gold Inc. Rapier Gold Inc. is a Canada-based gold mining and exploration company, listed on the TSX Venture Exchange on March 8, 2013. Rapier’s activities are solely focused on exploring the Pen Gold Project which comprises 16,448 hectares (approximately 160 sq. km), 75 km southwest of Timmins, Ontario, in close proximity to the western extension of the Porcupine-Destor Deformation (Fault) Zone, one of the most productive gold structures
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02/20/2018
Rapier Gold Inc. (TSX-V:RPR) (“ Rapier ”) and GFG Resources Inc. (TSX‑V:GFG) (OTCQB:GFGSF) (“ GFG ”) announce today an update on the proposed transaction, pursuant to which GFG has agreed to acquire all of the issued and outstanding common shares of Rapier by way of a plan of arrangement (the “ Arrangement ”).
Following securityholder approval, the Arrangement remains subject to certain conditions, including the receipt of a final order from the Supreme Court of British Columbia. Rapier appeared before the Court with respect to the Arrangement on February 19, 2018, and one shareholder filed a Response to Petition opposing the Arrangement. The Court has reserved its judgement until February 26, 2018. Rapier and GFG continue to believe that the Arrangement represents compelling value for all Rapier securityholders. About Rapier Gold Inc. Rapier Gold Inc. is a Canada -based gold mining and exploration company, listed on the TSX Venture Exchange on March 8, 2013 . Rapier’s
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02/05/2018
2017 Highlights:
Plan map of North Stock and Antelope Basin 2017 drill results and historic drill highlights Regional map of the Rattlesnake Hills Gold Project Step-out drilling significantly expanded the western strike extension at North Stock by 175 metres with holes RSC-189 which intersected three broad zones of mineralization including 0.82 grams per tonne of gold (“g/t Au”) over 99.1 metres (“m”), 0.48 g/t Au over 57.9 m and 0.71 g/t Au over 50.3 m. Extended gold mineralization at Antelope Basin 200 metres to the east towards the Cowboy target with an intercept of 0.43 g/t Au over 73.2 m, including 0.61 g/t Au over 36.6 m in hole RSC-184 and 0.52 g/t Au over 19.8 m and 0.60 g/t Au over 9.1 m in hole RSR-026. Drill hole RSR-030 extended the discovery at the Cowboy target to the north by 75 metres with an intercept of 0.88 g/t Au over 9.2 m. Intercepted broad intervals of gold mineralization in the Middle Ground (RSR-011: 0.88 g/t Au over 18.3 m and 0.59 g/t Au over 53.3 m)
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01/11/2018
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES GFG Resources Inc. (TSX-V:GFG) (OTCQB:GFGSF) (“GFG” or the “Company”) is pleased to announce that it has closed the second tranche of its non-brokered private placement (the “Concurrent Financing”) previously announced on December 11, 2017, for gross proceeds of C$2,745,000. The total gross proceeds raised in the Concurrent Financing was C$6,973,305. In combination with the first tranche which closed on December 21, 2017 , the Company issued a total of 5,460,555 flow-through common shares at a price of C$0.55 per share for gross proceeds of C$3,003,305 (the “ FT Private Placement ”) and 7,940,000 units at a price of C$0.50 per unit for gross proceeds of C$3,970,000 (the “ Non-FT Private Placement ”), with each unit consisting of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of C$0.75 for a
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