07/09/2019
Highlights: Brownfield Drill Targets in Plan View Map North-South Cross Section Map of Brownfield Targets Northwest-Southeast Cross Section Map of Brownfield Targets The drill program will consist of 5,000 to 6,000 metres in six to eight holes using two core drill rigs testing both brownfield and greenfield targets; The majority of the drill program, approximately 5,000 metres in four to six holes, will test moderate to deep gold targets below the North Stock deposit where historic deep drilling intersected 2.49 grams of gold per tonne (g/t Au) over 22.9 metres; Greenfield targets are currently being prioritized and may see up to 1,000 metres of drilling in two to four holes; The 2019 exploration program has a budget of approximately US$3.5 million and is anticipated to be completed in October; and GFG is the operator of the program and will receive a 10% management fee on the total expenditures. SASKATOON, Saskatchewan, July 09, 2019 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V: GFG)
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06/20/2019
Highlights: 2019 Phase 1 Drill Program Target Map at the Pen Gold Project 2019 Phase 1 Drill Results: Slate Rock Target 2019 Phase 1 Drill Results: Deerfoot Region and Crawford Target 2019 Phase 1 Drill Results: Crawford Cross Section Map 2019 Phase 1 Drill Results: Jehann East Target 2019 Phase 1 Drill Results: Reeves Target Initial drilling at the Slate Rock target successfully outlined broad gold mineralization in hole PEN-19-025 grading 0.47 grams of gold per tonne (“g/t Au”) over 25.3 metres, including 3.58 g/t Au over 1.0 metre; Follow-up drilling at the recent Crawford discovery confirmed several distinct styles of gold mineralization down-dip of the discovery hole hosting up to 2.50 g/t Au over 1.0 metre and a new lower zone that graded 0.19 g/t Au over 20.3 metres; A comprehensive summer field program is well underway at the Pen Gold Project that includes regional till sampling, ground geophysics, prospecting and mapping; A Phase 2 drill program at the Pen Gold Project of
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04/24/2019
SASKATOON, Saskatchewan, April 24, 2019 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) is pleased to announce the results from its Phase 2 regional till sampling program which has successfully confirmed and extended regional gold targets and outlined new highly prospective areas at its 100% owned Pen Gold Project (“Project”) in Ontario, Canada. The Project is located 40 kilometres west of the prolific Timmins Gold Camp and is part of a consolidated, underexplored land package of approximately 680 square kilometres that includes the Dore Gold Project. Figure 1: Schematic map of the till sampling processes Till sampling results from the west block of the Pen Gold Project Till sampling results - east block of the Pen Gold Project Highlights: Follow-up sampling 200 metres (“m”) up-ice of the Slate Rock anomaly encountered a significant increase in gold grain counts, to 220 gold grains, of which 83% were pristine shaped, signaling the sample
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04/03/2019
Highlights: Pen Gold Project drill targets Deerfoot and Sewell Target Map Plan map of the Crawford and HGM targets Crawford cross section map Nib-Yellowknife plan map of 2018 drill results Core photo of new Crawford gold zone Discovered new gold zone along the Porcupine-Destor Fault Zone (“PDFZ”) at the Crawford target in hole PEN-18-016 grading 21.26 grams of gold per tonne (“g/t Au”) over 1.7 metres (“m”), making it a priority target for additional work in 2019; High-grade intercept at the HGM target of 9.20 g/t Au over 0.9 m in hole PEN-18-013 which is located 400 m east of the Crawford target; At the Nib-Yellowknife target, PEN-18-017: 0.89 g/t Au over 7.0 m successfully intercepted multiple zones of mineralization with visible gold present, making it a priority target in future drill programs; and The 4,000 m Phase 1 2019 drill program at the Pen Gold Project is on-going with two drill rigs testing high priority targets in the Reeves, Slate Rock, Jehann and Deerfoot regions.
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02/27/2019
Key Highlights:
GFG Resources Inc. Pen & Dore Gold Projects Location Map 2019 Phase 1 Drill Targets at Reeves, Jehann & Deerfoot 2019 Phase 1 Drill Target at Slate Rock 2019 drill program to consist of approximately 8,000 metres in two phases at the Pen Gold Project; Initiated the 2019 Phase 1 drill program consisting of approximately 4,000 metres in 13-15 drill holes testing six new targets in the Reeves, Jehann, Deerfoot and Slate Rock regions (See Figure 2 and 3); Complete further regional till sampling with the objective to infill areas where gold anomalies have been outlined and to evaluate other gold-bearing corridors where no till sampling has been completed; Conduct a 50-line-kilometre IP survey over the new Jehann region where many significant gold-in-till anomalies have been identified in an area that hosts multiple splays of the Destor-Porcupine Fault Zone (“DPFZ”); and 2018 Drill Results: Initial six holes released while the remaining 13 holes are pending
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01/17/2019
Highlights: Figure 1: Pen Gold Project Drill Targets Figure 2: Deerfoot and Sewell Target Map Figure 3: Sewell Plan Map Figure 4: Sewell Cross Section Core Photo of PEN-18-015 Intersected three distinct high-grade gold structures 50 metres (“m”) west of historic drilling at the Sewell prospect with PEN-18-001: 3.57 grams per tonne of gold (“g/t Au”) over 5.55 m, including 7.44 g/t Au over 1.85 m; 4.20 g/t Au over 1.00 m and 14.70 g/t Au over 0.75 m; Confirmed high-grade gold mineralization at the Sewell prospect with hole PEN-18-015 that returned 33.77 g/t Au over 1.05, including 63.88 g/t Au over 0.55 m; The Company completed 19 holes (4,744 m) with 13 holes pending assay results; and The 2019 exploration program at the Pen Gold Project will ramp-up in early-February with a 4,000 m drill program focused on high priority targets including Reeves, Slate Rock, Jehann and Deerfoot. SASKATOON, Saskatchewan, Jan. 17, 2019 (GLOBE NEWSWIRE) - GFG Resources Inc. (TSX-V: GFG) (OTCQB:
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