Rattlesnake Hills

GFG Confirms Continuity - Drills 3.40 g/t Au Over 15.0 m at the Montclerg Gold Project, East of the Prolific Timmins Gold District

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Monday, August 22, 2022
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SASKATOON, Saskatchewan, Aug. 22, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports the remaining five assay results from its 2022 Phase 1 drill program at the Montclerg Gold Project (the “Project” and/or “Montclerg”). The Project is located 48 kilometres (“km”) east of the prolific Timmins Gold District in Ontario, Canada (See Figure 1) which has produced over 70 million ounces of gold. The Project is surrounded by significant infrastructure, easily accessible and can be explored year-round.

Key Points: 
  • The Company completed 17 holes in its Phase 1 2022 drill program at Montclerg (See Tables 1-2 and Figures 2-3).
  • This 4,200 m drill program was designed to complete infill and step-out holes over a one km segment of the Montclerg gold system.
  • MTC-22-026 is a 100 m step-out hole testing the lower mafic stratigraphy where hole MTC-21-012 intersected 8.26 g/t Au over 1.0 m in 2021.
  • This area of the MC East target has only been tested sporadically and remains open at depth and along strike.

GFG Drills 1.60 g/t Au Over 70.4 m, Continues to Expand Montclerg Gold Project, East of the Prolific Timmins Gold District

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Wednesday, July 20, 2022
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SASKATOON, Saskatchewan, July 20, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports new assay results from its 2022 Phase 1 drill program at the Montclerg Gold Project (the “Project” and/or “Montclerg”), located 48 kilometres (“km”) east of the prolific Timmins Gold District in Ontario, Canada (See Table 1 and Figures 1-3) which has produced over 70 million ounces of gold. The Company’s 2022 Phase 1 program was completed in April and consisted of 4,200 m and 17 drill holes testing multiple targets along the Montclerg gold system. To date, the Company has announced assays results from 12 holes and expects to announce the remaining five holes in the coming weeks.

Key Points: 
  • The Company completed 17 holes in its Phase 1 2022 drill program at Montclerg (See Table 1 and Figures 2-3).
  • This 4,200 m drill program was designed to complete infill and step-out holes over a one km segment of the Montclerg gold system.
  • The hole intersected a broad zone grading 1.51 g/t Au over 21.7 m and ended in mineralization as the hole was terminated prematurely.
  • The technical review will further assess the amenability and recovery rates for extracting gold using an eco-friendly water-based solution.

GFG Intercepts Multiple Gold Zones in First Hole at the Montclerg Gold Project and Provides Corporate Update

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Monday, January 24, 2022
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We are well-financed and strongly believe that our exploration plans and upcoming catalysts from both Montclerg and Rattlesnake Hills will drive shareholder value.

Key Points: 
  • We are well-financed and strongly believe that our exploration plans and upcoming catalysts from both Montclerg and Rattlesnake Hills will drive shareholder value.
  • In 2022, the Company plans to complete 10,000 m of drilling on its Timmins portfolio with an emphasis on the Montclerg Gold Project.
  • The Montclerg Gold Project is located 48 kilometres (km) east of the prolific Timmins Gold Camp and is adjacent to multiple current and historic gold mines (See Figure 1).
  • The Company also owns 100% of the Rattlesnake Hills Gold Project, a district scale gold exploration project located approximately 100 kilometres southwest of Casper, Wyoming, U.S.

GFG Closes Oversubscribed Private Placement of C$3.1 Million

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Tuesday, November 30, 2021
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SASKATOON, Saskatchewan, Nov. 30, 2021 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces that it has closed the oversubscribed, private placement financing (the “Offering”) (see news release dated November 9, 2021) for gross proceeds of C$3,114,653.

Key Points: 
  • NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
    SASKATOON, Saskatchewan, Nov. 30, 2021 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (GFG or the Company) announces that it has closed the oversubscribed, private placement financing (the Offering) (see news release dated November 9, 2021) for gross proceeds of C$3,114,653.
  • The Company is pleased to close the oversubscribed financing and grateful for the continued support from our existing and new owners, stated Brian Skanderbeg, President and CEO of GFG.
  • With the financing complete, we are well positioned to continue our aggressive exploration approach to advance both our Ontario and Wyoming gold projects.
  • GFG is a North American precious metals exploration company focused on district scale gold projects in tier one mining jurisdictions, Ontario and Wyoming.

GFG Announces Private Placement Financing of up to C$3.0 Million

Retrieved on: 
Tuesday, November 9, 2021
Rattlesnake Hills, MI, Industry, Policy, News, Income Tax Act, Income Tax Act 1967, Offering, TSX Venture Exchange, Technology, Minority, Exercise, Sale, TSX, Company, GLOBE, With-profits policy, Group 11 element, FOR, Warrant, GFG, NOT, Gold, Premium, Life insurance, Security (finance), Cryptocurrency

SASKATOON, Saskatchewan, Nov. 09, 2021 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces a private placement to raise gross proceeds of up to C$3.0 million (the “Offering”).

Key Points: 
  • NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES
    SASKATOON, Saskatchewan, Nov. 09, 2021 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (GFG or the Company) announces a private placement to raise gross proceeds of up to C$3.0 million (the Offering).
  • Each Premium Unit shall consist of one FT Share (a Premium FT Share) and one-half of one Warrant.
  • The Offering is being made by way of private placement in Canada and such other jurisdictions as the Company may determine.
  • GFG is a North American precious metals exploration company focused on district scale gold projects in tier one mining jurisdictions, Ontario and Wyoming.

GFG Provides Exploration Update and Launches 3,000 Metre Drill Program at Montclerg Gold Project, East of Timmins

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Monday, November 8, 2021
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The Montclerg Gold Project is located 48 kilometres (km) east of the prolific Timmins Gold Camp and is adjacent to multiple current and historic gold mines (See Figure 1).

Key Points: 
  • The Montclerg Gold Project is located 48 kilometres (km) east of the prolific Timmins Gold Camp and is adjacent to multiple current and historic gold mines (See Figure 1).
  • GFG recently closed the acquisition of the Project, and in parallel with the drill program, will advance a systematic exploration program to evaluate and improve the property scale understanding.
  • Brian Skanderbeg, President and CEO commented, We have already made great progress at Montclerg and are now in a position to begin our Phase 1 drill program.
  • In addition to the on-going drill program at Montclerg, the Company will continue additional exploration activities and target development.

GFG and Group 11 Technologies Set to Begin Phase 1 Program to Advance the Rattlesnake Hills Gold Project with Disruptive Technology

Retrieved on: 
Monday, July 26, 2021
Chemical elements, Physical sciences, Chemistry, WYOMING, Gold mining, Gold, Rattlesnake Hills, Mining

Group 11 has the option to extend any stage for 12 additional months by making a US$500,000 cash payment to GFG.

Key Points: 
  • Group 11 has the option to extend any stage for 12 additional months by making a US$500,000 cash payment to GFG.
  • The Rattlesnake Hills Gold Project is a district-scale gold exploration project located in central Wyoming, approximately 100 kilometres southwest of Casper.
  • About Group 11 Technologies Inc.
    Group 11 is a private US-based company committed to the development and application of environmentally and socially responsible precious metals mineral extraction.
  • The Company also owns 100% of the Rattlesnake Hills Gold Project, a district scale gold exploration project located approximately 100 kilometres southwest of Casper, Wyoming, United States.