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NorthWest Copper Reports Strong Copper, Gold and Silver Drill Results From the Lorraine Project, Expanding Mineralization

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Thursday, March 23, 2023
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Drilling has encountered multiple intersections of copper, gold and silver outside of the resource shell.

Key Points: 
  • Drilling has encountered multiple intersections of copper, gold and silver outside of the resource shell.
  • “We are just getting started at Lorraine which we believe has very strong growth potential, not only around the resource but across the 65,817-hectare property.
  • copper, $1,650/oz gold, $21.50/oz silver, and recovery is assumed to be 86.0% for copper, 63.5% for gold and 61.6% for silver.
  • British Columbian alkalic porphyry systems are typically enriched in gold, silver and platinum-group-element, have high copper grades, and commonly contain several distinct porphyry centers.

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.