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GFG Intersects 0.84 g/t Gold over 38.1 Metres in New Discovery at Rattlesnake Hills Gold Project, Wyoming
SASKATOON, SK--(Marketwired - March 16, 2017) - GFG Resources Inc. (TSX VENTURE: GFG) (OTCQB: GFGSF) ("GFG" or the "Company") announces drill results from its 2
About this update from Gfg Resources, Inc.
[{"type":"text","content":"SASKATOON, SK--(Marketwired - March 16, 2017) - GFG Resources Inc. (TSX VENTURE: GFG) (OTCQB: GFGSF) (\"GFG\" or the \"Company\") announces drill results from its 2016 drill program at its 100% controlled Rattlesnake Hills Gold Project in central Wyoming, United States. In 2016, the Company completed a 12-hole, 3,500 metre drill program focused on three advanced target areas: North Stock, Antelope Basin and Blackjack. Highlights: Step-out hole RSC-185 discovered a new zone of mineralization 240 metres northeast of Antelope Basin and 350 metres southeast of North Stock with an intercept of 0.84 grams of gold per tonne (\"g/t Au\") over 38.1 metres. Drilling the area between North Stock and Antelope Basin further demonstrates linkage potential with an intercept of 0.60 g/t Au over 73.2 metres. Aggressive 15,000 metre drill program planned for 2017 focused on expanding known zones of mineralization and testing five high priority greenfield targets. Brian Skanderbeg, President and CEO commented, \"We are very encouraged by the results of our 2016 program, in particular the discovery of a new zone northeast of Antelope Basin. In addition, drill results located between North Stock and Antelope Basin demonstrate the potential to link the two deposits. Linking the two deposits would be significant as it would represent a mineralized system that is nearly 1.5 kilometres in strike length. Overall, the drilling results support our team's new geologic model of the Rattlesnake Hills Gold Project and continue to illustrate the scale and discovery potential of the district. In 2017, we will take a strategic approach to expand on historic drilling, further test the new discovery and test five greenfield targets that we generated from our 2016 exploration program.\" 2016 Drill Program The program was designed to drill test several targets in a short window of time. Specifically, the program was designed to test for extensions of mineralization beyond and below historic drilling, drill geochemical anomalies that had never been tested, and test the continuity of mineralization between North Stock and Antelope Basin. The bulk of the program, nine holes, focused in the North Stock and Antelope Basin areas and the remaining three holes targeted extensions at Blackjack. North Stock and Antelope Basin Drilling The Company completed seven step-out ...