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GFG Resources Announces Drill Results from the Rattlesnake Hills Gold Project in Wyoming, US
SASKATOON, Saskatchewan, Jan. 16, 2020 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”), report assay results from th
About this update from Gfg Resources, Inc.
[{"type":"text","content":" SASKATOON, Saskatchewan, Jan. 16, 2020 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”), report assay results from the 2019 drill program at the Rattlesnake Hills Gold Project (“RSH” or the “Project”) in Wyoming, United States that is managed by GFG under the option and earn-in agreement with Newcrest Resources Inc., a wholly-owned subsidiary of Newcrest Mining Limited (ASX: NCM) (“Newcrest”). The drill program, consisting of 3,900 metres of core drilling in three holes, tested multiple gold targets proximal to the North Stock deposit (See Table 1 and Figures 1 and 2). Brian Skanderbeg, President and CEO commented, “The 2019 drill program intercepted broad gold intervals associated with shallow extensions to the RSH gold system, extending the North Stock system to the west and southeast. This initial test of the North Deep and South Deep targets outlined encouraging and widespread alteration, brecciation, sulphidation and multiple porphyry bodies; however, results from this test returned relatively low gold grades. Working with a high-caliber Newcrest team over the past 16-months has strengthened our exploration model and understanding of the district. Over the next few months, we will work on developing a plan to advance and prioritize the many drill-ready brownfield and greenfield targets across the property that remain to be tested. While we plan our next steps at RSH, we anticipate being in a position to announce the remaining assay results from our Pen Gold Project and will begin our 4,000 metre drill program in the coming weeks.” Drill Results Commentary The 2019 drill program consisted of 3,900 metres of core drilling from three holes testing the South Deep and North Deep targets as well as strike extensions to North Stock and Antelope Basin deposits (See Figures 1 and 2). The deep targets were developed to test for potential feeder zones to the gold mineralization at the North Stock diatreme-hosted deposit while passing through prospective extensions of shallower mineralization. RSC-194 tested four distinct targets, namely the strike extension of the Antelope Basin deposit, the Cowboy Target, the South Deep Target and the North Deep Target (See Figure 1 and 2). The upper portion of the hole hosted 0.55 grams of gold per tonne (“g/t Au”) over 57.7 metres in altered schist cut by...