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GFG Resources Begins Drilling at Rattlesnake Hills Gold Project, Wyoming
SASKATOON, SK--(Marketwired - November 01, 2016) - GFG Resources Inc. (TSX VENTURE: GFG) ("GFG" or the "Company") is pleased to announce that it has received al
About this update from Gfg Resources, Inc.
[{"type":"text","content":"SASKATOON, SK--(Marketwired - November 01, 2016) - GFG Resources Inc. (TSX VENTURE: GFG) (\"GFG\" or the \"Company\") is pleased to announce that it has received all required permits to begin drilling at its 100% owned Rattlesnake Hills Gold Project in central Wyoming, United States. As part of its Phase II exploration program, the Company has initiated a 5,000 to 7,500 metre drill program that will focus on the direct extensions and proximal analogies at the North Stock and Antelope Basin deposits and the Black Jack target. The drill program will utilize two reverse circulation rigs and one core rig and will be completed in the fourth quarter of 2016. Brian Skanderbeg, President and CEO, commented, \"We are excited to initiate an aggressive fourth quarter drill program at our Rattlesnake Hills Gold Project. We have analyzed a significant amount of historical data and have completed our Phase 1 exploration program, which included a field program comprised of soil sampling and an airborne VTEM survey paired with detailed geological and structural mapping. The objective of the Phase II drill program will be to test direct extensions of known mineralization and proximal targets with a goal to expand the footprint of the mineralized systems. In addition to our drill program, we will conduct further soil sampling and analysis of historical and newly generated data to develop new target areas within our 33,500 acre land package at the Rattlesnake Hills Gold Project.\" 2016 Drill Program The Phase II drill program of 5,000 to 7,500 metres will focus on the following targets: North Stock: Precious metal mineralization at North Stock is hosted in breccia, phonolite and schist and has been defined by historic drilling in a broad, 100 metre by 300 metre tabular mineralized zone, extending over 500 metres deep. The Company will test extensions to the known mineralization to the northeast and southwest. In addition, infill holes are planned to test the area between Antelope Basin and North Stock where previous drilling intersected significant gold intervals in broadly spaced holes. Holes have also been designed to test a strong IP anomaly located to the southwest of North Stock and to test geochemical anomalies in soils and possible extensions of mineralization on the western side of North Stock. Highlights from historic drilling at North St...