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GFG Resources Confirms Continuity - Drills 3.40 g/t Au Over 15.0 m at the Montclerg Gold Project, East of the Prolific Timmins Gold District
KEY HIGHLIGHTS: Demonstrated strong continuity at MC Central zone with multiple gold zones intersected: MTC-22-029: 4.98 grams of gold per tonne (“g/t Au”) over
About this update from Gfg Resources, Inc.
[{"type":"text","content":" KEY HIGHLIGHTS: Demonstrated strong continuity at MC Central zone with multiple gold zones intersected: MTC-22-029: 4.98 grams of gold per tonne (“g/t Au”) over 7.1 metres (“m”). MTC-22-030: 3.40 g/t Au over 15.0 m. Achieved over 85% hit rate in drilling since acquiring the Montclerg Gold Project in October of 2021. Surface regional exploration program demonstrating high prospectivity across the Goldarm Property with approximately 300 rock samples and 63 till samples collected. 2022 Phase 2 drill program is expected to begin in October with approximately 4,000 – 6,000 m. 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. 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. The 2022 Phase 1 drill program was designed to confirm continuity within the MC Central target, evaluate and expand the gold system via larger step-out holes focused over a strike length of 1 km and to complete an initial test of the CX target (See Tables 1-2 and Figures 1-3). In the second half of 2022, GFG plans to drill an additional 4,000 - 6,000 m at Montclerg and has initiated a significant regional exploration program focused at its Montclerg and Goldarm properties that includes geophysics, till sampling, prospecting and mapping. “With our first two drill programs completed and assays received, we are excited by the opportunity that exists at Montclerg,” stated Brian Skanderbeg, President and CEO of GFG. “The results to date have demonstrated a robust, near-surface, gold system with solid continuity in multiple lenses and it remains open in many directions. As we strengthen our geological model and understanding of the mineralizing system, we grow more confident in the potential to uncover the next Timmins gold deposit.” “As we look ahead to the remainder ...