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GFG Resources Drills 0.82 g/t Gold over 99.1 Metres & Provides Summary of 2017 Drill Program at Rattlesnake Hills Gold Project
2017 Highlights: Step-out drilling significantly expanded the western strike extension at North Stock by 175 metres with holes RSC-189 which intersected three b
About this update from Gfg Resources, Inc.
[{"type":"text","content":"2017 Highlights: Step-out drilling significantly expanded the western strike extension at North Stock by 175 metres with holes RSC-189 which intersected three broad zones of mineralization including 0.82 grams per tonne of gold (“g/t Au”) over 99.1 metres (“m”), 0.48 g/t Au over 57.9 m and 0.71 g/t Au over 50.3 m. Extended gold mineralization at Antelope Basin 200 metres to the east towards the Cowboy target with an intercept of 0.43 g/t Au over 73.2 m, including 0.61 g/t Au over 36.6 m in hole RSC-184 and 0.52 g/t Au over 19.8 m and 0.60 g/t Au over 9.1 m in hole RSR-026. Drill hole RSR-030 extended the discovery at the Cowboy target to the north by 75 metres with an intercept of 0.88 g/t Au over 9.2 m. Intercepted broad intervals of gold mineralization in the Middle Ground (RSR-011: 0.88 g/t Au over 18.3 m and 0.59 g/t Au over 53.3 m) between North Stock and Antelope Basin demonstrating the potential to link the two deposits and outline a system that is approximately 1.1 kilometres in length. Advancing geological and resource modelling at the Rattlesnake Hills Gold Project to support a maiden National Instrument 43-101 resource estimate in Q2 2018. In December, consolidated a significant land position west of the prolific gold district of Timmins, Ontario, with the acquisition of the West Porcupine Property and the Swayze Project and completed a financing of approximately C$7.0 million. SASKATOON, Saskatchewan, Feb. 05, 2018 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V:GFG) (OTCQB:GFGSF) (“GFG” or the “Company”) is pleased to announce the remaining assay results and provide a summary of its 2017 exploration drill program at its 100% controlled, Rattlesnake Hills Gold Project in Wyoming, United States. The 2017 exploration program consisted of 46 holes or 13,783 metres of drilling focused on four brownfield targets and four greenfield targets. The program was designed to take an aggressive approach to expand the areas of known mineralization and to test new targets in the district that have similar geological and geophysical signatures to North Stock and Antelope Basin. Historic drilling and the 2017 brownfield drilling will be incorporated in a maiden National Instrument 43-101 resource estimate expected to be announced in the second quarter of 2018. Brian Skanderbeg, President and CEO, commented, “The results from our ...