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GFG Resources Drills 1.60 g/t Au Over 70.4 m, Continues to Expand Montclerg Gold Project, East of the Prolific Timmins Gold District
KEY HIGHLIGHTS: Best Main Zone drill intercept to date at Montclerg from hole MTC-22-023 intersecting 1.60 grams of gold per tonne (“g/t Au”) over 70.4 metres (
About this update from Gfg Resources, Inc.
[{"type":"text","content":" KEY HIGHLIGHTS: Best Main Zone drill intercept to date at Montclerg from hole MTC-22-023 intersecting 1.60 grams of gold per tonne (“g/t Au”) over 70.4 metres (“m”) near surface. A second gold zone was intersected in hole MTC-22-023 returning 4.97 g/t Au over 4.8 m. Infill hole MTC-22-021 intersected 1.51 g/t Au over 21.7 m and ended in mineralization. Significant step-out drilling demonstrates the Montclerg gold system continues for 530 m east and remains open, with assays up to 1.4 m at 3.0 g/t Au. In 2022, the Company plans to complete approximately 8,000 - 10,000 m of drilling and a significant surface regional exploration program has been initiated. SASKATOON, Saskatchewan, July 20, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports new assay results from its 2022 Phase 1 drill program at the Montclerg Gold Project (the “Project” and/or “Montclerg”), located 48 kilometres (“km”) east of the prolific Timmins Gold District in Ontario, Canada (See Table 1 and Figures 1-3) which has produced over 70 million ounces of gold. 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. To date, the Company has announced assays results from 12 holes and expects to announce the remaining five holes in the coming weeks. Today’s assay results from the MC Central and step-out drilling to the east confirmed the continuity and robust character of the gold mineralization at Montclerg. Infill drilling in the MC Central zone returned the broadest interval drilled by GFG to date of 1.60 g/t Au over 70.4 m and is interpreted to relate to a thickened section of the Upper and Lower Main zones. Step-out drilling validated the Company’s thesis that gold mineralization extends to the east by successfully intersecting gold mineralization 530 m east of the MC Central zone. (See Table 1 and Figure 2). 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. “The results from our most recent drill program continue to highlight the potential to significantly expand the Montclerg gold system”, state...