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GFG Resources Expands High-Grade Gold Mineralization at Montclerg including 8.46 g/t Gold over 5.0 Metres
KEY HIGHLIGHTS: New drill results from 8 holes continue to show strong continuity and extend high-grade gold mineralization of the Upper and Lower Footwall Zone
About this update from Gfg Resources, Inc.
[{"type":"text","content":" KEY HIGHLIGHTS: New drill results from 8 holes continue to show strong continuity and extend high-grade gold mineralization of the Upper and Lower Footwall Zones at the Montclerg Gold Project (“Montclerg”). Hole MTC-22-036 returned near surface high-grade gold: 6.67 grams of gold per tonne (“g/t Au”) over 6.0 metres (“m”) in the Upper Footwall zone, up dip of holes MTC-22-035 (9.85 g/t Au over 16.0 m) and MTC-21-005 (4.82 g/t Au over 26.0 m). To date, Hole MTC-22-042 returned the broadest and highest-grade intercept at depth in the Lower Footwall Zone: 8.46 g/t Au over 5.0 m in the Lower Footwall Zone. Assay results from the remaining 5 holes are pending and will be announced once received. Since acquiring Montclerg in October 2021, GFG has completed 11,000 m of drilling from 47 holes and achieved approximately a 90% drilling hit rate. Drilling is planned to resume in Q1 with a focus on Montclerg and testing high-priority gold targets across the Goldarm Property. SASKATOON, Saskatchewan, Feb. 08, 2023 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports continued high-grade gold assay results from its recently completed 17-hole 2022 Phase 2 drill program at the Montclerg Gold Project, located 40 kilometres (“km”) east of Timmins, Ontario. (see Tables 1-2 and Figures 1-5). Today’s results are from eight drill holes from the MC Central target and demonstrate strong continuity and continued expansion of the gold system. During the Phase 2 drill program, the Company completed a total of 17 holes (3,541 m) on the Goldarm Property located east of Timmins, Ontario. The Phase 2 drill program was designed to complete infill drilling to advance Montclerg towards resource, step-out holes to grow the Montclerg gold system and to begin testing high-priority gold targets within the Goldarm Property such as the Aljo Gold Mine target (“Aljo”). Of the 17 holes completed, 14 holes were completed at Montclerg and three holes at Aljo. To date, GFG has received 12 holes from the 17-hole program and anticipates announcing the remaining holes during the first quarter of 2023. “We are very excited with the results from Montclerg as they continue to outline a robust gold system. The high hit rate, growing continuity and scale of the gold system shows the immense potential of the project. Our progress reinfo...