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GFG Resources Provides Exploration Update and Expands High-Grade Gold at Montclerg, East of the Prolific Timmins Gold District
KEY HIGHLIGHTS: 2021 Step-out drilling on the MC East returned high-grade gold intercepts 8.26 grams of gold per tonne (“g/t Au”) over 1.0 metres (“m”) and 6.63
About this update from Gfg Resources, Inc.
[{"type":"text","content":" KEY HIGHLIGHTS: 2021 Step-out drilling on the MC East returned high-grade gold intercepts 8.26 grams of gold per tonne (“g/t Au”) over 1.0 metres (“m”) and 6.63 g/t Au over 1.5 m from hole MTC-21-012 Expands high-grade gold mineralization, from hole MTC-21-05 (4.82 g/t Au over 26.0 m) and MTC-21-06 (8.34 g/t Au over 7.5 m) within the MC Central target, 100 m to the east into the MC East target Successfully completed the Phase 1 2022 drill program with 17 holes totalling 4,200 m, which confirmed regional scale gold mineralization 2022 Phase 1 infill and step-out drilling at the Montclerg Gold Project intercepted broad zones of sulphidation, quartz veining and alteration similar to holes MTC-21-05 and -06 SASKATOON, Saskatchewan, April 28, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports encouraging final assay results from its 2021 drill program and that it has completed the Phase 1, 4,200 m, 2022 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 Figure 1). In 2022, GFG plans to drill at least 10,000 m, in three phases, at Montclerg in parallel with a significant regional exploration program at its Goldarm and Pen gold properties, which are also located in the Timmins Gold District. Today’s assay results summarize the inaugural drill program at Montclerg which was completed in the fourth quarter of 2021. The assay results from the inaugural drill program of 14 holes have successfully returned both high-grade and bulk tonnage intercepts from the MC Central and MC East target (See Table 1 and Figures 1 - 3), demonstrating gold mineralization over a strike length of 400 m and to depths of more than 300 m. 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 (Canamax) target. The Company expects to report assay results from the 2022 drilling over the coming months and is planning additional follow-up holes that prioritize both the MC and CX trends and additional regional targets that have little to no drilling historically. Brian Skanderbeg, President and CEO of GFG, stated,...