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GFG Resources Samples up to 276 g/t Gold at Aljo and Provides Drilling Update at Montclerg
KEY HIGHLIGHTS: Collected 137 till and 1,030 rock samples during the 2022 summer field exploration program on the Goldarm Property (or “Goldarm”) in the Timmins
About this update from Gfg Resources, Inc.
[{"type":"text","content":" KEY HIGHLIGHTS: Collected 137 till and 1,030 rock samples during the 2022 summer field exploration program on the Goldarm Property (or “Goldarm”) in the Timmins Gold District of Ontario, Canada Results from rock sampling indicate widespread high-grade gold results from the Aljo Gold Mine target area of up to 276.00 grams of gold per tonne (“g/t Au”) from outcrop, trenches and mine spoils Drill permit recently received to drill test the Aljo Gold Mine target area, located on the eastern portion of the Goldarm Property (see Figure 1). Drilling to commence in the coming days with a plan to drill 3-4 holes Recently received five drill permits on high priority gold and gold-copper targets within the Goldarm Property 2022 Phase 2 drill program has been highly successful with 14 holes completed to date at the Montclerg Gold Project (“Montclerg”) with assays pending Following the 2022 drill program, the Company plans to resume drilling in the first quarter of 2023 SASKATOON, Saskatchewan, Dec. 15, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces new high-grade gold results from its 2022 surface sampling program completed during the summer on its 100% owned Aljo Gold Mine target area located on the eastern portion of the Goldarm Property. Rock sampling results from outcrop, trenching and historic mine spoils returned gold values of up to 276.00 g/t Au (see Table 1). The Goldarm Property is a large and highly prospective land package east of the Timmins Gold Camp (see Figure 1). The consolidated Goldarm Property covers approximately 30 kilometres (“km”) of the Pipestone Deformation Zone and the North Pipestone Deformation Zone. Within the Goldarm Property, there are several highly prospective gold targets such as the Aljo Gold Mine region, the Carr target and the Montclerg Gold Project which is the most advanced target. The Montclerg Gold Project covers 10 km of the highly prospective Pipestone Deformation Zone and is located 48 km east of the prolific Timmins Gold Camp and is adjacent to multiple current and historic gold mines (see Figure 1). “Consolidation of the Goldarm Property over the last year has created an extensive and highly prospective regional land holding,” stated Brian Skanderbeg, President and CEO of GFG. “Our strategy for this region has been two-fold, advance and...