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GFG Resources Starts Phase 2 2022 Drilling at Montclerg, East of the Prolific Timmins Gold District
KEY HIGHLIGHTS: 2022 Phase 2 drill program of approximately 4,000 metres (“m”) has started with a primary focus on infill and expansion drilling at the MC West,
About this update from Gfg Resources, Inc.
[{"type":"text","content":" KEY HIGHLIGHTS: 2022 Phase 2 drill program of approximately 4,000 metres (“m”) has started with a primary focus on infill and expansion drilling at the MC West, MC Central and MC East targets at the Montclerg Gold Project in the Timmins Gold District of Ontario, Canada The Phase 2 drill program is primarily designed to test the strike and depth continuity to grow the Montclerg gold system and to complete step-out drilling to the east where limited drilling has been completed Follow-up testing on the Upper Footwall and Upper and Lower Main Zones where GFG intersected high-grade and broad gold mineralization, from holes MTC-21-05 (4.82 g/t Au over 26.0 m) and MTC-21-023 (1.60 g/t Au over 70.4 m) within the MC Central target Contingent on timing and permitting, the Company may complete a first pass drill test around the historic high-grade Aljo Gold Mine and Carr regional targets Drilling is anticipated to be completed in December 2022 and the Company is planning to resume drilling at Montclerg and at other regional targets on the Goldarm Property in February 2023 SASKATOON, Saskatchewan, Nov. 09, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces that it has begun its 2022 Phase 2 drill program testing multiple targets at its Goldarm Property with a primary focus on the Montclerg Gold Project (the “Project” and/or “Montclerg”). The Company plans to drill approximately 4,000 m before year-end and anticipates resuming drilling in February 2023. 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 is located 48 km east of the prolific Timmins Gold Camp and is adjacent to multiple current and historic gold mines (see Figure 1). The Project consists of patented and unpatented mining claims that cover 10 km of the highly prospective Pipestone Deformation Zone (see Figure 2). “Drill results from our last two programs at Montclerg have been very encouragin...