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InvestmentPitch Media Video Discusses GFG Resources' Acquisition of the Montclerg Gold Project in Ontario - Video Available on Investmentpitch.com
Vancouver, British Columbia--(Newsfile Corp. - November 1, 2021) -  GFG Resources (TSXV: ...
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[{"type":"text","content":"InvestmentPitch Media Video Discusses GFG Resources' Acquisition of the Montclerg Gold Project in Ontario - Video Available on Investmentpitch.comVancouver, British Columbia--(Newsfile Corp. - November 1, 2021) -  GFG Resources (TSXV: GFG) (OTCQB: GFGSF), a precious metals exploration company focused on district scale gold projects in Ontario and Wyoming, has finalized its acquisition of the Montclerg Gold Project in Ontario. The Montclerg Gold Project, located 48 kilometres east of the prolific Timmins Gold Camp, consists of five patented mining claims and 110 unpatented mining claims. The land tenure includes 10 kilometres of the highly prospective Pipestone Deformation Zone which hosts multiple gold deposits and mines in one of the most prolific gold districts in the world.For more information, please view the InvestmentPitch Media \"video\" which provides additional information about this news. If this link is not enabled, please visit www.InvestmentPitch.com and enter \"GFG Resources\" in the search box.Cannot view this video? Visit:https://www.youtube.com/watch?v=VteFMkACwx0The Montclerg Gold Project overlaps the Pipestone Deformation Zone, a major northern splay of the Porcupine Destor Deformation Zone, approximately 8.5 kilometres east of Grace Gold's Clavos gold deposit and 37 kilometres west of Mayfair Resources' Fen-Gibb gold deposit. The two gold prospects at the Montclerg Gold Project, MC and CX, occur north of and within the Pipestone Deformation Zone, respectively, and are associated with east-northeast trending fault zones that bisect the metasedimentary, felsic volcanic, mafic volcanic and felsic porphyry rocks of the area.The CX prospect, occurring about 350 metres south of the MC prospect, is hosted directly within the Pipestone Deformation Zone and was first drilled in 1987. Since the discovery of gold at the MC prospect in 1938, a total of 19,730 metres have been drilled in 96 holes that sporadically test the trend over a 1.5 kilometre strike length. The vast majority of these historic holes, approximately 80, were drilled prior to 1967 and focused on depths of less than 150 metres and were not sampled completely with only the most intensely veined intervals assayed.Drilling in 2016 demonstrated the existence of up to five separate gold zones within the MC prospect. Drill core shows three upper zones wi...