An Interview with GFG Resources President & CEO, Brian Skanderbeg
Join us for a great event!
Mon, January 25, 2021 at 12:00 PMendedReplay
Investor webinar replay
Meeting Overview The meeting focused on the exploration strategies and future plans of GFG Resources, highlighting their operations in Wyoming and Timmins. The discussion included insights into the gold exploration industry, the company's exploration philosophy, and upcoming drilling programs. Key Discussion Points - Overview of GFG Resources' establishment and operational history. - Current financial status, including cash reserves and shares outstanding. - Challenges in the gold exploration industry and the need for innovative approaches. - Exploration philosophy centered on consolidating large land belts and utilizing advanced exploration techniques. - Specific targets for 2021, including R66 and Slate Rock, and their potential for discovery. - Plans for an aggressive drilling program in Timmins with a budget of approximately $3 million. - Importance of infrastructure developments in the Timmins area and their impact on exploration success. Decisions Made - No explicit decisions ...
Mr. Skanderbeg was most recently President and CEO of Claude Resources Inc. since November 2014 – which was acquired by Silver Standard Resources Inc. for $337 million. He previously worked for Goldcorp, Inco Ltd. and Helio Resources, holding positions in both exploration and operations. Mr. Skanderbeg is also a director of Wesdome Mines. He holds a B.Sc. from the University of Manitoba and an M.Sc. from Rhodes University, South Africa. He brings extensive experience in the exploration and evaluation of gold systems, operational management, cost and asset optimization and strategic analysis.
Replay transcript excerpt
Speaker 1: Yeah, GFG was set up out of management of Xclode Resources, and we established it 4 years ago to be a district-scale explorer. Speaker 1: So essentially, Speaker 1: we sold Clode into SSR, Speaker 1: a very good transaction where our team was management executive and board as well. And we took that team and board into a private ghost structure called GFG and we took that public 4 years ago. We set ourselves up to be a district sales floor. Speaker 1: We've been operating in Wyoming and in Timmins for the last 4 years. Speaker 1: We would trade on the TSX. Speaker 1: We have about 4 and a half million dollars cash in the bank and about 103000000 Speaker 1: shares outstanding. Speaker 1: When you think about gold exploration, Speaker 1: the industry is quite challenged in that Speaker 1: there are a lack of relevant new discoveries. And this has been ongoing for the last decade or so. And when you look at those that are being successful, they're doing things quite differently. They're looking undercover, they're looking different places, they're using different technology. Speaker 1: So I think when you think about GFG Speaker 1: and the team we have, Speaker 1: we have a good track record of finding mines. Speaker 1: We've operated them, we've got a Speaker 1: good solid base to build on and we are major landholders with 2 key belts. So our goal is really to solve the challenge of the exploration industry, which is finding new ore deposits. Speaker 1: And in order to do that, I believe Speaker 1: You have to have Speaker 1: an appetite to take risks, but an appetite to explore how to do things differently Speaker 1: in an industry that's been challenged Speaker 1: to continue to yield relevant discoveries. Speaker 1: So I'm optimistic that GFG is 1 of those...
