Are you still buying? I am getting ready to buy some more shortly. I talked to Brian again and he said the deal with group 11 is on hold as they are trying to raise the money to do the testing. He said everything s going great on the Canada claim where more testing is scheduled and things are looking very good. I am still a believer as these guys have delivered so well in the past (CLRGF). Looking forward to the future here.
I keep buying shares when chunks become available.
Found this one with much information
Latest video from GFGSF Brian is pretty excited. Picked most likely 10 bagger for 2023 (by me)
400,000 bid today at .125, Great to see
They have been having trouble with permitting, it would be higher now if they were able to do there next tests. They say they will get them done this year. I am hoping it will be early summer. I think it is worth double the price on the Canadian property only. I think a successful positive test out of rattlesnake will drive it multiples of where it is now. JMO
In my opinion rattlesnake has become meaningless to the company valuation. I hope that changes but the great news is the results of their Canada operation. Just based on Canada the share price should be higher.
Any thoughts on their latest PR? I know they had a conference. I am wondering if you think this move came from the pr or the conference?
I am thinking more towards the three than the five year plan (from here). These guys have done this before. They start out saying that it will be 8 to 10 (because of the unknown) but it happens in 6. There has been somethings they have been able to navigate so far and am assuming there will be more but I am guessing by next year this time they will have more than one party interested in buying them out. If they have good success this summer with the permitting and the field test goes as well as expected now after the initial tests, things will look rosy.
Good to read your post. Gfgsf is a significant position for me and I continue to buy shares. What is your guess as to when the company will be sold? My guess is about 3 to 5 years from now.
Talked to Brian a week or so ago. He said everything was going good. He said the price is down just because the price of gold is down. I also found this video.
When there was volume the other day I text Mark and he said there was a lot going on. He said there was more drilling and group 11 would be doing more large diameter drilling this summer. He said they were very excited how the testing went and were interested in doing more. He also said they are doing more marketing. Hope everything is going great for you. Thanks
it is moderately good news. The stock is doing quite well for this market. GFG can win big from 2 seperate things, Goldarm and Rattlesnake.
group 11 video's
Excellent news out, they hit 54 meters total over 1 gram gold near surface and another hole with 4 gold zones including the headline high-grade 7.5 meters at 8+grams!
GFG Expands High-Grade Gold at Montclerg with 8.34 g/t Au over 7.5 Metres East of the Prolific Timmins Gold District 03/22/2022
Additional high-grade and bulk tonnage gold intercepts from four new assay results from the inaugural 2021 drill program at the Montclerg Gold Project
Hole MTC-21-006 returned 8.34 grams of gold per tonne (g/t Au) over 7.5 metres (m), 40 m east of hole MTC-21-005 that graded 4.82 g/t Au over 26.0 m
MTC-21-007 intercepted multiple bulk-tonnage zones above 125 m depth that graded 1.40 g/t Au over 31.1 m and 1.11 g/t Au over 23.0 m. Assay results from the remaining five holes are pending and expect to be received in the coming weeks
Drilling resumed in March at the Montclerg Gold Project with a 5,000 m Phase 1 drill program
SASKATOON, Saskatchewan, March 22, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports new assay results from four drill holes that have intersected multiple zones of significant gold mineralization 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 approximately 10,000 m at Montclerg in parallel with a significant regional exploration program at its Goldarm and Pen gold properties.
Today’s results are from the inaugural drill program which was completed in the fourth quarter of 2021. To date, the Company has released assay results from nine of the 14 holes that have successfully returned both high-grade and bulk tonnage intercepts from the MC Central target (See Table 1 and Figures 2-5). The remaining five holes include additional testing of targets at MC Central and initial tests at MC East. The Company expects to report assay results from the remaining 2021 drill holes in the coming weeks.
Brian Skanderbeg, President and CEO of GFG, stated, “Our early drilling success at Montclerg is demonstrating the continuity of the system with both high-grade and bulk tonnage components. These recent results are expanding our understanding of the system and its structural controls; the intensity of the alteration, veining and sulphidation that we are seeing is consistent with a large-scale gold system. With our Phase 1 2022 drill program well underway, further assays pending from 2021 and encouraging metallurgical results from our partnership at Rattlesnake Hills, we are off to great start and look forward to an exciting 2022.”
Rest and fig links here: https://s21.q4cdn.com/712049373/files/doc_news/GFG-Expands-High-Grade-Gold-at-Montclerg-with-8.34-gt-Au-over-7.5-Metres-East-of-the-Prolific-Timmins-Gold-District-2022.pdf
Bill says they were amazed at how high the gold recovery was on solid cores. Q+A now https://attendee.gotowebinar.com/register/8133997228348689164
Add on: Had heard via 2nd party that GFG said they expected zero recovery on at least one core, they picked it as worst case, Yet they got 18% of the gold out anyway. Bill said he can not understand being how impermeable that core was how any gold was pulled out of it, yet 18% came out. This is amazing good news.
The bad news is they will not be in production in the next year, but maybe in 2 years,
My best guess at this time is it will work. This will be one of the biggest revolutions in gold mining. As they put it it is so cheap to do that a mine that would get 97% gold recovery yet lose money, could with this get 40-50% recovery and be very profitable, the same mine. GFG owns 9% roughly of G11. And they may get $125+ million dollars of profits off of this first use of Choridate In-Situ gold mining at Rattlesnake deposit.
Recording will come out of this webinar
My interpretation of GFG/G11 In-situ results at Rattlesnake. Superb news, and comes it at roughly the highest level of recoveries was hoping for. In my article https://seekingalpha.com/instablog/535947-darp-research/5611282-gfgs-game-changing-in-situ-gold-mining-deal-tiny-downside-and-huge-upside#comments said:
"If the AISC at Rattlesnake is $500 that would be $1,300 margin times GFG share 66,667oz = potential profits of $87 million. Current GFG market cap is $13 million so that is a 6 bagger just in cash in the bank if things went that well. And GFG gets $7.5 million cash payment from Group 11 outside of mine revenue too in the deal, then add it they get a large amount of stock in Group 11. And if gold is $2,400 and they do not have to rubblize the ore and get 50% recovery so have a $200 AISC then 100,000 oz times $2,200 = $220 million potential profits for GFGSF. I will be thrilled with the $87 million, but the 2nd scenario is possible."
Their non-crushed whole half cores came in at 48.2% gold recovery, closer to the 2nd scenario, beyond the "thrilled with" 1st one. If half way that is about $150 million in profits, to be conservative can call it $120 million of profits with virtually no investment by GFG, G11 does that. This news is 4 months late in coming so shocks me it is so good, was guessing they were having troubles, but ended up as superb results.
There is more. If you look at charts in the PR link https://www.globenewswire.com/NewsRoom/AttachmentNg/a1009505-e0b3-4e64-a969-f4aca467896d They are getting 30% of the gold in 5 days. In-situ recovery at the mine even if you triple that to 15 days, yikes, who has ever heard of getting 30% of your gold out of a mine in 15 days after you tunnel to the ore? Maybe 5 years is average on that, In fact at Rattlesnake being that open pit is the alternative and say a 15 year mining period, that is 5 years to get 30%.
So they will get their first 30% of profits incredibly fast, about 125 times faster than an open pit mine, wow. And you get 99% of the gold you will get in 30 days in the lab, so maybe 100 days in the field? Absurdly fast. If takes even a year, still absurdly fast.
Being their new land package in Canada now has a proven high grade gold system, that makes it worth the entire market cap of GFG. So Rattlesnake/In-Situ is on top of that. The stock doing a 20 bagger+ since my article was published seems quite possible.
GFG Receives Positive Initial Metallurgical Results from Rattlesnake Hills Gold Project Partner Group 11 Technologies 03/15/2022
SASKATOON, Saskatchewan, March 15, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) is pleased to report that it has received positive metallurgical results from the Rattlesnake Hills Gold Project (“RSH Project”) located in Wyoming, U.S. from its option partner, Group 11 Technologies Inc. (“Group 11”), (see news release: “GFG Signs Option Agreement with Group 11 Technologies to Advance the Rattlesnake Hills Gold Project with Disruptive Technology”). Provided below are the first test results in the process to develop In-situ Recovery (“ISR”) technology for gold mining using EnviroMetal Technologies Inc. (“EnviroMetal”) non-cyanide and environmentally friendly leaching solution. The gold recovery tests from uncrushed half-core samples demonstrated recoveries ranging from 15.9% to 77.5%, averaging 48.2% while the bottle roll testing of crushed material returned gold recoveries ranging from 38.3% to 89.5%, averaging 61.4%.
“These initial results have exceeded our and Group 11’s expectations and this is an exciting development for our shareholders, stakeholders and the gold mining industry as a whole,” stated Brian Skanderbeg, President and CEO of GFG. “We look forward to the next phase of testing as they continue along the path of proving and adapting ISR technology to gold mining.”
Dr. Dennis Stover, Group 11 and enCore Energy Corps’ Chief Technical Officer and co-discoverer of the in-situ recovery process in the uranium sector, said: “Group 11 is very pleased with the initial tests which showed strong results to extract gold from the existing core samples with an environmentally-friendly solvent. This first step will provide the basis for future tests to be conducted on the use of the lixiviant in combination with ISR technology. Group 11 is working to create new environmentally-friendly options to extract gold and other metals through less invasive ISR extraction which is in widespread use in the uranium sector.”
LIVE WEBCAST – MARCH 17, 2022 11 AM ET
Group 11 and their partners will host a webcast on Thursday, March 17 at 11:00 am Eastern Time (8:00 am Pacific Time) to discuss the results of the Phase 1 tests, next steps and to answer any questions from shareholders. Shareholders, analysts, investors, and media are invited to join the live webcast by registering using the link below. A replay of the webcast will be available. Please join us: https://attendee.gotowebinar.com/register/8133997228348689164
Below has rest and tables of recoveries
This is on rattlesnake, is this good Dana? I do not know what this means but it says "better than expected". Can you translate this? Thanks......
It is doing well. The question is why, Rattlesnake or Canada?
She's a little Run A Way
No excitement here?
It can run now(Montclerg).Rattlesnake would be steroids.
Big bids are back. Big asks Gone!
Lets Go GFGSF
4.82 grams over 26.0m including12.32 g/t 5.5 m;
Big news this is just a snip, link has rest. So now GFG has with this and prior single drill hole proved a major gold system at Montclerg. This alone justifies all of GFG's market cap as of yesterday. The Rattlesnake, Pen and Dore projects are all for free IMHO. Quite the deal, especially with the 100s of thousands of oz of gold at Rattlesnake that can likely be mined very low AISC in-situ. We will get Rattlesnake test results this month said Brian on 6ix conf call.
SASKATOON, Saskatchewan, Feb. 10, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc.(GFGSF)(“GFG” or the “Company”) reports new assay results from three drill holes that have intersected multiple zones of significant gold mineralization 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).
During the fourth quarter of 2021, the Company drilled a total of 3,210 metres (“m”) from 14 holes in its inaugural Phase 1 drill program. To date, the Company has received drill assay results from five holes and have successfully returned both high-grade and bulk tonnage intercepts from the MC Central target (see Table 1 and Figures 2-6) with highlights including:
Upper Footwall zone: 4.82 grams of gold per tonne (“g/t” Au) over 26.0 m including 12.32 g/t Au over 5.5 m; and
Upper Footwall zone: 11.29 g/t Au over 1.7 m
Upper Main zone: 0.73 g/t Au over 24.2 m; and
Lower Main zone: 1.24 g/t Au over 10.4 m including 2.37 g/t Au over 4.1 m
Lower Footwall zone: 1.23 g/t Au over 15.5 m including 3.09 g/t Au over 3.3 m
Brian Skanderbeg, President and CEO commented, “These great results confirm our belief in the potential for both high-grade and bulk tonnage gold mineralization at Montclerg. We are very encouraged by the stacked nature of the system, impressive widths and the relationship to historic drill holes that extend over a strike length of more than 1.3 km. The intensity of the alteration, veining and sulphidation that we are seeing are consistent with a multi-stage, large-scale gold system. Hole MTC-21-005 is the best hole ever drilled on the Project and may be amongst the best greenfield intercepts from the Timmins region over the past decade. As we await the remaining assays, drilling at Montclerg will resume in the coming weeks.”
The big asks are gone. Hoping we head up now.
There was a 266k bid yesterday, that is over 30 thousand dollars. The latest news means that there Canada property is worth more than the market cap of the company. With the test results coming fron rattlesnake soon (hopefully anyway) this thing could explode soon. Even if the test show that insitu mining for gold has chance. We are in the money. Go GFGSF
Hard to say. The drill result in Canada was very good. On core soaking way behind but have talked with Brian and he says strictly matter of very slow assay results, the tests are over. G11 does have control of getting the assays.
How do you read this news GEO?
ject and Provides Corporate Update
January 24, 2022
GFG Intercepts Multiple Gold Zones in First Hole at the Montclerg Gold Project and Provides Corporate Update
SASKATOON, Saskatchewan, Jan. 24, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) ("GFG" or the "Company") announces that it has received assays from the first hole from its 2021 Phase 1 drill program at the Montclerg Gold Project (the "Project" and/or "Montclerg") (See news release: "GFG Provides Exploration Update and Launches 3,000 Metre Drill Program at Montclerg Gold Project, East of Timmins"). The hole returned both high grade and bulk tonnage intercepts from the MC Central Panel at Montclerg (See Table 1 and Figures 2-3). In 2022, the Company is planning to drill approximately 10,000 metres ("m") at Montclerg with a first phase of 3-4,000 m of drilling to start in February.
I got a news alert but do not see any news. Anyone see anything?
They are late on news-ButComing
The soak tests are done awaiting assays. And drill results from Q4 should be soon too.
The stock has held up well without news.
Some action here today. I am not sure when the news will be out but should be before the end of January. It looks as though the ask is getting a little smaller. But every time someone hits it, it just comes back. Hopefully the big asks are over soon.
Talked to them. The tests are over but they have not got back the assays. That is on Rattlesnake. On Canada they have drilled so those should be soon too. Envirometal has been putting out great results on concentrates and rick gold ore.
Why haven't they published the results? They previously said they would do so "this Fall". Are they waiting for first week of January? I am getting annoyed.
Should have results this week BucketTests
Anything over 50% and think stock will go crazy. The immediate big win for GFG is in-situ Rattlesnake.
New LandPackage cannot miss,GoldSystem already found. Brian told me if this property was available when they started GFG they would have bot it first.
So they will hot gold left and right on new drilling this Q, maybe that will bring Europe fund back in.
The soak testing on cores results are suppose to be out in 2 weeks
Bullet Points for GFG Looks Promising
1.About 140 million shares
2.About 22 million Market Cap
3.About 35 million in book value
25 Timmons 10 Rattlesnake
(According to investor relations)
1. Resampling historic core as much of it wasn’t sampled (they only sampled small veins and we know this has serious open pit potential) they even missed high-grade sections. This is happening now.
2. Drone geophysics to gain a better understanding of the controls/structures that host the Au mineralization. Happening now.
3. Drilling the deposit. Starts in 10 days. It will be infill drilling and also testing the high grade underground target.
They are completing multiple metallurgical tests on core. Results will be staggered and expect them to start coming out in November.
5.Agentis Capital is covering them, 8 Capital will resume coverage soon
6. They will have no less than 15 investor information meetings in the next three months all over the nation Canada and Europe
7.All this year’s work is fully funded
This is what I remember and may not be totally accurate but I believe it is very close. These guys have done this before and I believe they are about to hot a 10 bagger again.
let’s go GFGSF!!!!!!
GFG Finalizes Montclerg Gold Project Acquisition and Initiates Aggressive Exploration Program
Think this PR today will attract some buying my guess, good summation of the opportunity.
Not True....They have property in Canada and just did a deal with a prestigious company.https://finance.yahoo.com/news/gfg-expands-presence-timmins-acquires-110000725.html There is something there also. They have tests to be done in Canada before the end of the year. Also the tests you mentioned plus mid next year is the big test.(in the ground) I think it will continue to climb as the fund from Europe is nearly out of the amount of stock they are going to sell. Going to be a great 12 months here I think.
Good luck to all