GFG Resources Inc (GFGSF)

[geodan]

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:

Hole MTC-21-005:

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
Hole MTC-21-004:

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.”
https://www.gfgresources.com/news/press-release-details/2022/GFG-Drills-4.82-gt-Gold-over-26.0-Metres-and-Continues-to-Intercept-Multiple-Gold-Zones-at-the-Montclerg-Gold-Project/default.aspx