GFG Resources Inc (GFGSF)

[geodan]

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