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GFG Resources Inc.
Summary
| Project: | Pen Gold | |
|---|---|---|
| Deposit: | Pen Gold | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-1-2019: GFG Resources Inc. announces an Exploration/Drilling Update report for its Pen Gold deposit at the Pen Gold project. Drilling results incl. 5.55m @ 3.57g/t Au from 61.15m. January 17, 2019, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian Skanderbeg (Internal) | |
| ABSTRACT: | January 17, 2019, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces initial exploration results from its 2018 drill program at its 100% owned Pen Gold Project located 40 kilometres from the prolific Timmins Gold District in Ontario, Canada. During the fourth quarter of 2018, the Company completed 19 holes (4,744 metres) testing targets at Sewell, Deerfoot and Nib-Yellowknife (See Figure 1). Of the 19 holes, the Company has received assays from six holes located in the Sewell and Deerfoot regions (See Table 1 and Figures 1 - 4) while assay results from the remaining 13 holes are pending. Brian Skanderbeg, President and CEO commented, “We are pleased to see multiple high-grade gold intercepts in a number of holes from the first six holes from our inaugural drill program at the Pen Gold Project. These initial results demonstrate the prospectivity of this underexplored area west of the prolific Timmins Gold District. While we await results from the remaining 13 holes, we are excited to begin our 2019 drill program in February which will test some of the best targets on our 475 square kilometre Pen Gold Project. We expect 2019 to be a very exciting year as we execute aggressive exploration programs at our Pen, Dore and Rattlesnake Hills gold projects to deliver numerous catalysts throughout the year.” | |
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