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GFG Resources Inc.
Summary
| Project: | Pen Gold | |
|---|---|---|
| Deposit: | Pen Gold | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/18/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-6-2020: GFG Resources Inc. announces an Exploration/Drilling Update report for its Pen Gold deposit at the Pen Gold project. Drilling results incl. 3.1m @ 4.5g/t Au from 401.3m. SASKATOON, Saskatchewan, June 18, 2020 (GLOBE NEWSWIRE) -- GFG Resources I | |
| Resources: | x | |
| CP/QP: | [Overall Report] Brian Skanderbeg (Internal) | |
| ABSTRACT: | SASKATOON, Saskatchewan, June 18, 2020 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports assay results for the six remaining holes from the 3,300 m, Phase 1 2020 drill program. In addition, the Company announces a signicantly expanded 2020 exploration program at its 100% owned Pen Gold Project (the “Project”) located 40 kilometres west of the prolic Timmins Gold District in Ontario, 5 Canada. “The results from our Phase 1 drill program were signicant. We made a high-grade gold discovery at Nib, intercepted signicant visible gold and broad zones of gold mineralization at Slate Rock and expanded the mineralized system at HGM,” stated Brian Skanderbeg, President and CEO of GFG. “Following a successful nancing in May, which included welcoming Alamos Gold Inc. as a strategic investor, we are in a position to outline a more aggressive exploration program for the second half of 2020. Beginning in July, we will resume drilling at the Project with a primary focus on the Nib discovery and will test other highly prospective regional targets. The revised exploration program will be our largest drill campaign to date and we are condent that we will continue to demonstrate the potential that exists across our 480 square kilometre land package located in one of the richest gold districts in the world.” | |
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