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GFG Resources Inc.
Summary
| Project: | Pen Gold | |
|---|---|---|
| Deposit: | Pen Gold | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/3/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 3-4-2019: GFG Resources Inc. announces an Exploration/Drilling Update report for its Pen Gold deposit at the Pen Gold project. Drilling results incl. 1.7m @ 21.26g/t Au from 138.4m. April 3, 2019, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSX-V | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brian Skanderbeg (Internal) | |
| ABSTRACT: | April 3, 2019, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) is pleased to announce assay results for the remaining 12 drill holes and the discovery of a new gold zone (See Table 1) from its inaugural 2018 drill program at its 100% owned Pen Gold Project located 40 kilometres west of the prolific Timmins Gold District in Ontario, Canada. The new gold discovery was made at the Crawford target from hole PEN-18-016 which intersected 21.26 g/t Au over 1.7 m at 100 m depth. The new mineralized zone is located 500 m west of the HGM occurrence in the Deerfoot regional target (See Figures 3 and 4). The 2018 drill program consisted of 19 drill holes (4,744 m) ranging in depth from 150 to 500 m (See Table 1 and link to news release dated January 17, 2019, “GFG Drills 33.77 g/t Gold over 1.05 Metres at Pen Gold Project West of Timmins, ON”). The program was designed to test six targets distributed across a 20-kilometre segment in the eastern portion of the Pen Gold Project (See Figures 1-5). These targets were generated from the integration of historic and new data sets from the Company’s 2018 exploration program. Based on these results, follow-up drilling is warranted on the Crawford, Nib-Yellowknife and Sewell targets. | |
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