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GFG Resources Inc.

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Summary

Project:

Pen Gold

Deposit:Pen Gold
Location:Canada
Commodities:Gold
Date:4/6/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:6-4-2020: GFG Resources Inc. announces an Exploration/Drilling Update report for its Pen Gold deposit at the Pen Gold project. Drilling results incl. 8.5m @ 71.27g/t Au from 52m. April 6, 2020, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSX-V: G
Resources:x
CP/QP:[Overall Report]: Brian Skanderbeg (Internal)
ABSTRACT:April 6, 2020, Saskatoon, Saskatchewan, Canada: GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports it has intersected a significant high-grade gold system at the Nib Prospect at its 100% owned Pen Gold Project (the “Project”) located 40 kilometres west of the prolific Timmins Gold District in Ontario, Canada. Hole PEN-20-47 intersected 71.27 grams of gold per tonne (“g/t Au”) over 8.5 metres (“m”) including 511.00 g/t Au over 1.15 m at a vertical depth of approximately 50 m below surface (See Table 1 and Figures 1-4). During the first quarter of 2020, the Company completed seven holes (2,751 m) as part of its 2020 Phase 1 drill program. Currently, the Company is drilling the final hole of the program at the HGM Prospect and expects to finish the hole in the coming week. The Phase 1 drill program was designed to test targets at the Nib, HGM and Slate Rock prospects with approximately 3,500 m of drilling. Additional assays will be reported as they become available.

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