GFG RESOURCES INC - GFGSF STOCK NEWS

GFG Resources has released promising results from its 2022 exploration program at the Goldarm Property in Ontario, Canada. The program involved 137 till and 1,030 rock samples, revealing high-grade gold results, notably up to 276.00 g/t Au from the Aljo Gold Mine target. Recent drilling permits have been secured, allowing for 3-4 holes to be drilled in upcoming days. The ongoing Phase 2 drill program at the Montclerg Gold Project has also completed 14 holes, with assay results expected early 2023, indicating potential for significant gold systems in the region.

GFG Resources has initiated its 2022 Phase 2 drill program at the Montclerg Gold Project in Ontario, Canada, focusing on infill and expansion drilling across its targets. The program, set to drill approximately 4,000 meters, aims to enhance understanding of the gold system’s continuity. Recent results indicate high-grade gold intercepts, such as 4.82 g/t Au over 26.0 meters from hole MTC-21-005, showcasing promising mineralization. The program also includes potential drilling at historical targets like the Aljo Gold Mine, with completion expected by December 2022 and plans to resume drilling in February 2023.

GFG Resources Inc. (OTCQB: GFGSF) has made its first anniversary payment under the option agreement to acquire a 100% interest in the Montclerg Gold Project, located near Timmins, Ontario. This payment involved issuing 5,353,721 common shares valued at C$0.0934 each, based on previous trading data. With this acquisition, GFG aims to enhance its portfolio of gold projects in Canadian mining regions. The company's focus remains on exploring properties that contribute to its growth in the precious metals sector.

GFG Resources Inc. (GFGSF) has appointed Ms. Natalie Pietrzak-Renaud as Vice President, Exploration. With over 20 years of experience, she will lead exploration programs in the Timmins gold district, known for its significant gold deposits. Pietrzak-Renaud, formerly with E2Gold Inc., holds multiple degrees in Geology. In connection, GFG granted her 400,000 stock options at a price of C$0.11 per share, vesting over two years. The company is focused on gold exploration projects in Ontario and Wyoming, aiming to leverage its expertise to enhance shareholder value.

GFG Resources Inc. reported results from its 2022 Phase 1 drilling program at the Montclerg Gold Project, achieving strong continuity with notable intersections. Significant findings include:

• MTC-22-029: 4.98 g/t Au over 7.1 m
• MTC-22-030: 3.40 g/t Au over 15.0 m

The Company has maintained an 85% hit rate since acquiring the project and plans a Phase 2 drill program in October targeting 4,000-6,000 m. Regional exploration programs demonstrate high prospectivity across the Goldarm Property, bolstering confidence in further discoveries.

GFG Resources announced significant drill results from its Montclerg Gold Project, with the best intercept to date of 1.60 grams of gold per tonne (g/t Au) over 70.4 meters. Hole MTC-22-023 also revealed a second gold zone returning 4.97 g/t Au over 4.8 m. Infill drilling at MC Central showed promising continuity, highlighting the potential for expansion. The company plans to complete 8,000 to 10,000 meters of drilling in 2022, with ongoing exploration efforts aimed at enhancing resources. GFG remains optimistic about its prospects in the Timmins Gold District.

GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) announced promising assay results from the 2022 Phase 1 drill program at the Montclerg Gold Project in Ontario. Key highlights include drill hole MTC-22-015, which returned 1.32 g/t Au over 33.5 m, and high-grade gold intercepts of 7.93 g/t Au over 2.1 m in MTC-22-018. The company has completed 4,200 m of drilling across 17 holes so far, confirming substantial regional-scale gold mineralization. GFG plans to continue drilling with an additional 6,000 m planned for the year amidst ongoing exploration programs.

GFG Resources Inc. reported promising assay results from its 2021 drill program at the Montclerg Gold Project, confirming high-grade gold mineralization. Key intercepts included 8.26 grams of gold per tonne (g/t Au) over 1.0 meters and 6.63 g/t Au over 1.5 meters. The completed 2022 Phase 1 drill program spanned 4,200 meters, with plans for at least 10,000 meters of drilling this year. Future drilling aims to expand existing mineralization and explore new targets, demonstrating significant potential for gold discoveries in the Timmins Gold District.

GFG Resources Inc. (OTCQB: GFGSF) has completed the acquisition of 100% interest in 14 unpatented mining claims, known as the Coulson Claims, adjacent to its Goldarm Property in Saskatchewan. The historic Aljo Mine, located on these claims, has seen intermittent production and significant gold mineralization, highlighting its high prospectivity. GFG issued 700,000 common shares, paid C$50,000, and granted a 2% NSR to the vendors as part of the deal. The company anticipates this strategic acquisition will enhance its exploration capabilities in the Timmins Gold District.