News & Videos - GFG RESOURCES INC. GFGSF - English

SASKATOON, Saskatchewan, Dec. 16, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces the closing of the sale (the “ Transaction ”) of its 100% owned Rattlesnake Hills Gold Project (the “ Project ”) to Patriot Gold Vault Ltd., (“ Patriot ”) a wholly owned subsidiary of Axcap Ventures Inc. (“ Axcap ”). Under the terms of the Transaction, Patriot will pay GFG an aggregate consideration of approximately C$3.3 million....

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, Dec. 11, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces that it has received total proceeds of C$3,712,528 million from the exercise of 28,557,907 common share purchase warrants (“ Warrants ”) of the Company, which expired December 9, 2024. The Warrants were originally issued on October 6, 2022, March 21, 2023 and April 19, 2024....

KEY HIGHLIGHTS: ALJ-24-014 intersected three new high-grade intervals 200 metres (m) northwest of the Aljo mine, returning 9.94 grams of gold per tonne (“g/t Au”) over 2.9 m, 10.4 g/t Au over 0.7 m and 6.41 g/t Au over 1.1 m, confirming strong proximal discovery potential. ALJ-24-013 returned nine distinct vein intervals including 2.48 g/t Au over 1.3 m and 2.55 g/t Au over 1.5 m, extending the Main Zone 100 m to the southwest and confirming the stacked nature of the vein systems. ALJ-24-016...

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, Nov. 07, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces today that it is electing to accelerate the expiry of outstanding share purchase warrants (“ Warrants ”) of the Company originally issued on October 6, 2022, March 21, 2023 and April 19, 2024. In connection with the acceleration of warrants, Alamos Gold Inc. (“Alamos”) (...

KEY HIGHLIGHTS: Following the previously released intercept of 13.94 grams of gold per tonne (“g/t Au”) over 7.1 metres (“m”) GFG confirms second high-grade zone and deepest ever intercept in the Main Zone from the first hole of the H1 drill program at Aljo Mine Target (“Aljo”). Drilled the best intercept to-date at Aljo in hole ALJ-24-012 returning 23.08 g/t Au over 7.6 m with significant visible gold and tellurides. Demonstrates continuity and much higher-grade of the Aljo Main...

KEY HIGHLIGHTS: Completed 1,700 metre (“m”) H1 drill program in 5 holes at the Aljo Mine Target (“Aljo”). Drilled the best intercept to-date at the Aljo Hanging wall (“HW”) Zone in hole ALJ-24-012 returning 13.94 grams per tonne gold (“g/t Au”) over 7.1 m with significant visible gold and tellurides. Assay results below 120 m depth from hole ALJ-24-012 remain outstanding with multiple other logged instances of visible gold beneath historic mine workings. Results are expected to...

SASKATOON, Saskatchewan, Aug. 16, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces the signing of a definitive agreement (the “ Agreement ”) for the sale of its 100% owned Rattlesnake Hills Gold Project (the “ Project ”) to Patriot Gold Vault Ltd., (“ Patriot ”). Under the terms of the Agreement, Patriot will pay GFG an aggregate consideration of approximately C$3.3 million (the “ Transaction ”). GFG and Patriot...

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, June 28, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces that it proposes to further amend the common share purchase warrants (“ Warrants ”) of the Company originally issued on October 6, 2022, March 21, 2023 and April 19, 2024 (the " Proposed Amendments "). An aggregate of 5,692,359 Warrants were issued on October 6, 2022;...

KEY HIGHLIGHTS: Resumes drilling with 1,500 m at the Aljo Mine Target (“Aljo”) to follow-up on high-grade gold intercepts of 3.65 grams of gold per tonne (“g/t Au”) over 6.3 metres (“m”), 13.35 g/t Au over 3.6 m and 6.58 g/t Au over 4.3 m. Discovers compelling new gold target within Pen Gold Project, Muskego, with sonic drill test intercepting significant mineralization in bedrock. Conducted regional black spruce bark sampling across Goldarm Project with 800 samples as first pass...

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, May 27, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announced today that it proposes to extend the expiry dates and amend the exercise prices of the common share purchase warrants (“ Warrants ”) of the Company issued on October 6, 2022 and March 21, 2023 (the " Proposed Amendments "). After giving effect to the Proposed Amendments, each...

SASKATOON, Saskatchewan, May 09, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces the signing of a binding letter of intent (the “ LOI ”) for the sale of its 100% owned Rattlesnake Hills Gold Project (the “ Project ”) to Patriot Gold Vault Ltd., (“ Patriot ”). Under the terms of the LOI, which will be formalized by a definitive agreement between the parties within forty-five (45) days (the “Transaction” ),...

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, April 19, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) has closed its private placement financing (the “ Offering ”) ( see news release dated February 23, 2024 ) for gross proceeds of C$2,505,866. In connection with the Offering, Alamos Gold Inc. (“Alamos”) ( TSX: AGI; NYSE: AGI ) purchased securities to maintain their 9.9% interest...

SASKATOON, Saskatchewan, April 16, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB:GFGSF) (“ GFG ” or the “ Company ”) announces that it has issued shares pursuant to the previously announced option agreement (the “ Agreement ”) with International Explorers and Prospectors Inc. (“ IEP ”) whereby GFG can acquire a 100% interest of the WWCC Property, located 40 kilometres east of Timmins, Ontario ( see news release: “ GFG Finalizes WWCC Property Acquisition East...

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, April 08, 2024 (GLOBE NEWSWIRE) -- Canada: GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces that the Company has received approval from the TSX Venture Exchange to extend the closing of its previously announced non-brokered private placement financing (the “ Offering ”) ( see news release dated February 22, 2024 ). The Company anticipates closing the...

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, March 08, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announce that, due to a typographical error, it has filed an amended and restated offering document (“Form 45-106 F19”) dated March 8, 2024 (the “Amended and Restated Offering Document“) in connection with its previously announced private placement pursuant to the listed issuer...

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES SASKATOON, Saskatchewan, Feb. 23, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“ GFG ” or the “ Company ”) announces a private placement to raise gross proceeds of up to C$3.3 million (the “ Offering ”). As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. ( TSX: AGI; NYSE: AGI ) has committed to purchase securities in the Offering to maintain their position at...

SASKATOON, Saskatchewan, Feb. 16, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSX-V: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) pursuant to the Company’s annual executive compensation program, the Company announced that it has granted stock options to directors, officers, employees and senior consultants to purchase up to an aggregate of 3,590,000 common shares of the Company. The stock options have various vesting periods and are exercisable for a period of five years at a price of...

KEY HIGHLIGHTS: Hole ALJ-23-004 returned broad zones of anomalous gold from surface to approximately 265 m downhole in mafic volcanics below the Aljo Mine workings along with high-grade zones with visible gold including: 3.65 grams of gold per tonne (“g/t Au”) over 6.3 metres (“m”) including 18.40 g/t Au over 1.1 m from 125.7 m downhole; and 13.35 grams g/t Au over 3.6 m, including 32.94 g/t Au over 1.4 m from 350.5 m downhole. A new footwall zone was intersected near the bottom of hole...

KEY HIGHLIGHTS: Hole MTC-23-060 intercepted multiple near-surface lenses in the bulk tonnage MC Main Zone including 24.9 metres (“m”) of 1.05 grams of gold per tonne (“g/t Au”) and 41.8 m of 0.92 g/t Au at the Montclerg Gold Project (“Montclerg” or the “Project”). Hole MTC-23-062 returned one of the highest-grade intercepts drilled to-date within the bulk-tonnage style Main Zone of 3.09 g/t Au over 12.8 m and 1.16 g/t Au over 12.8 m near surface. Assay results (8 holes) from the...

KEY HIGHLIGHTS: Hole MTC-23-059, a 150-metre step-out hole down-dip, returned 4.79 grams of gold per tonne (“g/t Au”) over 12.8 metres (“m”) including 10.05 g/t Au over 4.3 m at the Montclerg Gold Project (“Montclerg” or the “Project”). Hole MTC-23-063 returned 3.38 g/t Au over 5.8 m near surface. Assay results from 12 holes remain pending. Drilling is planned to resume in February with a primary focus at Montclerg and testing high-priority targets across the Goldarm Property....