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GFG drills impressive 9.97 g/t gold over 8m at Timmins area Montclerg Gold Project

Jul 14, 2023

GFG Resources Inc. is reporting new high-grade gold assay results from its recently completed 13-hole 2023 Phase 1 drill program at the Montclerg Gold Project, located 40 kilometres (“km”) east of Timmins. The results are from eight drill holes completed along the Montclerg gold system where GFG has continuously proven and grown a robust gold system since the Company acquired the asset in October 2021.

The Phase 1 drill program was designed to complete infill drilling to confirm continuity in the Montclerg Central area and drill significant step-out holes to determine if gold mineralization occurs over one km to the east. The Phase 1 drill program was higher risk by design as the Company believes that the opportunity to discover new zones of gold mineralization at depth and along strike at Montclerg is high.

“Over the past year, we have successfully consolidated the Goldarm property, resulting in an extensive and highly prospective regional land holding in an incredibly well-endowed and infrastructure-rich region,” stated Brian Skanderbeg, President and CEO of GFG. “Our strategy is two-fold: first, to advance and grow the Montclerg gold system into a system of critical mass, and second, to generate, develop, and systematically test a pipeline of priority drill targets across the Goldarm property. Our drilling efforts to date have primarily focused on the shallow portions of the system, where we have demonstrated strong continuity and grade. As we expand our exploration to depth and along strike, we continue to intercept high grades and outline new zones of gold mineralization, showcasing Montclerg's strong potential for new discoveries both at depth and to the east. The same holds true for the Aljo Mine target and our other fully permitted regional targets. Our progress thus far underscores our commitment to maximizing the value of our assets and driving long-term growth for our stakeholders."

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