geodan
3月前
$GFGSF Nirvana Bonanza Grades lower down,Video+GoldPicsUp60%3days
GFG assays one holes and in GFGSF video call yesterday https://events.6ix.com/preview/gfg-talks-recent-high-grade-gold-results-from-the-aljo-mine-target Showed pics of big visible gold in lower down cores with assays to come out soon. This can 10-50 bag the stock.
About half thru it seems at Pen they drilled in Mustego swamp and got XRF results of 1 to 10 grams, virgin ground; no one has ever tested it. Is under mud/water. I like the CC, goes into geology deep.
They say the lower visible gold grain density at Aljo is much higher than the 14 gram ton at higher up core assay. He hints it is in 100-300 gram grade per ton. You can listen yourself and do your own take on it. He says 5-6 gold grains showing is often 10-20 grams and one part of the 2nd zone had 30-40 grains showing, and that can be 100-200-300 grams a ton, just relistened. Listen at 41 mins. Assays coming. Wow. The video is worth watching, going up about 20% a day since PR.
geodan
3年前
Excellent news out, they hit 54 meters total over 1 gram gold near surface and another hole with 4 gold zones including the headline high-grade 7.5 meters at 8+grams!
GFG Expands High-Grade Gold at Montclerg with 8.34 g/t Au over 7.5 Metres East of the Prolific Timmins Gold District 03/22/2022
Additional high-grade and bulk tonnage gold intercepts from four new assay results from the inaugural 2021 drill program at the Montclerg Gold Project
Hole MTC-21-006 returned 8.34 grams of gold per tonne (g/t Au) over 7.5 metres (m), 40 m east of hole MTC-21-005 that graded 4.82 g/t Au over 26.0 m
MTC-21-007 intercepted multiple bulk-tonnage zones above 125 m depth that graded 1.40 g/t Au over 31.1 m and 1.11 g/t Au over 23.0 m. Assay results from the remaining five holes are pending and expect to be received in the coming weeks
Drilling resumed in March at the Montclerg Gold Project with a 5,000 m Phase 1 drill program
SASKATOON, Saskatchewan, March 22, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports new assay results from four drill holes that have intersected multiple zones of significant gold mineralization at the Montclerg Gold Project (the “Project” and/or “Montclerg”), located 48 kilometres (“km”) east of the prolific Timmins Gold District in Ontario, Canada (See Figure 1). In 2022, GFG plans to drill approximately 10,000 m at Montclerg in parallel with a significant regional exploration program at its Goldarm and Pen gold properties.
Today’s results are from the inaugural drill program which was completed in the fourth quarter of 2021. To date, the Company has released assay results from nine of the 14 holes that have successfully returned both high-grade and bulk tonnage intercepts from the MC Central target (See Table 1 and Figures 2-5). The remaining five holes include additional testing of targets at MC Central and initial tests at MC East. The Company expects to report assay results from the remaining 2021 drill holes in the coming weeks.
Brian Skanderbeg, President and CEO of GFG, stated, “Our early drilling success at Montclerg is demonstrating the continuity of the system with both high-grade and bulk tonnage components. These recent results are expanding our understanding of the system and its structural controls; the intensity of the alteration, veining and sulphidation that we are seeing is consistent with a large-scale gold system. With our Phase 1 2022 drill program well underway, further assays pending from 2021 and encouraging metallurgical results from our partnership at Rattlesnake Hills, we are off to great start and look forward to an exciting 2022.”
Rest and fig links here: https://s21.q4cdn.com/712049373/files/doc_news/GFG-Expands-High-Grade-Gold-at-Montclerg-with-8.34-gt-Au-over-7.5-Metres-East-of-the-Prolific-Timmins-Gold-District-2022.pdf
geodan
3年前
Bill says they were amazed at how high the gold recovery was on solid cores. Q+A now https://attendee.gotowebinar.com/register/8133997228348689164
Add on: Had heard via 2nd party that GFG said they expected zero recovery on at least one core, they picked it as worst case, Yet they got 18% of the gold out anyway. Bill said he can not understand being how impermeable that core was how any gold was pulled out of it, yet 18% came out. This is amazing good news.
The bad news is they will not be in production in the next year, but maybe in 2 years,
My best guess at this time is it will work. This will be one of the biggest revolutions in gold mining. As they put it it is so cheap to do that a mine that would get 97% gold recovery yet lose money, could with this get 40-50% recovery and be very profitable, the same mine. GFG owns 9% roughly of G11. And they may get $125+ million dollars of profits off of this first use of Choridate In-Situ gold mining at Rattlesnake deposit.
Recording will come out of this webinar
geodan
3年前
My interpretation of GFG/G11 In-situ results at Rattlesnake. Superb news, and comes it at roughly the highest level of recoveries was hoping for. In my article https://seekingalpha.com/instablog/535947-darp-research/5611282-gfgs-game-changing-in-situ-gold-mining-deal-tiny-downside-and-huge-upside#comments said:
"If the AISC at Rattlesnake is $500 that would be $1,300 margin times GFG share 66,667oz = potential profits of $87 million. Current GFG market cap is $13 million so that is a 6 bagger just in cash in the bank if things went that well. And GFG gets $7.5 million cash payment from Group 11 outside of mine revenue too in the deal, then add it they get a large amount of stock in Group 11. And if gold is $2,400 and they do not have to rubblize the ore and get 50% recovery so have a $200 AISC then 100,000 oz times $2,200 = $220 million potential profits for GFGSF. I will be thrilled with the $87 million, but the 2nd scenario is possible."
Their non-crushed whole half cores came in at 48.2% gold recovery, closer to the 2nd scenario, beyond the "thrilled with" 1st one. If half way that is about $150 million in profits, to be conservative can call it $120 million of profits with virtually no investment by GFG, G11 does that. This news is 4 months late in coming so shocks me it is so good, was guessing they were having troubles, but ended up as superb results.
There is more. If you look at charts in the PR link https://www.globenewswire.com/NewsRoom/AttachmentNg/a1009505-e0b3-4e64-a969-f4aca467896d They are getting 30% of the gold in 5 days. In-situ recovery at the mine even if you triple that to 15 days, yikes, who has ever heard of getting 30% of your gold out of a mine in 15 days after you tunnel to the ore? Maybe 5 years is average on that, In fact at Rattlesnake being that open pit is the alternative and say a 15 year mining period, that is 5 years to get 30%.
So they will get their first 30% of profits incredibly fast, about 125 times faster than an open pit mine, wow. And you get 99% of the gold you will get in 30 days in the lab, so maybe 100 days in the field? Absurdly fast. If takes even a year, still absurdly fast.
Being their new land package in Canada now has a proven high grade gold system, that makes it worth the entire market cap of GFG. So Rattlesnake/In-Situ is on top of that. The stock doing a 20 bagger+ since my article was published seems quite possible.
Cheers
GFG Receives Positive Initial Metallurgical Results from Rattlesnake Hills Gold Project Partner Group 11 Technologies 03/15/2022
SASKATOON, Saskatchewan, March 15, 2022 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) is pleased to report that it has received positive metallurgical results from the Rattlesnake Hills Gold Project (“RSH Project”) located in Wyoming, U.S. from its option partner, Group 11 Technologies Inc. (“Group 11”), (see news release: “GFG Signs Option Agreement with Group 11 Technologies to Advance the Rattlesnake Hills Gold Project with Disruptive Technology”). Provided below are the first test results in the process to develop In-situ Recovery (“ISR”) technology for gold mining using EnviroMetal Technologies Inc. (“EnviroMetal”) non-cyanide and environmentally friendly leaching solution. The gold recovery tests from uncrushed half-core samples demonstrated recoveries ranging from 15.9% to 77.5%, averaging 48.2% while the bottle roll testing of crushed material returned gold recoveries ranging from 38.3% to 89.5%, averaging 61.4%.
“These initial results have exceeded our and Group 11’s expectations and this is an exciting development for our shareholders, stakeholders and the gold mining industry as a whole,” stated Brian Skanderbeg, President and CEO of GFG. “We look forward to the next phase of testing as they continue along the path of proving and adapting ISR technology to gold mining.”
Dr. Dennis Stover, Group 11 and enCore Energy Corps’ Chief Technical Officer and co-discoverer of the in-situ recovery process in the uranium sector, said: “Group 11 is very pleased with the initial tests which showed strong results to extract gold from the existing core samples with an environmentally-friendly solvent. This first step will provide the basis for future tests to be conducted on the use of the lixiviant in combination with ISR technology. Group 11 is working to create new environmentally-friendly options to extract gold and other metals through less invasive ISR extraction which is in widespread use in the uranium sector.”
LIVE WEBCAST – MARCH 17, 2022 11 AM ET
Group 11 and their partners will host a webcast on Thursday, March 17 at 11:00 am Eastern Time (8:00 am Pacific Time) to discuss the results of the Phase 1 tests, next steps and to answer any questions from shareholders. Shareholders, analysts, investors, and media are invited to join the live webcast by registering using the link below. A replay of the webcast will be available. Please join us: https://attendee.gotowebinar.com/register/8133997228348689164
Below has rest and tables of recoveries
https://www.gfgresources.com/news/press-release-details/2022/GFG-Receives-Positive-Initial-Metallurgical-Results-from-Rattlesnake-Hills-Gold-Project-Partner-Group-11-Technologies/default.aspx
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