SAN FRANCISCO, Dec. 11, 2017 (GLOBE NEWSWIRE) -- Cormark Securities provided an update on this company's gold project in central Wyoming.
Included in this article is: GFG Resources Inc. (TSX.V:GFG) (OTCQB:GFGSF)
In a Nov. 15 research note, Tyron Breytenbach, an analyst with Cormark Securities Inc., reported that GFG Resources Inc. (TSX.V:GFG) (OTCQB:GFGSF) has identified, via drilling, new areas of mineralization at its Rattlesnake Hills project.
GFG expanded the North Stock target "by 100 meters (100m) to the west, drilling 0.95 grams per ton gold over 22.9m outside of the previous mineralization footprint," indicated Breytenbach.
Drilling of the Middle Ground target, the brownfields area between North Stock and Antelope Basin, "continues to return economic mineralization," he added. By connecting those two targets, if possible, GFG could extend the overall mineralized strike length to 1.1 kilometers.
As for the overall size of the resource at Rattlesnake Hills, Cormark estimated it to be an open-pittable 2 million ounces based on results from the 80,000m of historical drilling and from this year's 43-hole, 15,000m drill program.
Continue reading this article: 'Prospective Explorer' Working Toward Maiden Resource
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