{"id":1191074,"date":"2020-06-18T19:22:38","date_gmt":"2020-06-19T00:22:38","guid":{"rendered":"https:\/\/www.mining.com\/?p=1027473"},"modified":"2020-06-18T19:22:38","modified_gmt":"2020-06-19T00:22:38","slug":"gfg-ramps-up-exploration-at-pen","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1191074","title":{"rendered":"GFG ramps up exploration at Pen"},"content":{"rendered":"

After a successful initial drill program earlier this year at its Pen project, 40 km west of Timmins, and a C$5.9-million financing closed in May, GFG Resources is planning a more \u201caggressive\u201d exploration program for the second half of the year.<\/p>\n

An 8,500-metre campaign starting next month will focus on the Nib prospect, where the company made a\u00a0new discovery in April,<\/a><\/strong>\u00a0drilling 8.5 metres of 71.27 g\/t gold starting at 50 metres vertical depth.<\/p>\n

The company also plans to test other regional targets.<\/p>\n

In addition to Nib, the recent drill program tested targets at the HGM and Slate Rock East prospects at Pen. <\/p>\n

Other highlights of the eight-hole 3,300-metre program include: 3.1 metres of 4.5 g\/t gold from 401 metres depth at the HGM target, where drilling continues to intersect multiple zones of gold mineralization and has now been extended to 500 metres depth. The high-grade interval was intercepted within the targeted mafic volcanic unit.<\/p>\n

At Slate Rock East, drilling intercepted visible gold and broad zones of low-grade gold mineralization, including highlights of 25.5 metres of 0.29 g\/t gold starting at 127.5 metres depth, including 1 metre of 2.36 g\/t gold. (True widths are estimated at 70-90% of reported widths.)<\/p>\n

GFG has now doubled its 2020 exploration budget for Pen to C$4 million. The 500-sq.-km project project covers the interpreted westward extension of the Porcupine-Destor Fault Zone.<\/p>\n

Nib is located near the centre of the property with Slate Rock East to the east and HGM to the west. <\/p>\n

The upcoming program will also include follow-up drilling along the Deerfoot corridor, which hosts HGM, and test new targets such as Broadway, northwest of HGM, and Boundary, which lies between HGM and Nib.<\/p>\n

Based in Saskatoon, GFG raised C$5.9 million last month for exploration, with Alamos Gold participating and becoming a strategic partner with a 9.9% stake in the company.<\/p>\n

(This article first appeared in the <\/em>Canadian Mining Journal<\/em><\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

An 8,500-metre campaign starting next month will focus on the Nib prospect.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191074"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1191074"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191074\/revisions"}],"predecessor-version":[{"id":1191075,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1191074\/revisions\/1191075"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1191074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1191074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1191074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}