GFG Resources
Primary ticker: TSXV: GFG OTCQB: GFGSF
Stage of development: Exploration
Primary minerals: Gold
Project to promote: Goldarm, Pen and Dore gold projects
Project location: Timmins, ON Canada
Website: gfgresources.com
Gold explorer with 3 district scale assets in Timmins Gold District in Ontario, Canada. Projects are adjacent to Agnico, Newmont, IAMGold, Pan American,McEwan, Mayfair and Onyx.
A trusted team with a proven track record in exploration, development and production. Transformed our last company from a C$20M market cap to C$700 when we sold it to SSRM Mining.
Strategic investment by Alamos Gold & back by Lundin Family Fund, Gold 2000, US Global to name a few.
Cash: CAD 2.2M
Debt: NIL
Major shareholders:
Alanos Gold – 9.9%
Tim Stabosz – 9%
Lundin Family Fund – 7.2%
US Global – 7%
Gold 2000 – 6%
Management Ownership – 5%
Financials
Management Profile
Brian Skanderbeg – President & CEO
Prior to GFG, Brian was the President and CEO of Claude Resources Inc. which was acquired by Silver Standard Resources Inc. in 2016. He previously worked for Goldcorp, Inco Ltd. and Helio Resources, holding positions in both exploration and operations. Mr. Skanderbeg is also a director of Wesdome Mines. He holds a B.Sc. from the University of Manitoba and an M.Sc. from Rhodes University, South Africa. He brings extensive experience in the exploration and evaluation of gold systems, operational management, cost and asset optimization and strategic analysis.
What is your rationale for taking part in 121 Mining Investment?
Looking for new investors, provide an update on our new high-grade gold system we are currently drilling, introduce our new Muskego gold target which we believe could be the next big gold discovery
What recent news would you like to highlight to investors attending?
September 5: GFG Extends Gold Mineralization to Depth and Confirms Multiple High Grade Vein Systems with 23.08 g/t Gold over 7.6 m at the Aljo Target – Main Zone
August 19: GFG Drills 13.94 g/t Gold over 7.1 metres with Significant Visible Gold at the Aljo Mine Target (East of Timmins)
August 16: GFG Signs Definitive Agreement with Patriot Gold to Sell its Rattlesnake Hills Gold Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Drill 4,000 metres at Aljo
Close the sale of the Rattlesnake Hills Gold Project
6 Months:
First drill test at the Muskego Gold Target
New gold discovery at Muskego
Further drilling at Aljo
Financing
12 Months:
Initial resource at Aljo and Montclerg gold projects
Significant drill program at Muskego
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Financing – have the support of top shareholders, lack of investor interest in juniors – increase in marketing budget as we have significant catalysts over the next 12 months.
What do you think makes your company such a compelling investment?
An excellent team that you can trust
Operating in one of the best jurisdictions in the world
Backed by Alamos gold and many other strong institutions
Have two gold projects close to resource stage
Offer the opportunity in the near term to make a new significant gold discovery
What are the top 3 key investor takeaways?
A great team that has done before
Several projects that can support valuation in world class jurisdictions
Backed by some of the best corporates and investors in the industry