GFG Resources

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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: https://gfgresources.com
Corporate presentation: Click here

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$5M
Debt:/

 

Major shareholders:

Alanos Gold 10.8%

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?

March 17: GFG Drills High-Grade Gold at Aljo, 6.62 g/t Gold over 11.2 m

 

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 m with Significant Visible Gold at the Aljo Mine Target

 

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

Announce results from 21 drill holes at Aljo, Muskego and Chabot

Drill 3000 metres at the Aljo Gold Project 

 

6 Months:

Announce results from 21 drill holes at Aljo, Muskego and Chabot

Drill 3000 metres at the Aljo Gold Project 

New gold discovery at Muskego 

Further drilling at Aljo 

Financing

 

 

12 Months:

Continue to aggressively advance the Aljo Gold Project with ~8,000 metres of drilling

Initial resource estimates from Aljo and Montclerg gold projects 

Significant drill programs at Muskego and other targets with ~2,000 metres

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Market volatility, lack of investor interest in juniors

We have the support of top shareholders like Alamos Gold, we have increased our marketing budget, following the close of our current financing, we will have ~$7 million in cash, providing several 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