Mr. Brian Skanderbeg reports
GFG AND NEWCREST EXTEND OPTION PERIOD ON THE RATTLESNAKE HILLS GOLD PROJECT
GFG Resources Inc. has extended the option period under the Rattlesnake Hills gold project option and earn-in agreement with Newcrest Resources Inc., a wholly owned subsidiary of Newcrest Mining Ltd. from March 9, 2020, to May 1, 2020.
The extension will allow Newcrest additional time to consider exercising its option to enter into the earn-in phase of the agreement. The earn-in phase consists of three stages whereby Newcrest can earn up to 75 per cent of the project over an eight-year period. See the news release dated Sept. 8, 2018, for complete details of the agreement.
About GFG Resources Inc.
GFG Resources is a North American precious metals exploration company focused on district-scale gold projects in tier 1 mining jurisdictions -- Ontario and Wyoming.
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