UPPER TANTALLON, NOVA SCOTIA and MONTREAL, QUEBEC--(Marketwired - Feb. 15, 2017) - GFK Resources Inc. (the "Company"or "GFK") - (TSX VENTURE:GFK), is pleased to announce the beginning of a 3000 metre drilling program, in 15 drill holes, on its wholly owned Vezza Extension, Vezza Nord, Bachelor Extension and WinWin properties. This program objective is to drill high priority targets, identified by compilation of historical works or by recent geophysical surveys.
The Vezza Extension and Vezza Nord properties are located few kilometres North and West of the Vezza gold mine, currently in production; the Bachelor Extension property is located approximately seven kilometres East from the Bachelor gold mine, which is also in production. The WinWin property is directly located to the North extension of the Monster Lake Project (Iamgold / Tomagold) within the Chibougamau area. All these properties are easily accessible by road.
Louis Morin, CEO, commented: « it is with great interest that we start this new drilling program as it will allow us to test a series of targets which, in the past, generated very encouraging results. We will also have the opportunity to test new targets, developed through induced polarization (I.P.) geophysics surveys completed in 2016 ».
Mr. Tony Brisson P.Geo. is acting as qualified person (as defined by NI 43-101) for GFK and has reviewed and approved the scientific and technical information in this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About GFK: GFK Resources Inc. is a mining exploration company focused on discovering high quality gold and base metals deposits within strategically located properties within proven mining camps, sometimes close to existing mines in the Abitibi Greenstone Belt located in north-west Quebec and north-east Ontario - one of the most prolific gold deposits areas in the world. GFK holds assets in Val-d'Or, Matagami and Chibougamau areas. Bachelor Extension property is adjacent to Metanor Resources Inc.- Bachelor Gold Mine, Vezza Extension and Vezza North are located few kilometers West and North of Nottaway Resources Vezza Mine. More recently, GFK acquired new properties, all easily accessible by a good road network: Fecteau property, located in the active Urban-Barry townsip, Winwin property, located in the neighbourhood of Iamgold Monster Lake property and Grizzly property, located in Chibougamau mining camp.
The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although GFK deems the expectations reflected in these forward looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.