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gfk resources (GFK) Details

GFK Resources Inc., an exploration stage company, engages in the acquisition and exploration of mineral properties primarily in Canada. It primarily holds an option to earn 100% interest in the Casa-Cameron project, which consists of 9 gold properties with 446 claims covering an area of 22,189 hectares located in the Abitibi region of Quebec. The company is based in Nova Scotia, Canada.

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gfk resources (GFK) Key Developments

GFK Resources Inc Auditor Raises 'Going Concern' Doubt

GFK Resources Inc filed its Annual on Dec 23, 2014 for the period ending Aug 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

GFK Resources Inc and Adventure Gold, Inc. Announce Initial Results of the 2014 Exploration Diamond Drilling Program on the Casa-Cameron Project

GFK Resources Inc. and Adventure Gold Inc. announced the initial results of the 2014 exploration diamond drilling program on the Casa-Cameron project. The program totaling 9,000 metres of drilling, of which the Phase 1, has been completed on the Florence property outlined two gold zones over at least 1.5 kilometre along strike and up to 300 metres at depth. The gold zones are associated with a large alkaline intrusive complex along the Casa-Berardi - Cameron Gold Trend (CBCGT). The Florence property is located 23 kilometres north of the town of Lebel-sur-Quevillon, about 70 kilometres east of the Sleeping Giant mine and mill and about 60 kilometres southwest of the Bachelor mine and mill. The Phase 1 drilling program on the Florence property consisted of eight diamond drill holes totaling 2,951 metres. The first five drill holes were designed to test the Chieftain gold deformation over a strike length of 1.5 km around a 200 to 300 metres depth. Three other holes tested Induced polarization (IP) and Megatem (EM) anomalies in the area of new gold showing discovered by Adventure Gold (7.0 g/t and 3.2 g/t Au in grab samples). Drilling confirmed the presence of a large gold system associated with two major gold deformation zones up to 45 metres in thickness. The best intersect returned 0.6 g/t Au over 20 metres including 1.0 g/t Au over 9 metres in hole F-14-01 at a 160 metre depth. Additional geophysics (IP and Mag) and prospecting work is scheduled for this summer. A total of 33 line-kilometres of IP will be completed on Casagosic, Bell-Vezza and Sinclair-Bruneau properties, 90 km of ground magnetics on Vezza North, Vezza Extension, and Sinclair-Bruneau properties and 40 days of prospecting work on Florence and Bachelor Extension properties. The next 3,000 metres drilling program is slated to begin in August on the Vezza North property to test kilometre-scale gold deformation zones with historical gold values of 11 g/t Au over 4 metres and 4.5 g/t Au over 3.4 metres within a zone grading 2.1 g/t Au over 8.5 metres between 100 to 200 metres of the surface and open in all direction. The Casa Cameron Project includes nine gold Properties (436 mining claims): Casagosic, KLM, Vezza North, Vezza Extension, Bell-Vezza, Sinclair-Bruneau, Florence, Céré-113 and Bachelor Extension. The Properties are located north of La Sarre, Amos and Lebel-sur-Quevillon, in the northwest region of the province of Quebec and they are accessible all year long by paved and gravel roads. GFK and AGE have an agreement pursuant to which GFK has acquired the option to earn between 51% or 100% interest in AGE's Casa-Cameron project covering an area of 231 km. The Properties straddle segments of the major Casa-Berardi/Cameron gold break between the Casa-Berardi Gold Mine - proven reserves of 1.0 Mt at 5.7 g/t Au for 185,200 ounces and probable reserves of 7.2 Mt at 5.2 g/t Au for 1.2M ounces for a total of proven and probable reserves of 8.2 Mt at 5.3 g/t Au for 1.4M ounces; measured resources of 1.8 Mt at 5.9 g/t Au for 340,600 ounces and indicated resources of 9.0 Mt at 3.7 g/t Au for 1.1M ounces for a total of measured and indicated resources of 10.8 Mt at 4.1 g/t Au for 1.4M ounces and inferred resources of 3.4 Mt at 5.5 g/t Au for 601,300 ounces - Hecla Mining and the Bachelor Gold Mine.

GFK Resources Inc. and Adventure Gold Inc. Provide Drilling Operations Update for the Casa-Cameron Project, Quebec

GFK Resources Inc. and Adventure Gold Inc. have provided an update on drilling operations at the Casa-Cameron projecton Florence property in the northwest region of the province of Quebec. Drilling at the Property began March 7, 2014. Four (4) Diamond Drill Holes totalling 1,663 metres were completed. The drill rig is now on the target no-5, and 200 metres has been completed. The five holes have tested the Chieftain gold deformation zone over a strike length of 1.5 km between the surface and around 275 metres deep. Historical drilling in this area returned up to 1 g/t Au over 26 metres, including 2.9 g/t Au over 3.9 metres and 1 g/t Au over 18.6 metres, including 2.8 g/t Au over 4.2 metres (holes CH-1 and G-91-7: GM55861). For now, a total of 649 drill samples (4 holes) have been submitted for assay. Once assay results have been returned to project operator Adventure Gold Inc., validated, compiled and provided to GFK, those assays will be released as soon as possible. The 2014 exploration diamond drilling program on the Casa-Cameron project will be conducted in three phases totaling 9,000 metres of drilling, of which Phase 1, for 3,000 metres is underway on the Florence property. The Project includes nine properties strategically located along the prolific Casa-Berardi/Cameron Gold Trend, in the Abitibi Greenstone Belt, Quebec. Phase 2 and 3 drilling programs are slated to start respectively in May and September on other Properties of the Project.


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