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    GGLD   CA3698981014

GENERAL GOLD RESOURCES INC.

(GGLD)
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General Gold Resources Inc. Receives All Drilling Permits Needed to Commence Its Current Clark's Brook Exploration Program

05/18/2021 | 04:40pm EDT

General Gold Resources Inc. announced that it has received all drilling permits needed to commence its current Clark's Brook exploration program. The Clark's Brook property is comprised of 31 claim units in central Newfoundland and surrounded on three sides by the Queensway Project, currently being explored and drilled by New Found Gold Corp. The Clark's Brook property consists of claims originally staked in 2016, covering two auriferous showings first discovered in 2003. As part of the earlier geological mapping and prospecting program, discoveries were made at both the Clark's Brook East ("CBE") and West ("CBW") zones. On the CBE gold zone, seven representative grab samples were attained, each comprised of material from several mineralized boulders that assayed between 2.98g/t and 24.5g/t gold with an average of 7.93g/t gold. The CBW gold zone discovery was first made in mineralized boulders returning 8.9g/t and 9.28g/t gold. The gold mineralization on the CBE area occurs in moderately to strongly silicified siltstones brecciated by a network of thin, commonly vuggy quartz veins. Boulders at the site, ranging from 0.5 to 2m3 in size, host 15-25% vein material with trace to minor pyrite and arsenopyrite. Grab samples range between 0.25g/t and 24.5g/t, with elevated silver, molybdenum, arsenic and antimony. The underlying bedrock contains less mineralization and silicification with smaller and less concentrated vein material but still carries gold mineralization to 1.3g/t gold. At the CBW zone, grab samples of outcrop and boulders returned assays ranging from anomalous to 9.28g/t gold with anomalous values in silver, lead, zinc and cadmium.


ę S&P Capital IQ 2021
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Financials
Sales 2020 - - -
Net income 2020 -0,03 M -0,03 M -0,03 M
Net Debt 2020 0,14 M 0,11 M 0,11 M
P/E ratio 2020 -11,3x
Yield 2020 -
Capitalization 11,3 M 8,84 M 8,84 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 89,4%
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Managers and Directors
Michelle Gahagan President, Chief Executive Officer & Director
Michael Charles Peter Curtis Independent Director
James E. Newall Director
James Garnet Clark Director
Kelsey Chin Chief Financial Officer & Secretary
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