GFG Discovers New Gold Zone in Footwall and Extends Mineralization to Near-Surface at Aljo Gold Project, Timmins, ON

Core Viewpoint - GFG Resources Inc. has reported significant assay results from its Aljo Mine Target, indicating the discovery of new high-grade gold zones and the expansion of known mineralized areas, which enhances the potential for further discoveries in the Timmins Gold District of Ontario, Canada [2][5][14]. Drilling Program and Results - The recent drilling program consisted of 12 holes totaling 2,600 meters, focusing on the downdip and lateral extensions of the historic Aljo Mine, as well as testing new targets [3][4]. - Notable intersections include high-grade gold in the HW and Main Zones, with the discovery of a new FW Zone (FW3) characterized by significant visible gold and high-grade mineralization, with assays reaching up to 7.26 g/t Au [4][6][10]. Specific Assay Results - Hole ALJ-24-019 intersected multiple high-grade intervals, including 4.39 g/t Au over 3.4 m and 7.76 g/t Au over 1.5 m in the HW Zone, confirming continuity of mineralization [6][7]. - The Main Zone also showed promising results, with intercepts of 8.00 g/t Au over 0.5 m and 5.11 g/t Au over 0.8 m, correlating with previous high-grade results [9][10]. - The new FW3 Zone yielded significant results, including 7.26 g/t Au over 0.6 m, indicating a 60 m step-out from previously reported high-grade gold [10][12]. Future Plans - Follow-up drilling at Aljo is scheduled to commence in the second half of 2025, with an aggressive program planned to further explore the depth and strike extensions of the HW, Main, and FW Zones, totaling approximately 3,000 meters [4][7][14]. - The company is also expanding its exploration pipeline in the region, which continues to attract attention due to its geological potential [14][25]. Muskego Target Update - GFG has initiated a drill program at the Muskego target area, testing several greenfield targets with a total of 10 holes drilled, totaling 2,685 meters, with assay results pending [17][18]. - A sonic drill program was also completed to gather samples for generating additional drill targets in this underexplored region [18]. Company Overview - GFG Resources Inc. is focused on district-scale gold projects in tier one mining jurisdictions, operating three gold projects in the Timmins Gold District, which has historically produced over 70 million ounces of gold [25].