GFG Expands Aljo Gold System, Outlines Next Drill Program and Steps Up Regional Exploration

Core Viewpoint - GFG Resources Inc. has reported promising final assay results from its Phase 1 2025 drill program at the Aljo Gold Project, indicating significant high-grade gold mineralization and the discovery of a new gold zone, which supports the potential for a large-scale gold system in the Timmins Gold District of Ontario, Canada [1][2][4]. Drilling Results - The drilling program successfully extended high-grade gold mineralization in the Hangingwall and Main Zones, confirmed broad mineralized envelopes in the Aljo West Zone, and discovered a new Footwall gold zone characterized by strong alteration and visible gold [2][4]. - Notable high-grade gold intercepts include: - 6.62 grams of gold per tonne over 11.2 meters, including 7.24 g/t over 10.2 meters in hole ALJ-24-020 [7]. - 4.13 g/t over 5.2 meters, including 8.98 g/t over 2.2 meters in hole ALJ-24-018 [7]. - 1.74 g/t over 13.2 meters, including 24.2 g/t over 0.5 meters in hole ALJ-24-017 [7]. - The Aljo system's strike length now exceeds 600 meters, with continuity confirmed from surface to over 300 meters vertical depth across multiple zones [7]. Future Exploration Plans - A follow-up 3,000-meter drill program is scheduled to begin shortly, focusing on expanding the current findings and exploring new targets, particularly along the Pipestone Fault [3][8]. - The company plans to implement significant regional geochemical and geophysical programs to develop and expand the target pipeline, with drilling expected in the fourth quarter [3][8]. Company Insights - GFG Resources Inc. operates in the Timmins Gold District, a region known for its rich gold deposits, and is focused on district-scale gold projects [18]. - The company emphasizes the potential of the Pipestone Fault to host high-grade, multi-million-ounce gold deposits, similar to other world-class systems in the area [5][6].