High-Grade Gold At Aljo Mine Target

SASKATOON - GFG Resources Inc.reported about the on-going drill programs at its Aljo Mine Target. Aljo is located on GFG’s Goldarm Property in Timmins Gold District of Ontario, Canada.

Brian Skanderbeg, CEO and President, said, “We are very pleased with the results from our recent drill program at Aljo, particularly in the successful extension of the HW and Main Zones both at depth and near surface. The strong continuity observed in the HW Zones, which remains open, is an exciting growth opportunity at shallow depths. In addition, the convergence of multiple vein orientations in the promising footwall environment near the Kingswood shear reinforces the potential of the gold system at depth and paves the way for further exploration.  Further drilling in the Main, HW, and FW Zones, as well as the North West target area, yielded multiple veined intervals that are at the lab pending assay, boosting our confidence to continue to aggressively advance Aljo.

We made significant progress at the new Muskego target area in the first quarter with the construction of multiple roads and drill pads that allowed us to test several greenfield targets of which we have now completed 8 of the proposed 10-12 hole program. In addition to the drill program, we completed a sonic till sampling program and are currently completing a significant IP survey over the majority of the Muskego target area.”

In late 2024 and early 2025, the Company completed a total of 12 holes (2,600 m) focused on testing the downdip and lateral extensions at Aljo and completed step-out holes that tested the North West target. Drilling was successful in expanding known mineralized zones and identifying new zones of gold mineralization which host significant visible gold. Follow-up drilling at Aljo is planned to start in the second half of 2025 with approximately 4,000 m.

ALJ-24-017 - This hole was successful in demonstrating continuity of the HW and FW Zones within the Aljo gold system. The HW Zone yielded an intercept of 1.74 g/t Au over 13.2 m including 24.2 g/t Au over 0.5 m and 5.72 g/t Au over 0.5 m. This zone represents a 30 m step-out from previous drilling showing good continuity of the quartz-carbonate veins with coarse visible gold. The Main Zone was observed yielding a lower grade zone of 0.81 g/t Au over 4.3 m. A FW Zone grading 1.51 g/t Au over 5.2 m including 4.68 g/t Au over 1.5 m was intersected, successfully extending the FW zone down-dip and along strike by 55 m from a previously drilled high-grade intercept of 13.35 g/t Au over 3.6 m in ALJ-23-004.

ALJ-24-018 - This hole is the deepest drilled to date at Aljo and successfully extended the HW Zone down-dip by 50 m yielding an intercept of 4.13 g/t Au over 5.2 m including a high-grade interval of 8.98 g/t Au over 2.2 m at a vertical depth of 115 m. This zone generally lies along the mafic-ultramafic contact, consistent with what is observed in other drill intercepts and surface trenches. The Main zone intercept of 5.9 g/t Au over 1.4 m successfully extends the gold mineralization by 100 m down-dip from the previously drilled high-grade intercept of 23.08 g/t Au over 7.6 m in ALJ-24-012.

ALJ-24-020 - An important part of the Aljo drill program was to investigate the overall continuity of the HW Zone with 25-50 m step-outs. This hole was successful in yielding one of the highest gram-metre products ever at Aljo yielding a zone of 6.62 g/t Au over 11.2 m including 7.24 g/t Au over 10.2 m with coarse visible gold. This zone represents a 25 m step-out from the previously released high-grade zone of 13.94 g/t Au over 7.1 m in ALJ-24-012 showing a similar gram-metre product and extending the zone to the east. Additional moderate to high-grade intervals within the greater HW Zone also yielded zones of 32.7 g/t Au over 0.5 m, 2.67 g/t Au over 3.8 m including 16.4 g/t Au over 0.5 m and 4.92 g/t Au over 1.0 m.

All mineralized zones continue to show strong spatial association to early feldspar porphyry dykes and strongly-altered mafic volcanic stratigraphy. The HW Zone, which shows the thickest zones to-date, is unique in that it generally lies along or proximal to the mafic-ultramafic contact near the south margin of the Aljo gold system. Gold mineralization is typically observed in quartz-carbonate veins with 1-5% pyrite, pyrrhotite and chalcopyrite with tellurides and visible gold locally in high-grade intercepts.

Anders Carlson, Vice President, Exploration, said, “We are very pleased to see continued high-grade intercepts at Aljo, where all zones have been extended successfully to depth in a system adjacent to significant mining infrastructure in the Timmins Gold Camp. At Muskego, it’s exciting to see first drillcore from a portion of the Western Abitibi Greenstone Belt that has seen no exploration, and where we expect to generate positive results and new targets across this highly prospective region.”