New Gold Zones Discovered At Aljo
SASKATOON - GFG Resources Inc. reported on the Phase 1 drill program at the Aljo Mine Target and launches an expanded Phase 2 program. Aljo is located on the Goldarm Property in Timmins Gold District of Ontario, Canada.
Brian Skanderbeg, CEO and President, said, “We are excited to report significant progress in expanding the Aljo system, which now extends 800 m along strike and encompasses multiple vein sets across four distinct zones. Our team has successfully extended the Main Zone to the southwest, identified new vein sets in the northwest, and expanded the system eastward across the Kingswood Shear to the east. Notably, Hole 14 intersected three high-grade vein systems in the Northwest Zone, with assays of 9.94 g/t Au over 2.9 m, 6.41 g/t Au over 1.1 m, and 10.4 g/t Au over 0.7 m. Hole 13 extended the Main Zone veins approximately 100 m to the southwest, revealing nine distinct intervals and demonstrating the stacked nature of the veins with significant widths. We are also encouraged by Hole 16, which confirmed the eastern continuity of the Main and Hangingwall Zones.
Building on this momentum, we are launching an aggressive drill program, planning 11 new holes (2,500 m) to target deeper extensions of the Main, Hangingwall and Footwall systems down to 250-400 m while also following up on the high-grade veins discovered to the northwest and east. Importantly, all zones remain open at depth, as our initial drill programs have only tested depths of 100-250 m. We are confident that these on-going efforts will continue to unlock the full potential of the Aljo system.”