Aljo Gold Project Drill Program On Goldarm Property

SASKATOON – GFG Resources Inc. reported on the 12-hole (2,650 metre) Phase 2-2025 drill program at the Aljo Gold Project, located on the Goldarm Property in Timmins Gold District of Ontario. The Phase 2-2025 drill program at Aljo was designed to confirm and expand key mineralized zones across the Main, Hangingwall (HW), and Footwall (FW) corridors. In the Main and HW Zones, infill and step-out drilling on 30-90 metre (m) centers around high-grade intercepts were successful in confirming overall continuity, expanding mineralization at depth and has driven refinement of the geologic model. In the FW corridor, drilling consisted of extending two historic holes and two deeper holes that show up-dip continuity of the FW3 Zone at 50-75 m step-outs as well as the discovery of a new FW Zone, FW4. In addition to infill drilling, GFG completed 150 m step-out holes to the east to test the extension of HW and Main zones where sparse historical drilling indicated broad anomalous gold mineralization. Results from these larger step-out holes along strike and at depth are pending.
Brian Skanderbeg, President and CEO, said, “The first two holes successfully infilled the Main and Hangingwall zones, extended the FW3 discovery from earlier this year, and confirmed both high-grade veins and broader bulk-tonnage style mineralization within this productive gold system. Importantly, hole ALJ-25-029 extended the first three Footwall Zones and delivered a new discovery at depth where no previous drilling existed. It’s clear we have not yet defined the limits of this system, and these results highlight meaningful opportunities for growth.
Aljo will remain a key focus for us, with drilling set to resume in Q1 2026, while we also advance an aggressive regional program across the Goldarm Property beginning in late November. With a strong balance sheet following our recent successful financing, a robust pipeline of targets and the advantage of operating in the infrastructure-rich Timmins Gold Camp, we are well-positioned to build value through Q4 and into 2026.”