GFG Resources (TSXV: GFG; OTCQB: GFGSF) reported the latest assay results from its Aljo Mine target located on the Goldarm property in the Timmins gold district of Ontario. The Aljo project is strategically positioned north of the Porcupine Destor deformation zone. The project is surrounded by key infrastructure, as well as mines and mills.
The company completed its 12-hole (2,600 metres) drill program in late 2024 and early 2025 which focused on testing the downdip and lateral extensions at the historic Aljo mine as well as step-out holes testing the western extensions and the Northwest target.
Drilling expanded known mineralized zones and identified new zones of mineralization that host significant visible gold. Holes 019, 021, 022 and 024 successfully intersected near-surface mineralization, confirming continuity in the HW and Main zones at Aljo. Also of particular significance is the discovery of a new FW Zone, termed FW3, characterized by strongly altered basalt and porphyry dyking with moderate to high-grade veining and sulphidation hosting up to 7.26 g/t gold. The 45-metre-thick panel of strongly altered basalts and porphyry remains open in all directions, and the hole was terminated in strong alteration and mineralization.
GFG has planned follow-up drilling at Aljo in the second half of 2025 with about 3,000 metres.
Brian Skanderbeg, CEO and president of GFG stated, “We are pleased to announce the discovery of FW3, a new footwall porphyry-associated zone with high-grade gold at our Aljo project. The continuity of these footwall porphyry dykes across the E-W corridor and linking to the Northwest target demonstrates continuity of the system and potential for further discoveries. The extension of the HW and Main zones to near surface with high-grade gold is a significant development. Our updated geological and structural model highlights the importance of key lithologies and litho-contacts as well as fertile vein orientations across the region. The nature of the stacked veining, complex and prospective structural settings and abundance of visible gold associated with high grades lenses, give us confidence for future expansion of the system and discovery of additional gold zones.”
More information is posted on www.GfgResources.com.
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