GFG Resources Inc V.GFG

GFG Kicks-Off 6,000 Metre Drill Program

[Betteryear2]

KEY HIGHLIGHTS:

• Resumes drilling with 1,500 m at the Aljo Mine Target (“Aljo”) to follow-up on high-grade gold intercepts of 3.65 grams of gold per tonne (“g/t Au”) over 6.3 metres (“m”), 13.35 g/t Au over 3.6 m and 6.58 g/t Au over 4.3 m.
• Discovers compelling new gold target within Pen Gold Project, Muskego, with sonic drill test intercepting significant mineralization in bedrock.
• Conducted regional black spruce bark sampling across Goldarm Project with 800 samples as first pass surface exploration program in areas of no historic work completed.
• Preliminary data from regional till sampling on Dore outlines new gold and base metal targets.

SASKATOON, Saskatchewan, May 29, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) announces that it has initiated its 2024 drill program of approximately 6,000 m testing multiple targets across the Goldarm Property (“Goldarm”) and to test a new target within the Pen Gold Project (“Pen”) called Muskego. Drilling is planned to start next week at Aljo with a Phase 1 drill program consisting of approximately 1,500 m. In addition to the drill programs, the Company has initiated regional surface exploration programs across its 800 square kilometre Timmins land package (see Figures 1- 5).

GFG Kicks-Off 6,000 Metre Drill Program and Initiates (globenewswire.com)