GFG Resources Inc V.GFG

GFG Hits Multiple Veins with Visible Gold

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KEY HIGHLIGHTS:

• Hole ALJ-23-004 returned broad zones of anomalous gold from surface to approximately 265 m downhole in mafic volcanics below the Aljo Mine workings along with high-grade zones with visible gold including:
  • 3.65 grams of gold per tonne (“g/t Au”) over 6.3 metres (“m”) including 18.40 g/t Au over 1.1 m from 125.7 m downhole; and
  • 13.35 grams g/t Au over 3.6 m, including 32.94 g/t Au over 1.4 m from 350.5 m downhole.
• A new footwall zone was intersected near the bottom of hole ALJ-23-004 (13.35 g/t Au over 3.6 m, including 32.94 g/t Au over 1.4 m), demonstrating that there is much more to the Aljo Mine system than historical data has indicated.
• Hole ALJ-23-011, a 200 m step-out from the Aljo Mine, returned multiple intervals of bulk tonnage gold mineralization in mafic volcanics with visible gold including 1.39 g/t Au over 19.0 m and 1.86 g/t Au over 17.5 m including 4.98 g/t Au over 3.6 m.
• Drilling is planned to resume in Q1 with a focus on following up on the step-out hole MTC-23-059 of 12.8 m of 4.79 g/t Au (see press release HERE), the deepest hole drilled to date at Montclerg and at the Aljo Mine target area.

SASKATOON, Saskatchewan, Feb. 15, 2024 (GLOBE NEWSWIRE) -- GFG Resources Inc. (TSXV: GFG) (OTCQB: GFGSF) (“GFG” or the “Company”) reports the final gold assay results from the recently completed 2023 Phase 2 drill program at its Goldarm Project, located 40 kilometres (“km”) east of Timmins, Ontario (see Tables 1-2 and Figures 1-3). The results released today are from the Aljo Mine Target (“Aljo” or “Aljo Mine”) located 30 kilometres east of the Montclerg Gold Project. This is the second drill program completed on the Aljo target and additional drilling is warranted based on the strong results and nature of the gold system.

GFG Hits Multiple Veins with Visible Gold at Aljo and a New (globenewswire.com)