GFG Resources drills 71 m of 1.05 g/t Au at Aljo

Executive Summary

• GFG Resources Inc. released initial assay results from the phase 2 2025 drill program at its Aljo gold project (Goldarm property, Ontario), confirming and expanding mineralization in the Main, Hangingwall (HW), and Footwall (FW) corridors.
• Significant intercepts include 1.05 g/t Au over 71.0 m (including 7.51 g/t Au over 3.0 m) in the HW zone and the discovery of a new Footwall zone, FW4, with a peak of 4.22 g/t Au over 1.5 m.
• The company has initiated an aggressive regional exploration program, including a 90-hole sonic drill program for base-of-till sampling across the Goldarm property and a 2,000-metre diamond drill program targeting new high-priority regional targets starting in early December.

Key Details

• Drilling Program Scope: Phase 2 2025 program consisted of 12 holes totaling 2,650 metres, designed to confirm and expand key mineralized zones across Main, HW, and FW corridors.
• Hangingwall (HW) Zone Highlights:
  • ALJ-25-030: 1.05 g/t Au over 71.0 m from 11.5 m downhole, including 7.51 g/t Au over 3.0 m and 6.39 g/t Au over 2.0 m. This is the broadest zone of gold mineralization to date at Aljo.
  • ALJ-25-029: 1.46 g/t Au over 14.3 m, including 9.36 g/t Au over 1.0 m with visible gold.
• Footwall (FW) Zone Highlights:
  • FW3 Expansion: Drilling extended the FW3 zone at 50-to-75-metre stepouts. ALJ-25-029 intersected FW3 with 1.15 g/t Au over 6.5 m (including 4.13 g/t Au over 0.7 m).
  • New FW4 Discovery: A new zone, FW4, discovered approximately 50 m downhole from FW3 in ALJ-25-029, with a peak assay of 4.22 g/t Au over 1.5 m.
• Main Zone Continuity:
  • ALJ-25-029 showed strong continuity with previous intercepts, yielding up to 6.65 g/t Au over 0.7 m and 1.15 g/t Au over 9.0 m.
  • ALJ-25-030 yielded low-grade intercepts in the Main zone (peak 1.88 g/t Au over 1.0 m), demonstrating structural continuity.
• Regional Exploration at Goldarm:
  • Initiated a 90-hole sonic drill program for systematic base-of-till (BOT) and bedrock sampling across a 15-kilometre strike length of the Pipestone fault corridors.
  • Sampling spacing is 0.5 to 2.0 kilometres to evaluate regional gold potential across the >200-square-kilometre property.
  • A 2,000-metre diamond drill program will begin in early December to test new high-priority regional targets.
  • Targets include historical prospects like McCristie, Fournier, Carr, and Nahanni, which have shown anomalous results but were never fully followed up.
• Regional Exploration at Pen Property:
  • Preliminary drilling and IP data have generated priority targets around the Muskego regional target.
  • BOT sampling highlighted highly anomalous gold-grain counts and pathfinder minerals (bismuth/tungsten/tellurium).
  • Targets to be refined and prioritized for drill testing in 2026.
• Future Plans: Drilling at Aljo is set to resume in Q1 2026. The company cites a strong balance sheet following a recent successful financing.

Notable Quotes

• Brian Skanderbeg, President and CEO: "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... It's clear we have not yet defined the limits of this system, and these results highlight meaningful opportunities for growth."
• Anders Carlson, VP, Exploration: "We're very pleased that the latest phase of drilling at Aljo has yielded higher gram-metre products in the HW showcasing broad, near-surface mineralization with internal high-grade zones that we will continue to target at depth and along strike in future drill campaigns... Our goal over the next one to two years is clear: generate new stand-alone gold discoveries across this underexplored belt."