GFG Resources Inc. expands Aljo system with high-grade vein discoveries, positive results for gold stock.

From GlobeNewswire: 2024-11-28 07:57:00

GFG Resources Inc. reports significant progress in expanding the Aljo system, extending it 800m along strike with multiple vein sets across four distinct zones. A 2,500m drill program has been launched to target depth extensions of the Footwall, Main, and Hangingwall Zones, following high-grade vein discoveries. The Aljo system remains open at depth.

ALJ-24-013 intersected nine distinct vein intervals, extending the Main Zone 100m to the southwest. ALJ-24-014 drilled northwest of the Aljo mine hit three new high-grade veins, returning 9.94 g/t Au over 2.9m, 10.4 g/t Au over 0.7m, and 6.41 g/t Au over 1.1m. ALJ-24-016 drilled east of Aljo confirmed an extension of the system to the east.

Gold mineralization near the Aljo mine is associated with structural corridors near porphyry dyke margins, yielding positive results. A 2,500m drill program targeting depth and strike extensions at Aljo is underway, with expected completion before year-end. Results are anticipated in Q1 2025.

GFG Resources Inc. focuses on district-scale gold projects in Ontario and Wyoming, with three gold projects in Timmins, Ontario. The Rattlesnake Hills Gold Project in Wyoming is also owned by the company, with a definitive agreement signed with Patriot Gold Vault Ltd. for the project’s purchase. Exploration activities and future plans are detailed in the report.



Read more at GlobeNewswire: GFG Discovers New Gold Zones at Aljo with up to 9.94 g/t