07:58 AM EDT, 05/29/2024 (MT Newswires) -- GFG Resources ( GFGSF ) , near 52 week lows, on Wednesday said it has initiated its 2024 drill program across the Goldarm property in Ontario.

The 6,000 metres program will test multiple targets across the Goldarm property and also test a new target within the Pen Gold project called Muskego. Drilling is planned to start next week at Aljo with a Phase 1 drill program consisting of 1,500 metres tp 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.

GFG has also initiated regional surface exploration programs across its 800 square kilometre Timmins, Ontario, land package.

"As we move forward following our successful financing and the recent proposed sale of our Rattlesnake Hills project, we are excited to ramp-up our 2024 exploration program in Timmins," said Brian Skanderbeg, President and CEO of GFG. "Our primary focus remains the advancement of our target pipeline across all three properties, with Phase 1 drilling centered on the high-grade gold Aljo Mine target. We are set to begin drilling in early June, with a strategic approach that includes direct step-outs from both our own and historical drilling, which have yielded promising high-grade results beneath and proximal to the historic Aljo Mine."