08:59 AM EST, 11/28/2024 (MT Newswires) -- GFG Resources ( GFGSF ) on Thursday reported the remaining assays results from its phase 1 drill program at the Aljo target within the Goldarm project in Ontario.

Highlights include 9.94 grams of gold per tonne (g/t) over 2.9 meters, 10.4 g/t gold over 0.7 meters and 6.41 g/t gold over 1.1 meters, confirming strong proximal discovery potential.

"We are excited to report significant progress in expanding the Aljo system, which now extends 800 meters along strike and encompasses multiple vein sets across four distinct zones," President and CEO Brian Skanderbeg said. "Our team has successfully extended the Main Zone to the southwest, identified new vein sets in the northwest, and expanded the system eastward across the Kingswood Shear to the east."

The company said it has launched a 2,500-meter drill program focused on targeting the depth extensions of the Footwall, Main and Hangingwall zones.

"We are confident that these ongoing efforts will continue to unlock the full potential of the Aljo system," Skanderbeg said.