12:30 PM EDT, 09/08/2025 (MT Newswires) -- GFG Resources Inc ( GFGSF ) shares moved higher on Monday after the company said it launched a 3,000-meter diamond drill program at the Aljo gold project in northern Ontario.

The project, located on the east side of the company's Goldarm property in the Timmins Gold Districto, is designed to confirm grade continuity in the main zone, extend multiple hanging wall zones, and expand the footwall corridor, including the new FW3 (footwall) discovery.

The company also highlighted its regional work progress along a 10-kilometer stretch of the Pipestone Deformation corridor at Goldarm and stated it will extend through the second half of 2025 and the first quarter of 2026. Lastly, GFG is advancing priority targets at the Pen Gold Project and putting greater emphasis on the Chabot and Muskego locations.

"Aljo continues to check the boxes we look for in Timmins - grade, continuity and room to grow. This program aims to convert and extend high-grade shoots in the Main and HW Zones while testing the FW system, where FW3 opens a compelling new front. Coupled with larger step-outs and a broader push along the Pipestone Deformation corridor, we see multiple catalysts lining up over the remainder of 2025 and well into 2026," said chief executive Brian Skanderbeg.

Shares of GFG Resources ( GFGSF ) were last seen up $0.01 to $0.15 on the TSX Venture Exchange.

Price: 0.15, Change: +0.01, Percent Change: +7.14