11:49 AM EDT, 03/17/2025 (MT Newswires) -- (Updates shares.)

GFG Resources ( GFGSF ) on Monday reported drill results from the Aljo mine target on the company's Goldarm property in Ontario.

Highlights of the results include 32.7 grams per tonne of gold over 0.5 meters, 6.62 g/t gold over 11.2 meters and 24.2 g/t gold over 0.5 meters.

One drill hole expanded the Footwall Zones down to 430 meters with 1.51 g/t gold over 5.2 meters, including 4.68 g/t gold over 1.5 meters.

Another drill hole extended the strike length of the Aljo system to 600 meters and supported an extension to the east.

A follow-up drill program will start in the second half of 2025, focused on targeting the depth and strike extensions of the Footwall, Main and Hangingwall zones.

An inaugural drill program at Muskego is ongoing with the goal of making a new greenfield discovery. The drill program, along with a sonic drill program and an IP survey, are expected to be completed in April.

GFG shares were last seen up $0.015 to $0.195 on the TSX Venture Exchange.

Price: 0.20, Change: +0.02, Percent Change: +8.33