Mr. Patrick Elliott reports
FORTE MINERALS PROVIDES UPDATE ON PLANNED DRILL PROGRAM AT PUCARINI HIGH-SULFIDATION GOLD PROJECT
Forte Minerals Corp.
has provided an update on its planned 1,500-metre diamond drill program at its 100-per-cent-owned Pucarini gold project located in the southern Peru Miocene high-sulphidation epithermal gold belt. The program is set to commence toward the end of Q2 2025 with preparations currently under way.
Planned drill program overview
The upcoming five-hole, 1,500-metre drill program will systematically test high-priority targets identified through geological mapping, geophysical surveys and geochemical analysis.
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Target type: high-sulphidation epithermal gold;
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Drill holes: five diamond drill holes;
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Total metres: 1,500 m;
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Permitting status: DIA environmental drilling permit approved (September, 2023);
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Community support: strong relationships established with local communities, one-year community agreement executed March 1, 2025.
The 1,000-hectare Pucarini claim hosts multiple gold-bearing advanced argillic alteration zones within a 3.6-by-1.8-kilometre alteration footprint. Surface geochemistry has returned anomalous gold values coinciding with resistivity, chargeability and magnetic anomalies, highlighting multiple untested targets for drilling. The main target indicated by the soil and rock gold anomaly spans 1.2 km by 700 m within this advanced argillic alteration zone. The coincidence of gold, molybdenum, and copper surface anomalies is supported by a coherent high chargeability anomaly (greater than 18 mV/V (millivolts over volts)) from the 3-D inversion of the IP (induced polarization) geophysical survey data with dimensions of 1.5 km along strike by 600 m wide by 400 m deep to detection limit depth of the IP geophysical survey, which remains open at depth.
The main target also coincides with a high magnetic susceptibility anomaly in the system's centre from the 3-D inversion of the surface total magnetic intensity geophysical data, suggesting the roots of a deeper porphyry system. This program will mark the first-ever drill program on the property, unlocking its untapped potential.
Surface rock fragments were analyzed using the ASD TerraSpec mineral spectrometer which is optimally designed to identify important hydrothermal alteration minerals commonly associated with high sulphidation epithermal gold and porphyry copper systems. Figure 5 in the original version of this news release provides a compilation of the TerraSpec data where higher-temperature hydrothermal alteration minerals (diaspore, illite, paragonitic illite, muscovitic illite, paragonite, muscovite, sericite and alunite-Na) and lower-temperature alteration minerals (alunite, alunite-K, alunite-KNa, halloysite, kaolinite, smectite, montmorillonite and dickite) correlate with high-sulphidation advanced argillic alteration and anomalous gold in rock and soil geochemistry. The higher temperature hydrothermal alteration minerals also correlate with anomalous molybdenum in rock and soil geochemistry suggesting a phyllic alteration zone associated with a telescoped porphyry system.
Chief executive officer Patrick Elliott commented:
"We are excited about the potential at Pucarini and are finalizing preparations for our inaugural drill program. Given the strong surface geochemistry, extensive alteration and compelling geophysical signatures, we believe this project presents a promising opportunity for discovery. While waiting for the rainy season to conclude before mobilizing, our team is actively engaged in planning and ensuring all logistics are in place for a successful program."
Furthermore, the company has terminated the option agreement with Alta Copper Corp. originally entered into on June 26, 2017. Pursuant to the option agreement, Forte had an option to acquire a 60-per-cent interest in the Don Gregorio Cu-Au (copper-gold) porphyry project located in the Department of Cajamarca, northern Peru, by making cash payments totalling $500,000 (U.S.) ($100,000 was paid by Forte) and performing 10,000 m of drilling within three years of acquiring drill permits. Due to insurmountable community issues, access to the property was never granted, and the company was not able to perform the environmental studies needed to acquire the DIA drilling permits, including community approvals for the DIA drill permits. The project was returned in good standing to Alta Copper Corp.'s Peruvian subsidiary Cobriza Metals. A termination agreement was executed April 8, 2025.
Qualified person and National Instrument 43-101 disclosure
Richard Osmond, PGeo, is the company's qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.
About Forte Minerals Corp.
Forte Minerals is an exploration company with a strong portfolio of high-quality copper (Cu) and gold (Au) assets in Peru. The company's strategic partnership with GlobeTrotters Resources Peru SAC (GTR) grants the company access to a comprehensive project pipeline, enabling it to target the most promising opportunities. This collaboration focuses on historically discovered, drill-ready targets, driving significant value in Cu and Au resource development.
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