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Forge Resources Corp
Symbol FRG
Shares Issued 109,147,521
Close 2026-08-25 C$ 0.375
Market Cap C$ 40,930,320
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Forge Resources finds visible gold at Alotta project

2026-08-25 17:45 ET - News Release

Mr. P.J. Murphy reports

FORGE RESOURCES INTERSECTS VISIBLE GOLD AT PAYOFF ZONE AND COMPLETES PHASE 2 DRILLING AT ALOTTA PROJECT, YUKON

Forge Resources Corp. has intersected visible gold at the Payoff zone during its diamond drilling campaign at the Alotta project, located within Yukon's Dawson Range gold belt. Diamond drilling at the project has been concluded for 2026, with the completion of six drill holes totalling 2,792 metres. Drilling equipment was successfully demobilized from the property, and the company is now awaiting assays, which will be released once received and interpreted.

Highlights:

  • Two thousand twenty-six diamond drilling included 2,792 metres of drilling in six diamond drill holes, from the Severance, Payoff and Commission zones. All samples have been submitted to ALS Laboratories for analysis will be released after receipt from ALS, and QA/QC (quality assurance/quality control) review and interpretation.
  • Visible gold was intersected in a quartz vein from drill hole ALT-26-020 at the Payoff zone. The vein is part of a larger zone of widespread biotite-chlorite alteration that hosts mineralized quartz-pyrite veinlets and stringers, and local massive sulphide veins.
  • Phase 2 deep porphyry exploration hole ALT-26-021 was completed to a depth of 651 metres, intersecting widespread porphyry-style veining and strong alteration for the entire duration of the hole. The drill hole ended in strong stockwork and sheeted veining throughout the hole, with pyrite-molybdenite plus or minus pyrrhotite-chalcopyrite mineralization, confirming the discovery of a seemingly fertile porphyry centre at the commission zone.

P.J. Murphy, chief executive officer of Forge Resources, states: "Intersecting visible gold at Payoff, together with the extensive porphyry-style alteration and mineralization we encountered over the full length of our deep hole at Commission, makes this one of our most encouraging seasons yet at Alotta. With all six holes completed and the rig safely demobilized, our focus now turns to the assay results from ALS, which we look forward to receiving and interpreting over the coming weeks. The company would like to thank our field team and partners for another safe and productive program in the Yukon."

Phase 2 drilling program

The phase 2 drilling program was completed, totalling 963 m from two diamond drill holes at Payoff and Commission zones. Drill core has been fully processed and samples delivered to ALS Laboratories in Whitehorse, Yukon.

Hole ALT-26-020 drilled to the southwest toward hole ALT-23-001 to follow-up mineralization and test the orientation of veining prior to follow-up drilling farther to the east. The hole intersected weak to strong chlorite, biotite and silica alteration through much of the hole and intersected widespread discrete quartz veins hosting pyrite, pyrrhotite, molybdenite and chalcopyrite. At 217 m depth, a narrow one-centimetre-wide quartz vein was observed to host visible gold within a broad zone of quartz and carbonate veins in biotite-silica altered porphyry. Assay results are being processed by ALS and will be released once received and QA/QC procedures have been completed.

Hole ALT-26-021 was drilled approximately 400 m to the east of hole ALT-26-018, which intersected highly encouraging porphyry-style alteration, veining and mineralization at the Commission zone. The hole intersected chlorite-silica alteration and associated quartz-pyrite veining in the upper approximately 250 m of the hole, followed by widespread secondary biotite, magnetite and chlorite alteration of varying intensity and abundant sheeted and stockwork quartz veining for the remainder of the hole. Abundant molybdenite mineralization was observed associated with sheeted and stockwork veins from 300 m downhole. Assay results are being processed by ALS and will be released once received and QA/QC procedures have been completed.

Quality assurance/quality control

Analytical work is being completed by ALS Canada Ltd., with sample delivery and preparation in Whitehorse, Yukon, and geochemical analysis in North Vancouver, B.C.

Rigorous procedures are in place regarding sample collection and data entry. Certified assay standards, coarse reject duplicates, field duplicates and blanks are routinely inserted into the sample stream to ensure integrity of the assay process. Core is being sampled using a diamond core saw, with half of each interval sent to the lab for analysis and the other half retained.

Half-core samples received at ALS are fine-crushed and a 250 g split was pulverized to better than 85 per cent passing 75 micrometres. Gold was determined for core samples using a 50 g charge by fire assay followed by an atomic absorption spectroscopy finish (Au-AA24). The fine fraction was analyzed for 48 elements using a four-acid digestion followed by inductively coupled plasma combined with mass spectroscopy and atomic emission spectroscopy finish (ME-MS61).

Qualified person

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, and was reviewed and approved by Kelson Willms, PGeo, of Archer, Cathro & Associates (1981) Ltd. Mr. Willms is a qualified person for the purposes of National Instrument 43-101.

About Forge Resources Corp.

Forge Resources is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 kilometres southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range gold belt in the Yukon Territory of Canada.

In addition, the company holds an 80-per-cent interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.

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