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Forge Resources Corp
Symbol FRG
Shares Issued 82,700,244
Close 2024-09-24 C$ 0.55
Market Cap C$ 45,485,134
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Forge Resources commissions study at Alotta

2024-09-24 16:15 ET - News Release

Mr. Cole McClay reports

FORGE RESOURCES CORP. COMMISSIONS DETAILED STRUCTURAL STUDY AT THE ALOTTA GOLD-COPPER-MOLYBDENUM PORPHYRY PROJECT, YUKON

Forge Resources Corp. has commissioned a detailed structural analysis study based on the diamond drilling completed to date. The purpose of the study is to identify structural relationships and preferred structural orientations to higher-grade gold mineralization. The completion of this study will help determine the proper drill orientations for testing both disseminated and fracture controlled gold mineralization at Alotta.

  • All 2024 drill cores are orientated;
  • Select core samples were stained for plagioclase and K-spar, indicating the relationship of enveloping K-spar to higher-grade gold mineralization;
  • Study includes the re-evaluation and relationship of geophysical data, mainly induced polarization to gold mineralization;
  • The study will help in determine the best orientations for future drill testing.

Lorne Warner, PGeo and president of Forge Resources, states: "To date every drill hole completed on the property has intercepted significant lengths of both disseminated and fracture controlled gold mineralization without understanding the controls and orientations to the mineralization. The completion of this study will help in determining the proper drill orientations for testing both disseminated and fracture controlled gold mineralization at Alotta."

Qualified person

Lorne Warner, PGeo, president of Forge Resources, is a qualified person as defined by National Instrument 43-101 and has approved the scientific and technical disclosure in this news release.

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 located 50 kilometres southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada. The company holds a 40-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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