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Forge Resources Corp
Symbol FRG
Shares Issued 98,347,336
Close 2025-06-25 C$ 0.60
Market Cap C$ 59,008,402
Recent Sedar Documents

Forge Resources upbeat about phase 1 drilling

2025-06-25 17:42 ET - News Release

Mr. Lorne Warner reports

FORGE RESOURCES ANNOUNCES COMPLETION OF PHASE 1 IN 2025 DRILL CAMPAIGN, YUKON

Forge Resources Corp. has successfully completed phase 1 drilling in its planned two-phase exploration program for 2025.

The company has also announced an option award.

The initial phase consisted of five drill holes totalling 1,420 metres of core drilling, aimed at advancing the company's understanding of its key mineral assets. Preliminary observations indicate promising core samples with continued visual confirmation of visible gold, porphyry mineralization, veining and alteration in drill holes to date. The phase 1 drilling program was designed to test high-priority targets and provide valuable geological insights to refine drill targets for phase 2 of exploration this summer.

P.J. Murphy, chief executive officer, states: "We are extremely encouraged by the progress and observations made in the first phase of drilling and look forward to receiving assay results that will help shape our next steps. Forge remains focused on executing its exploration strategy efficiently and responsibly, with phase 2 drilling expected to commence within the coming weeks."

Assays are pending. The company will provide further updates as results become available.

Issuance of options

The company also announces the issuance of an aggregate of 500,000 options to a consultant of the company. Each option allows the holder to purchase one common share of the company upon the terms and conditions of the option agreement. The options are exercisable over a two-year term expiring on June 25, 2027, at a price per share of 62 cents.

Proximity to proven and probable resources

The Alotta property now consists of 230 mineral claims that covers approximately 4,723 hectares in a similar geological setting to Western Copper and Gold's Casino deposit, that is located 50 kilometres to the southeast. The Casino deposit is one of the largest undeveloped copper-gold porphyry mining projects in the world.

About Forge Resources Corp.

Forge Resources Corp. 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 km southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in Yukon, Canada.

Qualified person

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

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