Forge Resources Announces Proposed 4000-Metre Diamond Drill Program at Alotta Project, Yukon
Forge Resources Corp. (FRGGF) has announced a planned 4,000-metre diamond drill program at its Alotta Property in Yukon. The program will comprise approximately 12 drill holes, each ranging from 300 to 350 metres, targeting step-outs in the Payoff Zone and unexplored geophysical and geochemical anomalies.
The Alotta Property is strategically located 40 kilometers south of Western Copper's Casino Deposit, one of the world's largest undeveloped gold-copper porphyry deposits. Previous exploration, consisting of six diamond drill holes totaling 2,659 metres, has revealed significant gold, copper, and molybdenum mineralization associated with quartz-sericite-pyrite alteration.
The spring/summer 2025 exploration program, designed in collaboration with Archer Cathro and Associates, will focus on a 4 km by 1 km area. The initiative is driven by current record-high gold prices and aims to advance the property's development potential.
Forge Resources Corp. (FRGGF) ha annunciato un programma di perforazione diamantata di 4.000 metri presso la sua proprietà Alotta nello Yukon. Il programma prevede circa 12 fori di perforazione, ciascuno tra 300 e 350 metri, con l'obiettivo di esplorare le estensioni della Payoff Zone e anomalie geofisiche e geochimiche ancora inesplorate.
La proprietà Alotta si trova strategicamente a 40 chilometri a sud del deposito Casino di Western Copper, uno dei più grandi depositi di oro-rame porfirico non sviluppati al mondo. Le esplorazioni precedenti, composte da sei fori diamantati per un totale di 2.659 metri, hanno evidenziato mineralizzazioni significative di oro, rame e molibdeno associate ad alterazioni di quarzo-sericite-pirite.
Il programma di esplorazione previsto per la primavera/estate 2025, progettato in collaborazione con Archer Cathro and Associates, si concentrerà su un'area di 4 km per 1 km. L'iniziativa è motivata dagli attuali prezzi record dell'oro e mira a far progredire il potenziale di sviluppo della proprietà.
Forge Resources Corp. (FRGGF) ha anunciado un programa de perforación diamantina de 4.000 metros en su propiedad Alotta en Yukon. El programa incluirá aproximadamente 12 perforaciones, cada una de entre 300 y 350 metros, con el objetivo de explorar extensiones en la Zona Payoff y anomalías geofísicas y geoquímicas aún no exploradas.
La propiedad Alotta está estratégicamente ubicada a 40 kilómetros al sur del depósito Casino de Western Copper, uno de los mayores depósitos de oro y cobre porfídico sin desarrollar en el mundo. Exploraciones previas, que consistieron en seis perforaciones diamantinas que suman 2.659 metros, revelaron mineralizaciones significativas de oro, cobre y molibdeno asociadas con alteraciones de cuarzo-sericita-pirita.
El programa de exploración para la primavera/verano de 2025, diseñado en colaboración con Archer Cathro and Associates, se centrará en un área de 4 km por 1 km. La iniciativa está impulsada por los actuales precios récord del oro y busca avanzar en el potencial de desarrollo de la propiedad.
Forge Resources Corp. (FRGGF)는 유콘 지역의 Alotta 광산 부지에서 총 4,000미터의 다이아몬드 시추 프로그램을 계획했다고 발표했습니다. 이 프로그램은 약 12개의 시추공으로 구성되며, 각각 300~350미터 깊이로 Payoff Zone의 확장 구간과 아직 탐사되지 않은 지구물리 및 지구화학 이상 지역을 대상으로 합니다.
Alotta 부지는 세계 최대 규모의 미개발 금-구리 포피리 광상 중 하나인 Western Copper의 Casino 광산에서 남쪽으로 40km 떨어진 전략적 위치에 있습니다. 이전 탐사에서는 총 2,659미터의 6개 다이아몬드 시추공을 통해 석영-세리사이트-황철석 변질과 관련된 금, 구리, 몰리브덴의 유의미한 광물화가 확인되었습니다.
2025년 봄/여름 탐사 프로그램은 Archer Cathro and Associates와 협력하여 설계되었으며, 4km x 1km 면적에 집중될 예정입니다. 이 사업은 현재 기록적인 금값 상승에 힘입어 부지 개발 가능성을 높이는 것을 목표로 합니다.
Forge Resources Corp. (FRGGF) a annoncé un programme de forage diamanté de 4 000 mètres sur sa propriété Alotta au Yukon. Le programme comprendra environ 12 trous de forage, chacun de 300 à 350 mètres, visant à explorer les extensions de la zone Payoff ainsi que des anomalies géophysiques et géochimiques encore inexplorées.
La propriété Alotta est stratégiquement située à 40 kilomètres au sud du gisement Casino de Western Copper, l'un des plus grands gisements non développés d'or-cuivre porphyrique au monde. Les explorations précédentes, comprenant six trous de forage diamanté totalisant 2 659 mètres, ont révélé une minéralisation significative en or, cuivre et molybdène associée à une altération quartz-séricite-pyrite.
Le programme d'exploration printemps/été 2025, conçu en collaboration avec Archer Cathro and Associates, se concentrera sur une zone de 4 km sur 1 km. Cette initiative est motivée par les prix de l'or actuellement à des niveaux records et vise à faire progresser le potentiel de développement de la propriété.
Forge Resources Corp. (FRGGF) hat ein geplantes 4.000 Meter Diamantbohrprogramm auf seinem Alotta-Grundstück im Yukon angekündigt. Das Programm umfasst etwa 12 Bohrlöcher mit einer Tiefe von jeweils 300 bis 350 Metern und zielt auf Erweiterungen in der Payoff-Zone sowie unerforschte geophysikalische und geochemische Anomalien ab.
Das Alotta-Grundstück liegt strategisch 40 Kilometer südlich des Casino-Lagers von Western Copper, einem der weltweit größten unerschlossenen Gold-Kupfer-Porphyr-Lagerstätten. Frühere Erkundungen, bestehend aus sechs Diamantbohrlöchern mit insgesamt 2.659 Metern, haben bedeutende Gold-, Kupfer- und Molybdänmineralisierungen in Verbindung mit Quarz-Serizit-Pyrit-Alterationen aufgedeckt.
Das Frühjahrs-/Sommer-Erkundungsprogramm 2025, das in Zusammenarbeit mit Archer Cathro and Associates entwickelt wurde, konzentriert sich auf ein 4 km mal 1 km großes Gebiet. Die Initiative wird durch die aktuellen Rekord-Goldpreise angetrieben und zielt darauf ab, das Entwicklungspotenzial des Grundstücks voranzutreiben.
- Strategic location near major gold-copper deposit (Casino)
- Previous drilling confirmed significant gold, copper, and molybdenum mineralization
- Timing aligns with record-high gold prices
- Project still in early exploration phase
- No defined resource estimates provided
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company) is pleased to announce a proposed diamond drill program comprised of up to 4,000 metres across approximately 12 drill holes with ranging from 300 to 350 metres. This initiative aims to test step-outs on previously identified mineralization in the Payoff Zone and explore untested coincident geophysical and geochemical anomalies across targeted areas (Figure 1).
Figure 1. Drilling Program Proposal
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Forge Resources CEO, PJ Murphy, states: "Our team is excited by the promising results from our previous seasons exploration programs. With more comprehensive and refined data in hand, we are now able to focus on several higher-priority targets that show significant potential for advancing the Alotta Property. This marks an exciting chapter in our journey to uncover its full value."
Strategic Location of Alotta Property
The Alotta Property is located approximately 40 kilometers south of Western Copper's Casino Deposit-one of the largest undeveloped gold-copper porphyry deposits globally. Geochemical and geophysical surveys at Alotta have outlined several prospective targets larger than the current Casino resource area. Similar to the Casino project, the Alotta hosts multi-phased intrusions of the Dawson Range dating back to the Late Cretaceous period.
Results of Previous Exploration and Mineralization
To date, Forge Resources has completed six widely spaced diamond drill holes, totaling 2,659 metres. All holes encountered significant gold, copper, and molybdenum mineralization typically associated with quartz-sericite-pyrite alteration within semi-crowded to crowded quartz-plagioclase porphyry. Mineralization includes disseminated and fracture-controlled pyrite, pyrrhotite, along with minor chalcopyrite and molybdenite linked to quartz veins and micro-veins.
Compilation of prior drilling data indicates potentially economic mineralization correlated with coincident induced polarization, chargeability highs, moderate-to-high resistivities, and magnetic lows.
Proposed Exploration Program for Spring/Summer 2025
The Forge technical team, in collaboration with Archer Cathro and Associates, has designed a spring/summer exploration program of up to 4000 metres of diamond drilling, across approximately 12 proposed holes ranging from 300 to 350 metres. The majority of these will focus on step-outs within the Payoff Zone and untested coincident geophysical and geochemical anomalies over a 4 km by 1 km area.
This exploration effort is propelled by record-high gold prices, creating a surge of activity in gold exploration projects globally.
Qualified Person
Lorne Warner, P.Geo, and President of Forge Resources Corp. 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.
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company. The Company holds a
On behalf of the Board of Directors
"PJ Murphy", CEO Forge Resources Corp.
info@forgeresources.com
Forward-Looking Statements
Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Aion Acquisition. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. In particular, there can be no assurance that the Proposed Transaction will be completed as described or at all. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.
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FAQ
What is the scope of Forge Resources' (FRGGF) new drilling program at Alotta?
Where is the Alotta Property located and what makes its location significant?
What were the results of FRGGF's previous drilling at Alotta?
When will FRGGF begin the new exploration program at Alotta?
