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Forge Resources Corp Announces the Completion Portal Construction at Fully Permitted La Estrella Coal Project, Commences Underground Works

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Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) has completed the main portal construction at its fully permitted La Estrella coal project in Santander, Colombia. The portal, constructed by AB INGENIERÍA Y CONSTRUCCIÓN SAS, will serve as the primary access point for underground operations.

This milestone enables the company to proceed with underground exploration activities, including the development of a 170-metre decline to the first planned crosscut. The project aims to secure a 20,000 Metric tonne bulk sample of metallurgical and thermal coal from 6 seams.

The company is now focusing on transitioning to the underground phase while continuing to develop key infrastructure and initiating underground exploration activities.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) ha completato la costruzione del portale principale nel suo progetto minerario di carbone La Estrella, completamente autorizzato, situato a Santander, Colombia. Il portale, costruito da AB INGENIERÍA Y CONSTRUCCIÓN SAS, servirà come punto di accesso principale per le operazioni sotterranee.

Questo traguardo consente all'azienda di procedere con le attività di esplorazione sotterranea, inclusa la realizzazione di un declino di 170 metri verso il primo incrocio pianificato. Il progetto mira a garantire un campione bulk di 20.000 tonnellate metriche di carbone metallurgico e termico da 6 strati.

L'azienda si sta ora concentrando sulla transizione alla fase sotterranea, continuando a sviluppare infrastrutture chiave e avviando attività di esplorazione sotterranea.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) ha completado la construcción del portal principal en su proyecto de carbón La Estrella, totalmente autorizado, en Santander, Colombia. El portal, construido por AB INGENIERÍA Y CONSTRUCCIÓN SAS, servirá como el punto de acceso principal para las operaciones subterráneas.

Este hito permite a la empresa avanzar con las actividades de exploración subterránea, incluyendo el desarrollo de un declive de 170 metros hacia el primer cruce planificado. El proyecto tiene como objetivo asegurar una muestra a granel de 20,000 toneladas métricas de carbón metalúrgico y térmico de 6 capas.

La empresa ahora se está enfocando en la transición a la fase subterránea mientras continúa desarrollando la infraestructura clave e iniciando actividades de exploración subterránea.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF)는 콜롬비아 산탄데르에 있는 완전 허가된 석탄 프로젝트인 La Estrella의 주요 포털 건설을 완료했습니다. AB INGENIERÍA Y CONSTRUCCIÓN SAS에 의해 건설된 이 포털은 지하 작업의 주요 접근 지점으로 사용될 것입니다.

이 이정표는 회사가 첫 번째 계획된 교차점으로 향하는 170미터 경사 개발을 포함한 지하 탐사 활동을 진행할 수 있게 합니다. 이 프로젝트는 6개의 층에서 20,000 미터 톤의 대량 샘플을 확보하는 것을 목표로 하고 있습니다.

회사는 이제 지하 단계로 전환하는 데 집중하고 있으며, 주요 인프라를 계속 개발하고 지하 탐사 활동을 시작하고 있습니다.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) a achevé la construction du portail principal de son projet de charbon La Estrella, entièrement autorisé, situé à Santander, en Colombie. Le portail, construit par AB INGENIERÍA Y CONSTRUCCIÓN SAS, servira de point d'accès principal pour les opérations souterraines.

Cette étape permet à l'entreprise de procéder aux activités d'exploration souterraine, y compris le développement d'une pente de 170 mètres vers le premier passage prévu. Le projet vise à sécuriser un échantillon en vrac de 20 000 tonnes métriques de charbon métallurgique et thermique provenant de 6 couches.

L'entreprise se concentre désormais sur la transition vers la phase souterraine tout en continuant à développer des infrastructures clés et en initiant des activités d'exploration souterraine.

Forge Resources Corp (CSE: FRG) (OTCQB: FRGGF) hat den Bau des Hauptportals in seinem vollständig genehmigten Kohlenprojekt La Estrella in Santander, Kolumbien, abgeschlossen. Das von AB INGENIERÍA Y CONSTRUCCIÓN SAS errichtete Portal dient als primärer Zugangspunkt für Untertagearbeiten.

Dieser Meilenstein ermöglicht es dem Unternehmen, mit den unterirdischen Erkundungsaktivitäten fortzufahren, einschließlich der Entwicklung eines 170 Meter langen Gefälles zum ersten geplanten Querschlag. Das Projekt zielt darauf ab, eine 20.000 metrische Tonnen große Probe aus 6 Schichten von metallurgischer und thermischer Kohle zu sichern.

Das Unternehmen konzentriert sich nun darauf, in die Untertagephase überzugehen, während es weiterhin Schlüssel-Infrastruktur entwickelt und die unterirdischen Erkundungsaktivitäten initiiert.

Positive
  • Completion of main portal construction enables underground operations to commence
  • Project is fully permitted
  • Clear path to extract 20,000 Metric tonne bulk sample from 6 seams
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company") is pleased to announce the completion of the main portal construction at La Estrella, fully permitted coal project in Santander, Colombia.

The portal is the primary access point for the underground operations and has been constructed to the highest standards of safety and efficiency by AB INGENIERÍA Y CONSTRUCCIÓN SAS. The completion of this critical infrastructure paves the way for the Company to advance its underground exploration activities at the La Estrella coal project.

This significant development milestone marks the commencement of the next phase of the project, as the Company transitions to underground operations to develop the 170-metre decline to the first planned crosscut to bulk sample 6 seams, securing a 20,000 Metric tonne bulk sample of metallurgical and thermal coal.

The Company is now focusing on a seamless transition into the underground phase with the continued development of key infrastructure and the initiation of underground exploration activities.

PJ Murphy, CEO of Forge Resources Corp. states: "We are thrilled to reach this important milestone in the development. The completion of the mine entrance portal is a testament to the hard work and dedication of our team, and it positions us to move forward with the underground works as planned."

Forge Resources Corp. remains committed to advancing the La Estrella project in a safe and environmentally responsible manner, with a focus on maximizing value for its shareholders and contributing to the local economy.

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 located 50 km south-east 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% interest, with a definitive agreement in place to acquire up to 60% 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.

On behalf of the Board of Directors
"PJ Murphy", CEO Forge Resources Corp.
info@forgeresourcescorp.com
604-271-0826

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 Company's intentions with respect to the development of its mineral properties. 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. 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241256

FAQ

What is the significance of Forge Resources' (FRGGF) portal completion at La Estrella?

The portal completion is a important milestone as it provides the primary access point for underground operations, enabling the company to advance its underground exploration activities and develop the 170-metre decline.

How many coal seams will FRGGF's La Estrella bulk sampling program target?

The bulk sampling program at La Estrella will target 6 coal seams through a planned crosscut.

What is the target volume for FRGGF's La Estrella bulk sample?

Forge Resources aims to secure a 20,000 Metric tonne bulk sample of metallurgical and thermal coal from the La Estrella project.

Where is FRGGF's La Estrella coal project located?

The La Estrella coal project is located in Santander, Colombia.

Forge Resources Corp.

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