Forge Resources Announces Completion of Phase 1 in 2025 Drill Campaign, Yukon
Forge Resources (OTCQB: FRGGF) has completed Phase 1 of its 2025 drill campaign in Yukon, consisting of 5 drill holes totaling 1,420 metres of core drilling. The preliminary observations revealed promising core samples with visible gold, porphyry mineralization, veining, and alteration.
The company also announced the issuance of 500,000 options to a consultant, exercisable at $0.62 per share until June 25, 2027. The company's Alotta property comprises 230 mineral claims covering 4,723 hectares, situated 50 km northwest of Western Copper and Gold's Casino deposit, one of the world's largest undeveloped copper-gold porphyry projects.
Forge Resources (OTCQB: FRGGF) ha completato la Fase 1 della campagna di perforazione 2025 nello Yukon, con 5 fori per un totale di 1.420 metri di carotaggi. Le osservazioni preliminari hanno mostrato campioni di nucleo promettenti con oro visibile, mineralizzazione porfirica, venature e alterazioni.
La società ha inoltre annunciato l'emissione di 500.000 opzioni a un consulente, esercitabili a 0,62 $ per azione fino al 25 giugno 2027. La proprietà Alotta dell'azienda comprende 230 concessioni minerarie per un totale di 4.723 ettari, situata a 50 km a nord-ovest del deposito Casino di Western Copper and Gold, uno dei più grandi progetti porfirici di rame-oro non sviluppati al mondo.
Forge Resources (OTCQB: FRGGF) ha completado la Fase 1 de su campaña de perforación 2025 en Yukon, que consistió en 5 perforaciones con un total de 1,420 metros de núcleo. Las observaciones preliminares revelaron muestras prometedoras con oro visible, mineralización porfírica, vetas y alteraciones.
La compañía también anunció la emisión de 500,000 opciones a un consultor, ejercitables a $0.62 por acción hasta el 25 de junio de 2027. La propiedad Alotta de la empresa comprende 230 concesiones mineras que cubren 4,723 hectáreas, ubicada a 50 km al noroeste del depósito Casino de Western Copper and Gold, uno de los mayores proyectos porfíricos de cobre y oro sin desarrollar en el mundo.
Forge Resources (OTCQB: FRGGF)는 Yukon에서 2025년 시추 캠페인 1단계를 완료했으며, 총 5개의 시추공에서 1,420미터의 코어 시추를 진행했습니다. 예비 관찰 결과, 육안으로 확인되는 금, 포피리 광화, 광맥 및 변질이 포함된 유망한 코어 샘플이 확인되었습니다.
회사는 또한 컨설턴트에게 500,000개의 옵션을 발행했으며, 이 옵션은 2027년 6월 25일까지 주당 0.62달러에 행사할 수 있습니다. 회사의 Alotta 광산 부지는 230개의 광물 채굴 청구권으로 4,723헥타르를 포함하며, 세계 최대 미개발 구리-금 포피리 프로젝트 중 하나인 Western Copper and Gold의 Casino 광산에서 북서쪽으로 50km 떨어져 있습니다.
Forge Resources (OTCQB : FRGGF) a terminé la phase 1 de sa campagne de forage 2025 au Yukon, comprenant 5 trous de forage totalisant 1 420 mètres de carottage. Les premières observations ont révélé des échantillons de carottes prometteurs avec de l'or visible, une minéralisation porphyrique, des veines et des altérations.
L'entreprise a également annoncé l'émission de 500 000 options à un consultant, exerçables à 0,62 $ par action jusqu'au 25 juin 2027. La propriété Alotta de la société comprend 230 concessions minières couvrant 4 723 hectares, située à 50 km au nord-ouest du gisement Casino de Western Copper and Gold, l'un des plus grands projets porphyriques cuivre-or non développés au monde.
Forge Resources (OTCQB: FRGGF) hat die Phase 1 seiner Bohrkampagne 2025 im Yukon abgeschlossen, bestehend aus 5 Bohrlöchern mit insgesamt 1.420 Metern Kernbohrung. Die vorläufigen Beobachtungen zeigten vielversprechende Kernproben mit sichtbarem Gold, Porphyr-Mineralisierung, Adern und Alterationen.
Das Unternehmen gab außerdem die Ausgabe von 500.000 Optionen an einen Berater bekannt, die bis zum 25. Juni 2027 zu 0,62 $ pro Aktie ausgeübt werden können. Das Alotta-Grundstück des Unternehmens umfasst 230 Mineralansprüche auf 4.723 Hektar und liegt 50 km nordwestlich des Casino-Vorkommens von Western Copper and Gold, einem der weltweit größten unerschlossenen Kupfer-Gold-Porphyr-Projekte.
- Preliminary drilling shows promising results with visible gold and porphyry mineralization
- Strategic location near one of the world's largest undeveloped copper-gold deposits
- Substantial land position with 230 mineral claims covering 4,723 hectares
- Assay results still pending and unavailable
- Additional dilution through 500,000 new stock options
Vancouver, British Columbia--(Newsfile Corp. - June 25, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company"), is pleased to announce the successful completion of Phase 1 drilling in its planned two-phase exploration program for 2025, and options.
The initial phase consisted of 5 drill holes, totaling 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.
PJ Murphy, CEO 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 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 (the "Options"). Each option allows the holder to purchase one common share of the Company (each a "Share") 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
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 km to the south-east. 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 south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
In addition, the Company holds an
Qualified Person
Lorne Warner, President and P. Geo, 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.
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 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/256763
FAQ
What are the key findings from Forge Resources' (FRGGF) Phase 1 drill campaign in Yukon?
How many options did Forge Resources (FRGGF) issue and at what price?
Where is Forge Resources' (FRGGF) Alotta property located relative to other major deposits?
What is the size of Forge Resources' (FRGGF) Alotta property in Yukon?
When will Phase 2 of Forge Resources' (FRGGF) 2025 drill campaign begin?
