Forge Resources Announces Continuous Porphyry Mineralization in All 2025 Holes to Date Including 0.911 g/t Au over 20.49 m

Rhea-AI Summary

Forge Resources (OTCQB: FRGGF) has announced significant drilling results from its Alotta project, highlighting continuous porphyry mineralization in all 2025 holes. The Phase 1 diamond drilling program revealed notable intersections including 0.911 g/t Au over 20.49m in the Payoff Zone.

Key findings include hole ALT-25-008 returning 118m of 0.42 g/t Au and ALT-25-009 yielding 53.22m of 0.449 g/t Au. The Severance Zone's hole ALT-25-007 produced 300.72m of 0.22 g/t Au, 0.48 g/t Ag, and 0.03% Cu. The drilling has doubled the known extent of the Payoff Zone to 350m, with mineralization remaining open in all directions.

The Alotta property, comprising 230 mineral claims covering 4,723 hectares, is situated in a geological setting similar to Western Copper and Gold's Casino deposit, located 50km southeast.

Positive

• Drilling doubled Payoff Zone extent to 350m, with significant gold mineralization
• High-grade intersections including 0.911 g/t Au over 20.49m in Payoff Zone
• Continuous mineralization throughout all drill holes, remaining open in all directions
• Strategic location near one of world's largest undeveloped copper-gold porphyry deposits

Negative

• Low copper grades in current drilling results (0.03% Cu)
• Early exploration stage with no metallurgical or scoping studies completed

Vancouver, British Columbia--(Newsfile Corp. - August 7, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company"), is pleased to announce the assay results from the first three of five diamond drill holes completed during the Phase 1 diamond drilling program at the Alotta project, with continuous porphyry mineralization including 0.911 g/t au over 20.49 m (Figure 1).

Highlights:

• Significantly increased area of porphyry-related gold mineralization

• Diamond drilling has doubled the known extent of the Payoff Zone to 350 m, returning significant intervals from holes ALT-25-008 and ALT-25-009.

• Hole ALT-25-008 (Payoff Zone) returned 118 m of 0.42 g/t Au, including 20.49 metres of 0.911 g/t Au. Widespread gold mineralization, including visible gold, was encountered throughout the entire length of the hole.

• Hole ALT-25-009 (Payoff Zone) returned 53.22 m of 0.449 g/t Au, including 32.56 m of 0.522 g/t Au. Widespread gold mineralization, including visible gold, was encountered throughout the entire length of the hole.

• At the Severance Zone, hole ALT-25-007 returned 300.72 m of 0.22 g/t Au, 0.48 g/t Ag and 0.03% Cu, including 53.48 m of 0.452 g/t Au from an untested geophysical anomaly. Mineralization was intersected over the entire length of the hole.

• All drill holes completed at Alotta have encountered quartz-sulphide (pyrite, pyrrhotite, molybdenite and chalcopyrite) veins and significant porphyry-style alteration.

Figure 1. Drill Plan Map of Completed and Proposed Phase 1 Diamond Drill Holes.

To view an enhanced version of this graphic, please visit:
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Severance Zone

Hole ALT-25-007 tested a magnetic low anomaly that coincides with a copper-gold-molybdenum soil anomaly located west of the 2024 diamond drill holes at the Severance Zone. This hole intersected widespread intervals of strong alteration and associated sulphide veining. Mineralization in the upper parts of the drill hole is dominated by pyrite and quartz-pyrite veins, and lesser quartz-pyrite-chalcopyrite and quartz-molybdenite veins. Strong silicification overprints earlier alteration and is itself overprinted by widespread chlorite, sericite and pyrite alteration. Copper values from this hole have increased compared to holes previously drilled in the Severance and Payoff zones and provide encouraging results for drill targeting. This drill hole ended in mineralization and is open at depth.

Highlight assay results from hole ALT-25-007 are shown in Table 1, below.

Table 1 - ALT-25-007 Assay Highlights

ALT-25-007	From (m)	To (m)	Interval (m)	Au (g/t)	Ag (g/t)	Cu (%)	Mo (%)	AuEQ* (g/t)
	4.28	305	300.72	0.224	0.48	0.026	0.0019	0.264
including	37.18	91.14	53.96	0.280	1.06	0.047	0.004	0.359
And	147.3	148.5	1.2	3.87	0.55	0.028	0.0007	3.91
And	251.52	305	53.48	0.452	0.21	0.016	0.001	0.475
And including	271.15	273	1.85	5.45	0.33	0.012	0.0025	5.48
And including	295	305	10.00	0.592	0.22	0.019	0.0024	0.626

 

*Gold equivalent calculation assumes the following commodity prices (USD): $3428/oz gold, $37.45/oz silver, $4.45/lb copper, $31.24/lb molybdenum (prices as of August 4, 2025). Calculation assumes 100% recovery because no metallurgical or scoping studies have been conducted to date at the Alotta property. Gold equivalent calculation uses the following formula: ((gold value / 31.1) * gold price) + ((silver value / 31.1) * silver price) + ((copper value / 453.6) * copper price) + ((molybdenum value / 453.6) * molybdenum price)

Photo 1. Quartz-pyrite stockwork veining cutting porphyry

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Payoff Zone

Hole ALT-25-008 is mineralized along its entire length including 0.416 g/t gold over 118.0 metres, with higher grade intercepts returning 9.53 g/t Au over 1.26 m and 16.85 g/t Au over 0.7m.

ALT-25-009 also mineralized top to bottom including 85.27 m returning 0.37 g/t Au, and 53.22 m of 0.449 g/t Au.

Both diamond drill holes completed at the Payoff Zone (ALT-25-008 and -009) returned widespread gold mineralization along their entire lengths. The 2025 drill holes have increased the area of gold mineralization at the Payoff Zone, which now forms a 200 m wide trend of mineralization that has so far been tested over a length of 350 m. This trend remains open in all directions, with additional follow up drilling planned for Phase 2.

Alteration in both 2025 drill holes consists of biotite, sericite, silicification and chlorite. Several quartz veins hosting sulphides and minor base metals were found to also host visible gold. Both holes cut through significant amounts of brecciation, indicating a peripheral location to the main porphyry centre for the Payoff Zone.

Photo 2. ALT-25-008 - Polymetallic quartz veining (pyrite, arsenopyrite, sphalerite, pyrrhotite)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/261628_5154723de42329a0_003full.jpg

Highlight assay results from hole ALT-25-008 and -009 are shown in Tables 2 and 3, below.

Table 2 - ALT-25-008 Assay Highlights

ALT-25-008	From (m)	To (m)	Interval  (m)	Au (g/t)	Ag (g/t)	Cu (%)	Mo (%)	AuEQ* (g/t)
	6	279	273	0.252	0.674	0.015	0.0004	0.274
including	43.37	264	220.63	0.295	0.54	0.016	0.0003	0.317
including	43.37	53.47	10.10	0.534	0.35	0.009	0.001	0.554
And including	118.79	264	145.21	0.368	0.667	0.017	0.0004	0.393
including	146.00	264.00	118.00	0.416	0.32	0.018	0.0004	0.434
Including	229.51	250.00	20.49	0.911	0.31	0.02	0.0004	0.935
including	242.25	243.51	1.26	9.53	1.04	0.016	0.0008	9.56
including	242.25	242.95	0.7	16.85	1.75	0.016	0.0012	16.89

 

*Gold equivalent calculation assumes the following commodity prices (USD): $3428/oz gold, $37.45/oz silver, $4.45/lb copper, $31.24/lb molybdenum (prices as of August 4, 2025). Calculation assumes 100% recovery because no metallurgical or scoping studies have been conducted to date at the Alotta property. Gold equivalent calculation uses the following formula: ((gold value / 31.1) * gold price) + ((silver value / 31.1) * silver price) + ((copper value / 453.6) * copper price) + ((molybdenum value / 453.6) * molybdenum price)

Photo 3. ALT-25-008 - Polymetallic quartz veining (pyrite, arsenopyrite, sphalerite, pyrrhotite)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8680/261628_5154723de42329a0_004full.jpg

Table 3 - ALT-25-009 Assay Highlights

ALT-25-009	From  (m)	To (m)	Interval  (m)	Au (g/t)	Ag (g/t)	Cu (%)	Mo (%)	AuEQ* (g/t)
	11.58	252	240.42	0.204	0.51	0.014	0.0003	0.223
including	66.16	252	185.84	0.252	0.51	0.015	0.0003	0.273
including	67.54	68.93	1.39	1.60	0.54	0.004	0.0007	1.61
And including	149.13	234.40	85.27	0.373	0.56	0.015	0.0003	0.394
including	149.13	202.35	53.22	0.449	0.55	0.016	0.0003	0.472
including	149.13	181.69	32.56	0.522	0.70	0.017	0.0003	0.547
including	149.13	151.31	2.18	2.44	6.73	0.071	0.0002	2.58
And including	173.08	181.69	8.61	0.777	0.21	0.016	0.0003	0.796

 

*Gold equivalent calculation assumes the following commodity prices (USD): $3428/oz gold, $37.45/oz silver, $4.45/lb copper, $31.24/lb molybdenum (prices as of August 4, 2025). Calculation assumes 100% recovery because no metallurgical or scoping studies have been conducted to date at the Alotta property. Gold equivalent calculation uses the following formula: ((gold value / 31.1) * gold price) + ((silver value / 31.1) * silver price) + ((copper value / 453.6) * copper price) + ((molybdenum value / 453.6) * molybdenum price)

PJ Murphy, CEO states: "These results have confirmed our exploration model is working and the results show many similarities to the Casino Deposit. To date we have encountered extensive alteration and mineralization similar to the more distal zones away from the Patton Porphyry. Our geophysical and geochemical surveys show similar patterns to the Casino deposit, which will be tested during our Phase 2 exploration program, so we are excited to resume drilling soon on the property."

Assays still pending on Holes ALT-25-010/011. The company will provide further updates as results become available.

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 80% 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.

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.

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FAQ

What were the key drilling results from FRGGF's Alotta project in 2025?

The key results included hole ALT-25-008 returning 118m of 0.42 g/t Au, including 20.49m of 0.911 g/t Au, and ALT-25-009 yielding 53.22m of 0.449 g/t Au. The Severance Zone's hole ALT-25-007 produced 300.72m of 0.22 g/t Au.

How has the Payoff Zone at FRGGF's Alotta project expanded in 2025?

The diamond drilling program has doubled the known extent of the Payoff Zone to 350m, forming a 200m wide trend of mineralization that remains open in all directions.

What are the dimensions of FRGGF's Alotta property and its strategic location?

The Alotta property consists of 230 mineral claims covering 4,723 hectares and is located in a geological setting similar to Western Copper and Gold's Casino deposit, situated 50km southeast.

What were the gold equivalent grades in FRGGF's ALT-25-007 hole?

ALT-25-007 returned 300.72m of 0.264 g/t AuEQ, including higher-grade sections such as 53.48m of 0.475 g/t AuEQ and 1.85m of 5.48 g/t AuEQ.

What type of mineralization was encountered in FRGGF's 2025 drilling program?

All drill holes encountered quartz-sulphide veins (containing pyrite, pyrrhotite, molybdenite, and chalcopyrite) and significant porphyry-style alteration, with visible gold noted in multiple locations.