Forge Resources Encounters Coal Seam During Decline Development at La Estrella, Extraction for Analysis Is Underway
Forge Resources Corp. (OTCQB: FRGGF) has encountered a significant coal seam during underground decline development at its La Estrella coal project in Colombia. The discovered seam measures 0.5 to 1.0 meters in thickness and is currently being extracted for laboratory analysis to determine if it represents a new unidentified seam or is part of known deposits.
The Company is conducting channel sampling and bulk sample collection to assess the coal's quality and market suitability. This development aligns with Forge's previously announced bulk sampling campaign and demonstrates progress in their mining operations. The discovery comes amid a broader resurgence in the coal sector, marked by strong performance in the VanEck Coal ETF and robust demand from Asian and European markets.
[ "Discovery of new coal seam measuring 0.5-1.0 meters in thickness", "Project benefits from favorable coal market conditions with strong global demand", "Fully permitted project with existing infrastructure in place", "Strategic location with potential for low-cost logistics" ]Forge Resources Corp. (OTCQB: FRGGF) ha scoperto un importante giacimento di carbone durante lo sviluppo della galleria sotterranea nel suo progetto carbone La Estrella in Colombia. La vena individuata ha uno spessore compreso tra 0,5 e 1,0 metri ed è attualmente in fase di estrazione per analisi di laboratorio al fine di stabilire se si tratti di una nuova vena non identificata o parte di depositi già noti.
L'azienda sta effettuando campionamenti a canale e raccolta di campioni bulk per valutare la qualità del carbone e la sua idoneità al mercato. Questo sviluppo è in linea con la campagna di campionamento bulk precedentemente annunciata da Forge e dimostra i progressi nelle operazioni minerarie. La scoperta si inserisce in un contesto di ripresa più ampia del settore carbone, caratterizzato da ottime performance dell'ETF VanEck Coal e da una forte domanda proveniente dai mercati asiatici ed europei.
- Scoperta di una nuova vena di carbone con spessore tra 0,5 e 1,0 metri
- Il progetto beneficia di condizioni favorevoli del mercato del carbone con forte domanda globale
- Progetto completamente autorizzato con infrastrutture esistenti
- Posizione strategica con potenziale per logistica a basso costo
Forge Resources Corp. (OTCQB: FRGGF) ha encontrado una veta de carbón significativa durante el desarrollo de la galería subterránea en su proyecto de carbón La Estrella en Colombia. La veta descubierta mide entre 0,5 y 1,0 metros de espesor y se está extrayendo actualmente para análisis de laboratorio con el fin de determinar si representa una veta nueva no identificada o forma parte de depósitos conocidos.
La compañía está realizando muestreos en canal y recolección de muestras a granel para evaluar la calidad del carbón y su adecuación al mercado. Este avance se alinea con la campaña de muestreo a granel previamente anunciada por Forge y demuestra progreso en sus operaciones mineras. El descubrimiento ocurre en medio de un resurgimiento más amplio del sector del carbón, marcado por un sólido desempeño del ETF VanEck Coal y una fuerte demanda de los mercados asiáticos y europeos.
- Descubrimiento de una nueva veta de carbón con un espesor de 0,5 a 1,0 metros
- El proyecto se beneficia de condiciones favorables del mercado del carbón con fuerte demanda global
- Proyecto totalmente autorizado con infraestructura existente
- Ubicación estratégica con potencial para logística de bajo costo
Forge Resources Corp. (OTCQB: FRGGF)는 콜롬비아에 위치한 La Estrella 석탄 프로젝트의 지하 갱도 개발 중에 중요한 석탄층을 발견했습니다. 발견된 석탄층의 두께는 0.5~1.0미터이며, 새로운 미확인 석탄층인지 기존 매장층의 일부인지 확인하기 위해 실험실 분석용으로 채취 중입니다.
회사는 석탄 품질과 시장 적합성을 평가하기 위해 채널 샘플링과 대량 샘플 수집을 진행하고 있습니다. 이 개발은 Forge가 이전에 발표한 대량 샘플링 캠페인과 일치하며 채굴 작업의 진전을 보여줍니다. 이번 발견은 VanEck Coal ETF의 강세와 아시아 및 유럽 시장의 견고한 수요로 특징지어지는 석탄 산업의 전반적인 부흥 속에서 이루어졌습니다.
- 0.5~1.0미터 두께의 새로운 석탄층 발견
- 강력한 글로벌 수요에 힘입은 유리한 석탄 시장 환경
- 기존 인프라를 갖춘 완전 허가 프로젝트
- 저비용 물류 가능성이 있는 전략적 위치
Forge Resources Corp. (OTCQB: FRGGF) a découvert un gisement de charbon important lors du développement d'une descenderie souterraine sur son projet charbon La Estrella en Colombie. La veine découverte mesure entre 0,5 et 1,0 mètre d'épaisseur et est actuellement extraite pour analyse en laboratoire afin de déterminer s'il s'agit d'une nouvelle veine non identifiée ou d'une partie de dépôts connus.
La société réalise des échantillonnages en canal et des prélèvements en vrac pour évaluer la qualité du charbon et son adéquation au marché. Ce développement s'inscrit dans la campagne d'échantillonnage en vrac annoncée précédemment par Forge et témoigne des progrès réalisés dans leurs opérations minières. Cette découverte intervient dans un contexte de reprise plus large du secteur du charbon, marqué par la bonne performance du VanEck Coal ETF et une forte demande des marchés asiatiques et européens.
- Découverte d'une nouvelle veine de charbon d'une épaisseur de 0,5 à 1,0 mètre
- Le projet bénéficie de conditions de marché favorables avec une forte demande mondiale
- Projet entièrement autorisé avec une infrastructure existante
- Emplacement stratégique avec un potentiel de logistique à faible coût
Forge Resources Corp. (OTCQB: FRGGF) hat während der Entwicklung eines unterirdischen Stollens bei seinem La Estrella Kohleprojekt in Kolumbien eine bedeutende Kohleflöz entdeckt. Das entdeckte Flöz misst 0,5 bis 1,0 Meter Dicke und wird derzeit für Laboranalysen abgebaut, um festzustellen, ob es sich um ein neues, unbekanntes Flöz handelt oder Teil bekannter Lagerstätten ist.
Das Unternehmen führt Kanalproben und Bulkprobenentnahmen durch, um die Qualität der Kohle und ihre Markttauglichkeit zu bewerten. Diese Entwicklung steht im Einklang mit der zuvor angekündigten Bulkprobenkampagne von Forge und zeigt Fortschritte bei den Bergbauaktivitäten. Die Entdeckung erfolgt vor dem Hintergrund einer breiteren Erholung des Kohlesektors, gekennzeichnet durch starke Leistungen des VanEck Coal ETF und eine robuste Nachfrage aus asiatischen und europäischen Märkten.
- Entdeckung eines neuen Kohleflözes mit einer Dicke von 0,5 bis 1,0 Metern
- Projekt profitiert von günstigen Marktbedingungen mit starker globaler Nachfrage
- Vollständig genehmigtes Projekt mit bestehender Infrastruktur
- Strategische Lage mit Potenzial für kostengünstige Logistik
- None.
- Coal seam analysis results still pending to confirm quality and market suitability
- Relatively thin seam thickness compared to some commercial operations
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company) is pleased to announce that it has encountered a coal seam while advancing the underground decline at its fully permitted flagship La Estrella coal project in Colombia. The seam observed within the primary tunnel development (Figure 1) is being selectively extracted for lab analysis.
Figure 1. Coal seam exposed in development face
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The coal seam measures approximately 0.5 to 1.0 meters in thickness (Figure 2). The exposed seam is being safely extracted and separated (Figure 3 and 4), with channel samples being taken for lab analysis. The results from these bulk samples will help the Company better determine if this is a new unidentified seam, or part of the already known seams at the La Estrella coal project. This initial data is highly valuable and allows Forge to confidently move forward with its bulk sampling campaign, as previously announced and planned. Laboratory testing will also assess the coal's quality and market suitability. Forge is encouraged by this development and the ongoing advancement of its decline. The Company will provide further updates as results become available.
PJ Murphy, CEO states: "This coal seam exposure highlights the near-term potential of our deposit and underscores the efficiency of our decline strategy. Our team moved quickly to safely extract material while maintaining momentum on decline development. We look forward to conducting further sampling and characterization of the coal."
Figure 2. Exposed coal seam within decline tunnel, outlined and measured
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Figure 3. Coal being extracted for analysis
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Figure 4. A portion of extracted coal sample from encountered seam on surface
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Coal Resource Sector
In recent months, the coal sector has experienced a notable resurgence, reflected in the strong performance of the VanEck Coal ETF, which has seen a marked increase amid rising global demand and tightening supply. Driven by sustained industrial activity in Asia, energy security concerns in Europe, and resilient thermal coal pricing, investor sentiment toward coal equities has improved significantly. At the same time, metallurgical coal markets remain robust, buoyed by ongoing steel production and infrastructure investment. This trend highlights a broader recovery in the coal resource market, with capital increasingly flowing into high-quality, strategically located coal projects, particularly those offering near-term production potential and low-cost logistics.
Figure 5. Aerial image of surface infrastructure
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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.
About Forge Resources Corp.
Forge Resources Corp. is a Canadian-listed junior exploration company. The Company holds an
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259915
FAQ
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