Forge Resources Provides Progress Update in Decline Development at Fully-Permitted La Estrella Coal Project
Forge Resources reports significant progress in the development of its La Estrella Coal Project. The company is advancing its decline development with a transition to a more mechanized approach, supported by newly arrived development machinery.
Key highlights:
- Enhanced equipment selection to improve development pace and operational efficiency
- Rock structure exceeding expectations in competency and stability
- Commitment to maintaining high safety and environmental standards
CEO PJ Murphy emphasized that the decline's steady progress reflects months of strategic planning. The mechanized approach, combined with new equipment, aims to accelerate development while prioritizing safety and environmental responsibility. The company trades on CSE: FRG, OTCQB: FRGGF, and FSE: 5YZ.
Forge Resources annuncia importanti progressi nello sviluppo del suo Progetto Carbone La Estrella. L'azienda sta avanzando nello sviluppo del declino adottando un approccio più meccanizzato, supportato dall'arrivo di nuove macchine per lo sviluppo.
Punti salienti:
- Selezione migliorata delle attrezzature per aumentare la velocità di sviluppo e l'efficienza operativa
- Struttura rocciosa che supera le aspettative in termini di solidità e stabilità
- Impegno a mantenere elevati standard di sicurezza e tutela ambientale
Il CEO PJ Murphy ha sottolineato che il progresso costante del declino riflette mesi di pianificazione strategica. L'approccio meccanizzato, unito alle nuove attrezzature, mira ad accelerare lo sviluppo ponendo al primo posto la sicurezza e la responsabilità ambientale. La società è quotata su CSE: FRG, OTCQB: FRGGF e FSE: 5YZ.
Forge Resources informa sobre avances significativos en el desarrollo de su Proyecto de Carbón La Estrella. La empresa está progresando en el desarrollo del declive con una transición hacia un enfoque más mecanizado, apoyado por maquinaria de desarrollo recién llegada.
Puntos clave:
- Selección mejorada de equipos para mejorar el ritmo de desarrollo y la eficiencia operativa
- Estructura rocosa que supera las expectativas en competencia y estabilidad
- Compromiso con mantener altos estándares de seguridad y medio ambiente
El CEO PJ Murphy destacó que el progreso constante del declive refleja meses de planificación estratégica. El enfoque mecanizado, combinado con el nuevo equipo, busca acelerar el desarrollo priorizando la seguridad y la responsabilidad ambiental. La empresa cotiza en CSE: FRG, OTCQB: FRGGF y FSE: 5YZ.
Forge Resources는 La Estrella 석탄 프로젝트 개발에서 중요한 진전을 보고했습니다. 회사는 새로 도착한 개발 장비를 지원으로 보다 기계화된 접근 방식으로 갱도 개발을 진행하고 있습니다.
주요 내용:
- 개발 속도와 운영 효율성을 향상시키기 위한 장비 선택 강화
- 예상보다 뛰어난 암석 구조의 강도와 안정성
- 높은 안전 및 환경 기준 유지에 대한 약속
CEO PJ Murphy는 갱도의 꾸준한 진전이 수개월간의 전략적 계획을 반영한다고 강조했습니다. 기계화된 접근 방식과 신규 장비의 결합은 안전과 환경 책임을 우선시하면서 개발 속도를 가속화하는 것을 목표로 합니다. 회사는 CSE: FRG, OTCQB: FRGGF, FSE: 5YZ에 상장되어 있습니다.
Forge Resources annonce des progrès significatifs dans le développement de son projet charbon La Estrella. La société fait avancer le développement de sa descenderie avec une transition vers une approche plus mécanisée, soutenue par l'arrivée récente de nouvelles machines de développement.
Points clés :
- Amélioration de la sélection des équipements pour accélérer le rythme de développement et l'efficacité opérationnelle
- Structure rocheuse dépassant les attentes en termes de compétence et de stabilité
- Engagement à maintenir des normes élevées de sécurité et d'environnement
Le PDG PJ Murphy a souligné que les progrès constants de la descenderie reflètent des mois de planification stratégique. L'approche mécanisée, combinée aux nouveaux équipements, vise à accélérer le développement tout en priorisant la sécurité et la responsabilité environnementale. La société est cotée sur CSE : FRG, OTCQB : FRGGF et FSE : 5YZ.
Forge Resources berichtet über bedeutende Fortschritte bei der Entwicklung seines La Estrella Kohleprojekts. Das Unternehmen schreitet bei der Entwicklung des Strebs mit einem Übergang zu einem stärker mechanisierten Ansatz voran, unterstützt durch neu eingetroffene Entwicklungsmaschinen.
Wichtige Highlights:
- Verbesserte Auswahl der Ausrüstung zur Steigerung der Entwicklungsgeschwindigkeit und Betriebseffizienz
- Gesteinsstruktur, die die Erwartungen hinsichtlich Festigkeit und Stabilität übertrifft
- Verpflichtung zur Aufrechterhaltung hoher Sicherheits- und Umweltstandards
CEO PJ Murphy betonte, dass der stetige Fortschritt des Strebs Monate strategischer Planung widerspiegelt. Der mechanisierte Ansatz in Kombination mit neuer Ausrüstung zielt darauf ab, die Entwicklung zu beschleunigen und dabei Sicherheit und Umweltverantwortung zu priorisieren. Das Unternehmen ist an CSE: FRG, OTCQB: FRGGF und FSE: 5YZ gelistet.
- Rock structure at La Estrella shows better than expected competency and stability, reducing geological risks
- Successfully transitioning to mechanized mining approach with new equipment deployment
- Decline development is progressing steadily, indicating operational execution
- No specific progress metrics or timeline provided for the decline development
- Absence of cost information for the new equipment and mechanization transition
- No production targets or economic parameters disclosed
Vancouver, British Columbia--(Newsfile Corp. - May 1, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company) is pleased to announce significant progress in its ongoing development initiatives, with noteworthy advancements in the decline at La Estrella.
Advancement of La Estrella Decline
The Company's decline is progressing swiftly, marking a significant step forward in its strategic development. This milestone is particularly encouraging as the Company transitions to a more mechanized approach, bolstered by the recent arrival of an enhanced selection of development machinery. The new equipment is expected to significantly improve the pace of progress, optimize operational efficiency, and ensure adherence to stringent safety and quality protocols.
Moreover, the Company is highly satisfied with the observed rock structure. The competency and stability of the rock have exceeded expectations, providing additional confidence in the project's feasibility and long-term success. Forge remains committed to leveraging these favorable conditions to further expedite development while maintaining the highest standards of environmental and operational responsibility.
PJ Murphy, CEO states: "The steady progress of our decline represents many months of strategic planning. The transition to a more mechanized approach, coupled with the arrival of additional equipment, is expected to accelerate development while upholding our commitment to safety, efficiency, and environmental responsibility."
Figure 1. Workers scale rock from development face
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Figure 2. Worker torques fasteners on steel arches
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Figure 3. Muck being transported to the dump staging area
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Figure 4. Arial view of development area of interest
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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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