Forge Resources Reports Remaining Assays Still Pending from Phase 2 of 2025 Drill Program

Rhea-AI Summary

Forge Resources (OTCQB: FRGGF) reported on November 28, 2025 that remaining assays from drill hole ALT-25-012 and holes ALT-25-013 to ALT-25-015 are still pending due to laboratory backlogs from heavy seasonal sample volumes.

Selected rush fire-gold assays from ALT-25-012 at the Payoff Zone returned a composited 45.01 g/t Au over 3.15 m (starting 286.0 m), which includes a previously reported 105 g/t Au over 1.25 m (starting 287.15 m). Remaining gold and multi-element analyses are expected in the coming weeks and the company will update as results become available. All intervals reported are drilled core lengths; additional drilling is required to establish true widths.

Positive

• Composited intercept of 45.01 g/t Au over 3.15 m
• Included high-grade intercept of 105 g/t Au over 1.25 m
• Rush fire-gold assays produced initial high-grade results

Negative

• Remaining assays from ALT-25-012 and ALT-25-013–015 are still pending
• Laboratory backlog extended processing timelines due to heavy seasonal volumes
• Only partial datasets received to date; multi-element data pending
• True widths not established; additional drilling required

Key Figures

Gold grade: 45.01 g/t Au Interval length: 3.15 metres Gold grade (subinterval): 105 g/t Au +5 more

8 metrics

Gold grade 45.01 g/t Au ALT-25-012 over 3.15 m starting at 286.0 m

Interval length 3.15 metres High-grade composite interval in ALT-25-012

Gold grade (subinterval) 105 g/t Au ALT-25-012 over 1.25 m starting at 287.15 m

Gold grade (subinterval) 58.93 g/t Au ALT-25-012 over 2.40 m within Payoff Zone interval

Gold grade (subinterval) 8.85 g/t Au ALT-25-012 over 1.15 m within Payoff Zone interval

From depth 286.0 metres Start of highlighted interval in ALT-25-012

To depth 289.15 metres End of highlighted interval in ALT-25-012

Drill holes pending 4 holes (ALT-25-012 to ALT-25-015) Remaining assay results still pending

Market Reality Check

Price: $0.3518 Vol: Volume 500 is well below ...

low vol

$0.3518 Last Close

Volume Volume 500 is well below the 3,500 share 20-day average, indicating muted trading ahead of this update. low

Technical Price at 0.501 is trading above the 200-day MA of 0.47 despite recent weakness.

Peers on Argus

FRGGF fell -5.96% while peers showed mixed moves: several names like FMANF gaine...

FRGGF fell -5.96% while peers showed mixed moves: several names like FMANF gained double digits, but others such as GFGSF and VIORF were slightly negative, pointing to stock-specific factors rather than a broad gold-sector move.

Historical Context

5 past events · Latest: Nov 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 20	Drill results update	Positive	+7.0%	Reported 45.01 g/t Au over 3.15 m in ALT-25-012.
Nov 17	High-grade intercept	Positive	+2.5%	Announced 105 g/t Au over 1.25 m at Payoff Zone.
Oct 15	Assay re-analysis	Positive	-3.7%	Metallic screen assays increased grades and expanded footprint.
Sep 30	Phase II drilling	Positive	-8.7%	Visible gold in ALT-25-012 extended Payoff Zone strike.
Sep 24	Project advancement	Positive	-8.0%	Advanced La Estrella project and closed $500k placement.

Pattern Detected

Positive operational and drilling updates have produced mixed reactions, with roughly as many negative as positive next-day moves.

Recent Company History

Over the last six months, Forge Resources has steadily advanced its Yukon assets and related projects. News has highlighted high-grade intercepts such as 45.01 g/t Au over 3.15 m and 105 g/t Au over 1.25 m at the Payoff Zone, expanded mineralized footprints, and progress at the La Estrella Coal Project. Financing through flow-through placements and option grants also featured. Despite generally constructive project updates, share price reactions have alternated between strong gains and notable declines, underscoring volatile sentiment around drilling and development milestones.

Market Pulse Summary

This announcement focuses on pending assay results from Phase 2 drilling, reiterating previously rep...

Analysis

This announcement focuses on pending assay results from Phase 2 drilling, reiterating previously reported high-grade intervals such as 45.01 g/t Au over 3.15 m and 105 g/t Au over 1.25 m. The key takeaway is that only partial, rushed datasets are available while full gold and multi-element analyses remain in the lab. In the context of earlier Phase 2 and Phase 1 work, investors may watch for complete assays, footprint expansion, and future program updates to assess the project’s evolving potential.

Key Terms

assay results, fire gold assays, multi-element analyses, g/tonne, +1 more

5 terms

assay results technical

"reports that remaining assay results from ALT-25-012 and 3 subsequent"

Assay results are the measured outcomes from laboratory tests that determine how much of a substance is present or how well a drug, vaccine, or product performs. For investors, these results are a snapshot of scientific progress and product quality—like a report card or lab grade—that can affect a company’s regulatory approval odds, market potential, manufacturing consistency, and likely future revenues or risks.

fire gold assays technical

"intervals were submitted for rush processing and fire gold assays,"

A fire gold assay is a laboratory method that measures how much gold is in a rock or ore sample by melting the sample and separating the precious metal from other materials, then weighing the recovered gold. For investors, it matters because it is the industry-standard, highly accurate way to confirm a mining sample’s gold grade, which directly affects a project’s estimated resources, projected production and economic value — like verifying a coin’s weight before deciding its worth.

multi-element analyses technical

"remaining gold and multi-element analyses expected in the coming weeks"

Multi-element analyses are laboratory tests that measure the amounts of many different chemical elements in a single sample, such as water, soil, ore, or a product. For investors, these results give a broad picture of quality, safety, regulatory compliance or resource content—like reading a multi-point checklist—so they help assess risks, potential remediation costs, product acceptability or the value of a mineral deposit.

g/tonne technical

"Interval (m) | Au (g/tonne) | Ag (g/tonne) | Cu (%) | Mo (%)"

g/tonne stands for grams per tonne, a measure of concentration that tells how many grams of a substance are present in one metric tonne (1,000 kilograms) of material. Investors use it to gauge the richness of a resource — for example, how much metal or contaminant is in mined ore or a bulk sample — much like checking how much sugar is dissolved in a cup of tea to judge sweetness. Higher g/tonne values usually mean more valuable or productive material and can directly affect project economics and investment decisions.

drilled core lengths technical

"*All intervals are drilled core lengths. Additional drilling is"

Drilled core lengths are the measured lengths of cylindrical rock samples pulled from underground during a drilling program; they represent how much rock was recovered in a single continuous piece. For investors, those lengths matter because they show how thick and continuous any mineralized zone is—like pulling a long slice from a layered cake to see how much filling there is—which directly influences estimates of how much mineral might be present and the potential value of a project.

AI-generated analysis. Not financial advice.

Vancouver, British Columbia--(Newsfile Corp. - November 28, 2025) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company"), reports that remaining assay results from ALT-25-012 and 3 subsequent drill holes (ALT-25-013 to ALT-25-015) are still pending.

The Company notes that heavy seasonal sample volumes have resulted in laboratory backlogs that have extended processing timelines. Due to the extended processing timelines, only partial datasets from rushed samples have been received to date, with the remaining gold and multi-element analyses expected in the coming weeks. The Company will update additional results as they become available.

Given the visual indications of high-grade mineralization in several core samples from ALT-25-012, select intervals were submitted for rush processing and fire gold assays, providing initial results, while the remainder of the multi-element dataset is still in queue.

Forge recently reported in news releases dated November 17 and November 19, 2025, that gold analysis from selected rushed core samples from diamond drill hole ALT-25-012, at the Payoff Zone, returned 45.01 g/t Au over a core length of 3.15 metres starting at 286.0 metres. The newly composited interval includes the previously reported intercept of 105 g/t Au over 1.25 metres starting at 287.15 metres (November 17, 2025). Results are summarized in Table 1.

Table 1: Highlight Assay Results - Payoff Zone

ALT-25-012	From (m)	To (m)	Interval (m)	Au (g/tonne)	Ag (g/tonne)	Cu (%)	Mo (%)
	286	289.15	3.15	45.01	Pending	Pending	Pending
including	286	288.40	2.40	58.93	Pending	Pending	Pending
including	286	287.15	1.15	8.85	Pending	Pending	Pending
And including	287.15	288.40	1.25	105	Pending	Pending	Pending

 

*All intervals are drilled core lengths. Additional drilling is required to establish true widths.

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

For more information, visit Forge Resources Corp.

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/276249

FAQ

What assay results did Forge Resources report for ALT-25-012 on November 28, 2025?

Forge reported a composited 45.01 g/t Au over 3.15 m from ALT-25-012, including 105 g/t Au over 1.25 m starting at 287.15 m.

Why are Forge Resources assays for holes ALT-25-013 to ALT-25-015 delayed for FRGGF?

Delays are due to laboratory backlogs from heavy seasonal sample volumes, extending processing timelines.

When does Forge expect the remaining gold and multi-element results for FRGGF?

The company expects the remaining analyses in the coming weeks and will update when results are available.

Do the reported intervals from ALT-25-012 represent true widths for FRGGF?

No; the release states intervals are drilled core lengths and says additional drilling is required to establish true widths.

Were all multi-element assays for ALT-25-012 completed for FRGGF?

No; only selected rush gold assays were returned and the remainder of the multi-element dataset is still in queue.