Forge Resources Corp. announced mobilization efforts for its previously announced 2025 drill program at the Alotta Project, Yukon. The re- establishment of camps and construction of drill pads started on May 26, and the drill was transported to the project on June 2. The exploration program is on schedule, and it is anticipated that drilling will commence by the end of the week.
The first drillhole will test approximately 800 metres east of ALT-23-001/002. As announced on February 29, 2024, Hole ALT-23-001 intercepted 211.65 metres of 0.46 grams/tonne gold from the first ever diamond drill hole on the property. The company remain committed to keeping stakeholders informed and will provide further updates as new information becomes available.
Drill Plan Recap for Spring/Summer 2025. As announced on April 16, 2025, the Forge technical team, in collaboration with Archer Cathro and Associates, has designed a summer exploration program comprising of up to 4000 metres of diamond drilling across 12 proposed diamond drill holes, each with an average depth of 300-350 metres. These efforts will be directed towards step-out drilling within the Payoff Zone and untested coincident geophysical and geochemical anomalies across a 4 km by 1 km area.
The Company's drill plan for the 2025 season intends to evaluate the most promising drill locations based on their respective merits to test for porphyry-style mineralization. Additionally, the company plans to undertake further reconnaissance drilling on the Payoff target areas this season. This zone exhibits substantial surface mineralization, with highly anomalous concentrations of gold, copper, and molybdenum identified from rock and soil samples.
These targets represent areas of the property where significant (>1 g/t gold) rock values have been observed on the surface. To date, Forge Resources has completed six widely spaced diamond drill holes, totaling 2,659 metres. All holes encountered significant gold, copper, and mlybdenum mineralization typically associated with quartz-sericite-pyrite alteration within semi-crowded to crowded quartz-plagioclase porphyry.
Mineralization includes disseminated and fracture-controlled pyrite, pyrrhotite, along with minor chalcopyrite and molybdenite linked to quartz veins and micro-veins. Compilation of prior drilling data indicates potentially economic mineralization correlated with coincident induced polarization, chargeability highs, moderate-to-high resistivities, and magnetic lows. Proximity to Proven Resources.
The Alotta property consists of now consists of 230 mineral claims that cover 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 most economic, greenfield copper-gold mining projects in the world which is ranked as one of the top ten largest, undeveloped, copper-gold porphyry deposits in the world.
