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• FRG announced the final assay results from the two remaining holes of its Phase 1 five-hole diamond drill program.
• The two holes intersected strong Au-Cu porphyry style mineralization, with hole ALT-25-010 intersecting three wide zones of mineralization.
• The La Estrella Coal Project continues to advance with coal extraction expected in Q4/25 by way of its 20,000-ton bulk sample.
• We recently published an interview with CEO PJ Murphy; watch it here.
This morning, Forge Resources Corp. (FRG:CSE, FRGGF:OTC) announced the final assay results from the remaining two drill holes of the Phase 1 diamond drill program at its Alotta property. A total of 1,422.9m across five drill holes was completed in the Phase 1 drill program, with 4,082.9m across 11 drill holes having been completed at the Payoff and Severance zones in 2023. All five drill holes in the Phase 1 program encountered gold-bearing porphyry-style quartz-sulphide veins and widespread alteration, an impressive feat for a small, preliminary exploration program.
We are encouraged by this initial drill program and look forward to FRG beginning its Phase 2 drill program, which is scheduled to begin in September. The Company plans to test the Commission and Alimony targets, two undrilled copper-gold anomalies located 1,000m east and 500m west of current drilling, respectively. We are maintaining our BUY rating and a target price of $1.00/share on FRG.
Highlights from today’s release:
• Hole ALT-25-011 (three wide zones of mineralization): 0.339 g/t Au, 0.34 g/t Ag, and 0.025% Cu over 30.59m (starting at 23.71m depth)
o 0.346 g/t Au, 0.18 g/t Ag, and 0.019% Cu over 59.97m (starting from 152.32m depth)
o 0.247 g/t Au, 0.21 g/t Ag, and 0.012% Cu over 52.27m (starting from 236.88m depth)
• Hole ALT-25-010: 0.361 g/t Au, 0.14 g/t Ag, and 0.018% Cu over 31.71m
FRG: Phase 1 Drill Program Complete at Alotta, Phase 2 Starting
What you need to know:• FRG announced the final assay results from the two remaining holes of its Phase 1 five-hole diamond drill program.
• The two holes intersected strong Au-Cu porphyry style mineralization, with hole ALT-25-010 intersecting three wide zones of mineralization.
• The La Estrella Coal Project continues to advance with coal extraction expected in Q4/25 by way of its 20,000-ton bulk sample.
• We recently published an interview with CEO PJ Murphy; watch it here.
This morning, Forge Resources Corp. (FRG:CSE, FRGGF:OTC) announced the final assay results from the remaining two drill holes of the Phase 1 diamond drill program at its Alotta property. A total of 1,422.9m across five drill holes was completed in the Phase 1 drill program, with 4,082.9m across 11 drill holes having been completed at the Payoff and Severance zones in 2023. All five drill holes in the Phase 1 program encountered gold-bearing porphyry-style quartz-sulphide veins and widespread alteration, an impressive feat for a small, preliminary exploration program.
We are encouraged by this initial drill program and look forward to FRG beginning its Phase 2 drill program, which is scheduled to begin in September. The Company plans to test the Commission and Alimony targets, two undrilled copper-gold anomalies located 1,000m east and 500m west of current drilling, respectively. We are maintaining our BUY rating and a target price of $1.00/share on FRG.
Highlights from today’s release:
• Hole ALT-25-011 (three wide zones of mineralization): 0.339 g/t Au, 0.34 g/t Ag, and 0.025% Cu over 30.59m (starting at 23.71m depth)
o 0.346 g/t Au, 0.18 g/t Ag, and 0.019% Cu over 59.97m (starting from 152.32m depth)
o 0.247 g/t Au, 0.21 g/t Ag, and 0.012% Cu over 52.27m (starting from 236.88m depth)
• Hole ALT-25-010: 0.361 g/t Au, 0.14 g/t Ag, and 0.018% Cu over 31.71m
Underlying
Forge Resources Corp.
Provider
Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Ben Pirie
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