Forte Minerals Provides Updates on Alto Ruri and Pucarini Projects, Peru
Executive Summary
- Forte Minerals is advancing community engagement and permitting for the Alto Ruri high‑sulphidation gold project in Peru, aiming to secure a long‑term community agreement.
- The company completed a five‑hole, 1,530 m drill program at its wholly‑owned Pucarini Project; one hole returned anomalous Au, Cu and Mo values while the other four holes did not intersect significant mineralization.
- Historical drilling data from 1997 at Alto Ruri highlighted high‑grade gold (e.g., 131 m @ 2.55 g/t Au, including 54 m @ 5.39 g/t Au), supporting continued exploration focus on this district‑scale system.
Key Details
- Alto Ruri Project:
- Located ~15 km from Barrick’s former Pierina Gold Mine.
- Target area comprises a 2 km × 1.5 km advanced argillic alteration zone that has not been systematically tested with modern geophysics or drilling.
- Historical 1997 drilling (12 holes, 2,254.5 m) by Compañía de Minas Buenaventura reported high‑grade intervals, notably Hole 001‑97: 131 m @ 2.55 g/t Au, including 54 m @ 5.39 g/t Au.
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Several high‑resistivity CSAMT geophysical anomalies identified as potential untested gold‑bearing vuggy silica alteration targets at depth.
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Community Engagement & Permitting:
- Forte is working to secure a long‑term community agreement to enable systematic exploration of the Alto Ruri system.
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Ongoing permitting activities are being advanced in parallel with geophysical and drilling work.
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Pucarini High‑Sulfidation Gold Project (Southern Peru):
- Completed a five‑hole, 1,530 m drill program on 100% owned land.
- One hole returned anomalous assay results for gold, copper, and molybdenum; the remaining four holes did not intersect significant mineralization.
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Drilling equipment has been demobilized; environmental remediation is pending completion.
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Management Commentary:
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Patrick Elliott, President & CEO, emphasized that Pucarini’s surface anomaly justified the test program and reiterated Forte’s primary strategic focus on advancing Alto Ruri.
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Financing Position:
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The release notes recent backing by two strategic investors and a strengthened balance sheet, positioning the company to meet its 2026 exploration objectives at Alto Ruri and evaluate additional copper‑gold opportunities.
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Qualified Person:
- Richard Osmond, P.Geo., Independent Director of Forte, reviewed and approved all technical information in accordance with NI 43‑101.
Notable Quotes
“Pucarini presented a robust surface anomaly that warranted a first‑pass test. We are proud of our team’s ability to execute a safe, cost‑effective program at Pucarini. Our primary strategic focus remains on advancing the historically discovered Alto Ruri high‑sulphidation gold project,” – Patrick Elliott, President & CEO, Forte Minerals Corp.