Forge Resources continues phase II drilling at Alotta

Executive Summary

• First hole of Phase II (ALT‑25‑012) intersected a quartz‑vein with numerous grains of visible gold and extensive polymetallic sulfide mineralization.
• Drill program has now tested 500 m of strike length at the Payoff zone, confirming consistent porphyry‑and‑vein style mineralization and expanding the known strike to 500 m; the zone remains open in all directions.
• Company issued 500,000 stock options to a consultant (exercise price C$0.51, two‑year term expiring 2027‑09‑30).

Key Details

• Hole ALT‑25‑012: Collared ~215 m west of previous holes; at 287.32 m depth intersected a ~10 cm wide quartz vein with visible gold grains and bismuthinite, plus disseminated pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite, sphalerite.
• Vein & Alteration: Near‑surface alteration includes pervasive secondary biotite, intense silicification, chlorite and sericite; strongest veining in upper 100 m, semi‑massive sulfide veins in upper 60 m.
• Strike Length: Diamond drilling now covers a 500 m strike length of the Payoff zone with consistent combined porphyry and vein mineralization across all holes.
• Phase II Program: Additional 3–4 holes planned; drilling has also commenced at the Alimony target (800 m NW of Payoff), an undrilled gold‑molybdenum soil anomaly (300 × 500 m). Hole ALT‑25‑013 is currently being drilled to test this target.
• Historical Context: Phase I intersected gold‑enriched mineralization in all holes; inaugural drilling returned 219 m @ 0.46 g/t Au, including 22.45 m @ 1.20 g/t Au (hole ALT‑23‑001).
• Resource Proximity: Alotta property (~4,723 ha) lies ~50 km SE of the large Casino copper‑gold porphyry deposit in the Dawson Range belt.
• Option Grant: 500,000 options issued to a consultant; each option for one common share at C$0.51 per share, exercisable over two years, expiring 2027‑09‑30.

Notable Quotes

“The native gold bearing quartz vein at the Payoff zone is a spectacular intersection that demonstrates the potential for significant mineralization throughout the Alotta property as we search for a high‑grade porphyry centre.” – P.J. Murphy, CEO