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Drill Results

Forge Resources Intersects Additional Visible Gold in First Hole of Phase II Alotta Drill Program, Yukon

By The Northwire Desk — AI Analysis Sep 30, 2025 · 08:31 FRG · 0.50 Forge Resources Corp.
FRG · Price

Executive Summary

  • Forge Resources reported initial mineralization observations from the first Phase II drill hole (ALT‑25‑012) at the Alotta gold‑copper porphyry property, including visible coarse gold in a quartz‑vein intersection.
  • The Payoff Zone now has a confirmed 500‑m strike length with consistent porphyry and vein‑style mineralization; the zone remains open in all directions.
  • The company issued 500,000 stock options to a consultant (exercise price $0.51, expiring 30 Sep 2027).

Key Details

  • Hole ALT‑25‑012 (collared ~200 m west of previous drilling) intersected polymetallic veins with numerous grains of coarse visible gold and bismuthinite at 287.32–288.24 m depth.
  • Drill length: 336.75 m; azimuth 135°, dip ‑60°.
  • Vein width ≈ 10 cm, hosting disseminated to semi‑massive pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite and sphalerite.
  • Upper 100 m of the hole showed strongest veining; semi‑massive sulphide veins encountered in upper 60 m.
  • Phase II program will drill an additional 3–4 holes, including ALT‑25‑013 (currently in progress, azimuth 230°, dip ‑5°).
  • Payoff Zone now tested over a 500‑m strike length; previous discovery interval: 219 m @ 0.46 g/t Au (including 22.45 m @ 1.20 g/t Au from hole ALT‑23‑001).
  • Alimony Target (~800 m NW of Payoff Zone) is a 300 × 500 m gold‑molybdenum soil anomaly, undrilled until now; drill hole ALT‑25‑013 designed to test this target.
  • Core logging and assay analysis are ongoing; results will be released after QA/QC verification.
  • Option Grant: 500,000 options issued to a consultant, exercisable over two years (expires 30 Sep 2027) at $0.51 per share.

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.” – PJ Murphy, CEO

All boilerplate, forward‑looking statements and company background have been omitted per instructions.

Read the original news release →

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