Forge Resources discovers porphyry system at Commission Zone, Alotta Project, Yukon

Forge Resources Corp. [CSE: FRG; OTCQB: FRGGF; FSE: 5YZ] provided a progress update and preliminary observations from its ongoing drill program at the Alotta Project, located within Yukon’s Dawson Range Gold Belt. Drilling operations are progressing ahead of schedule, with four drill holes completed to date. One drill hole remains in the Phase 1 program, which will be completed prior to a scheduled drilling break.

Highlights: Two drill holes (totaling 1017 m) have been completed at the Commission Zone, which intersected encouraging indicators high-temperature porphyry alteration and mineralization. In hole ALT-26-018, quartz veining and stockwork with pyrite, pyrrhotite and lesser chalcopyrite and molybdenite were observed along with strong chlorite, magnetite and biotite alteration, which visually appear to increase with depth. Hole ALT-26-018 was terminated beyond its target depth in strong stockwork veining and chlorite, biotite and magnetite alteration due to drill hole limitations.

Drilling is currently underway at the Severance Zone, which is targeting a magnetic anomaly that coincides with a 550 by 450-metre gold-copper-molybdenum soil anomaly, and a historical rock sample that returned 1.21 g/t gold and 0.35% copper.

One drill hole (totaling 397 m) has been completed at the Payoff Zone that was designed to test a magnetic anomaly to the west of the known area of mineralization. Porphyritic rocks and granodiorite were intersected which host narrow mineralized veinlets and sporadic narrow polymetallic veins with arsenopyrite and sphalerite, consistent with mineralization observed in previous drill holes at the Payoff Zone.

Approximately 1,800 metres have been drilled across four drill holes, representing approximately 70% of the Phase 1 program.

PJ Murphy, CEO of Forge Resources, stated: “We are thrilled with exploration operations so far at Alotta, which is putting us ahead of schedule to finish our Phase 1 drilling program. At the Commission Zone, the presence of magnetite and biotite alteration and intense quartz stockwork veining at the bottom of hole ALT-26-018 suggests we have found the higher temperature parts of our system. In porphyry copper systems, potassic alteration with stockwork veining are hallmarks of ore-forming centres. The identification of veining and alteration is a major success and tells us we are drilling in the right direction.”

The Payoff Zone is a 500 by 300-metre area of strongly anomalous rock and soil samples that is part of a larger 4.5 by 1.7 km long gold-copper-molybdenum±arsenic anomaly. Surface sampling has returned up to 8.73 g/t gold from rock samples and 1,965 ppb gold from soil samples. The area coincides with an east-west elongated 1.5 km long chargeability and resistivity anomaly, and cluster of magnetic high features that are enveloped by magnetic lows. The company has tested one of the two outlined objectives for 2026 at the Payoff Zone during the Phase 1 program.

Hole ALT-26-016 was designed to test a 3D magnetic anomaly to the west of previous drilling at the Payoff Zone. This hole has been completed, and preliminary observations show porphyritic rocks at the top of the hole before transitioning into variably altered and mineralized granodiorite. Notably, semi-massive arsenopyrite found in quartz veins and as disseminations were noted in the top 80 metres, in addition to common stringers and veinlets hosting pyrite. Samples from this hole have been shipped for analysis, and results are pending.
Pending: Step-out drilling to expand the mineralized footprint of the Payoff Zone to the south and north of existing drilling. To date, drilling has identified widespread gold mineralization across ~500 by 150-metre area which remains open along strike and to the north and south.

Payoff Zone highlights: Drill hole ALT-23-001 returned 211.65 metres of 0.47 g/t gold, 0.68 g/t silver, 0.019% copper and 0.004% molybdenum, including 22.45 metres of 1.09 g/t gold, 1.58 g/t silver, 0.023% copper and 0.004% moly.

ALT-23-002 returned 99.14 metres of 0.32 g/t gold, 0.70 g/t silver, 0.015% copper and 0.0025% moly. Refer to original press release for complete assays. Insufficient drilling has been completed to determine true widths.

The Commission Zone is an 800 by 600-metre area defined by a prominent magnetic high that is surrounded by discrete magnetic lows and anomalous gold-copper±molybdenum soil geochemistry. The company has completed two diamond drill holes (totaling 1017 m) testing a prominent 3D magnetic anomaly.

Hole ALT-26-017 was drilled to test the northern portion of the 3D magnetic anomaly at the Commission Zone. The hole encountered porphyritic rocks for most of the hole before ending in granodiorite. Intermittent zones of chlorite and silica alteration were present, along with biotite alteration in the lower portions of the porphyry. Quartz veining is present throughout the hole, but increases in frequency and density, and minor but visually increasing chalcopyrite and molybdenite were found in the lower portions of the porphyry before intersecting granodiorite. Samples from this hole have been shipped for analysis, and results are pending.

Hole ALT-26-018 was drilled to test the northern portion of a 3D magnetic anomaly at the Commission Zone. Preliminary observations from this hole note widespread, patchy, chlorite alteration and secondary biotite that become stronger with depth.

At approximately 250 metres downhole, quartz veining increases, becoming high-density stockwork veining starting from 440 metres until the hole was terminated at 565 metres. Minor, but visually increasing amounts of chalcopyrite and molybdenite were noted to coincide with the stockwork veining. Magnetite veining and alteration visually coincide with this area of stronger veining. The hole was terminated in altered and mineralized veining due to shallowing hole conditions after being extended beyond its target depth. Geological logging of this hole is currently underway and, once finished, samples will be shipped for analysis.

Forge Resources is focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project consisting of 230 mineral claims that cover 4,723 hectares, located 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.

In addition, the company holds an 80% interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.