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Forge Resources Announces Completion of Payoff Zone Drilling, Confirming Porphyry Style Mineralization
Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company") is pleased t
About this update from Forge Resources Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) (\"FRG\" or the \"Company\") is pleased to announce the completion of the first two 2024 planned drill holes at Alotta, both showing porphyry style mineralization. The continuation of the Phase 1 drilling program is on schedule with holes ALT-24-001/002 completed to a depth of 402 and 501 metres respectively. Drill hole ALT-24-003 has now commenced, testing the Severance Zone. Hole ALT-24-001 - Azimuth 135/-50 degree dip and the first hole to drill test the Payoff Zone where strongly anomalous rock samples (up to 8.7 g/t gold) were sampled over a 200 x 300 m area. ALT-24-001 appears to have a higher concentration of pyrite stringers than what was observed in two November 2023 drillholes. In November 2023 two drill holes were completed on the property which confirmed the porphyry style nature of mineralization. Hole ALT-24-002 - Azimuth 230/-60 degree dip. The hole was proposed to test possible west-northwest trending structures related to mineralization. Porphyry style mineralization was again encountered. Alteration and associated disseminated and fractured controlled sulphide mineralization is increasing to depth. Lorne Warner, President, and P.Geo for Forge Resources Corp. comments: \"Every drillhole completed is bringing us closer to understanding the controls to the mineralization at Alotta. We have now started drilling at the untested Severance Zone which has extensive and highly anomalous multi-element soil geochemistry. The three proposed holes will test across entire anomalous soil geochemistry in the central area of the Alotta Zones.\" Figure 1 above is a core photo from hole ALT-24-002 at depth of 261.5 metres that trended towards the area of ALT-23-001, completed in November, 2023. As announced on February 24, 2024, Hole ALT-23-001 intercepted 211.65 metres of 0.46 grams/tonne gold from the first ever diamond drill hole on the property. Review of ALT-23-001 intercept area hosting the 211.65 metres of 0.46 g/tonne gold: Hosted in semi-crowed, quartz-plagioclase porphyry Indicates that silica filled fractures hosting sulphide mineralization occur in areas of higher-grade gold concentrations Semi-massive, poly-metallic veins can contain high-grade gold concentrations. Figure 2 above&...