Forsys Metals Reports Additional Interim Drilling Results from Norasa

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[{"type":"text","content":" TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“Forsys” or the “Company”) is pleased to provide further interim drilling results from its 2024 Resource Extension and Exploration drilling program from Valencia (ML 149), at the Company’s Norasa Uranium project (“Norasa1”). The ~10,000 m drilling program currently underway is designed to expand and upgrade the Valencia resources adjacent to the current main pit. Positive results, such as 210 ppm U3O8 over a 253 m interval, including 16m at 655 ppm U3O8 (VA24-022), indicated there is significant potential to further increase the resources and grades around the Valencia orebody. Highlights At Valencia South, resource drilling intersected the widest grade interval of the programme to date in drillhole VA24-022; returning an average of 210 ppm U3O8 over a 253 m interval, including 16m at 655 ppm U3O8. Additionally, VA24-022 intersected 363 ppm eU3O8 over 43m from 366 to 409 metres and VA24-023 intersected 213 ppm U3O8 over 53m from 179m depth to the end of the pre-collar at 232m; At Valencia East, the best intersection was drillhole VA24-043 of 313 ppm U3O8 over 20 metres; Exploration drilling at Valencia West intersected 222 ppm eU3O8 over 34 metres from 76m to 110m depth in drillhole VA24-052; Exploration drillhole VA24-019 intersected 185 ppm U3O8 over 41 metres from 1m to 42m depth at the Jolie Zone; At the Bundu Zone, the best intersection was in drillhole VA24-056 of 198 ppm eU3O8 over 28 metres from 1m to 29m depth. Pine van Wyk, Forsys Country Director commented: “These high-grade intersections in the current drilling program demonstrate significant potential to further increase our resources and grades around the Valencia orebody. Multiple near-pit targets reported good grades that warrant follow-up work. The Valencia West extension in particular exhibits exciting potential to add substantial resource to the Valencia orebody and to enlarge the Valencia Main pit.” The drilling program strategy is to expand and upgrade the Valencia resources adjacent to the current main pit. Drilling aims to assess mineralisation extension potential at two targets in the vicinity of the Valencia Main pit and to test the potential of four targets to the north and east of the pit (Figure 1). A total of 71 drillholes for 9,637 metres of combin...

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