Business
Fuerte Metals Begins 40,000 m Drilling Program at the Coffee Gold Project
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2026) - Fuerte Metals Corporation (TSXV...
About this update from Fuerte Metals Corporation
[{"type":"text","content":"Fuerte Metals Begins 40,000 m Drilling Program at the Coffee Gold ProjectVancouver, British Columbia--(Newsfile Corp. - March 30, 2026) - Fuerte Metals Corporation (TSXV: FMT) (OTCQB: FUEMF) (\"Fuerte\" or the \"Company\") is pleased to announce the commencement of a 40,000 m drilling program at its Coffee Gold Project (\"Coffee\" or \"The Project\") in Canada's Yukon Territory. Coffee hosts 3.0 million ounces (\"Moz\") of gold in open-pit heap-leach Measured and Indicated Resource and an Inferred Resource of 0.8 Moz of gold. The drilling program will initially focus on infill drilling to convert a portion of the 0.8 Moz of Inferred gold resources to the Indicated category, for inclusion in the Feasibility Study being carried out by G Mining Services and scheduled for completion in late 2026. Subsequent drilling will test other exploration targets on the property.The Coffee Gold Project is located approximately 130 km south of Dawson in Canada's Yukon Territory (Figure 1). The project is situated within the prolific Yukon- Tanana Terrane (YTT), and within the wider Tintina Gold Province, which hosts numerous multi-million-ounce deposits and producing mines including Kinross' Fort Knox Mine and Snowline's Valley deposit. The lack of glaciation in the Yukon has allowed for the preservation of extensive oxide ore deposits such as Coffee and the nearby Casino copper-gold deposit.Tim Warman, CEO of Fuerte Metals stated: \"The Coffee Project has been a transformative acquisition for Fuerte, and we are rapidly advancing the project towards a construction decision in early 2027. This drilling program is an integral part of that process and is aimed at building up the Measured and Indicated resource base for inclusion in the Feasibility Study currently underway. The program will begin at the Supremo Extension zone, which is currently one of the highest-grade portions of the Coffee deposit. Because Supremo Extension is a more recent discovery, the drilling density is lower, and the bulk of the resource is currently classified as Inferred, so an early goal of the drilling program is to convert a significant portion of that resource to the Indicated category.\"The Coffee project is on a clear path to complete permitting and has strong financial and technical partners who have the vision to advance the project to production and build the nex...