Forge Resources (CSE: FRG)

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

Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) ("FRG" or the "Company") is pleased to announce initial observations of mineralization from the first diamond drill hole of the Phase II, 2025 drill program at the Alotta gold-copper porphyry property. ALT-25-012 intersected polymetallic veins, with one containing numerous grains of coarse visible gold. Drilling is currently underway at the Alimony Target, and the Company expects to complete an additional 3-4 holes during this program.

Highlights:

  • At the Payoff Zone, hole ALT-25-012, collared ~200 m to the west of previous drilling, intersected numerous occurrences of visible gold from a sulphide-rich quartz vein (Photo 1 and Figure 1).
  • Diamond drilling has now tested the lower Payoff Zone over a 500-metre strike length, with all holes consistently intercepting combined porphyry and vein style mineralization.
  • Widespread quartz-sulphide (pyrite, pyrrhotite, molybdenite and chalcopyrite) veining has been encountered throughout hole ALT-25-012, consistent with gold-bearing vein and porphyry-style mineralization previously observed at the Payoff Zone, including near-surface polymetallic pyrite-pyrrhotite-arsenopyrite-sphalerite veins.
  • Drilling has commenced at the Alimony Target, approximately 800 m to the northwest of the Payoff Zone. The Alimony Target is a 300 x 500 gold and molybdenum soil anomaly that has never been drilled.

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Photo 1. Quartz vein with coarse native gold. Red circles highlight some of the clusters of native gold found within the vein.

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Figure 1. Photos of coarse visible gold and bismuthinite in ~10 cm wide quartz vein (287.32 - 288.24 m).

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After the successful completion of the Phase I program, which intersected gold-enriched mineralization in all drill holes (see news release dated September 8, 2025), Phase II drilling began with a hole collared 215 m to the west of previous drilling at the Payoff Zone (Figure 2 and Table 1). Hole ALT-25-012 has encountered similar, veining and alteration as previous holes, increasing the known strike length of the Payoff Zone to 500 m. The zone remains open in all directions.

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Figure 2. Diamond Drill Hole Map

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The Payoff Zone is a gold-enriched area of widespread, near-surface, quartz-sulphide and sulphide (pyrite-pyrrhotite±chalcopyrite±molybdenite) mineralization that is thought to lie peripheral to a large porphyry centre. Inaugural drilling at this zone returned a discovery interval of 219 m grading 0.46 g/t Au, including 22.45 m grading 1.20 g/t Au from drill hole ALT-23-001 (see news release dated February 29, 2024). The zone is characterized by a large (500 x 600 m) overlapping gold and copper soil geochemical anomaly that overlies a magnetic low.

The Alimony target is an undrilled molybdenum soil anomaly with overlapping gold in soil values in the westernmost part of the property that coincides with the boundaries of magnetic high and low signatures. Drill hole ALT-25-013, which is currently being drilled (Table 1), is designed to test the soil anomaly.

Hole IDEasting (m)Northing (m)Elevation (m)AzimuthDipLength (m)
ALT-25-01262326269159691083135-60336.75
ALT-25-01362302169164821043230-05In Progress

*Coordinate data not yet finalized from field surveys

Table 1: Diamond Drill Hole Data

PJ Murphy, CEO, states: "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. We are excited to see the remaining drill holes, all of which test new targets for the remainder of Phase II drilling."

ALT-25-012

Hole ALT-25-012 was collared 215 m to the west of holes ALT-25-008 and ALT-25-009, both of which were drilled during Phase I drilling. At 287.32 m down hole, drilling intersected a low angle to core axis, quartz vein (approximately 10 cm wide) hosting numerous grains of visible gold and bismuthinite, along with disseminated to semi-massive pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite and sphalerite (Photo 1, Photo 2 and Figure 1).

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Photo 2. ~10 cm wide quartz vein cutting granodiorite hosting coarse native gold, bismuthinite, pyrrhotite, pyrite, chalcopyrite, arsenopyrite, molybdenite and sphalerite.

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The hole cut granodiorite and porphyritic rocks, which are altered for the entirety of the drill hole. Alteration includes pervasive secondary biotite that is overprinted by intense silicification, and widespread chlorite and sericite alteration which become stronger around areas of veining (Photo 3).

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Photo 3. Quartz-pyrite veins with strong chlorite-sericite alteration halos

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The hole intersected significant near-surface alteration, veining and sulphide mineralization. Vein-hosted pyrite, molybdenite, chalcopyrite and pyrrhotite were encountered over the length of the hole, with the strongest veining found in the upper 100 metres (Photo 4). Several semi-massive sulphide veins hosting pyrrhotite-pyrite-arsenopyrite±sphalerite were encountered in the upper 60 metres of the hole (Photo 5).

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Photo 4. Quartz vein with centreline of pyrite (right) cutting porphyritic rocks hosting disseminated pyrite and pyrrhotite.

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Photo 5. Quartz-carbonate vein hosting pyrite-arsenopyrite-sphalerite

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Drill core from this hole is currently being logged and processed on site and will be submitted for analysis upon completion. Results will be released after being received and checked for Quality Assurance / Quality Control.

Proximity to Measured and Indicated Resources

The Alotta property consists of 230 mineral claims that covers approximately 4,723 hectares in a similar geological setting to Western Copper and Gold's Casino deposit, that is located 50 km to the south-east. The Casino deposit is one of the largest undeveloped copper-gold porphyry projects in the world.

Options

The Company also announces the issuance of an aggregate of 500,000 options to a consultant of the Company (the "Options"). Each option allows the holder to purchase one common share of the Company (each a "Share") upon the terms and conditions of the option agreement. The Options are exercisable over a two-year term expiring on September 30, 2027, at a price per Share of $0.51.

About Forge Resources Corp.

Forge Resources Corp. is a Canadian-listed junior exploration company 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.

Qualified Person

Lorne Warner, President and P. Geo, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.

On behalf of the Board of Directors
"PJ Murphy", CEO Forge Resources Corp.
info@forgeresources.com

Forward-Looking Statements

Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbor.

Source

FRG:CC
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Locksley Resources Limited  Assessment and Evaluation of DeepSolv Program Expansion

Locksley Resources Limited Assessment and Evaluation of DeepSolv Program Expansion

Perth, Australia (ABN Newswire) - Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is pleased to advise that a senior Locksley team has completed a visit to Rice University in Houston, Texas, to formally evaluate the Company's research collaboration with Rice.

Highlights

- Given increased industry interest in DeepSolv(TM), the Company has requested the expansion & acceleration of the Rice technology program

- The expansion would include the following components:

o Testing of multiple antimony feedstocks at different processing stages, direct ore, post DMS and high-grade concentrates

o Testing of antimony feedstock from multiple sources including the Mojave Project, EV Resources and additional other 3rd party samples

- Meetings held with Professor Pulickel Ajayan, Rice Executive Vice President for Research, and Technology Transfer Office

- Dedicated project workshop with the Ajayan research team to discuss technical programs

- Locksley in discussions with an additional mining group regarding the opportunity of evaluation the DeepSolv(TM) technology

- Locksley is focused upon providing Antimony processing independence to the USA and the opportunity presented by the $1.5bn+ domestic market

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1. The development of DeepSolv(TM) product, for the extraction and refining of antimony feedstocks

2. The evaluation of antimony-based materials for advanced energy storage applications

As previously announced, Locksley has secured an agreement with EV Resources for the supply of external antimony ore, which will be incorporated alongside feedstock from the Mojave Project to support the development of DeepSolv(TM). In addition, DeepSolv(TM) continues to gain industry momentum, with discussions now underway with an additional potential user for the treatment of antimony ore. Given the growing industry interest in DeepSolv(TM) the Company is actively evaluating options to expand and accelerate the Rice technology program.

Locksley views the Rice partnership as a cornerstone of its U.S. strategy, providing access to world class expertise and positioning the Company to advance both upstream and downstream opportunities in antimony and rare earths.

Locksley's Chairman Patrick Burke, commented:

"This visit marks an important milestone in Locksley's mine-to-market strategy to onshore the supply of antimony and rare earths into the United States. By formally commencing our collaboration with Rice University and incorporating additional ore supply secured through our agreement with EV Resources, we have laid the foundation for a practical and accelerated testwork program. These initiatives position Locksley at the centre of developing a secure domestic supply chain, aligned with U.S. government priorities. We look forward to working closely with Professor Ajayan and his team as we move rapidly toward delivering tangible results."

*To view images and figures, please visit:
https://abnnewswire.net/lnk/U3C84R75



About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials' claims, highlighting the strong geological continuity and exploration potential of the project area.

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Tottenham Project

Locksley's Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

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