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Forge Resources ( (TSE:FRG) ) has issued an update.
Forge Resources Corp. has announced the commencement of its Phase 2 diamond drill program at the Alotta Project in Yukon, driven by record-high gold prices. The program aims to explore untested geophysical and geochemical anomalies, building on previous exploration successes that revealed significant gold, copper, and molybdenum mineralization. Additionally, the company has completed the first tranche of a flow-through private placement, raising $775,001.15 to fund Canadian exploration expenses, with a second tranche expected to raise an additional $500,000.
The most recent analyst rating on (TSE:FRG) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Forge Resources stock, see the TSE:FRG Stock Forecast page.
More about Forge Resources
Forge Resources Corp. is a Canadian-listed junior exploration company operating in the mining industry, focusing on gold and copper exploration projects. The company is actively engaged in exploration activities in the Yukon region, targeting porphyry-style mineralization.
Average Trading Volume: 111,943
Technical Sentiment Signal: Sell
Current Market Cap: C$43.31M
For a thorough assessment of FRG stock, go to TipRanks’ Stock Analysis page.