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Forge Resources ( (TSE:FRG) ) just unveiled an announcement.
Forge Resources Corp. has reported positive assay results from its Alotta Project in the Yukon, indicating an increase in gold grades from the Payoff Zone. The metallic gold screen analysis revealed a 39% increase in gold content in one of the drill holes, confirming the presence of coarse gold throughout the area. The results have expanded the mineralized footprint, with mineralization remaining open in all directions, strengthening the company’s confidence in the potential of a large mineralized system at the Alotta property.
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. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is primarily engaged in the extraction of gold, with a significant focus on its Alotta Project in the Yukon, where it aims to expand its mineralized footprint.
Average Trading Volume: 144,218
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$59.5M
See more insights into FRG stock on TipRanks’ Stock Analysis page.