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Forge Resources ( (TSE:FRG) ) just unveiled an update.
Forge Resources has announced promising gold assay results from its Phase 2 diamond drill program at the Alotta Project, Yukon, with a notable intercept of 105 g/t Au over a core length of 1.25 meters. This discovery underscores the high-grade gold potential at the Payoff Zone and complements the broader mineralization efforts. The ongoing drilling success suggests a robust gold-bearing system, enhancing the project’s viability and potential for stakeholders. The company plans to focus on large targets defined by coincident copper, gold, and molybdenum soil anomalies as exploration progresses.
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 resources. The company is primarily engaged in the extraction of gold, with a significant emphasis on its Alotta Project located in Yukon, which is a gold-enriched porphyry system.
YTD Price Performance: 27.27%
Average Trading Volume: 151,788
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$61.25M
For detailed information about FRG stock, go to TipRanks’ Stock Analysis page.