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Forge Resources ( (TSE:FRG) ) has shared an update.
Forge Resources has reported significant gold assay results from its Phase 2 diamond drill program at the Alotta Project in Yukon, with a notable intercept of 45.01 g/tonne gold over a core length of 3.15 meters. This discovery reinforces the high-grade gold potential at the Payoff Zone and suggests promising prospects for future exploration, as the mineralization remains open in all directions. The results are expected to enhance Forge Resources’ positioning in the gold mining sector, potentially benefiting stakeholders through increased resource estimates and future development opportunities.
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’s primary focus is on gold, with significant operations at its Alotta Project in Yukon.
Average Trading Volume: 177,978
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$63.87M
For a thorough assessment of FRG stock, go to TipRanks’ Stock Analysis page.