SCC Alert: 2-Times the Size of "Canada's Premier Copper-Gold Mine", Forge Resources (CSE: FRG) Gold & Copper Soil Anomalies Over 4 Km X 1 Km

“top ten largest, undeveloped, copper-gold porphyry deposits in the world”

April 23, 2024

Hello Traders!

Add Forge Resources Corp. (CSE: FRG) to Your Watchlist Right Away

Gold is exploding and today we are turning our immediate attention to Forge Resources (CSE: FRG), a dynamic exploration company with a world-class gold/copper project. CSE: FRG’s gold/copper property is located just 40 km south-east of Western Copper and Gold's Casino deposit- known as one of the most economic, greenfield copper-gold mining projects in the world and ranked as one of the top ten largest, undeveloped, copper-gold porphyry deposits in the world.

It’s being called:

• “one of the largest undeveloped Gold/Copper deposits in the world,” and,
• “Canada's premier Copper-Gold mine”

It is said to have:

• 14.8 mln ounces of gold
• 7.6 bln pounds of copper

RioTinto gave them $25.6M to date and Mitsubishi Minerals has a 5% stake.

This Casino Project discovery sent Western Copper and Gold’s valuation to more than $275M, that's over 1 quarter of a $Billion!

But did you know that another Canadian junior explorer owns a project that may be TWICE the size!

Just 40km to the south-east of the Casino project, Forge Resources Corp. (CSE: FRG) owns the Alotta Property, which shows Gold/Copper in-soil anomalies over 4 Km X 1 Km in size, that's twice the size of the resource area of the Casino deposit.

Russell Ball, former CFO and EVP of both Goldcorp and Newmont Mining, has said CSE: FRG’s project “has the potential to be a company-maker.”



Image: At 4Km by 1Km, CSE: FRG's world-class Alotta project is twice as large as the world famous Casino Project, and shares a similar geological setting.

Of course, gold has been grabbing headlines in recent months:

• The global price of gold could potentially reach $3,000 per ounce as additional funds pour into exchange-traded funds backed by the precious metal, according to analysts at Citi
• UBS brokerage firm has set a target price of $2,700
• Goldman Sachs has given a target of $2,500

Copper’s outlook is just as strong:

The red metal has traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to bet that miners will struggle to service a surge in demand.

Citigroup Inc. analysts have declared the copper outlook looks bullish in the next three months on the prospect of a tighter market and short covering.

In a separate project geared towards near-term revenue generation, CSE: FRG recently increased their interest to 40% in Aion Mining Corp.’s La Estrella coal project in Santander, Colombia and this has the potential to pay off nicely as the company has noted:

"The La Estrella project in Colombia is an exciting project with an extremely high rate of return that is expected to be revenue-generating and free-cash flow positive in less than twelve months' time."

• Annual revenue projected of $29.7M by year 3
• The concession is fully permitted for 45+ years
• Mining plan approved for production of up to 180,000 tons/year
• Unprecedented coal price records & strong demand
• LOI's to purchase 100% production from top coal buyers
• Mining friendly jurisdiction with Colombia ranked among top 10 producers

Coal Highlights

Despite the world’s push to eliminate coal there are a few important facts to keep in mind about the rock:

• Coal still supplies just over a third of global electricity generation
• Coal will continue to play a crucial role in iron and steel production
• In 2022, global coal demand reached its highest level ever- that level was eclipsed in 2023
• Some 204 new coal power plants are currently under construction, another 93 such projects have been announced and 260 new ones are in the pre-construction stage

And coal has some serious backers, according to BankTrack.org:

The two largest institutional investors in the coal industry are the US investment giants BlackRock and Vanguard, with share and bond holdings of respectively US$ 109 billion and US$ 101 billion. Next in line are the US investment managers Capital Group and State Street.

Before we go any further let’s step back for a moment and introduce today’s featured company, you’ll want to keep a close eye on Forge Resources Corp. (CSE: FRG) this week.

Today’s Breakout Gold Exploration Alert is
Forge Resources Corp. (CSE: FRG)



Quote

Company Website

Investor Presentation

In their own words: “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 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 a 40% 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.”

Let’s take a closer look at the two projects mentioned above.

Alotta Project

• Alotta Property consists of 74 mineral claims that cover over 1550 Ha. along the Dawson Range, Yukon.
• The Yukon has been undergoing extensive and highly successful mineral exploration discoveries.
• The Alotta Property is situated approximately 40 kilometers south-east of the Casino Au/Cu porphyry deposit.
• Recent success in the region is evidenced by the Casino Project, amongst one of the largest undeveloped Gold/Copper deposits in the World.

On April 18, 2024 the company announced they had prioritized the initial target areas for drill testing this spring on the Alotta project. Currently, the company is proposing to complete up to 5 drill holes for a total of 2,500 metres as part of the continuation of the fall 2023 diamond drilling program that paused in November for the winter season.

For a comprehensive overview of the project visit:
https://www.forgeresourcescorp.com/alotta-project/

La Estrella Coal Project

CSE: FRG holds a 40% interest in Aion Mining Corp’s mining concession located in Santander region of Colombia consisting of 548 ha of historical resources estimated at over 18 million tons of coking and thermal coal reserves.

• Fully licensed, from Exploration to Production: Approved 180,000 Mt/year possibility to increase
• Environmental License granted Mining concession granted for 45 + years
• LOI’s to purchase 100% of bulk sample to production from top coal buyers
• SRK Consulting (UK) Ltd. NI 43-101 report by Paul Bright, Principal Geologist February 2012 outlining Historical Measured/Indicated and Inferred Resources
• 50% High Volatile Coking -50% Thermal
• Favorable market conditions & strong demand of Colombian Coal for international markets
• Mining-friendly jurisdiction with Colombia ranked among top 10 producers of thermal and coking coal

For a comprehensive overview of the project visit:
https://www.forgeresourcescorp.com/coal-project-1/

As CSE: FRG continues develop their gold/copper project in the Yukon and looks to on capitalize on the growing demand for coal as a means to generate more immediate revenues with their recent acquisition in Colombia, we believe they are worthy of your attention.

We urge members to take swift action to start researching CSE: FRG right away. This could be an exceptional situation developing as we speak.

For more information, please visit the company’s website at https://www.forgeresourcescorp.com/ and their quote page at https://thecse.com/listings/forge-resources-corp/.

As always, we encourage you to conduct your own further research and always consult a professional.


Very Best Regards,

Editor, SCC

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