01:55 PM EDT, 06/25/2025 (MT Newswires) -- Forge Resources ( FRGGF ) on Wednesday said it successfully completed Phase 1 drilling of its planned two-phase 2025 exploration program at its Alotta project in the Yukon.

The company said preliminary observations indicate promising core samples with continued visual confirmation of visible gold, porphyry mineralization, veining and alteration in drill holes to date.

"Forge remains focused on executing its exploration strategy efficiently and responsibly, with Phase 2 drilling expected to commence within the coming weeks," said Chief Executive PJ Murphy.

Shares of the company were last seen down $0.02 at $0.60 on the Canadian Securities Exchange.

Price: 0.60, Change: -0.02, Percent Change: -3.23