Forsys Announces Commencement of Expansion Drill Program at Namibplaas

Core Viewpoint - Forsys Metals Corp. has initiated a drill program at its Namibplaas uranium property, consisting of 64 drill holes over approximately 12,500 meters, following the fulfillment of all regulatory requirements [1][3]. Group 1: Drill Program Details - The drill program aims to infill and upgrade the existing Namibplaas mineral resource to the Measured and Indicated category and to explore down dip mineralization potential [3][5]. - A total of 44 drill holes, approximately 9,350 meters, are planned for Area B to support the upgrade of the currently classified Inferred resource [5][6]. - An additional 12 drill holes, around 1,915 meters, are designated for geotechnical drilling and geometallurgical sampling at Namibplaas [6]. Group 2: Resource Expansion Potential - The Namibplaas resource is currently defined on the historic radiometric Anomaly-B, while higher radiometric signatures are observed at Anomaly-A, approximately 2 km to the west, indicating potential for resource expansion [8][9]. - A reconnaissance drill program will test for uranium mineralization in fresh rock below 50 meters depth at Anomaly-A, which has shown significant potential for mineralization due to high scintillometer signatures [9][10]. Group 3: Project Ownership and Licensing - The Norasa Uranium Project, which includes both the Valencia and Namibplaas uranium deposits, is wholly owned by Valencia Uranium (Pty) Ltd., a subsidiary of Forsys Metals Corp. [4][15]. - The Valencia deposit is under a 25-year Mining Licence (ML-149) valid until 2033, while the Namibplaas deposit is under Exclusive Prospecting Licence (EPL-3638) [4].