Forsys Reports Drilling Results from Norasa

Core Insights - Forsys Metals Corp. has announced further drilling results from its ongoing extension and exploration drilling program at the Valencia deposit, part of the Norasa Uranium project [1][5] - The recent drilling program has involved 115 boreholes totaling 11,739 meters, with significant mineralized intercepts reported [2][10] - The results indicate new uranium mineralization and encouraging infill grades, which could enhance ore tonnage and reduce the stripping ratio within the modelled pit [3][4] Drilling Results - The Valencia Main Pit drilling aims to expand the resource and upgrade the resource through infill drilling, targeting 26 million tonnes (Mt) of Indicated Resource to convert to Measured status [6] - Highlights from the Valencia Main include 407 ppm eU3O8 over a 53-meter interval in drillhole VA25-229 and 364 ppm eU3O8 over a 55-meter interval in drillhole VA25-264 [6] - At Valencia South, follow-up drilling has reported 338 ppm eU3O8 over a 13-meter interval and 282 ppm eU3O8 over a 54-meter interval in drillhole VA25-289 [6] Resource Expansion - Drilling at Valencia West has established a link with the Main resource, with results including 271 ppm eU3O8 over a 9-meter interval in drillhole VA25-288 [6] - Valencia East drilling has identified additional mineralization, with highlights including 184 ppm eU3O8 over a 25-meter interval in drillhole VA25-295 [12] - The Jolie Zone has shown continuity of mineralization with significant results, including 623 ppm eU3O8 over an 11-meter interval in drillhole VA25-273 [12] Future Plans - The company is preparing for drilling at the Namibplaas uranium property, with drilling expected to commence in early September [5] - The ongoing drilling efforts are enhancing resource confidence and expanding geological understanding, supporting the long-term growth potential of the project [5]