Forte Minerals Provides Updates on Alto Ruri and Pucarini Projects, Peru
Globenewswire·2026-03-27 20:29

Core Viewpoint - Forte Minerals Corp. is advancing community engagement and permitting at the Alto Ruri Project, focusing on securing a long-term community agreement to explore a high-sulphidation epithermal gold system [1] Group 1: Alto Ruri Project - The Alto Ruri Project is located approximately 15 kilometers from Barrick's past producing Pierina Gold Mine and features a 2 km by 1.5 km advanced argillic alteration zone that has not been systematically tested with modern geophysics and drilling [1] - Historical drilling by Compañía de Minas Buenaventura in 1997 confirmed high-grade gold potential, with Hole 001-97 returning 131 meters of 2.55 g/t Au, including 54 meters of 5.39 g/t Au [2] Group 2: Pucarini High-Sulfidation Gold Project - Forte completed a five-hole, 1,530-meter exploration drill program at the Pucarini Project, confirming the presence of the targeted hydrothermal system, although only one hole returned anomalous gold, copper, and molybdenum values [3] - Management expressed pride in executing a safe and cost-effective program at Pucarini while maintaining a strategic focus on advancing the Alto Ruri project [4] Group 3: Financial Position and Strategic Focus - Forte is backed by two recent strategic investors and has a strengthened balance sheet, positioning the company to execute its 2026 exploration goals at Alto Ruri and evaluate additional opportunities across its copper-gold portfolio [5] - The company is committed to responsible resource development that generates long-term value for shareholders, communities, and partners [7]

Forte Minerals Provides Updates on Alto Ruri and Pucarini Projects, Peru - Reportify