Historical Drilling Returned 131 Metres Of 2.55 g/t Gold

VANCOUVER, BC / ACCESSWIRE / March 4, 2024 / Forte Minerals Corp. ("Forte" or the "Company") (CSE:CUAU)(OTCQB:FOMNF)(Frankfurt:2OA), has finalized the acquisition of the Alto Ruri high sulphidation epithermal gold ("Au") prospect and the Cerro Quillo porphyry Au-copper ("Cu")-molybdenum ("Mo") prospect from its strategic partner Globetrotters Resource Group Inc. ("GlobeTrotters"). Both are situated on a contiguous 4700 ha block of concessions that were initially acquired by Globetrotters from Compañía Minera Ares S.A.C. ("Ares") in exchange for a 1.0% NSR royalty interest. These concessions were transferred to Forte's Peruvian subsidiary, Cordillera Resources Perú S.A.C., in exchange for a one-time cash payment of US$25,000.

The Alto Ruri prospect was drill tested by Compañía de Minas Buenaventura ("Buenaventura") in 1997 who completed a two-stage, 12-hole drill program that included eight (8) NQ core and a four (4) reverse circulation ("RC") drill holes totalling 2254.5 m. GlobeTrotters' then subsidiary Rio Marañon Minerals S.A.C. ("Rio Marañon") re-analysed portions of the core from the eight (8) diamond drill holes in 2011 with hole 001-97 returning significant Au values averaging 2.55 g/t Au over 131 m starting from surface, including 54 m of 5.39 g/t Au1 (Tables 1 and 2). The Au mineralization is associated with the vuggy silica replacement of quartz-clay altered volcanoclastic rocks typical of high sulphidation epithermal Au alteration (Figure 2) but true widths are unknown.

Table 1: Assay results from diamond drill hole 001-97 at Alto Ruri.

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