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FORGE RESOURCES LTD

ASX: FRG

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Forge was established in 2009 as a resource and energy exploration company. The Company’s primary objective is to build a resource and energy company at a time when the global demand for resources and energy is high.

Forge has reached agreement with Australian-American Mining Corporation N.L. for the acquisition of their Australian based exploration and resource assets.

In addition to advancing the exploration and development of these projects and in accordance with its charter, Forge will also seek to acquire or participate in additional resource and energy projects in Australia and overseas.

Captains Flat Project

The Captains Flat Project is located approximately 60 kilometres southwest of Canberra and covers an area of approximately 239 square kilometres surrounding the old mining town of Captains Flat. EL6381 is held in the name of Forge whilst EL6840 is held in the name of Ironbark.

In June 2010, Forge entered into a Joint Venture Agreement in relation to Captains Flat with NSW Base Metals Pty Ltd and Ironbark Zinc Ltd whereby NSW Base Metals Pty Ltd and Ironbark Zinc Ltd will spend $600,000 over a two year period to earn a further 24% interest in the Captains Flat Project for a combined total 75% interest in the Captains Flat Project.

The Captains Flat Project covers a centrally located, narrow north-trending belt of the Hoskinstown Group sediments which are of Silurian age. These sediments occur in a north-plunging syncline which is located within a graben bounded on the west by the Narongo reverse fault and fl anked on the east and on the west by the Foxlow Beds which are of Ordovician age.

Mayfield Project

The Mayfield Project is the subject of a joint venture arrangement with Capital Mining Limited, Roberts Consulting Pty Ltd and Forge whereby Forge has a 46.5% interest and Capital Mining Limited (51% interest) is the manager of the project. Roberts Consulting Pty Ltd holds the remaining 2.45% interest in the Mayfield Project. The Mayfield Project is located 46 kilometres south-southeast of Goulburn and covers an area of approximately 50 square kilometres surrounding the old mining town of Mayfield.

The Mayfield Project is being explored for gold and base metals in skarn deposits associated with intrusions of the Braidwood I-type granite suite. Exploration is centred on the evaluation of a significant gold-copper skarn deposit at the Mayfield Project where encouraging results have been obtained in the past.

Copper-gold-silver and zinc resources have been estimated which are compliant with the JORC code. Exploration has included, reconnaissance mapping, literature research, compilation and verification of historic drill data, specialist reprocessing of high resolution air magnetic and radiometric data, detailed geological mapping, establishment of survey benchmarks, inspection of drill core, bulk density measurement, resource estimation and environmental studies.

Mayfield North Project

The Mayfield North Project (abutting the Mayfield Project to the south), is located 60 kilometres east of Canberra and covers an area of 151 square kilometres. The Mayfield North Project is adjacent to the former Woodlawn Mine, a Zn-Pb-Cu deposit with reported 18Mt of historical production. The former Woodlawn Mine is located approximately 200 kilometres south-west of Sydney.

Michelago Project

The Michelago Project is located approximately 34 kilometres north of Cooma and covers an area of approximately 132 square kilometres. The Michelago Project contains many base metal and gold prospects. The geological setting for these mineral occurrences is typically a volcanogenetic environment with some intrusives. The Michelago Project area occurs on a rift known as the Cowra-Yass Synclinorial Zone which runs from Spring Valley to south of Bredbo. This comprises a Silurian felsic to intermediate volcanic – sedimentary-carbonate sequence underlain or faulted against Ordovician basement fl ysch in the east.

Wymah Project

The Wymah Project is located approximately 90 kilometres south of Wagga Wagga adjacent to the New South Wales – Victoria border and covers an area of 75 square kilometres. The Wymah Project is prospective for molybdenum, tin and tungsten. The Wymah Project consists of a number of quartz reefs up to 200 metres long and carrying varying quantities of tungsten, molybdenum and bismuth mineralisation. Some of these reefs have been worked in the past by adits and shafts.

Mine For

lead, silver, zinc, copper, gold, tin, tungsten, rare earth elements, molybdenum

Location of operation(s)

New South Wales

Address

Level 24 56 Pitt St
SYDNEY, NSW, Australia

Phone

(61 2) 9259 4400

Email

Website


Last Updated

29/6/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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